The recent Ethereum downturn has created a unique opportunity for lesser-known cryptocurrencies to shine. This shift in the market dynamics hints at a potential rise of altcoins, which could grab attention away from Bitcoin. Exploring the current trends and which specific coins are poised for growth will be crucial for savvy investors looking for the next big win.
BlastUP Provides Final Opportunity to Get $BLASTUP Ahead of Its TGE
In just over 3 months since its launch, BlastUP has already confirmed its pivotal role in the Blast ecosystem, serving as a groundbreaking launchpad for crypto startups. It has raised a phenomenal $8 million in its presale and formed a thriving community of nearly 20,000 $BLASTUP holders. In keeping with its goal of accelerating growth, BlastUP has already launched 4 successful Initial DEX Offerings (IDOs), helping new projects build a strong foundation for a stellar start.
Currently, BlastUP is preparing for the token generation. BlastUP tokens (BLASTUP), which were sold for pennies during the presale, will be priced at $0.1 at the listing.
Last Chance to buy BLASTUP Token at the Best Price!
The only way to get the BLASTUP token at the presale price now is to purchase Blastbox V2. It is a loot box that contains a certain amount of $BLASTUP and Booster Points, special tokens used to reward the most active community members.
Those who buy Blastbox V2 get a treasure chest that gives them access to a number of privileges. Owners of Blastbox V2 can:
- Access the launchpad IDOs and get exclusive rewards
- Participate in airdrops and get free tokens and NFTs
- Receive higher interest for staking $BLASTUP
Importantly, the supply of Blastbox V2 is limited to 9999. The scarce availability can quickly drive up demand, so it is wise to hurry up and buy these rare loot boxes while you can.
Avalanche (AVAX) Shows Steady Climb Amid Mixed Market Signals
Avalanche (AVAX) is currently moving between $28.31 and $35.01. Bulls have maintained a slight edge with a recent 3.91% rise over the past week and an 11% climb in the last month. However, the coin is still down by over 15% over six months. The next challenge lies at the resistance level of $37.36. On the downside, support stands firm at $23.95. The Relative Strength Index sits at 60.18, indicating some buying interest, while a Stochastic of 89.67 suggests the asset might be overbought soon. Keep an eye on the $44.07 mark for potential longer-term growth, which could represent a rise of around 25%.
Polkadot (DOT) Poised for Potential Upswing Amid Bears’ Weakness
Polkadot (DOT) is showing signs of potential growth as it hovers between $6.10 and $6.66. Currently facing resistance at $6.88, DOT has its next significant barrier at $7.44. With strong support at $5.76 and $5.20, the coin’s technical indicators suggest bullish momentum. The Relative Strength Index (RSI) is at 63.14 and the Stochastic reading is at 97.84, implying that bears are losing their grip. If DOT can overcome its immediate resistance, it could see an increase of nearly twenty percent, pushing it toward the $7.44 mark. The 10-day moving average at $5.80 and 100-day at $5.94 further indicate a recovery trend.
Uniswap (UNI) Price Struggles Near Resistance, Bears Gaining Control
Uniswap (UNI) is currently trading between $7.58 and $8.67, showing a bearish trend. The token faces stiff resistance at $9.21, preventing upwards movement. The Relative Strength Index (RSI) at around 70.48 and Stochastic at 95.30 indicate overbought conditions, hinting that the bears are in control. Over the past week, UNI’s price decreased by 2.62%, and it’s down nearly 20% this month. Longer-term, however, UNI has grown 27.71% over six months. For potential growth, breaking the $9.21 resistance could push prices towards the $10.31 mark, which represents around an 18% rise from current levels.
Chainlink (LINK) Struggles to Find Momentum Amid Bearish Trends
Chainlink (LINK) is currently trading between $13.78 and $15.45, showcasing a minor downturn. The bears appear to be in control, as LINK has seen a 0.89% drop over one week and a more notable decline of over 5% this month. The nearest resistance level is at $16.08, and should the price break past this, it could potentially rise to $17.75, marking a 15-20% gain. However, with support levels close to $12.73 and $11.06, a downturn to these levels could spell more trouble for bulls. The RSI of 66.15 and a high Stochastic of 98.11 suggest the market may be overbought, indicating potential further struggle ahead.
Conclusion
Altcoins like AVAX, DOT, UNI, and LINK show potential but might offer less short-term growth. BLASTUP stands out with the highest potential due to its unique concept and its place in the Blast ecosystem. This innovative framework positions it for significant gains during the current bull run.
Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
Discord: https://discord.gg/5Kc3nDhqVW
Telegram: https://t.me/blastup_io
The post Following the Ethereum Dip, Altcoins Are Ready to Take the Spotlight from Bitcoin – Here’s Why appeared first on ETHNews.
