Bitcoin (BTC) halving usually triggers a rally in the market, causing other cryptocurrencies to rise. As the anticipated 2024 bull run continues, the focus is shifting to select cryptocurrencies such as Polkadot, Avalanche, NEAR Protocol, and new entrant BlastUP. It is noteworthy that as investment opportunities increase in the developing sector, their potential will also increase.
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BlastUP, in just 35 days quickly Total value of $1 billion It is the leading launchpad of Blast, the latest technology layer 2 solution. BlastUP’s success is also evident; quickly in just a few weeks $4 million collected and attracted the attention of savvy early investors.
BlastUP, “Grow faster, earn more” defends the slogan. The main goal of this launchpad is to lower the barriers to entry for blockchain startups and ensure they are equipped for success from the very beginning.
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BlastUP token holders get access to Airdrops, special rewards on IDOs, and the opportunity to earn interest through staking. special advantages They can benefit.
As BlastUP continues to move forward, the Blast community Creating a global hub that supports early-stage startups continues its determination. BlastUP ensures that all participants in this ecosystem for the benefit is rapidly gaining traction.
BlastUP’s roadmap extends to 2026 and includes AI-powered vehicles and Community Market promises to be introduced, further enriching the capabilities of the ecosystem.
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Bitcoin Halving Expectation and Polkadot Price Forecast Remain Mixed
Polkadot (DOT) saw a decline of approximately 9.74% last week and is currently fluctuating between $7.94 and $9.61. The cryptocurrency has fallen 18.29% over the past month, despite a 128.61% increase in the last six months. Price action has been moving very quickly lately due to the recent sell-off, potentially approaching the nearest support level at $7.18.
Considering DOT’s recent volatility, if the decline continues the price could either rebound to the nearest resistance at $10.52 or drop to the second support level at $5.51. Both bullish and bearish signals are present: the RSI and MACD show some buying momentum, but the overall short-term trend shows weakness. Long-term investors can follow market trends closely and see the current range as an opportunity.
Avalanche Price Analysis and Outlook
Avalanche (AVAX) has seen a lot of movement lately. It dropped by 9.34% last week but saw an increase of 14.88% last month. Looking at the last six months, there is a significant increase of 414.87%. AVAX is currently trading between $44.15 and $54.34. This price action appears to be more corrective in nature as it finds balance after recent gains.
The future looks both promising and challenging for AVAX. It is quite close to the first resistance level at $59.34 and it could move towards the second resistance level at $69.53. However, it is not far above $38.96, the closest support level that could catch any decline. With the 57.75 RSI indicating neither overbought nor oversold conditions, AVAX may continue its uptrend but must remain above current support to maintain the positive outlook.
Current Momentum and Outlook for NEAR Protocol in Anticipation of Bitcoin Halving
NEAR Protocol (NEAR) has gained a significant 590% in the last six months. Last month, the cryptocurrency gained 25.06% in value, but this week it paused and fell slightly by 1.38%. Currently, NEAR is trading between $6.11 and $7.61, moving mostly sideways. Indicators such as the RSI at 64.09 and the high Stochastic value indicate strong buying interest, while the MACD is showing a small increase.
Looking ahead, NEAR Protocol may face challenges in breaking above short-term resistance at $8.30 with a stronger barrier at $9.80. Support levels to watch in the event of a crisis are $5.31 and $3.81. Considering the recent uptrend, NEAR could climb if it maintains momentum and clears resistance levels.
Conclusion
In the context of Bitcoin (BTC)’s recent halving, some altcoins such as DOT, AVAX, and NEAR may see gains. However, their potential for quick profits may be limited compared to a company new to the space. BlastUP, an innovative project within the growing Blast ecosystem, stands out with the promise of significant growth. The new concept behind BlastUP positions it as a prime candidate for a significant upside, becoming a focal point for those looking for high potential in the current bull run.
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