Top Altcoins For Short Term Gains (April 2024)

Cryptocurrency markets are surging, and investors are on the lookout for promising altcoins poised for impressive short-term returns. With the bull run of 2024 in full swing, selecting the right digital assets can be both exhilarating and challenging. This article cuts through the noise to highlight a list of altcoins that are attracting attention for their potential to deliver quick gains in this dynamic phase of the market.

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BlastUP Presale: The 1st Launchpad in the Blast Ecosystem is Live!

BlastUP is a pioneering launchpad on Blast, the cutting-edge Layer 2 solution that has rapidly reached $1 billion total value locked in just 35 days. BlastUP’s success is also evident, as it has swiftly raised $4 million in just a few weeks, capturing the attention of savvy early investors. 

BlastUP champions the motto “Grow faster, earn more.” The primary goal of this launchpad is to reduce entry barriers for blockchain startups, ensuring they are equipped for success right from the beginning.

 The BlastUP token, a cornerstone of the platform, unlocks access to tiered IDO launches, staking rewards, and exclusive loyalty benefits.

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BlastUP token holders can enjoy exclusive benefits like access to an Airdrop, special rewards in IDOs, and the opportunity to earn interest through staking.  

As BlastUP forges ahead, it remains committed to creating a global hub for the Blast community, supporting early-stage startups. BlastUP is rapidly gaining traction for the benefit of all participants in this ecosystem.

BlastUP’s roadmap extends into 2026, promising the introduction of AI-driven tools and the Community Marketplace, further enriching the ecosystem’s capabilities.

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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.

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.

Chainlink Price Movement and Forecast

Chainlink price is currently in the $18.12 to $20.50 range. In the past week, the price has dropped by around 6.90%. Over the last month, there’s a 12.04% decrease. However, looking back six months, prices increased significantly by 134.71%. The price movement is showing a mix of upward and downward trends, indicating some corrective moves within an impulsive longer-term trend upwards.

While short-term drops can concern investors, the six-month surge highlights solid growth. The current price is near the higher Simple Moving Average values, suggesting a generally positive momentum. Nevertheless, a watchful eye on the nearest support at $17.06 is advisable, as falling below could lead to further declines. The potential to reach the nearest resistance at $21.81 remains, and overcoming that could pave the way toward $24.19.

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.

Conclusion

In summary, while coins like MATIC, AVAX, LINK, and NEAR may offer some growth opportunities in the short term, they are overshadowed by the potential of BlastUP. The strength of BlastUP lies in its innovative concept and its integral role within the Blast ecosystem, which positions it well for substantial growth. Given the current market dynamics, BlastUP emerges as the standout choice for short-term gains. It is recommended to focus on BlastUP for those looking to maximize their investment returns in the immediate future.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

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