Cryptocurrencies Big Market Players Are Buying This Week

The post Cryptocurrencies Big Market Players Are Buying This Week appeared first on Coinpedia Fintech News

As the bull run of 2024 gains momentum, certain key players are making noteworthy moves within the cryptocurrency market. These market leaders’ investment choices often signal trends, providing valuable insights. This article delves into the specific cryptocurrencies that these influential entities are adding to their portfolios, offering readers crucial information on where significant capital is flowing in the dynamic crypto space.

BlastUP Presale Surpasses $6 Million, Investors Rush to Secure $BLP Before Month’s End

The ongoing BlastUP presale is nearing its conclusion, having already exceeded a critical milestone with over $6 million raised so far. More than 15,000 smart investors have purchased BlastUP tokens ahead of their anticipated price surge.

The presale continues until the end of May, providing an opportunity to enhance your crypto portfolio with BlastUP, an asset expected to deliver explosive returns of up to 1000%. Currently priced at a few cents, BlastUP tokens are projected to reach $10 by year’s end.

BlastUP token holders can enjoy numerous benefits, including participation in an Airdrop, exclusive loyalty rewards for taking part in IDOs, and the ability to earn interest through staking.

BlastUP distinguishes itself in the crypto market. Supported by Blast, the sixth largest blockchain by TVL, it provides real utility as a launchpad for DApp projects. With the motto “Grow faster, earn more,” BlastUP is committed to driving the success of blockchain startups. Early adopters of BlastUP are joining a project set to become a significant player in this bull run.

Toncoin’s Price Momentum and Future Outlook

Toncoin’s price has increased dramatically over the last six months, showing a sharp rise of about 175.90%. Recently, however, there has been a slight dip, with a drop of 6.94% over the past week and a smaller decrease of 1.42% in the past month. Currently, Toncoin is trading between $5.97 and $7.56. The coin is facing its next challenge at the resistance level of $8.18, with further support at $4.99. Toncoin’s movements are corrective, as suggested by indicators such as a near-balanced RSI of 46.04 and a MACD level close to zero. The current price is nestled between the 10-day and 100-day simple moving averages, indicating a potential consolidation phase before any clear trend emerges.

Solana’s Bullish Ride Slows Down Despite Positive Six-Month Trend

Solana (SOL) has seen remarkable growth over the last six months, skyrocketing by 200.28%. In recent weeks, however, the pace has slowed with the coin’s price ranging between $135.95 and $155.10. Over the past month, SOL has climbed 19.66% and 16.88% in the last week. Currently, Solana is moving in a slow pattern, showing neither strong impulsive nor corrective moves. The coin is trading below the short-term average of $169.62, hinting at possible consolidation before the next move. Resistance and support levels to watch are $166.73 and $128.43, respectively.

Polygon Price Movement Analysis: MATIC Struggles for Direction

Polygon’s MATIC is currently experiencing a tight price range between $0.63 and $0.74. Despite small gains of 1.78% over the past week and an increase of 1.93% in the last month, MATIC’s price has decreased by 15.17% over the past six months. The coin is facing resistance at $0.82, with further barriers near $0.93. Support levels are found at $0.59 and, farther down, at $0.48. Indicators like the RSI and Stochastic suggest MATIC is both oversold, hinting at potential buying interest, while MACD levels imply weak momentum in either direction. Simple Moving Averages are close to the current price, indicating uncertainty and possibly corrective price moves.

Render Crypto Price Outlook: Tracking Recent Moves

Render (RNDR) is currently trading between $9.63 and $11.81, experiencing a small dip over the past week with a 7.13% decrease. However, looking at the last month, RNDR shows a strong gain of 28.94%, and an even more impressive 198.23% rise over the last six months. The coin’s movements suggest an overall uptrend, although it is currently going through a short-term correction phase given the recent weekly drop. The current price hovers close to the Simple Moving Average values for 10 and 100 days, indicating possible stability or consolidation in the near term. With a Relative Strength Index at 45.03, RNDR is neither overbought nor oversold, hinting at a balanced momentum without clear signs of impulsive moves at the moment.

Conclusion

Large buyers in the market are picking up several coins. They choose TON, SOL, MATIC, and RNDR, but these might not offer large gains soon. BlastUP stands out. Its unique idea and place in the Blast ecosystem give it more potential to grow. Investors looking at the next big opportunity should consider BlastUP. With the bull run upon us, it’s an attractive option.