The excitement around cryptocurrencies is surging as the bull run of 2024 gains momentum. Investors are on a constant lookout for the next big mover in the market. This upcoming article dives into the cryptocurrencies that deserve attention in the coming week. With the market heating up, identifying the top performers could be crucial for those looking to capitalize on the current trends.
BlastUP Goes Viral, Raising $4 Million in a Few Weeks
BlastUP, the premier launchpad on Blast, has recently made waves in the crypto world with its stunning debut, raising $4 million in just a few weeks. Many smart investors are rushing to buy BlastUP tokens before their value skyrockets.
Holders of BlastUP tokens may benefit from 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, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling 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.
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NEAR Protocol: Bounce or Break? Price Movements in Focus
NEAR Protocol has seen noticeable price action with a one-week drop of about 8%. Over the past month, however, it has jumped over 50%. An impressive six-month rally has taken it up by over 500%. Currently, NEAR floats between $6.74 and $7.98. Movement is more corrective following the recent highs.
Looking ahead, NEAR could aim for its nearest resistance of $8.67 if momentum picks up, but obstacles stand firm at the second resistance of $9.91. On the downside, protection at $6.18 may cushion falls, with a stronger safety net near $4.93. Balancing hope with caution, NEAR's journey will depend on market sentiment and adoption progress.
Cosmos: A Glimpse Into ATOM's Price Movements
Cosmos (ATOM) has seen a drop recently, with a weekly change of -13.27% and a month change of -12.42%. Yet, it's up by 58.13% over the last six months. Currently, it is trading between $11.55 and $13.06. The movement seems corrective as it stabilizes from previous increases. The nearest support is at $10.79, with resistance close at $13.81.
Looking ahead for ATOM, there are two sides to consider. With the 10-day average at $11.10 and the 100-day at $11.30, a base might be forming, suggesting potential growth. The RSI at 42.93 hints at neutral conditions, giving room for either direction. However, caution is due since the Stochastic is low at 27.90, indicating that the coin might not be ready for a strong rebound yet.
Uniswap Price Fluctuations and Predictions
Uniswap's price has seen a lot of changes recently. It swung between $12.12 and $13.55. In the last week, it dropped by about 10.87%, and over the past month, it went down by 11.72%. But over the last six months, it's actually up by 147.92%. Right now, the moves in price seem more like they're correcting than pushing forward.
Looking ahead for UNI, there are reasons to expect both ups and downs. The price could go up since it's higher than it was six months ago, which shows a strong trend. However, with the current low numbers on the Stochastic and RSI, some people might be cautious. UNI could face tough times if it breaks below the nearest support level at $11.30. It needs to get over $14.16, if it wants to confirm an uptrend.
Jupiter’s Current Trends and Outlook
Jupiter's price is currently fluctuating between $1.39 and $1.94. In the past week, it's increased by almost 13%. On a monthly basis, the uptrend is more pronounced, with an impressive surge of nearly 150%. The six-month data shows an astonishing rise of over 4800%. Looking at the indicators, with an RSI of 30.63 and a very low Stochastic value, JUP appears to be in a corrective phase after recent significant gains.
Despite the recent price correction, Jupiter's strong performance in the past months hints at potential growth. The next resistance levels at $2.14 and then $2.69 may be tested if buyers return. However, the low Stochastic and MACD close to zero suggest the possibility of further corrections. If JUP breaks below the nearest support at $1.04, it could retest lower supports at $0.49.
Conclusion
In summary, while NEAR, ATOM, UNI, and JUP present some opportunities for growth, their potential in the short term seems limited. The spotlight should be on BlastUP, which has emerged with significantly higher potential. The strength of BlastUP lies in its innovative concept and its integration within the Blast ecosystem. This positions BlastUP as a notable project for those monitoring the crypto space 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
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
