4 Altcoins for Short-Term Profits (April 2024)

This article highlights a list of altcoins that are garnering attention for their potential to provide profits in April 2024.

BlastUP Presale: The First Launchpad in the Blast Ecosystem

BlastUP is the pioneering launchpad of Blast, an advanced Layer 2 solution that rapidly reached a total value of US$1 billion in just 35 days. The success of BlastUP is evident as they swiftly raised US$4 million in just a few weeks, attracting the interest of savvy early investors.
BlastUP advocates the motto "Grow faster, earn more." The main goal of this launchpad is to reduce entry barriers for blockchain startups, ensuring they are ready for success from the outset. The BlastUP token, the platform's backbone, provides access to tiered IDO launches, staking rewards, and exclusive loyalty benefits.

BlastUP token holders can enjoy exclusive benefits such as access to airdrops, special rewards in IDOs, and opportunities to earn interest through staking. As it progresses, BlastUP remains committed to creating a global hub for the Blast community, supporting early-stage startups. BlastUP quickly gains traction for the interests of all participants in this ecosystem.

Polygon (MATIC)

Polygon (MATIC) has experienced a decline over the past week with a 10.69% decrease in price, trading at US$0.88 as of the time of writing (6/4). Nonetheless, there has been a 59.04% increase over the last six months.

Looking ahead for MATIC, signs indicate a two-way path. With support at US$0.91 potentially dampening further declines and a stronger second level at US$0.80, there is room for optimism if the broader market conditions support cryptocurrencies. However, resistance levels at US$1.144 and US$1.25 may limit rallies for the time being.

Avalanche (AVAX)

Avalanche (AVAX) has undergone significant price changes over the past six months, surging by 341.12%. Last month saw a 9.08% increase, but it dropped by 13.05% last week.
At the time of writing, AVAX is trading at US$46.74. The price appears to be in a corrective phase as recent peaks are experiencing setbacks. The RSI value is neutral, indicating that the price is unlikely to sharply move in one direction in the near term.

Looking ahead, there is room for growth if AVAX breaks through the nearest resistance at $62.13, and even more significant if it can overcome higher resistances at $68.91. However, if buyers do not intervene, the price could fall to the nearest support at US$48.57 or even lower to US$41.79.

Chainlink (LINK)

The current price of Chainlink is US$17.46. Over the past week, the price has dropped by approximately 9.26%. There has been a decrease of 9.79% over the last month. However, looking back six months, the price has significantly increased by 134.71%. Price movements indicate a combination of upward and downward trends, showing some corrective movements within the long-term impulsive upward trend.

Although short-term declines may raise concerns for investors, the surge over six months indicates solid growth.

The current price is approaching the higher Simple Moving Average value, indicating generally positive momentum. However, caution is advised towards the nearest support at US$17.06, as a drop below it could lead to further declines. The potential to reach the nearest resistance at US$21.81 still exists, and overcoming it could pave the way towards US$24.19.

Near Protocol (NEAR)

NEAR Protocol has shown a recent mix of ups and downs, with the current price at US$6.91. Over the past week, it has dropped by almost 8%, but the picture looks brighter over the past month, showing an increase of over 50%. Since six months ago, NEAR has made a significant leap, increasing by more than 500%.

The nearest resistance at US$8.67 may pose a tough point, but if NEAR receives sufficient momentum, it may attempt to reach higher resistance at US$9.91. On the other hand, if the price drops, it could halt at US$6.18 or even lower at US$4.93.

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*Disclaimer:

This content aims to enrich reader information. Always conduct independent research and use disposable income before investing. All buying, selling, and crypto asset investment activities are the reader's responsibility.