Bitcoin’s recent price drop triggered a staggering $660 million in crypto liquidations, sending shockwaves through the market. Nonetheless, this grim situation could present a golden opportunity. As history repeats itself and financial cycles evolve, a significant bullish phase might be looming on the horizon for 2024. Our upcoming piece examines the top cryptos you should consider investing in right now to capitalize on the potential gains of the 2024 bull run.
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BlastUP Presale Hits $2 Million: Anticipating the Next Big Thing in Crypto
BlastUP, the premier launchpad on Blast, has recently made a splash in the crypto world with its head-spinning debut, raising $2 million in a few weeks. The number of early investors who have already recognized BlastUP’s high potential is growing exponentially.
BlastUP is poised to reach roaring success, with plans to empower Web3 tools with AI innovation for fast and quality startup launches. It offers a comprehensive suite of tools and a rich rewards system for all those coming on board.
Currently, BlastUP is running its fourth presale stage, offering BlastUP tokens at the lowest price. Buying these tokens now at $0.055, you get a hefty discount of 45%, as the listing price is set at $0.1.
>> Be Among the FIRST! Get the Exclusive Perks From BlastUP Presale <<
Holders of BlastUP tokens may benefit from a number of privileges including allocations for token sales, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.
Following a simple mission to help blockchain startups grow faster and earn more, BlastUP is on its way to becoming a dominant force. The team of dedicated crypto enthusiasts behind the project are deeply committed to their vision and have ambitious plans to become a one-of-a-kind launchpad for easy and efficient blast off in the crypto space.
The comprehensive roadmap of BlastUP extends through 2026, outlining plans to launch an AI IDO screener, develop AI tools tailored for startup teams, and set up the Community Marketplace.
>> Join BlastUP Presale NOW to Unlock Early Benefits <<
NEAR Protocol’s Price Trends Determine Bullish Dynamics
NEAR Protocol’s token participation in the upcoming AI conference could fuel its bullish momentum, aiding it to breach the nearest resistance level at $8.49, and possibly rally towards the second resistance level at $9.11. Its solid fundamentals and current price, sitting comfortably above the 10-day Simple Moving Average at $6.87, indicate strong buy signals, strengthening its position in the market, despite the RSI recommending a sell action.
However, in the short term, a market downturn could push NEAR towards its nearest support level at $2.97 or even further down to the second support level at $2.07. Although the MACD and 100-day Simple Moving Average are suggesting to buy, the market’s unpredictability combined with the Stochastic indicating a neutral stance creates an atmosphere of caution. Therefore, a balanced approach would be prudent, factoring in both the potential risks and rewards.
Optimism’s Price May Rise Long Term, Short Term Dip Possible
Optimism’s recent developments could influence its price positively in the long term. The present value of $3.90 could possibly reach the nearest resistance level at $4.32, given their tech upgrade. The improvement could give the digital asset a push towards the second resistance level at $4.95. The 100-days moving average gives a ‘buy’ signal, hinting at a bullish trend.
However, the short term seems uncertain for Optimism with the 10-days moving average hinting a ‘sell’ action. MACD is also suggesting to ‘sell’, indicating a possible dip. If the price falls, we could see it moving towards the nearest support level at $2.95, and can even go as low as $2.20 in a bearish scenario.
Short-Term Buy, Long-Term Sell: Solana’s Market Analysis
Analyzing Solana’s current status, with its price standing firm at $176.14, it shows promising short-term opportunity. The nearest resistance level of $142.72 has been surpassed, and even the second resistance level of $160 isn’t a hurdle anymore. Indications from the Simple Moving Average, both 10-days ($152.49) and 100-days ($104.32) suggest a buy action.
On the flip side, a long-term perspective raises concern. With the RSI and Stochastic RSI fast recommending sell, it may hint at a possible slowdown or price correction. If that happens, Solana might retreat to its nearest support at $100.87, or even the second level at $76.03. MACD, however, counters this view with a buy suggestion.
ADA’s Exclusion from Grayscale Fund May Influence Price Rally
The exclusion of ADA from the Grayscale Fund might be a headwind for its price rally in the short run. Currently at $0.72, ADA is trading just below the nearest resistance level of $0.75. If momentum weakens, it may dip towards the nearest support level at $0.52, considering the MACD’s sell recommendation and the 10-day simple moving average also suggesting a sell.
On the other hand, in the long run, ADA’s fundamentals are strong. Despite exclusion from the fund, significant growth could push its price beyond the second resistance at $0.85. The 100-day simple moving average recommends a ‘buy’, reflecting the overall bullish trend. ADA’s resilience will be a key factor indicating whether the price will embrace the rising scenario or succumb to the bearish pull.
Conclusion
With the 2024 bull run on the horizon, a number of cryptocurrencies present potential investment opportunities. However, BlastUP, as part of the Blast ecosystem, offers robust potential due to its innovative concept and comprehensive tools. NEAR Protocol, Optimism, Solana, and ADA, all carry prospects but are hampered marginally by market unpredictability and other factors. Nonetheless, they retain potential to a lesser degree. Nevertheless, BlastUP’s mission, ecosystem, and dedicated team make it a standout candidate for high potential in the upcoming bull run.
Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
Discord: https://discord.gg/5Kc3nDhqVW
Telegram: https://t.me/blastup_io
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