Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
L2 cryptos to the moon next? How far will prices go?
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Bitcoin’s value may soar to new heights following its next halving event, with predictions reaching as high as $200,000. This major upswing hints at a possible trend where Layer 2 cryptocurrencies could follow in Bitcoin’s footsteps. As investors and enthusiasts look toward these faster and more efficient networks, questions about the potential gains become more pressing. Our in-depth analysis explores just how high Layer 2 crypto assets might climb in this evolving digital currency landscape.
BlastUP Presale Hits $2.5 Million: Anticipating the Next Big Thing in Crypto
BlastUP, the premier launchpad on Blast, has recently made a splash in the crypto world with its head-spinning debut, raising $2.5 million in a few weeks. The number of early investors who have already recognized BlastUP’s high potential is growing exponentially.
BlastUP is poised to reach roaring success, with plans to empower Web3 tools with AI innovation for fast and quality startup launches. It offers a comprehensive suite of tools and a rich rewards system for all those coming on board.
Currently, BlastUP is running its fourth presale stage, offering BlastUP tokens at the lowest price. Buying these tokens now at $0.055, you get a hefty discount of 45.%, as the listing price is set at $0.1.
>> Be Among the FIRST! Get the Exclusive Perks From BlastUP Presale <<
Holders of BlastUP tokens may benefit from a number of privileges including allocations for token sales, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.
Following a simple mission to help blockchain startups grow faster and earn more, BlastUP is on its way to becoming a dominant force. The team of dedicated crypto enthusiasts behind the project are deeply committed to their vision and have ambitious plans to become a one-of-a-kind launchpad for easy and efficient blast off in the crypto space.
The comprehensive roadmap of BlastUP extends through 2026, outlining plans to launch an AI IDO screener, develop AI tools tailored for startup teams, and set up the Community Marketplace.
>> Join BlastUP Presale NOW to Unlock Early Benefits <<
Polygon’s Strong Growth Trend Amid Potential Risks
The recent rise of 7% in one month and a large jump of 106.86% in six months for Polygon shows a strong upward trend. The price has moved past the 10-day average of $1.01 and holds above the 100-day average at $0.93, suggesting the current price of $1.06 has potential to push towards the nearest resistance at $1.13. If this momentum continues, reaching the second resistance level of $1.27 might be possible, presenting a favorable outlook for buyers looking for growth.
Despite this positive uptick, the all-time high remains a significant leap from the current level, hinting at long-term challenges. The sell signal from the MACD also warns of possible short-term setbacks. Support levels at $0.82 and $0.63 provide areas where the price could stabilize if declines occur, but slipping below these might signal a larger downturn. This indicates a need for caution among investors, who should be prepared for both advancements and pullbacks in Polygon’s price.
Optimism’s Growth Nears Historic Peak Amid Risks
The recent months have shown promising growth for Optimism’s price, rising from $1.29 to its current rate of $3.82. That’s a significant surge, suggesting a strong upward trend. Looking at the historical peak of $4.86, the current price is not too far off. There could be potential to reach and even surpass the all-time high, especially if the momentum keeps up. Considering the one-month increase of 8.88%, buyers seem confident. The price could climb towards the nearest resistance level at $4.32 or even aim for the second resistance level at $4.95.
On the flip side, while the six-month growth has been nearly 197%, such rapid increases can also mean higher risks of pullbacks. Prices don’t just go up; they can fall too. The Optimism market may experience short-term challenges, possibly testing the nearest support level at $2.95 or even the second support level at $2.20. The 10-day and 100-day Simple Moving Averages are close, both around $3.52 to $3.54, indicating a stabilization that could be delicate. Investors should be ready for movement on either side.
Mantle’s Growth and Price Projections Analysis
Mantle has shown remarkable growth over the past six months, increasing by 121.11%. With a current price at $0.86 and support levels at $0.63 and $0.37, buyers might find these points attractive for entry, which could drive the price up towards the resistance levels of $1.08 and $1.27. Short-term movements could circulate around the 10-day average of $0.83, but holding above this could suggest a bullish trend. In the long run, if Mantle continues this trajectory, breaking past the second resistance could lead to a new high, following its steady climb.
However, from a more cautious standpoint, one must consider that what goes up can also go down. While the six-month performance has been strong, short-term retracements are common. Mantle’s price hovering close to $0.86, which is just above the 10-day average of $0.83 and not far from the 100-day average of $0.74, might see a pullback if it fails to maintain its current level. Long-term prospects depend on sustaining momentum and avoiding breaks below support levels that could trigger a downside movement, possibly towards the $0.63 or even the $0.37 mark.
Conclusion
In conclusion, while other Layer 2 cryptos like Polygon, Optimism, and Mantle show significant growth and carry promising outlooks for investors, they also come with their unique sets of risks and challenges. However, it is BlastUP that has emerged with the highest potential for growth within the Blast ecosystem. With its innovative integration of Web3 and AI technology and a robust roadmap extending to 2026, BlastUP stands out not only for its concept but also for its strategic position in the market. As more investors flock to take advantage of the presale benefits, the future looks particularly bright for this dynamic project.
Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
Discord: https://discord.gg/5Kc3nDhqVW
Telegram: https://t.me/blastup_io
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Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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