Crypto Analysts Agree: More Corrections Expected Before Halving – Optimal Cryptocurrencies for Risk Mitigation

The post Crypto Analysts Agree: More Corrections Expected Before Halving – Optimal Cryptocurrencies for Risk Mitigation appeared first on Coinpedia Fintech News

Bitcoin’s post-halving periods have historically sparked interest, with predictions suggesting prices could surge by 200%, analysts say. This anticipated rise comes amidst a broader expectation of market corrections before the next halving event. Certain cryptocurrencies may shine as secure options in these fluctuating times, offering a balance for those looking to mitigate risks in their digital asset portfolios. Here’s why understanding the dynamics at play is crucial in guiding investment decisions in the lead-up to the Bitcoin halving.

BlastUP Emerges as a Game Changer Raising Over $2 Million in Few Weeks

BlastUP is a unique launchpad platform based on Blast, a legendary Layer 2 blockchain that dominated the headlines with its dizzying start. BlastUP is following in Blast’s footsteps, having raised over $2 million in just a few weeks.

The impact of BlastUP may be huge, as its innovative solutions for launching DApps with a complete suite of Web3 and AI tools are going to be a hit for startups. It provides an extensive set of tools and a rewarding system for everyone joining the platform.

The presale of BlastUP tokens is underway, and investing in them at this point could be like buying Ethereum for a few bucks back in 2017. The price at the fifth stage is set at $0.055, while the price at the listing is going to be $0.1. Now is the perfect time to buy BlastUP tokens at the best price with a 45.% discount.

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Holders of BlastUP tokens get access to many perks from priority token sale to exclusive loyalty rewards in IDOs. They can also earn interest by staking BlastUP tokens and benefit from the seed staking feature, which provides free tokens from supported projects.

BlastUP is not just another crypto project, it has a strong foundation to win the loyalty of a broad audience. This launchpad aims to lower the barriers to entry for blockchain startups, ensuring they have everything to succeed from the outset.

BlastUP’s detailed roadmap runs up to 2026 with plans to introduce an AI IDO screener, AI Startup Team Tools, and the Community Marketplace. BlastUP is gearing up to become the next big thing in the crypto space, so you’d better hurry up and jump on the bandwagon before it is too late.

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Polkadot Trading Analysis: Potential for Growth Despite Current Downtrend Signals

Polkadot is trading at $9.39 with nearby resistance at $9.26 and next up at $10.25, showing potential for growth if momentum picks up. The RSI and Stochastic indicators are neutral, suggesting no strong trend. However, cautious optimism is warranted as the longer-term 100-day simple moving average signals at $8.02 could indicate a steady climb over time if the project continues to develop and attract investment.

On the flip side, the current price is just above the nearest support level at $6.91, with a further fall back to $5.55 possible if negative sentiment takes over. The MACD indicates a sell, and the 10-day simple moving average priced at $10.18 also suggests a recent downtrend. Short-term traders might consider these signals as a sign of potential downward pressure in the near future, emphasizing a watchful approach.

Polygon MATIC: Assessing Price Resistance and SMA

Polygon’s recent achievement in decentralized exchanges is a sign of its growing ecosystem. Yet, MATIC, its native token, sits at $1.00, with an upcoming resistance at $1.13. If it breaks past this point, we might see a move towards the second resistance at $1.27, giving bullish traders a goal. The 100-day simple moving average (SMA) at $0.92 suggests underlying strength, potentially supporting a steady climb in price over time.

Despite the good news, we must consider that MATIC is currently advised to sell based on the 10-day SMA of $1.09 and the Moving Average Convergence Divergence (MACD). The nearest support lies at $0.82 and if pressure mounts, the price could drop to the second support at $0.63. These levels are crucial for maintaining optimism and equally important for investors to be cautious of a potential downward trend.

Cardano’s New Stablecoin Impact on ADA Price

Cardano recently introduced a new stablecoin, which could potentially attract more users and increase demand for ADA, its native cryptocurrency. If the market responds favorably, ADA’s current price of $0.63 could begin to approach the nearest resistance level at $0.75. With a supportive trend, we might even see ADA targeting the second resistance level at $0.85, especially if the market sentiment improves and the integration of the stablecoin provides a tangible benefit to the Cardano ecosystem. However, with indicators such as the MACD suggesting a sell action, and the 10-day Simple Moving Average (SMA) at $0.68 also signaling sell, ADA price might need to consolidate before making such a move.

Looking at the support levels, ADA has its nearest support at $0.52, with a further possible fallback to $0.38. Current indicators provide a mixed picture. While the 100-day Simple Moving Average is $0.59 and suggests a buying action, the overall neutral stance from both the RSI and Stochastic RSI means that we might not see immediate movement. If the stablecoin does not perform as expected or if the broader crypto market faces downward pressure, these support levels could be tested. In the long term, the success of the new stablecoin on Cardano’s platform could be a crucial factor in ADA’s price performance, potentially providing a catalyst for growth if it brings stability and utility to the network.

Conclusion

In conclusion, BlastUP’s potential shines brightest in the ecosystem, with its robust foundation and ambitious plans signalling a future teeming with possibilities. While other tokens like Polkadot, Polygon’s MATIC, and Cardano’s ADA also demonstrate room for growth, each with their own burgeoning advancements, they seemingly stand a pace behind the impact BlastUP promises. The combination of BlastUP’s sound concept and its integration within the Blast ecosystem positions it as a standout for investors seeking promising opportunities in the dynamic crypto realm.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io