As the crypto bull run unfolds, making the right investment choices is critical. Some altcoins might seem promising but are best left untouched during this period of market upsurge. This article highlights certain cryptocurrencies that might not match the performance of their peers and why traders should be cautious about including them in their portfolios. With keen insights into the market dynamics, this piece offers an essential guide for those aiming to navigate the current bullish climate with precision.
CYBRO Presale: Meet the First-Ever Earn Marketplace on Blast
CYBRO introduces a unified marketplace for consistent crypto earnings, utilizing the Blast blockchain’s innovation. Launching in Q2 2024, the platform invites early investors to its presale for favorable entry terms.
From now on, CYBRO offers its native tokens at attractive prices, starting from just $0.020 apiece, an astounding 66% discount. Token holders will gain preferential access to marketplace services and various bonuses for an enhanced earning experience.
CYBRO will equip users with tools for increased income generation, such as staking, leverage farming, and lending. Enhancing Blast’s competitive interest rates, CYBRO will initially focus on high-yield staking, bolstered by state-of-the-art crypto-fiat and self-custody options.
Beyond staking, CYBRO tokens will enable an exclusive Airdrop, marketplace cashback, reduced trading and lending fees, and the in-house insurance program.
This robust functionality positions CYBRO for potential value growth just after the TGE in Q3 2024, significantly benefiting presale investors.
Wormhole Snags Market Attention Amid Volatility
The current market sentiment around this asset is cautiously optimistic. Despite moving within a lower price band recently, traders are watching as it retains stability above its main support level. Additionally, some enthusiasm is building as its price has seen a remarkable rise over the past month, which keeps investors on their toes. Even so, the asset has yet to overcome a couple of identified upper barriers to unlock further growth potential.
As for the Wormhole, the widespread increase in its value is likely fueling interest among potential buyers. Wormhole stands on strong historic performance, which could be enticing for those aiming to diversify their portfolios with assets that show such momentum. However,Wormhole’s future will greatly depend on its ability to maintain these gains and possibly break through resistance levels to solidify its growing reputation.
Aptos Crypto Price Movement and Trends
Aptos (APT) has seen a dip, falling almost 6% in the past week. Over the month, the loss is much steeper at over 50%. Despite this, the last six months have shown a growth of over 30%. The current price swings between $8.96 and $10.66. Indicators suggest that movements are neither strongly impulsive nor corrective, but RSI and Stochastic imply a slight lean toward selling pressure.
Looking ahead for APT, cautious optimism is advised. Although recent declines might worry investors, the six-month positive trend can’t be ignored. The price is now below the 100-day average, hinting at weakness. However, with the relative stability between the nearest support at $7.93 and resistance at $11.33, there’s potential for recovery. While immediate returns may be uncertain, APT’s price might find a boost if broader market conditions improve.
Optimism Crypto: A Balanced Price Analysis
Optimism’s price has seen varied movement. In a week, the price rose by 7.73%. Over a month, it fell by 38.83%. In six months, it jumped by 74.71%. The coin is currently in the $2.14 to $2.64 range. It shows a mix of moves, with the current tendency not clearly towards a strong upward (impulsive) or downward (corrective) trend based on the indicators provided.
Looking ahead, Optimism’s price could go either way. There’s potential for growth that could push it towards the next resistance at $2.83, and possibly $3.32, if the crypto market does well. However, caution is advised as the price could drop to support levels at $1.85 or even $1.37, especially if the broader market faces challenges. The indicators like RSI and MACD show a neutral market momentum, suggesting the future price could swing in either direction.
Pyth Network Crypto Dips and Rises: A Price Movement Analysis
The Pyth Network (PYTH) is currently moving between $0.57 and $0.72. Over the past week, the price fell by 3.60%, and it’s down by 37.75% from last month. However, looking back six months, PYTH has gained 54.03%. The price actions recently show a downward trend, indicating a corrective phase rather than an impulsive one.
As for the future of PYTH, the price might see growth but faces hurdles ahead. With the nearest resistance at $0.79, it has a challenge to overcome. On the downside, if it falls below $0.48, it might find support at $0.33. The mixed signals from RSI and MACD hint that the path ahead could go either way, calling for a cautious yet hopeful outlook for the Pyth Network price trajectory.
Conclusion
In the current bull run of 2024, some altcoins might not be the best choice for trading. Among them, Wormhole, APT, OP, and PYTH stand out as having less short-term potential. On the other hand, CYBRO emerges as a unique platform in the Blast blockchain, offering a marketplace to earn from its inherent yield capabilities. With CYBRO’s debut approaching in the second quarter of 2024, the opportunity arises for early investors to participate in the token presale, potentially securing favorable entry points into this project.
Site: https://cybro.io
Twitter: https://twitter.com/Cybro_io
Discord: https://discord.gg/xFMGDQPhrB
Telegram: https://t.me/cybro_io
The post Top Altcoins to Avoid Trading This Crypto Bull Run appeared first on Crypto News Land.
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