Ethereum's recent rise indicates that other altcoins may gain value in August. However, there are predictions about which altcoins could benefit from this potential rise.

Ethereum's recent recovery has created a more positive outlook in the crypto market. It is a matter of curiosity how this positive trend may affect other altcoins in August. The content creator shares his predictions about some cryptocurrencies.

According to the sponsored content poster, BlastUP aims to play a role as a new launchpad for crypto startups in the roughly 3 months since its launch. Its pre-sale raised $8 million and built a community of nearly 20,000 $BLASTUP owners, the team said. In line with its goal of accelerating growth, BlastUP has completed 4 successful Initial DEX Offerings (IDO) so far and is claimed to offer the opportunity to make a strong start to new projects. However, the future of the project is uncertain and there are investment risks.

The content poster states that BlastUP is preparing for its token creation event planned for July 2024. There are questions about the BlastUP tokens (BLASTUP) sold during the pre-sale. The project is new and its future is uncertain, and there are investment risks.

According to the content poster, the only way for those who want to get the BLASTUP token at the pre-sale price is to purchase Blastbox V2. This special loot box contains a certain amount of $BLASTUP and Booster Points to reward active community members.

Cryptocurrency investments are high-risk investments and there is a risk of investment loss. It is recommended that you do detailed research before taking any action.

Those who purchase Blastbox V2 receive a treasure chest that gives access to various privileges. Blastbox V2 owners can:

  • Gain access to Launchpad IDOs and earn exclusive rewards

  • Participate in airdrops and get free coins and NFTs

  • Can benefit from higher staking interest rates for $BLASTUP

Additionally, the supply of Blastbox V2 is limited to 9999, which raises uncertainty about whether the project will be effective in the cryptocurrency market.

Solana (SOL) Grew 89.84% in Six Months
Solana's price currently ranges from $159.42 to $197.37. It increased by 12.41% in the last week and 31.03% in the last month. It rose nearly 90% in six months. The nearest resistance level is $210.23 and the support level is $134.33. If the uptrend continues, SOL could target $248.18 as the next resistance, implying an upside of around 26%. The Relative Strength Index (RSI) is at 66.41 and the Stochastic is at 86.90, indicating bullish momentum.

Cryptocurrency investments are high-risk investments and there is a risk of investment loss. It is recommended that you do detailed research before taking any action.

Starknet (STRK) Faces Bearish Trends But Has Growth Potential
Starknet (STRK) is currently trading between 56 and 66 cents and is showing signs of bearish pressure. It dropped over 7% last week and is down almost 27% in a month. However, it is still up more than 160% in the last six months. The closest resistance, 70 cents, seems difficult to overcome, the next resistance is 80 cents. Support levels lie at 51 and 41 cents. The current Relative Strength Index (RSI) is around 55, indicating that it is neither overbought nor oversold. Stochastic is at the 75 level, which indicates a potential upward reversal. Starknet's simple moving averages indicate potential stabilization and future growth.

Cryptocurrency investments are high-risk investments and there is a risk of investment loss. It is recommended that you do detailed research before taking any action.

LayerZero (ZRO): Bullish Hopes Despite Bearish Moves
LayerZero (ZRO) is trading in a range between $4.14 and $5.87, indicating bearish dominance. The RSI maintains a balance between buying and selling at 48.72. The MACD is negative at -0.01, confirming bearish control. However, the weekly increase of 16.02% and the staggering gain of 355.5% in six months indicate bullish potential. The critical resistance level is located at $6.53, and breaking this level could send ZRO up nearly 40% to $8.27. The nearest support lies at $3.06, and a deeper safety net lies at $1.32. Despite current bearish signals, past performance and potential growth point to possible future gains.

Cryptocurrency investments are high-risk investments and there is a risk of investment loss. It is recommended that you do detailed research before taking any action.

Sei (SEI) Shows Bullish Softness Amid Recent Rise
Sei (SEI) has made a small upward move of approximately 4.87% in the past week and is trading in a range of $0.34-$0.43. However, the bulls seem indecisive as the price is still below the nearest resistance at $0.47. The coin's moving averages indicate stabilization around $0.36-0.37, but the bears may rise again as the 6-month decline has reached around 43%. If SEI breaks above $0.47, it could target $0.56 with a potential upside of 30%. However, the RSI is at 60.45, indicating neither a strong bull nor bear dominance and highlights a wait-and-see approach in the market.

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