Why Cosmos (ATOM) and Celestia (TIA) Could Outperform the Rest of Ethereum’s L2 Market



The landscape of Ethereum layer-2 (L2) blockchains is as dynamic as it is competitive. Currently, there are 44 active L2 networks, collectively holding a massive $37 billion in total value locked (TVL). Despite this, Kenny Li, co-founder and COO of Manta Pacific, casts a shadow of doubt over the future of these networks. His prediction is stark: in five years, only a select few will remain relevant. Li places his bets on the so-called “modular” blockchains, specifically citing Celestia (TIA) and Cosmos (ATOM), as the front runners in this survival of the fittest.

However, critics dismiss the term “modular” as mere marketing hype, arguing that the success of a network is hardly defined by its development approach. Historical perspective of failed Bitcoin and Ethereum forks, which Li referenced to strengthen his argument, further fuel their skepticism. Today, both Cosmos (ATOM) and Celestia (TIA) are experiencing a bullish trend, with ATOM impressively surging by 10%, and TIA showing a steady 2% increase. Market watchers are on the edge of their seats, eager to see if these blockchains will indeed outlive their competitors, as Li suggests, or if they’ll succumb to the intense market dynamics and fade into the annals of crypto history.

Amidst this debate of modular versus monolithic architectures, another project making waves in the crypto market is ScapesMania (MANIA). Although its presale stage has concluded, the coming Token Generation Event and its anticipated DEX listing are creating a buzz among crypto investors.

Ride The Wave of Innovation with ScapesMania

The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token’s value might increase exponentially in the future.

The spotlight has shifted to the upcoming PancakeSwap listing. The date was already announced in a recent AMA with the CEO, so don’t miss out! 

The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away.

Your Last Chance to Boost Potential Returns Post Listing

The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry.

Moreover, the token’s utility is impressive. It’s not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market’s growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential. 

The community’s excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania’s transition from niche to mainstream.

ScapesMania’s smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works.

ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth.

Make sure you don’t pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative.

>>> LISTING ALERT – Keep Up With Latest News <<<

Cosmos (ATOM) Price Analysis

Cosmos’ (ATOM) modular framework is designed to simplify blockchain technology for developers and demystify decentralized applications. This made ATOM a potentially strong contender in the current market environment where meme coins and AI crypto coins are witnessing significant surges. 

Notably, Cosmos’ (ATOM) price trajectory experienced a notable shift on February 27 when it broke free from a descending parallel channel, signaling a possible change in market sentiment. This breakout, initially premature on the three-day time frame, found solid footing on March 1 as ATOM closed above the channel, indicating a strengthening bullish trend.

Cosmos (ATOM) Technical Outlook

Technically, Cosmos (ATOM) is currently trading between the first support level at $12.35 and the first resistance level at $15.31.

Source: TradingView

The Exponential Moving Averages (EMA) for 10, 50, and 200 days are clustered around $13.77 to $13.81, suggesting a consolidating market.

The Average Directional Index (ADX) at a low 18.91 indicates a lack of strong trend, and the close-to-zero MACD Level (-0.006) and minimal Momentum (0.071) further point to a consolidating market phase.

The Relative Strength Index (RSI) at 49.53 leans neither towards overbought nor oversold conditions, offering a neutral perspective.

However, the Stochastic %K at 56.49 hints at a slight bullish momentum.

Cosmos (ATOM) Price Forecast

In a bullish scenario, should ATOM maintain its upward momentum and breach the immediate resistance at $15.31, it could target the second resistance level at $16.38, with an eye on the September 2022 highs around $17.19, which aligns with the third resistance level. This would represent a significant 30% climb from current levels.

Conversely, in a bearish outlook, a failure to sustain above $12.35 could see Cosmos (ATOM) retracing towards the second support level at $10.47, and potentially to the third support at $7.51 in a more pronounced downturn.

The close proximity of EMA values indicates that a strong directional move might be imminent, but it is contingent on market dynamics and investor sentiment in the coming days.

Celestia (TIA) Price Analysis

After a drop from $17.56 to a stabilization point above $15.83, Celestia (TIA) experienced a nearly 10% decrease over the past week. Despite this short-term volatility, TIA stayed resilient, boasting an impressive 70% increase over a three-month period and a 15% rise year-to-date.

Celestia’s (TIA) innovative approach to blockchain technology, leveraging data availability sampling (DAS) to bolster scalability and security as the user base expands, supports this price performance. As of early March, TIA remains 23% below its all-time high, suggesting potential for significant growth ahead.

Celestia (TIA) Technical Outlook

Currently, Celestia (TIA) trades between the key support level of $14.3 and the immediate resistance level of $19.94, reflecting a critical phase in its market positioning.

Source: TradingView

The EMAs indicate a closely contested battle between buyers and sellers: the 10-day EMA stands at $16.39, just above the current trading range, while the 50-day and 100-day EMAs at $16.64 and $14.01, respectively, suggest a convergence in trend.

The RSI at 42.85 and the Stochastic %K at 40.93 lean towards a slightly bearish sentiment but are not in the oversold territory, which could imply room for downward or lateral movement.

The ADX at a low 20.27 signals a weaker trend, and the CCI at -62.3 corroborates this.

The MACD Level of -0.47 and a negative Momentum of -1.178 further hint at cautious bearish momentum in the short term.

Celestia (TIA) Price Forecast

Considering these technical indicators, the future for Celestia (TIA) presents a bifurcation of possibilities. In the bullish scenario, a break above $19.94 could trigger an uptrend towards the next resistance levels at $23.36 and potentially $29, particularly if buying pressure increases.

On the flip side, a bearish outlook might see TIA retesting $14.3, and in a more pronounced downturn, possibly heading towards $12.08 or even $6.44.

Market dynamics, combined with Celestia’s (TIA) progress in enhancing blockchain scalability and security through DAS technology, will be key determinants in which of these scenarios plays out.

Bottomline

In the competitive landscape of Ethereum L2 blockchains, Cosmos (ATOM) and Celestia (TIA) stand out as potential frontrunners. While critics debate the effectiveness of their “modular” structure, both cryptocurrencies are showing bullish trends, with ATOM rising by 10% and TIA by 2%. This growth roots in optimism in their unique approaches to blockchain technology: Cosmos (ATOM), with its focus on simplifying blockchain for developers, and Celestia (TIA), with its innovative data availability sampling, are poised for significant movements, either upward or downward, contingent on market dynamics and investor sentiments.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.



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