Bittime - The crypto market is in turmoil after Bitcoin experienced a surprising sharp decline. Investors are now looking for other options that are more stable and profitable. This article discusses some promising altcoins in 2024, offering high profit potential amidst the uncertainty of the crypto market.
Promising Altcoins in 2024
BlastUP: Impressive Newcomer
BlastUP is a unique launchpad platform built on the famous Blast Layer 2 blockchain. BlastUP raised more than $2 million in just a few weeks, replicating Blast's initial success.
BlastUP offers innovative solutions for launching DApps (decentralized applications) with a complete suite of Web3 and AI tools. This will be an attraction for startups.
Currently, BlastUP is holding a token presale. Investing now is potentially like buying Ethereum cheaply in 2017.
The token price at the fifth stage is $0.055, and the price at listing is expected to be $0.1. This is a great time to buy BlastUP tokens at a 45% discount.
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BlastUP token holders get many benefits, from priority access to token sales to exclusive loyalty rewards. They can also earn interest by staking BlastUP tokens and benefit from the seed staking feature, which provides free tokens from supported projects.
BlastUP has a mature long-term plan until 2026, including the development of an AI IDO screener, AI Startup Team Tools, and Community Marketplace. BlastUP has the potential to be a major player in the future of crypto, so you better get on board before it's too late.
Cardano: Potential Short-Term Downturn
Cardano may experience a short-term downturn. Cardano's removal from the Grayscale Fund only came as ADA was trading at $0.67, between the resistance level of $0.75 and the nearest support level at $0.52.
The MACD indicator and the 10-day moving average suggest a potential sell-off, which could push the price closer to the second support level at $0.38. Cardano's long-term prospects remain optimistic. The 100-day simple moving average is at $0.59, providing a buy signal and indicating strong support.
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Regardless of Grayscale's decision, Cardano's growing ecosystem shows room for growth. If momentum increases, breaking through resistance at $0.75 and $0.85 may be possible.
Polkadot: Unity SDK Integration and Potential Impact
The integration of Polkadot with the Unity SDK for Web3 games is a progressive step that has the potential to impact its position in the market. With the current price of $9.84, sitting between the immediate resistance level of $9.26 and the second resistance level of $10.25, the potential for price upside is reasonable if adoption of this development expands quickly.
Recommendations from the neutral RSI and Stochastic RSI indicators currently support this positive view. However, caution is still required. Although the 100-day simple moving average recommends buying at $7.90, the MACD indicator and the 10-day simple moving average both suggest sell, hinting at a potential price decline.
This, coupled with the immediate and secondary support levels at $6.91 and $5.55, could reflect long-term risks, unless gaming integration significantly accelerates adoption and user demand.
Avalanche: Strengthening Foundation Governance Drives AVAX Price?
The recent strengthening of the Avalanche Foundation's governance structure could have a positive impact on the price of AVAX. With the price currently exceeding the second resistance level at $53.41, strengthening governance could push it higher, especially as the MACD indicator flashes a buy signal and both simple moving averages indicate upward movement.
However, these developments do not eliminate potential risks. If these changes fail to boost investor confidence, we may see a correction to the nearby support level of $33.98 or even a drop to $26.97.
It is worth noting that although the MACD and moving averages show an optimistic outlook, the RSI and RSI Fast Stochastic indicators remain neutral, indicating a cautious market sentiment.
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Conclusion
Cardano, Polkadot and AVAX offer exciting prospects. However, BlastUP shows superior potential due to its unique concept and strong influence in the Blast ecosystem. As an innovative launchpad platform for DApps, BlastUP has demonstrated its capacity for substantial growth, raising over $2 million in just a few weeks. With a project roadmap that continues until
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
5 Altcoins Have a Chance to Rise 1000% when Bitcoin Falls? This is the Altcoin List
What Are Altcoins and Their Role in Cryptocurrency
Tips for Finding Altcoins that will Rise
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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