Altcoins
Altcoin season is coming: these Altcoins will soon explode 125 times
The market is heating up and some cryptocurrencies are poised for impressive growth, signaling a potential surge known among enthusiasts as altcoin season.
With some coins expected to yield returns of up to 125 times, investors are scanning the horizon for the next big player. As the 2024 bull run unfolds, this article takes a look at the specific currencies that are expected to outperform their peers and generate significant buzz in the community.
BlastUP Token Expected to Soar 1,000% by Year-End
BlastUP has received a lot of attention lately due to its strong potential to become a major force in the crypto industry. This pioneering launch pad on Blast has already won over nearly 15,000 active users.
BlastUP’s ongoing pre-sale is a huge success, with 6 million dollars raised so far. The BlastUP token is considered by crypto experts to be a hidden crypto gem that can skyrocket 1,000% by the end of this year.
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BlastUP helps crypto startups grow faster and earn more. As BlastUP moves forward, it remains committed to creating a global hub for the Blast community. BlastUP is quickly gaining ground for advantage of all the players in this ecosystem.
BlastUP’s roadmap extends to 2026, promising the introduction of AI-based tools and Community marketfurther enriching the capabilities of the ecosystem.
The BlastUP token, the cornerstone of the platform, unlocks access to multi-level IDO launches, staking rewardsand exclusive loyalty benefits.
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Polygon (MATIC) Shows Recovery Potential Amid Market Moves
Polygon’s MATIC trades between $0.63 and $0.74. With the current price closer to the 10-day average of $0.66, the move is leaning towards a potential recovery. Despite a drop of around 7% over a week, the gain over a month stands at just over 1%. In six months, the price fell by around 28%. The indicators suggest that the price is not in a strong trend, with the RSI and stochastic values not indicating overbought or oversold conditions. Resistance at $0.82 could limit upside moves, while support at $0.59 provides a safety net on the downside. The current market suggests a corrective move, with chances of moving into an impulsive trend if it breaks key resistance levels.
Chain Link Prices Fluctuate Amid Market Uncertainty
Chainlink has seen varied performance recently, with its current price hovering between $12.84 and $14.72. Despite a decline of 7.52% over the past week, the monthly view shows a slight gain of 0.76%. Over a six-month period, the token is down 10.83%. The price is hovering near the key ten-day average of $13.41 and is slightly below the hundred-day average of $13.57. With an RSI of 48.32, Chainlink is neither overbought nor oversold. The moves are neither clearly impulsive nor corrective, suggesting a period of consolidation as it trades between its important support at $12.12 and the immediate resistance level at $15.88.
Hedera HBAR outlook: steady rise despite weak week
Hedera’s price range currently sits between $0.10 and $0.12. It faced a slight decline this week, of around 5%. However, over the past month, HBAR has seen a solid jump of over 38%, and the last six months have seen an impressive increase of over 76%. The movements of the parts appear healthy, neither too fast nor too slow, showing steady growth. With the nearest resistance at $0.13 and support at $0.09, HBAR maintains a steady move around the $0.11 mark as indicated by the simple moving averages. The relative strength is moderate, meaning there is neither overbought nor oversold, which tells us that the upward price trend may continue.
Mantle Crypto Price Update: Consolidation Before Next Move?
Mantle (MNT) is currently trading between $0.97 and $1.07, suggesting consolidation. The coin faced a decline of 6.25% over the past week and continued to fall by 10.25% this month, but it still boasts a remarkable gain of 112.55% over the six last months. With its closest support at $0.93 and resistance at $1.14, MNT is hovering around its 10-day average of $0.99 and slightly below the 100-day average of $1.01. RSI and stochastic indicators suggest that the coin is not overbought, while a negative MACD could imply a potential change in momentum. MNT could be preparing for its next big move, whether it breaks through resistance or moves back to test support levels.
Conclusion
Anticipation for a significant rise in certain cryptocurrencies is high, with the bull run already underway. Among competitors, MATIC, LINK, HBAR and MNT show promise, but may not grow as much in the short term. Nevertheless, attention is drawn to BlastUP for its strong potential due to its innovative concept and its integration within the Blast ecosystem. The considerable growth potential is more pronounced for BlastUP, indicating that it could outperform others during the expected altcoin season.
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