Experts Suggest This New Altcoins Instead of Investing In Solana

The post Experts Suggest This New Altcoins Instead of Investing In Solana appeared first on Coinpedia Fintech News

The rapidly growing interest in Bitcoin ETFs has led to a record-breaking weekly inflow into crypto funds. As increasing amounts of capital flood into the market, experts are shifting focus to compelling opportunities offered by new altcoins. While recent trends suggest feast-or-famine returns in popular options like Solana, industry insiders propose a more diversified approach may yield better results. This exploration shines a spotlight on the potential of unexplored altcoins as a strategic investment alternative.

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Arbitrum’s rally in a weekly transaction volume past Ethereum signals potential growth for the altcoin, which may catalyze notable price increases. The current price at $1.98 is below both resistance levels, namely $2.28 and $2.80, but with a bullish MACD sign indicating buying wave, prices could surge. For a long-term perspective, the Simple Moving Average at 100-days is at $1.54, which also recommends a buy action; implying a strong foundation for growth.

The longer-term perspective is less optimistic. The Simple Moving Average 10-days rests at $2.03, suggesting a selling sentiment. With both the RSI and Stochastic actions remaining neutral, it would be prudent to consider potential short-term fluctuations. The support levels of $1.37 and $0.98 should not be dismissed lightly. While the news of Arbitrum’s progress is positive, it’s crucial to keep an eye on these resistance and support points to better anticipate potential corrections.

SEI’s venture into decentralized AI carries immense potential for growth. With resistance levels set at $0.96 and $1.27, there’s already upward momentum indicated by the MACD and Simple Moving Averages over the last 10 and 100 days. A surge towards those levels in the short term, on the announcement of this news, could be followed by consolidation.

On the flip side, while the market is buzzing with the possibility of increased activity spurred by AI integration, the inherent volatility of the crypto market and current neutral RSI could lead to a bearish trend. A retraction could see the asset test the support levels at $0.45 and subsequently, the $0.25 mark, especially if the market views this development with skepticism.

While other altcoins like Arbitrum and SEI hold promise in the fluctuating crypto market, it’s BlastUP that is showing the highest potential. Its innovative concept and state-of-the-art features have captured the interest of investors and tech enthusiasts. As part of the thriving Blast ecosystem, the BlastUP project could become a game-changer, offering engaging community contributions. Look beyond the beaten path and consider BlastUP, a new alternative that could revolutionize your crypto investment strategy.

Site: https://blastup.io/ 
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