When the market is gripped by fear, some players see opportunity. These big investors, often called whales, are making moves to gather certain cryptocurrencies. With the onset of a market uptick in 2024, the actions of these whales become a hot topic. Their choices could signal what they expect to thrive in the coming months and years. The article explores what they are buying and their potential motives.
BlastUP Goes Viral, Raising $4.7 Million in a Few Weeks
BlastUP, the premier launchpad on Blast, has recently made waves in the crypto world with its stunning debut, raising $4.7 million in just a few weeks. Many smart investors are rushing to buy BlastUP tokens before their value skyrockets.
Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop , exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.
BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.
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A Snapshot of Sei Crypto Price Movement
SEI’s price has seen a lot of movement lately. Over the last week, it dropped by nearly 20%. In a month, the price fell by over 35%. But looking back six months, it’s up an impressive 413%. Right now, SEI is trading between $0.39 and $0.73. The numbers suggest that the price is moving more in a corrective direction after recent gains.
Looking ahead for SEI, it’s a mix of good and bad signs. The price is sitting close to both a short-term and long-term average of $0.51, showing some stability. The RSI suggests SEI isn’t overbought or oversold. But, it must break past a tough spot at $0.91 to climb higher. If it falls, $0.24 could provide a safety net. Future prices depend on many things, so it could move up or down from here.
MATIC Price Fluctuations and Trend Analysis
The price of Polygon’s MATIC has shown a downward trend in the short term, with a drop of 24.48% in the past week and 28.94% over the last month. However, it has managed to increase by 15.71% in the past six months. The current price range is from $0.55 to $0.91, and it seems to be more on a corrective path as opposed to impulsive moves.
Considering the current market position, MATIC could potentially rebound towards the nearest resistance at $1.11, especially if the wider crypto market improves. On the flip side, if the market remains bearish, MATIC might face a decline aiming for the support at $0.39. The coin’s recovery is uncertain due to mixed signals: the Simple Moving Averages suggest a neutral trend but with a slight bearish inclination in the very short term.
Conclusion
Large crypto buyers are choosing certain cryptocurrencies in a current market downturn. They focus on those that might do well in the long term. SEI and MATIC might not jump in value quickly. But BlastUP stands out. This coin could grow a lot. It has a smart design and is part of the Blast group of projects. This could make it very successful soon.
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