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    Home - News - Market Slump Will End Soon, so Analysts Predict ‘Green August’ for Altcoins
    News

    Market Slump Will End Soon, so Analysts Predict ‘Green August’ for Altcoins

    Praveen JadhavBy Praveen JadhavJuly 30, 2024Updated:July 30, 20244 Mins Read
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    Market Slump Will End Soon, so Analysts Predict 'Green August' for Altcoins
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    The recent downturn in the cryptocurrency market might not be a cause for concern. Analysts predict a strong comeback for altcoins in the coming month. This piece will uncover the digital currencies poised for a rally. Get ready to discover which tokens are set to shine amid the anticipated market recovery.

    BlastUP Releases Blastbox V2: a Treasure Trove Full of Perks

    Fresh off raising $8 million in its presale, BlastUP, the top launchpad on Blast, introduces another opportunity to get $BLASTUP tokens at the presale price with the launch of Blastbox V2. This loot box is a treasure chest brimming with perks, including $BLASTUP tokens and Booster Points. Buying BLASTUP tokens ahead of TGE offers a chance to make a smart investment, as experts are predicting potential returns of up to 1000%.

    Blastbox V2 offers more than just valuable assets; it’s a gateway to exclusive privileges on BlastUP. Owners enjoy benefits such as NFT and token airdrops, membership in the BlastUP Club, and priority access to IDOs.

    Discover the Full Potential of Blastbox V2

    Obtaining Blastbox V2 is your last chance to secure early access to BlastUP at the best price. This launchpad is rapidly emerging as a powerhouse in the Blast blockchain, already making waves with four successful IDOs.

    If you are still searching for the next big crypto treasure, look no further. With only 9999 Blastboxes V2 available at launch and packed with unmatched utility, these rare loot boxes are poised to fly off the shelves.

    Grab Your Blastbox V2 Now, Before They’re All Gone!

    Toncoin (TON) Struggles but Shows Potential for Growth

    Toncoin (TON) is currently trading between $6.31 and $7.07, reflecting a recent dip. The bulls seem weak as the coin lost over 4% in the past week and 12% over the past month. However, it has grown an impressive 221% in the past six months. With a Relative Strength Index of about 53, the coin is neither overbought nor oversold, hinting at possible stability. If it breaks the nearest resistance at $7.52, it may rise to the next level at $8.28, which would be an 18% increase from the current top end of its range. Watch for support around $6.01 to gauge the strength of the bears.

    Ondo’s Price Struggles: Are The Bulls Losing Ground?

    Ondo (ONDO) is trading between 90 cents and $1.09. The coin recently dropped by 4% over the last week and about 11% over the past month. Although it soared by over 350% in the last six months, the bulls are losing momentum with the current price below both the 10-day and 100-day simple moving averages. The Relative Strength Index (RSI) sits around 48.5, indicating a neutral market. If bullish forces regain control, the coin could break the $1.19 resistance and aim for $1.38, which would mean a surge of over 25% from its current lower range.

    Starknet (STRK) Shows Signs of Weakness as Bulls Struggle

    Starknet’s (STRK) price is wavering between $0.46 and $0.62, indicating that bears are currently stronger. The nearest resistance is at $0.71, while support sits at $0.40. With a Relative Strength Index (RSI) of 42.04 and a 10-day moving average close to the 100-day, the coin faces challenges in momentum. Recent price drops, including a 10% decrease over the last week and almost 21% in the past month, paint a bearish picture. However, with a 6-month gain of over 150%, there is still potential for long-term growth. If bullish momentum picks up, STRK could rise to the next resistance level, showing a potential increase of approximately 40%.

    Uniswap (UNI) Price Struggle: Bears in Control but Growth Potential Remains

    Uniswap’s (UNI) current price is hovering between $7 and $8, with the nearest resistance at $8.69. With recent drops of nearly 3% over the past week and more than 14% in the last month, bears seem to be dominating. However, the coin has shown resilience over six months with an increase of over 26%. If UNI can surpass the $8.69 resistance, it could aim for the next level at $9.80, marking a potential growth of around 25%. Amidst this, eyes should be on the $6.46 support level which, if breached, could lead UNI to test the $5 range.

    Conclusion

    TON, ONDO, STRK, and UNI have less potential in the short term compared to other projects. Their growth may be limited due to current market factors. However, BLASTUP stands out with the highest potential. This project is promising because of its strong concept and its inclusion in the Blast ecosystem. The combination of these elements positions BLASTUP as a top choice for investors looking for significant gains.

    Site: https://blastup.io/

    Twitter: https://twitter.com/Blastup_io

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

    Telegram: https://t.me/blastup_io

    Also Read: Invest in the Next DOGE: Affordable and Bullish Memecoins to Make You Rich

    Disclaimer and Risk Warning

    This article is a sponsored press release meant solely for informational purposes. OvenAdd neither endorses nor takes responsibility for the content, quality, products, advertising, or accuracy of any materials within this article. The views expressed do not represent those of OvenAdd and should not be considered legal, tax, investment, or financial advice. Readers are advised to conduct their own research before making any significant decisions.

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    Praveen Jadhav
    • Website
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    Praveen got into the world of cryptocurrency in 2017 by trading and investing. With a wealth of experience managing various crypto-related projects, Praveen is deeply passionate about all aspects of cryptocurrency, blockchain, Metaverse, and NFTs.

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