Small Prizes, Big Dreams: Penny Cryptos Poised to Rise in May

Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.

As the 2024 bull run continues to gain momentum, a specific group of cryptocurrencies is drawing attention. These cheap options are not only pocket-friendly; they are also positioned for significant potential growth in May. Investors are eager to discover which of these so-called penny cryptos could be the next to witness a rise. The excitement is palpable, with every investor looking for that success among the many hopefuls vying for a breakout.

BlastUP presale ends in a few weeks, last chance to buy cheap

BlastUP’s pre-sale has generated great interest among crypto enthusiasts, reaching $5 million in record time. More than 12,000 smart investors have already purchased BlastUP tokens before their value skyrockets.

The presale runs until the end of May, so there’s some time to grow your crypto holdings with BlastUP, the asset primed for explosive returns of up to 1000%. BlastUP tokens are currently selling for a few US cents and are expected to reach $10 by the end of this year.

Holders of BlastUP tokens can enjoy a number of privileges, including participation in an Airdrop, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.

BlastUP stands out from the crowd in the crypto world. Backed by Blast, TVL’s sixth largest blockchain, it offers real practicality as a starting point for DApp ventures. With the motto Grow Faster, Earn More, BlastUP is committed to increasing the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.

>> Time is ticking – Buy $BLP before May ends! <<

Bonk price overview and forecast

In the current market, Bonk (BONK) is trading between $0.000015 and $0.000024. Over the past week, BONK is up 32.41%, but down 8.76% over the past month. A sharp increase of 3591.94% is observed in the last six months. These moves are mixed with recent trends that show more corrective patterns after a significant rise.

The prospects for BONK show a mix of growth potential and healthcare needs. The currency has seen strong rebounds and some pullbacks. Current levels could head towards the nearest resistance at $0.000027, but a pullback is also possible, with support targeted at $0.000009. The moving averages are slightly above the current price, indicating some hesitation in the market. Investors should keep a close eye on these levels as BONK’s next move will be crucial for the stock in the near term.

Ondo’s recent price trends and future movements

Ondo’s price has been fluctuating between $0.64 and $1.03 lately. This past week, interest rates fell 2.41%, and looking back a month, they fell 12.12%. But in six months, the coin has risen by a whopping 2574%. The price is not moving too strongly, but not too weak either, as shown by the RSI at 53.37, which indicates that the price is not currently moving strongly up or down.

ONDO could find it difficult to reach the next resistance at $1.24 unless it gains strong market support, which could be possible if overall market trends go up or if Ondo sees positive developments. But investors should be careful; If the current support at $0.47 is broken, the price could fall sharply. The balance of slow-moving indicators such as MACD and Stochastics suggests a neutral outlook, so it’s a mixed bag for ONDO.

Polygon current price movement and forecast

Polygon’s MATIC price has been fluctuating between $0.64 and $0.77 lately. This week, interest rates have fallen slightly by 0.81%, and even more remarkably, they have fallen by 26.95% in the past month. However, over six months it is up 12.62%. Looking at the current price, we see that it is gently moving, with the potential to either climb towards the nearest resistance at $0.83 or fall towards the support at $0.56.

The outlook for MATIC indicates possible growth towards the $0.83 level, but investors should keep in mind possible declines towards the $0.56 support level. Considering that the RSI is neutral at 54.93, and the MACD is showing a minimum level at 0.004, the coin could move in either direction, reflecting balanced market sentiment. MATIC’s gradual uptrend over the past six months could continue if the market remains positive, but it is also wise to consider the possibility of a downtrend if support levels are breached.

Cardano’s recent trends and the future

Cardano has seen a decline over the past week and month, with a change of -7.50% and -27.96% respectively. However, looking back further, the stock is up 54.79% over the past six months. The current price fluctuates between $0.45 and $0.53. The moves recently suggest a more corrective nature as prices remain below the nearest resistance at $0.57 and remain above the nearby support level at $0.39.

Given current technical indicators, ADA’s future price could move in either direction. The price’s proximity to the 10- and 100-day simple moving averages of $0.47, and a neutral RSI of 50.64, indicate the potential for stability. However, at a low stochastic value there may be room for upward movement. The coin could face significant pressure as it tries to break the second resistance level at $0.66, while the second support level at $0.30 provides a strong safety net in case of a downtrend.

Conclusion

In the field of penny cryptocurrencies promising for growth in May, attention is drawn to lesser-known coins such as BONK, ONDO, MATIC and ADA. However, these coins may not show as much growth in the short term compared to BlastUP, which stands out with the most potential for upside. The project’s well-received concept, coupled with its integration into the established Blast ecosystem, positions BlastUP as the prime candidate for significant movement in the market during the ongoing bull run.

Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
Discord: https://discord.gg/5Kc3nDhqVW
Telegram: https://t.me/blastup_io

Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.