Analyst: Dogwifhat, BlastUP, Solana, Avalanche, to surge in 2024

The same expert who forecasted the unexpected surge in dogwifhat (WIF) is now pinpointing BlastUP and two other cryptocurrencies for notable growth. 

The focus is on Solana, Avalanche, and BlastUP as the new year unfolds. With a bullish market trend underway, the potential for these tokens has become a hot topic.

BlastUP presale: The first launchpad in the Blast ecosystem is live!

BlastUP is a launchpad operating on Blast, a layer-2 blockchain that has achieved the $1 billion TVL within just 35 days. BlastUP itself has raised $4 million in a short span, drawing interest from early investors.

The launchpad aims to lower entry barriers for blockchain startups, providing them with the tools and support needed for a strong start. 

The BlastUP token plays a vital role in the platform, unlocking tiered IDO launches, staking rewards, loyalty benefits, and an Airdrop.

BlastUP strives to establish itself as a global centre for the Blast community, nurturing early-stage startups and contributing to the ecosystem’s overall growth.

With a roadmap stretching into 2026, BlastUP anticipates introducing AI-enhanced tools and a Community Marketplace, aiming to broaden the ecosystem’s functionalities. 

Solana’s current trends and potential upside

Solana has been fluctuating between $187.3 and $210.62 recently. Looking at the price change over the last week, SOL dipped by 1.77%, suggesting a slight downward movement. However, on a monthly view, it jumped by 37.25%, and an impressive 681% over the past six months. Despite a recent pullback, the long-term trend looks strong. The current price action seems more corrective than impulsive.

Considering SOL’s performance, the growth potential exists, with the next resistance level at $218.61. If Solana breaks above this, it could aim for the second resistance at $241.93. However, the RSI and Stochastic indicate that momentum isn’t overpowering right now. If Solana were to drop, it might find support at $171.97, with a further safety net at $148.65.

Avalanche’s price volatility and growth prospects

Avalanche sees fluctuation in a week, down over 14%. However, monthly growth is positive at around 7.5%. In the past six months, AVAX has impressively tripled in value. The cryptocurrency currently falls between $51.34 and $58.12, closer to its support level of $48.57, suggesting a potentially corrective move after recent gains.

Predicting AVAX price requires balance. Optimists note the strong six-month performance and growth potential, implying a rebound past the $62.13 resistance could occur. Pessimists point to indicators like the MACD at 0.04, signalling a possible cooling down. AVAX faces tests at key support and resistance levels, which could determine its short-term trajectory.

The analyst who correctly foresaw the rise of WIF views Solana and Avalanche as bearing potential for growth in the coming year. However, they are expected to experience modest gains in the short term. The focus turns to BlastUP, part of the Blast ecosystem, whose innovative concept positions it favourably for significant progression during the bull run.

To learn more about this project, visit the BlastUP presale website or join the community via  Twitter  Discord  Telegram