How Not to Lose Your Crypto Investments: 2024 Guide for Newbies

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Navigating the surge of interest in cryptocurrencies this year requires smart strategies. The 2024 bull run has attracted many to this fast-paced market. Knowing the steps to secure investments is crucial for newcomers. This guide provides essential tips on managing crypto resources effectively, helping to avoid common pitfalls that could lead to losses. With an eye on the latest trends, it’s designed to assist anyone looking to preserve and grow their investment in the booming crypto environment.

BlastUP Presale: A Beacon of Predictability in the Volatile Crypto Space

Presale tokens are immune to market’s wild swings with their price pinned to a certain level. Predictability is one of the key benefits of presale projects such as BlastUP.

BlastUP is the first launchpad on Blast, the only Layer 2 solution with native yield for ETH and stablecoins. In just a few weeks of its presale, this platform has raised nearly$6 million which speaks much for its wide recognition among savvy investors.

The presale of BlastUP tokens is underway, offering a decent chance to invest in a promising asset at a low price.

>> Don’t Miss Out! Buy BlastUP Tokens at the Best Price! <<

Those who buy BlastUP tokens at this stage gain exclusive access to an Airdrop distributing a portion of free tokens. Besides, they can get extra rewards through staking.

BlastUP is committed to fostering a robust community with the Blast ecosystem where everyone benefits from mutual growth. With ambitious plans to combine AI and Web3 tools, BlastUP aims to create a truly rewarding and safe environment for smooth DApps launches.

BlastUP is on the rise, fueling crypto startups with a community-first vibe and innovation at its heart. It is quickly becoming the go-to hub in the Blast ecosystem, with big plans through 2026.

>> Act Fast! Supply of BlastUP Tokens is Limited - Secure Your Spot NOW! <<

Ethereum Price Sees Volatility Amid Market Shifts

Ethereum, the second-biggest cryptocurrency, is currently trading between $2874.40 and $3345.18. In the past week, the price slightly decreased by 0.50%, reflecting recent market fluctuations. Compared to the past month, ETH experienced a decrease of 13.08%. However, looking at the past six months, the coin shows resilience with an increase of 41.63%. Ethereum is struggling to maintain its position with an RSI of 41.61 indicating that it might be slightly oversold. The current movement appears corrective as the coin is below both the 10-day ($3010.09) and 100-day ($3089.85) Simple Moving Averages, signaling potential consolidation before any significant price change. With resistance and support levels at $3551.43/$2609.85 and secondary tiers at $4022.22/$2139.06, investors are watching for a possible breakout or further correction.

Solana's Price Momentum: A Glimpse into Future Trajectory

Solana has shown a remarkable 223.01% jump in the past six months, despite a recent 18.52% dip this month. Over the last week, it has gained 15.27% in value, sitting currently between $126.76 and $157.10. The coin shows some potential to reach its next resistance at $168.33, but if the trend reverses, it could fall back to find support at $107.65. Movement seems corrective, hinting at consolidation after a period of significant gains. The indicators (RSI and Stochastic) suggest neutral momentum, while the MACD's negative value indicates a possible slowdown in upward movement. Overall, it seems Solana might continue to correct before attempting to break the resistance levels.

Arbitrum Price Movement and Future Outlook

In the last week, Arbitrum (ARB) has seen a slight increase of 1.12% in price. Over the past month, the price fell by 32.39% and has decreased by 14.38% in the last six months. The current price range is $0.99 to $1.13 with the resistance and support levels at $1.19 and $0.91 respectively. Given the Relative Strength Index (RSI) of 49.56 and MACD level close to zero, the price movement is neither overly strong nor weak. The coin is currently in a phase that could be either setting up for a rise or reflecting market caution.

Conclusion

In making investment decisions, many turn to established coins like ETH and SOL or emerging ones like ARB. While they may offer value, their short-term gain potential is often less striking. The focus should shift to a promising newcomer, BlastUP. Within the thriving Blast ecosystem, BlastUP stands out for its innovative concept, attracting considerable attention. This traction suggests BlastUP holds the highest potential for growth in the near future. Smart investors might want to look closely at this project as the current bull run unfolds.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

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

Telegram: https://t.me/blastup_io

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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