Altcoin Season Days Away! These 3 Move First!

The post Altcoin Season Days Away! These 3 Move First! appeared first on Coinpedia Fintech News

In an impressive stride for the digital currency market, Bitcoin recently boasted a market cap exceeding $1 trillion. This achievement signals the potential growth spurt for various altcoins, as an anticipated “Altcoin Season” draws near. Our in-depth analysis forecasts the three cryptocurrencies poised to make the first significant movements in this upcoming period, providing insights vital for investors monitoring the cryptocurrency market.

BlastUP Presale: the Rising Star Set to Continue the Blast Revolution

Blast, the only Layer 2 blockchain with a native yield for ETH and stablecoins, has recently made a splash in the crypto world with its head-spinning launch, reaching a staggering $1 billion TVL in just one month. Following the brilliant debut, a new big project based on this blockchain is entering the scene: BlastUP.

BlastUP is a groundbreaking launchpad poised to follow Blast’s path to roaring success, with plans to empower Web3 tools with AI innovation for fast and quality startup launches. It offers a comprehensive suite of tools and a rich rewards system for all those coming on board.

Currently, BlastUP is running its first presale stage, offering BlastUP tokens at the lowest price. Buying these tokens now at $0.02, you may get a high ROI of 800% in the future, as the listing price is set at $0.1. Furthermore, holders of BlastUP tokens may benefit from a number of privileges including allocations for token sales, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.

>> Be Among the FIRST! Get the Exclusive Perks From BlastUP Presale <<

Following a simple mission to help blockchain startups grow faster and earn more, BlastUP is on its way to becoming a dominant force. The team of dedicated crypto enthusiasts behind the project are deeply committed to their vision and have ambitious plans to become a one-of-a-kind launchpad for easy and efficient blast-off in the crypto space.

The comprehensive roadmap of BlastUP extends through 2026, outlining plans to launch an AI IDO screener, develop AI tools tailored for startup teams, and set up the Community Marketplace.

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AVAX Shows Bullish Short-Term Trend Amidst Potential Bearish Long-Term Future

AVAX, currently traded near $40, is showing a potential to challenge its immediate resistance at $42.01. With a strong short-term bullish sentiment seen in its Simple Moving Average (10-days at $38.72 and 100-days at $32.41), there’s an opportunity for the coin to increase its value. Underlying momentum, according to the MACD’s buy recommendation, corroborates the bullish outlook.

However, in the long term, the situation remains uncertain. Despite an encouraging MACD, both RSI and Stochastic suggest neutral action, hinting that the coin could still descend to its lower support levels between $25.80 and $18.43. If AVAX struggles to penetrate the $42.01 and further, the $50.85 price tags, we can’t rule out a possible bullish trend. To achieve a balance between optimism and caution, it’s crucial to keep an eye on how these indicators change in response to unfolding market dynamics.

New Polkadot Chain Proposal Might Burn DOTs, Impacting Short-Term and Long-Term Projections

The implementation of the new Polkadot chain proposal that allows the burning of DOTs can significantly realign market projections. In the short term, given the current price of $7.7, DOT has substantial support at the $5.49 level and might witness an accelerated uptrend, possibly testing the first resistance level at $8.32. MACD and the 10-day SMA indicator reaffirms this buying trend.

However, longer-term market risks cannot be ignored. The 100-day SMA of $6.77 indicates an established buying trend, yet we must acknowledge the presence of the support level at $4.33. If the DOT price finds it challenging to breach the next resistance level of $10, potential adjustments in DOT burning might push the price closer towards this lower support, thereby, projecting a depreciation in its price.

Conclusion

In the anticipated altcoin Season, BlastUP stands out for its immense potential, stemming from its novel concept and inclusion in the influential Blast ecosystem—two crucial factors that distinguish it from AVAX and Polkadot. While these coins present considerable investment opportunities, the unique aspects of BlastUP, especially its vision of integrating AI with Web3 tools and offering a rich reward system, make it a promising disruptor in the crypto space.

Site: https://blastup.io/ 

Twitter: https://twitter.com/Blastup_io