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Bitcoin’s halving event is approaching, historically sparking significant shifts in the crypto market. With the 2024 bull run gaining momentum, investors are eager to identify which cryptocurrencies could offer the most promising returns. This article provides insight into key altcoins that could benefit from the upcoming halving and allow their investors to capitalize on this pivotal market period.
BlastUP Goes Viral, Raising $4 Million in a Few Weeks
BlastUP, the premier launchpad on Blast, has recently made waves in the crypto world with its stunning debut, raising $4 million in just a few weeks. Many smart investors are rushing to buy BlastUP tokens before their value skyrockets.
Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop , exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.
BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.
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Polygon (MATIC) Navigates Shifting Crypto Waters
Polygon (MATIC) has seen a drop over the past week and month, with prices falling by 11.10% and 21.66%, respectively. Despite this, there’s been a rise of 59.04% over the last six months. At the moment of writing, MATIC is trading between $0.96 and $1.07. The price movement seems uncertain, not committing to a strong impulsive or corrective trend, hanging around the middle on the Relative Strength Index.
Looking ahead for MATIC, signs point both ways. With the support at $0.91 potentially cushioning further drops and a second stronger floor at $0.80, there’s room for optimism should broader market conditions favor cryptos. However, resistance levels at $1.14 and $1.25 might cap rallies for now. A balanced view suggests MATIC could see gradual growth with the potential for pullbacks, reflective of the broader uncertain crypto market.
Optimism Crypto: Current State and Future Prospects
Optimism’s recent price activity suggests a corrective trend following significant gains over the past six months. At present, the price fluctuates between $3.49 and $3.96. In the last week, the coin took a 15.89% hit and dropped 21.04% over the past month. However, its six-month performance shows a robust increase of 136.51%. The current price swings below key resistance and support levels, sitting closer to the nearest support at $3.30.
Looking ahead, Optimism’s future price might seesaw between gains and pullbacks as the market digests its recent ascent. The coin’s proximity to its support level may signal potential rebounds, while resistance at $4.24 and $4.71 poses challenges for upward movement. The balance between buying and selling pressure, reflected in the RSI, Stochastic, and MACD indicators, will play a pivotal role in guiding OP’s direction in the short to medium term.
NEAR Protocol Current Performance and Outlook
NEAR Protocol has shown a mix of ups and downs recently, with a price now between $6.73 and $7.98. In the past week, it dipped by almost 8%, but the picture looks brighter back a month, showing a rise of over 50%. Since six months ago, NEAR has made a big jump, increasing by more than 500%. The movement of NEAR’s price appears to be a mix, sometimes moving fast and other times making smaller changes.
The near resistance at $8.67 might be a tough spot, but if NEAR gets enough push, it could try for the higher resistance at $9.91. On the other side, if it falls, it could find a stop at $6.18, or even lower at $4.93 if things get really rough. The mix of optimistic and careful views suggests that NEAR’s price might see both hills and valleys ahead.
Avalanche Current Trend and Price Prediction
Avalanche (AVAX) has seen a big swing in price over the last six months, jumping 341.12%. Last month, the price climbed 9.08%, but last week, it dropped 13.05%. At the time of writing, AVAX is trading between $51.34 and $58.12. The price seems to be in a corrective phase, as the recent peak is now seeing a pullback. The RSI value is neutral, so the price is unlikely to move sharply in one direction soon.
Looking ahead, there is room for growth if AVAX breaks past the near resistance at $62.13, and even more if it can get over the higher resistance at $68.91. But if buyers don’t step in, the price could fall to the nearest support at $48.57, or even the lower support at $41.79. A high Stochastic value at 84.48 means there’s a chance the price could take a breather. AVAX’s movement hasn’t been just up or down lately, and it could keep going this way in the short term.
Conclusion
Choosing the right cryptocurrencies can be crucial for profit in the crypto market. MATIC, OP, NEAR, and AVAX might offer gains, but likely not in the short term. Focusing on BlastUP is recommended, as it shows the most promise given its innovative approach and its place within the Blast ecosystem. This project’s concept is solid and offers a good opportunity for growth.
Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
Discord: https://discord.gg/5Kc3nDhqVW
Telegram: https://t.me/blastup_io
*This article was paid for. Cryptonomist did not write the article or test the platform.
