3 coins to keep eye on this week: Jupiter (JUP), Optimism (OP) and BlastUP (BLP)

Last Updated:
3 coins to keep eye on this week: Jupiter (JUP), Optimism (OP) and BlastUP (BLP) Press Release

A prominent analyst forecasts Ethereum could reach $10,000 at cycle’s peak. This bullish sentiment on digital assets opens an intriguing conversation about other cryptocurrencies that might surge significantly. In fact, we shed light on Jupiter (JUP), Optimism (OP), and BlastUP (BLP) which are promising coins, their potential growth can make them real game-changers in the crypto market.

BlastUP Presale Exceeds $1 Million: Anticipating the Next Big Thing in Crypto

BlastUP, the premier launchpad on Blast, has recently made a splash in the crypto world with its head-spinning outset, raising  over $1 million in a few weeks. This project is creating a buzz and attracting the growing number of early investors who have already recognized BlastUP’s high potential.

BlastUP is poised to reach roaring success, with plans to empower Web3 tools with AI innovation for fast and quality startup launches. It offers a comprehensive suite of tools and a rich rewards system for all those coming on board.

Currently, BlastUP is running its fourth presale stage, offering BlastUP tokens at the lowest price. Buying these tokens now at $0.05, you get a hefty discount of $0.05, as the listing price is set at $0.1.

>> Be Among the FIRST! Get the Exclusive Perks From BlastUP Presale <<

Holders of BlastUP tokens may benefit from a number of privileges including allocations for token sales, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.

Following a simple mission to help blockchain startups grow faster and earn more, BlastUP is on its way to becoming a dominant force. The team of dedicated crypto enthusiasts behind the project are deeply committed to their vision and have ambitious plans to become a one-of-a-kind launchpad for easy and efficient blast off in the crypto space.

The comprehensive roadmap of BlastUP extends through 2026, outlining plans to launch an AI IDO screener, develop AI tools tailored for startup teams, and set up the Community Marketplace.

>> Join BlastUP Presale NOW to Unlock Early Benefits <<

Jupiter’s Upward Trend indicates Potential Growth, but Overbuying Risk Remains

Jupiter’s current price sits at $0.78, not far off the nearest resistance level of $0.68, suggesting a bullish momentum. The MACD and the 10-days Simple Moving Average also align with this upward trend. Embracing the new changes may lead to anticipated new highs near the second resistance level at $0.81.

On the flip side, the RSI indicates a “Sell” signal which can’t be ignored, indicating the asset might be overbought, hinting towards a potential price correction. Additionally, support levels signify possible price targets should a downturn occur. The nearest support level stands at $0.42 and, in a worst-case scenario, a significant dip could see Jupiter’s price at the second support level of $0.30. These factors might pose both short-term and long-term risks to Jupiter’s price.

Optimism’s Price Performance Shows Potential; Vigilance for Volatility Still Needed

Optimism’s recent performance bodes well, with the current price of $4.58 sitting comfortably above both the 10-day and 100-day simple moving averages of $4.39 and $3.31 respectively. The momentum indicators, MACD and simple moving averages, suggest potential for further gains. There may be wind in the sails for a climb towards the nearest resistance level of $4.32 and even the second resistance level of $4.95.

While the present is positive, it’s wise to keep a holistic view. The current price is significantly higher than the closest support level of $2.95, let alone the second support level of $2.20. This could hint at a significant drop if the market turns bearish. Neutral signals from the RSI and Stochastic RSI elicit a need for vigilance despite the current bullish outlook. In the face of market volatility, potential drifts towards these support levels are not to be ignored.

Conclusion

While Jupiter and Optimism demonstrate potential for growth, their promising performances come with a need for watchfulness against market volatility. In comparison, BlastUP, with its concept of empowering Web3 tools with AI, seems to hold the highest potential. Its successful presale and the promise of the Blast ecosystem underline this potential. Clearly, this list of rising crypto stars may rank BlastUP as a frontrunner, even as its quality embarks on becoming a major force in the crypto space.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

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

Telegram: https://t.me/blastup_io

Disclaimer: The information presented in this article is part of a sponsored/press release/paid content, intended solely for promotional purposes. Readers are advised to exercise caution and conduct their own research before taking any action related to the content on this page or the company. Coin Edition is not responsible for any losses or damages incurred as a result of or in connection with the utilization of content, products, or services mentioned.