Altcoins That Can Win Bull Race Started By ETH ETF Approval

Altcoins That Can Win Bull Race Started By ETH ETF Approval

The post Altcoins That Can Win Bull Race Started By ETH ETF Approval appeared first on Coinpedia Fintech News

With the market heating up, the possible approval of an ETH exchange-traded fund (ETF) has sent positive ripples through the crypto space. As this new development unfolds, several cryptocurrencies are poised to possibly surge ahead. This article will examine three alternative coins that appear to be strong contenders to harness the energy of this market momentum and could potentially outperform their peers in this race of gains.

Continued Success of the BlastUP Presale with Up to 1000% Potential ROI

BlastUP is currently in the spotlight, with its significant potential to revolutionize the cryptocurrency industry. This innovative launchpad on the Blast platform has successfully engaged over 15,000 active users.

The presale of BlastUP tokens is proving to be exceptionally successful, with more than $6 million already raised. Experts in the cryptocurrency field consider the BlastUP token a promising investment, anticipating a potential increase in value of up to 1000% by the end of this year.

Limited Supply of BlastUP Tokens

BlastUP is committed to supporting the rapid growth and increased profitability of crypto startups. As the platform continues to expand, it strives to establish itself as a central hub for the global Blast community, enhancing the overall benefits for everyone involved in this vibrant ecosystem.

Looking ahead, the project’s roadmap through 2026 includes the introduction of AI-driven tools and a Community Marketplace, which are set to greatly enhance the functionality and reach of the ecosystem.

At the heart of the platform, the BlastUP token offers key benefits such as access to tiered Initial DEX Offerings (IDOs), staking rewards, and exclusive loyalty perks.

NEAR Protocol (NEAR) Price Momentum and Forecast

NEAR Protocol has seen a remarkable price increase of 331.78% over the past 6 months. Currently, NEAR is trading between $6.71 and $8.68. In the short term, the coin experienced an 11.01% rise last week and a 21.11% gain over the past month. Indicators suggest the price is in a corrective phase, with the RSI around 43, pointing to neither overbought nor oversold conditions.

The next key levels to watch are the support at $5.65 and resistance at $9.59. If NEAR can maintain its current momentum, it might test the resistance level, but breaking past it would require significant buying pressure.

Gnosis (GNO) Price Movement and Forecast

Gnosis has been seeing varied market activities with its price currently sitting between $267.97 and $318.25. Over the past week, GNO’s value increased by 19.22%. However, the monthly view shows a 9.88% decline. Looking at the bigger picture, the past six months have been favourable for Gnosis, which appreciated by 64.67%.

The market shows the next resistance level at $341.76, while support might be found at $241.2. The indicators suggest the price is moving in corrective waves, given the crypto’s RSI is below the midpoint at 32.58, and the Stochastic hints at a potential oversold condition with a value of 8.57. Gnosis’ short-term 10-day average is above the 100-day average, which might indicate a momentary bullish trend.

However, the MACD level at -3.15 suggests a possible momentum loss or a bearish move. The market seems cautious, and upcoming price action will determine if Gnosis can break through the resistance or if it will retreat to lower support levels.

Arbitrum Price Analysis: Fluctuating With Volatility

Arbitrum (ARB) has seen some volatility with its price moving between $0.91 and $1.06 recently. In the past week, the coin jumped by 19.51%, showing strong upward movement, but the past month tells a different story with a 6.05% decrease.

Over six months, the coin has gained 9.95%. ARB’s moves look impulsive with the price below the 10-day average of $1.16 but still above the 100-day average of $1.07, suggesting mixed signals. The RSI at 35.48 indicates the coin isn’t overbought or oversold, and with the MACD level around the zero line, it shows the price is stabilizing after recent moves. Resistance and support levels are at $1.14/$1.29 and $0.84/$0.69, respectively.

Toncoin Price Movements and Future Predictions

Toncoin currently sits between $5.84 and $7.07. Over the past week, the price dropped by about 9%, but looking back a month ago, it gained a slight 1.53%. If you go back six months, Toncoin made a huge jump of 157%. Prices seem to be correcting after a big rise, as shown by the RSI below 40 indicating it’s not yet oversold, and the MACD below zero. The nearest support level is at $5.42, which might be where the price could head next if it continues to fall. If it turns around, the closest resistance it might hit is at $7.88. The moving averages suggest it’s in a slight downtrend.

Conclusion

In conclusion, while NEAR, GNO, ARB, and TON show promise for the bull run, they offer less potential in the short term. The project to focus on is BlastUP, which is set to outperform others in the near future. This is due to a strong concept and its association with the Blast ecosystem. Investors looking for growth opportunities might find BlastUP particularly compelling given the current market conditions.