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Home»TRADING NEWS»Altcoins are poised to grow amid Bitcoin’s dominance in 2024
TRADING NEWS

Altcoins are poised to grow amid Bitcoin’s dominance in 2024

By Crypto FlexsFebruary 18, 20242 Mins Read
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Altcoins are poised to grow amid Bitcoin’s dominance in 2024
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Despite Bitcoin’s market capitalization reaching a significant milestone of surpassing $1 trillion, altcoins are not left in the shadows. This event signals Bitcoin’s established dominance and does not hinder the potential growth of other cryptocurrencies. In fact, these developments demonstrate the potential for exponential growth for altcoins, which are poised to carve a niche for themselves in the highly competitive cryptocurrency space by 2024. This actually raises positive prospects for digital asset diversification going forward.

BlastUP emerges as a game changer in the DApp launch environment.

BlastUP is a unique launchpad platform based on Blast, the legendary layer 2 blockchain that dominated the headlines with a dizzying start and secured over $1 billion TVL in just one month. The impact of BlastUP could be huge as its innovative solution for launching DApps with a full suite of Web3 and AI tools will be popular with startups.

A pre-sale of BlastUP tokens is underway and investing in them at this point could be like buying Ethereum for a few dollars in 2017. With each new pre-sale phase, the value of BlastUP tokens will increase. The price of the first stage will be set at $0.02 and the listing price will be $0.1. An ROI of 800% sounds really great, so now is the perfect time to purchase BlastUP tokens at an 80% discount.

>> Discover a true game changer: Buy BlastUP tokens now with 80% discount <

BlastUP token holders can enjoy a variety of benefits, from priority token sales to exclusive loyalty rewards from IDOs. Holders can also earn interest by staking their BlastUP tokens and can also benefit from the seed staking feature, which provides free tokens from supported projects.

BlastUP is not just a cryptocurrency project, it has a strong foundation to gain the loyalty of a wide audience. By providing a comprehensive set of tools, this launchpad aims to lower the barrier to entry for blockchain startups and ensure they have everything they need to succeed from day one.

BlastUP’s detailed roadmap runs through 2026 with plans to introduce an AI IDO screener, AI startup team tools, and a community marketplace. BlastUP is gearing up to become the next big thing in the cryptocurrency industry, so you’d better hurry and join the bandwagon before it’s too late.

>> Are you ready to fire? Buy BlastUP tokens now and boost your investment <

Polkadot (DOT) Token Burn Proposal Could Create Bullish Trend Amid Risks

Polkadot’s (DOT) proposal to begin burning its tokens could potentially encourage a bullish trend by reducing overall supply and increasing scarcity. Considering the current price of $7.74, strong buying sentiment could cause DOT to hit the first resistance level of $8.32 and in a favorable market scenario, it might go up to the second resistance level of $9.99. Nonetheless, keeping in mind short-term stochastic sell signals, investors should continue to manage risk and not overlook a potential downside.

At the same time, it is important to recognize the possibility that the market may not react positively to token burns. In case of a bearish reaction, DOT could potentially bounce back towards the first support level at $5.49 and possibly retest the second support level at $4.33. However, longer-term indicators, especially the 10-day and 100-day simple moving averages, all suggest buying action, confirming possible upward momentum. Therefore, despite the short-term risks, Polkadot shows strong long-term potential.

Avalanche’s current price is above its SMA, MACD suggests ‘Buy’ and RSI advises Caution.

Avalanche’s current price of $40.48 remains well above its 10-day SMA of $39.38 and its 100-day SMA of $32.69, reflecting a somewhat optimistic mood. Consistent with this view, MACD recommends a ‘buy’ action with resistance level at $42.01 and the next resistance level at $50.85, potentially marking future price trajectory milestones.

On the other hand, a neutral RSI recommends caution, hinting at potential market pressures. AVAX’s support levels remain prominently at $25.80 and $18.43, while the price itself has changed significantly. However, if a downtrend materializes due to market fluctuations, these levels could be tested and remind investors of the uncertainty inherent in the cryptocurrency market.

conclusion

In conclusion, while other altcoins like Polkadot and Avalanche show growth potential, BlastUP emerges as an altcoin with greater potential thanks to its innovative concept and position in the strong Blast ecosystem. Considering the impressive features, innovations, and strong roadmap presented by BlastUP, this is not just an investment opportunity, but a game changer in the cryptocurrency world and a fair bid to reshape the DApp launch landscape. Nonetheless, as with all cryptocurrency investments, risk management is of utmost importance.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment, or financial advice.

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