Altcoins
Should I invest today? Which Altcoins Could Make 2 to 5x Profit in the Latest News?
Investing in cryptocurrencies can be a journey full of surprises, given their volatile nature.
With the 2024 bull run now underway, investors are keeping an eye on potential gains from altcoins that promise a significant return on investment. This article takes a deep dive into some altcoins that have made headlines recently and explores their potential to multiply short-term investments. Find out which coins could be set for growth and the reasons for their expected success.
BlastUP presale: a beacon of predictability in the volatile cryptocurrency space
Pre-sale tokens are immune to wild market swings with the price set at a certain level. Predictability is one of the main advantages of presales projects such as BlastUP.
BlastUP is the first launchpad on Blast, the only Layer 2 solution with native yield for ETH and stablecoins. In just a few weeks since its pre-sale, this platform has made a leap forward $6 million which says a lot wide recognition among experienced investors.
The presale of BlastUP tokens is ongoing, offering a decent chance to invest in a promising asset at a low price.
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Anyone who purchases BlastUP tokens at this stage earns exclusive access to an Airdrop by distributing a portion of free tokens. Additionally, they can get extra rewards through staking.
BlastUP is committed to fostering a strong community with the Blast ecosystem where everyone benefits from each other’s growth. With ambitious plans to combine AI and Web3 toolsBlastUP aims to create a truly rewarding and safe environment for smooth DApp launches.
BlastUP is on the rise, fueling crypto startups with a community atmosphere and innovation at the centre. It is quickly becoming the go-to hub in the Blast ecosystem, with big plans through 2026.
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Solana price is approaching the key resistance, Bulls Eye $200
Solana is seeing a sharp increase in prices. In the last week it has increased by almost 9% and in the space of a month it has increased by just over 10%. Longer term, the last six months have shown significant growth, with the price of SOL jumping by more than 200%. Currently, SOL is trading between $146.59 and $184.77. It is approaching a key resistance level at $199.54, with the RSI and Stochastic values suggesting neither overbought nor oversold conditions. Currency movements appear to be in a phase of growth, rather than correction. If the momentum persists, SOL could break out of the resistance and aim for the $200 mark.
Mantle (MNT) price sees mixed signals amid market movements
Mantle (MNT) price is currently moving between $0.91 and $0.99. It has recently seen a slight increase with an increase of 0.80% in the last week. However, looking at a longer time horizon, it has fallen by 18.35% in the last month. On the bright side, the last six months have shown a significant increase, with an increase of 97.91%. The price appears to be in a corrective phase at the moment, with recent movements suggesting a cooling from previous increases. The coin is hovering below the 10-day and 100-day simple moving averages, which were between $1.01 and $1.02, meaning it may struggle to regain higher prices in the near term. The RSI and Stochastic indicate that MNT is not in overbought territory, which could attract buyers looking for a potentially undervalued entry point. Levels to watch are $1.05 and $1.13 for resistance, and $0.88 and $0.80 for support.
Arbitrage Price Movement: What’s Next for the ARB?
The trading price of Arbitrum (ARB) has seen various changes, with a recent range from $0.91 to $1.06. After an increase of 18.90% in the last week, the price has seen a slight decline of 2.32% in the last month. Compared to six months ago, the current price shows an improvement of 12.53%. The ARB now oscillates between efforts to push higher and efforts to stabilize, which suggests it may be in a corrective phase. The coin’s simple moving averages signal a potentially bullish trend, as the 10-day average ($1.19) is above the 100-day average ($1.11). Indicators such as the RSI at 52.45 suggest that the ARB is in a balanced zone, neither overbought nor oversold. With the Stochastic and MACD levels showing room to move, the ARB could target the nearest resistance at $1.14, unless selling pressure pushes it towards the support at $0.84.
Blur (BLUR) price movement and future outlook
Blur’s current price fluctuates between $0.33 and $0.38, with recent downward pressure seen as the coin is down 5.84% over the past month and 36.93% over the past six months . Its nearest resistance and support levels stand at $0.41 and $0.31, respectively. Blur’s price movements lately appear corrective as indicators such as the RSI at 44.69 and a stochastic low at 27.61 suggest the absence of strong buyer momentum. Despite a significant decline over the past week with a rise of 10.40%, the coin’s simple moving averages (10-day at $0.42 and 100-day at $0.40) suggest that Blur could see potential upside if it manages to break above immediate resistance levels, aiming for the second resistance level at $0.46.
Conclusion
Investing today requires careful selection. Altcoins like SOL, MNT, ARB, and BLUR may not see rapid growth but have long-term potential. Among these choices, BlastUP stands out for its promising future. With a unique concept and positioning in the popular Blast ecosystem, BlastUP has the highest potential for a significant increase in value, perhaps even 2-5x in the near future. Investors should pay close attention to its development trends.
Place: https://blastup.io/
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