With the bull run of 2024 in motion, catching the right cryptocurrencies can be key to maximizing gains. Many are eager to learn which coins experts are adding to their portfolios this week. This article provides insight into the cryptocurrencies that seasoned investors are targeting right now, offering readers a chance to understand the current market favorites.
What you'll learn 👉
BlastUP Token Projected to Soar 1000% By Year’s End
BlastUP has been getting a lot of attention lately thanks to its high potential to become a major force in the crypto industry. This pioneering launchpad on Blast has already attracted over 12,000 active users.
The ongoing presale of BlastUP is a huge success, with over $5 million raised so far. The BlastUP token is considered by crypto experts as a hidden crypto gem that can skyrocket 1000% by the end of this year.
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BlastUP helps crypto startups grow faster and earn more. As BlastUP forges ahead, it remains committed to creating a global hub for the Blast community. BlastUP is rapidly gaining traction for the benefit of all participants in this ecosystem.
BlastUP’s roadmap extends into 2026, promising the introduction of AI-driven tools and the Community Marketplace, further enriching the ecosystem’s capabilities.
The BlastUP token, a cornerstone of the platform, unlocks access to tiered IDO launches, staking rewards, and exclusive loyalty benefits.
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Mantle (MNT) Gains Momentum: Will It Last?
Mantle (MNT) is currently trading between $0.92 and $1.15, showing a remarkable rise of 163.18% over the past six months. In the past week, the price has edged up by 1.70%, although it has dropped by 19.83% in the last month. This points to a strong but volatile performance. With the Relative Strength Index (RSI) at a high 74.05 and the Stochastic indicator at 91.87, the MNT price appears to be in an overbought condition, suggesting that the current upward movement could be due for a correction soon. The existing price is wrestling with the closest resistance level of $1.23, aiming for the secondary target of $1.45, while the support levels are at $0.78 and $0.56. The movement seems impulsive, but traders should watch for signs of a corrective pullback.
Uniswap (UNI) Sees Volatile Market Movements
Uniswap’s price has been on a rollercoaster, currently moving between $6.81 and $8.15. Over the past week, it went up by 1.33%, which shows some gaining momentum. Still, in the last month, it dropped by -27.31%, suggesting strong selling pressure. Nevertheless, looking at the past six months, UNI has jumped by 60.76%. The movement appears impulsive with fast price changes. A high Relative Strength Index (RSI) of 77.67 hints UNI might be overbought, while a high Stochastic reading agrees, suggesting a potential pullback could be near. The Moving Average Convergence Divergence (MACD) at 0.09 shows a small bullish trend. The nearest challenge for the price is at $8.68, while support lies at $6.01. If the momentum continues, we might see an attempt to break the $8.68 level.
Render (RNDR) Sees Notable Growth
Render is moving with strong momentum. It’s currently sitting between $7.83 and $10.96, showing a clear uptrend. Over the last week, the coin’s value surged by nearly 23%. Looking at the past month, it rose by 6.64%, and over the last six months, we saw an impressive growth of over 320%. The coin is currently experiencing impulsive movements, causing steady gains in value. With the nearest resistance level at $12.05 and support at $5.79, Render shows a bullish trend.
Optimism Price Momentum and Future Outlook
Optimism (OP) has seen a sharp increase over the past six months, with its price rising by 96.77%. Currently trading between $2.44 and $3.20, Optimism faces its next resistance at $3.51. If the upbeat trend continues, we may see the price challenge this level. On the downside, $1.98 could provide support if a pullback occurs. The indicators hint at a strong movement; the RSI stands at 61.35, suggesting that Optimism is neither overbought nor oversold. The week-on-week gains of 12.88% show an impulsive move upward, which might carry on if the buying pressure remains consistent.
Conclusion
In summary, the cryptocurrencies MNT, UNI, RNDR, and OP show potential but may not yield high returns immediately. A keen eye might, however, want to monitor BlastUP closely. The project stands out due to its innovative concept within the growing Blast ecosystem, signaling high growth prospects for investors looking at the current bull run.
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