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Dogecoin Whales Shift Their Focus to Layer 2 Projects: Could These Be the Next Big Winners?

Release: 2024/03/18 20:20 Reading: 773

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/65f82de1b9c76a09278ce22c

Bitcoin's price is entering a 'danger zone'. This could have significant impacts on the cryptocurrency market. Concurrently, Dogecoin whales are shifting their focus towards Layer 2 projects. How are these two events linked, and what could it mean for the future of cryptocurrencies? This article explores the potential implications and winners in this rapidly changing landscape.

BlastUP Presale: A Beacon of Predictability in the Volatile Crypto Space

Buying presale tokens may be a good idea, as they are immune to market’s wild swings with their price pinned to a certain level. Predictability is one of the key benefits of presale projects such as BlastUP.

BlastUP is the first launchpad on Blast, the only Layer 2 solution with native yield for ETH and stablecoins. In just a few months of its presale, this platform has already raised over $2 million which speaks much for its wide recognition among savvy investors.

The fifth stage of BlastUP token's presale is underway, offering a decent chance to invest in a promising asset at a low price. Currently, the token’s price is 45.% lower than its future listing price, so now is the most opportune moment to join the presale.

>> Don’t Miss Out! Buy BlastUP Token with a 45.% Discount Before It Is Too Late <<

Those who buy BlastUP tokens at this stage gain exclusive access to an Airdrop distributing a portion of free tokens. Besides, they can get extra rewards through staking and participate in tiered IDO launches.

BlastUP is committed to fostering a robust community with the Blast ecosystem where everyone benefits from mutual growth. With ambitious plans to combine AI and Web3 tools, BlastUP aims to create a truly rewarding and safe environment for smooth DApps launches.

BlastUP is on the rise, fueling crypto startups with a community-first vibe and innovation at its heart. It is quickly becoming the go-to hub in the Blast ecosystem, with big plans through 2026. BlastUP is about to shake up the crypto scene, so get on board before this rocket ship takes off without you!

>> Act Fast! Supply of BlastUP Tokens is Limited - Secure Your Spot in the BlastUP Launch! <<

Optimism Price Analysis: Potential for Growth Amid Market Fluctuations

Considering the current market conditions and incorporating the news, Optimism's current price of $3.42 might experience some fluctuations. The short-term nearest resistance level is pegged at $4.32, showing an opportunity for moderate growth. However, the projected simple moving average for the next 10 days stands at $4.12 banks more on caution reminding us to keep an eye on a possible slide.

Projected long-term changes for Optimism are quite exciting. The platform's upgrades, as stated in the news, present a development that might trigger an upward trend. The second resistance level at $4.95 could potentially be reached, anticipating a significant price increase. Yet, the simple moving average over 100 days indicates a cautionary stance, highlighting a possible dip towards our nearest support level of $2.95. Ultimately, careful market monitoring is advised.

Polygon Price Analysis: Possibility of Short-term Gain despite Struggles

With a current price of $1.06, Polygon's immediate resistance level is at $1.13. The second resistance level lies at $1.27. Despite Polygon's DEX milestone, continued struggles may jeopardize its short-term gain. However, the 10-day SMA indicates a sell, but it's above the 100-day SMA, suggesting a possible upward journey.

Looking at the long-term prospects, there's definite potential. The 100-day SMA suggests a strong buy at $0.92. Also, it‘s beneficial to note that the nearest and second support levels are at $0.82 and $0.63 respectively. Despite neutral RSI and Stochastic RSI fast recommendations, the MACD indicates a sell decision, implying caution. Despite hiccups, Polygon's resilience could aid in stability.

Conclusion

Amid uncertainties plaguing top cryptocurrencies like Bitcoin, Dogecoin whales exploring Layer 2 projects bring fresh hope for the crypto ecosystem. Among these projects, BlastUP stands out due to its compelling concept and integral role in the Blast ecosystem. Meanwhile, other tokens like Optimism and Polygon also offer potential, albeit with less certainty. In an ever-changing market, projects like BlastUP, armed with their community-centric approach and innovative ambition, emerge as pivotal contenders destined to transform the crypto scene.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

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

Telegram: https://t.me/blastup_io

Source: https://thebittimes.com/dogecoin-whales-shift-their-focus-to-layer-2-projects-could-these-be-the-next-big-winners-tbt82827.html

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