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.
The excitement is palpable as the crypto market shifts, signaling the arrival of a new altcoin season. Investors are eager to know which cryptocurrencies could take the lead in the coming wave. This article provides a guide to the most promising candidates to consider before the momentum fully takes off. With the 2024 bull run approaching, the focus is on timing and selection, with the aim of helping readers position themselves advantageously in the developing market.
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BlastUP champions the motto “Grow faster, earn more.” The primary goal of this launch pad is to reduce the barriers to entry for blockchain startups so that they are equipped for success from the start.
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As BlastUP moves forward, it remains committed to creating a global hub for the Blast community, supporting early-stage startups. BlastUP is rapidly gaining popularity for the benefit of all participants in this ecosystem.
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Optimism (OP) fluctuates: Volatility in the spotlight
The price of Optimism (OP) has been on a rollercoaster lately. Over the past week, the price fell by more than 26%, continuing the downward trend from the previous month with a decline of 37%. Nevertheless, a six-month look back shows a significant jump of over 91%. The coin is currently trading between $1.64 and $3.22 and moves more in a zigzag than a straight line, indicating mixed market movements.
Predicting the path of OP’s value is a task that takes into account past performance and current numbers. Currently, growth potential leans towards caution given recent declines, but the six-month uptrend indicates resilience in the currency’s value. While some see the proximity of the next resistance level at $4.11 as achievable, others warn that a decline below the current support at $0.95 could lead to further declines.
Avalanche’s price analysis and forecast
Avalanche (AVAX) has seen a significant decline lately, down 24.96% in the past week and down 40.33% in the past month. However, over the past six months, AVAX is up 284.11%. The current price ranges between $27.56 and $48.97. The price action suggests a corrective move after the previous rally. The RSI, at 54.95, indicates that the coin is not in an oversold or overbought state, while the MACD level at -0.30 indicates a potential loss of momentum.
Looking ahead, AVAX could go either way. Optimists might view the six-month increase as a sign of underlying strength, viewing the $60.60 and then $82.01 levels as targets for a recovery. However, caution arises from the recent sharp declines and the potential to fall back to the $17.78 support, especially if broader market sentiment deteriorates.
Celestia fluctuates within a wide range, mixed future predicted
Celestia’s coin price has undergone several changes recently. Over the past week, it has fallen by about 7.35%. Over a month, it has fallen by 24.60%, but in the last six months, it has risen remarkably by 212.56%. Currently it is trading between $7.71 and $13.14. Price movements appear to be more corrective lately, given the price decline from recent highs.
Looking ahead for Celestia (TIA), the price could move towards its next resistance at $15.73 if positive momentum increases, especially since the price is above the average of the past 10 and 100 days. However, if sell-off pressure increases, TIA could retest support around $4.86.
StarkNet current price analysis and expectations
StarkNet (STRK) has been volatile and the current price is between $1.06 and $1.99. The price fell by more than 32% last week and almost 40% last month. Despite the recent downtrend, the coin has risen more than 531% in the past six months. StarkNet’s price movements show that there is currently no stable direction.
For StarkNet, predictions are mixed. Since prices have risen significantly over the past six months, this indicates strong past growth. However, current trends tend towards a decline. As STRK approaches $2.50, it could see resistance moving forward, or move past towards the second resistance at $3.43. However, the $0.63 support level indicates a potential for a significant decline if the trend reverses.
Conclusion
The exact timing for the start of a cryptocurrency market boom is challenging to pin down. It is essential to look at promising cryptocurrencies before the market turns completely bullish. OP, AVAX, TIA and STRK may not offer the highest short-term profits, despite being solid projects. Instead, attention should focus on BlastUP. This project stands out for its innovative concept and its integration with the Blast ecosystem, making it well positioned for potential growth. Investors may find BlastUP the most promising choice given its significant upside.
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.
Source: https://cryptobenelux.com/2024/04/18/wanneer-begint-het-altcoin-seizoen-welke-cryptos-kopen-voordat-het-begint/
