The post Top Cryptocurrencies To Watch This Week appeared first on Coinpedia Fintech News
Bitcoin’s halving event has everyone buzzing about a big jump in crypto prices. Some are even saying we could see Bitcoin hit a massive $200,000. This excitement isn’t just about Bitcoin, though. There are other digital coins that might make moves soon. With eyes on how the market shifts, it’s a good time to focus on the cryptos that could stand out in the days ahead.
BlastUP Goes Viral, Raising $3 Million in Just One Month
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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 Price Analysis and Growth Potential
NEAR Protocol’s current price of $6.89 suggests room for growth to its nearest resistance at $9.66. If bullish sentiment pushes the price past that point, aiming for the second resistance at $12.01 might come into play. The 10-day moving average stands at $7.13, indicating recent stability. Sustained interest and adoption could see NEAR maintain an upward trajectory, potentially making these resistance levels prime targets in the mid-term.
However, with the 100-day moving average at $4.35 not far below the current price, any broader market downturn could see NEAR slip towards this level, and possibly to the nearest support at $4.29. Should bearish pressure intensify, the second support level at $1.29 represents a significant downside risk. Investors must weigh the potential for both advances and pullbacks in strategizing their positions in NEAR Protocol.
JTO Nears Resistance, Could Hit $5.47 If Upward Trend Holds
JTO’s current momentum with a price at $4.31 suggests it might soon test the nearest resistance level of $4.78. If the positive sentiment holds, there’s potential for moving even higher towards the second resistance at $5.47. The market’s growing confidence, mirrored in the rise above the 10-day and 100-day moving averages at $3.31 and $2.40 respectively, supports this upward trajectory. However, should the trend reverse, the price may find a cushion at the immediate support level of $2.77 to regroup before another ascent.
On the other side, any negative developments could push JTO to retreat towards the second support level at $1.44, especially if it breaches the nearest support. This pullback, while potentially alarming in the short term, could also offer a buying opportunity for those betting on JTO’s long-term prospects. In the bigger picture, stability above the 100-day average provides a reassurance that the long-term trend may remain positive, balancing the scales between caution and optimism.
Avalanche Price Potential and Volatility Risks
Avalanche has room to grow, considering it’s currently priced at $51.89, below the 10-day average of $54.35. If the momentum picks up, aiming for the first resistance at $67.85 isn’t far-fetched. A sustained positive trend could even see us challenge the $81.59 level. However, remember we have solid backing at the 100-day average of $41.62, which should provide some cushion if things turn south.
In the shorter term, Avalanche carries risks with the price hovering near $51.89, indicating volatility. If pressure mounts, the asset could slip towards the nearest support at $37.89, or, in a more severe downturn, to the second support level at $21.67. But, an upward shift supported by consistent buying could see a comfortable hold above the 100-day average, solidifying investor confidence for a gradual climb.
Conclusion
In conclusion, amid the week’s standout prospects, BlastUP captures the spotlight, holding the highest potential within its thriving ecosystem. While NEAR Protocol, JTO, and Avalanche each showcase promise with certain growth prospects and points of resistance to consider, it’s BlastUp’s innovative concept within the robust Blast network that sets it apart. Investors are encouraged to keep a watchful eye on these contenders, yet it seems BlastUP’s blend of novelty and ecosystem strength positions it as the frontrunner in the race for market impact.
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