- Solana’s price surged 161.69% over six months, indicating strong upward potential despite minor recent dips.
- Toncoin’s 222.77% rise in six months reflects strong market performance, with positive technical indicators suggesting further growth.
- Starknet’s 487.001% increase highlights significant potential, despite recent declines and market pressure.
The surge in crypto investors is accompanied by a corresponding increase in the value of crypto transactions. This trend owes itself to the burgeoning array of crypto assets entering the market, coupled with the enticing profit potential they offer.
It’s no longer a mystery that early Bitcoin investors have made benefits of up to hundreds of percent. Moreover with a few other crypto assets. In 2024, four cryptocurrencies stand out for their potential to reach significant benefits.
Solana (SOL)
Over the past six months, Solana’s price has surged incredibly by 161.69%, directly fluctuating between $135.95 and $155.09. Even though it saw a 1.95% increment last week, it has declined by 2.85% over the past month. With the RSI close to 62, this indicates healthy market activity without being overbought.
The ongoing move is more impulsive, looking poised to challenge the nearby resistance level at $166.73. If the momentum continues, Solana may start approaching the second resistance at $185.88. However, if the trend reverses, the immediate support at $128.43 could provide support, with the second layer of support at $109.28. The overall trajectory of the coin appears positive.
Toncoin (TON)
Toncoin showed positive dynamics as its price moved between $5.97 and $7.57. The last week saw a sharp increase of 21.81%, indicating an impulsive trend. Over the past six months, Toncoin has surged by 222.77%, a strong rise. Technical indicators are currently showing positive momentum, with the coin trading between its 10-day and 100-day simple moving averages at $7.29 and $6.86 respectively.
Resistance levels to watch are at $8.18 and $9.78. Meanwhile, support is at USD 4.99 and USD 3.39. The rise is supported by the Relative Strength Index of 56.90, which shows buyers are in control but not in overbought territory.
Arbitrum (ARB)
Arbitrum (ARB) has been fluctuating between $0.94 and $1.09 lately, after pulling back from higher levels recently. Over the previous week, the coin’s value has depreciated by 7.63%, and it has experienced a decline of 15.76% in the last month. Despite a six-month downturn of 8.18%, the price is still holding steady above crucial support levels at $0.88.
The market sentiment inclines somewhat bearish with the RSI plunging underneath 50, showing a conceivable downturn ahead. In any case, current prices are holding relentlessly close to the 10-day and 100-day midpoints, indicating at a plausible period of advertise union. Resistance points at $1.18 and $1.33 pose challenges for development. If the trend reverses, it could be an upward move, otherwise, the coin could test lower support levels.
Starknet (STRK)
In the past half-year, Starknet (STRK) has witnessed a remarkable surge, soaring by 487.001%. Presently, its value oscillates between $1.11 and $1.35. However, in the recent week, there was a downturn of 13.45%, followed by a monthly decline of 22.19%. This indicates a prevailing downward trajectory, with current prices trailing beneath both the 10-day and 100-day simple moving averages, positioned at $1.19 and $1.22, correspondingly.
The RSI and Stochastic indicators indicate that Starknet is currently neither in an overbought or oversold condition, with readings of 44.57 and 46.16 respectively.MACD levels are slightly negative, hinting that the coin may be in a corrective phase. With resistance at $1.51 and support at $1.03, surpassing these levels could determine STRK’s next move.
The prospects for Solana, Toncoin, Arbitrum, and Starknet appear bright. Solana’s scalability, Toncoin’s robust groundwork, Arbitrum’s layer-2 Ethereum solutions, and Starknet’s pioneering scalability and privacy improvements all set the stage for considerable expansion and uptake.
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