Token

Impact

Optimism

Pyth Network

<h1 dir="ltr" id="span-img-src-https-cdn-thebittimes-com-images-2024-03-17-1710657278-webp-width-624-height-356-style-display-block-margin-left-auto-margin-right-auto-span-b-b"><img src="https://cdn.thebittimes.com/images/2024/03/17/1710657278.webp" width="624" height="356" style="display: block; margin-left: auto; margin-right: auto;"></h1>
Bitcoin, the famous cryptocurrency, has undergone a severe plunge, wiping off a whopping $661 million in just a day amid a chaotic market scenario. This downturn has shed light on an intriguing aspect in the current market correction phase – investing in alternative cryptocurrencies or altcoins. The reason why this time could be a golden opportunity for altcoin investments forms the crux of our subsequent discussion.
<h2 dir="ltr" id="span-step-app-fitfi-fitness-and-finance-fusion-span">Step App (FITFI): Fitness and Finance Fusion</h2>
Imagine a world where your daily run or walk not only boosts your health but also your virtual wallet. With Step App, your regular jog can net you anywhere from 5$ to 50$ per session! As a trailblazer in the FitFi realm, Step masterfully blends physical fitness with financial savvy, catering to health enthusiasts and crypto fans alike. Regardless of your experience with Web3, managing your earnings is effortless. And for those looking to boost their earnings, subscriptions are there to amplify your rewards and personalize your in-app experience.
<a href="https://go.step.app/3wCenDM" target="_blank" rel="noopener noreferrer nofollow">Transform Your Steps into Tangible Rewards with Step App</a>
In Step, the magic lies in the FITFI and KCAL tokens, which hold the potential to appreciate over time due to the app’s vibrant, contest-filled community and constant innovation. Whether it’s upgrading your workout gear with KCAL or unlocking exclusive features with FITFI, these tokens are ready to enhance your fitness journey. In 2024, Step is gearing up to unveil even more exciting features and airdrops, ensuring that both the community and the value of its tokens keep thriving.
<a href="https://go.step.app/3wCenD" target="_blank" rel="noopener noreferrer nofollow">Step Up Your Game – Join Now!</a>
<h2 dir="ltr" id="span-near-protocol-s-token-price-surges-a-promising-short-term-investment-with-risks-span-b-b">NEAR Protocol's Token Price Surges: A Promising Short-Term Investment with Risks</h2>
The recent upswing in NEAR Protocol's token price is worth noting. Over the past week alone, it's almost doubled in value. Given its current price at $6.66, and a resistant level lingering around $5.11, further momentum might propel NEAR towards new heights. Marker indicators also tilt towards a buying trend, potentially making this a promising short-term investment.
However, an alternate scenario worth considering is a potential downtrend. NEAR's nearest support level is $2.97, suggesting a significant room for potential decline. Couple that with a 10-day simple moving average that recommends a sell, and it could be a risky long-term hold. Despite some optimistic indicators, caution and vigilance shouldn't be disregarded.
<h2 dir="ltr" id="span-nomura-and-pyth-network-partnership-potentially-impacts-pyth-price-span-b-b">Nomura and Pyth Network Partnership Potentially Impacts PYTH Price</h2>
Nomura's Laser Digital partnership with Pyth Network introduces exciting possibilities, driving optimism. This could lead to a bullish momentum pushing PYTH above the nearest resistance level of $0.92, possibly testing second resistance at $1.18. A rising short-term simple moving average suggests a buy signal, and MACD recommendation affirms this, potentially impacting the current price of $0.98.
However, it's not uncommon for fresh alliances to take time before yield results. A cautious viewpoint foresees the possibility of PYTH retracting to the nearest support level of $0.38 or even the second support at $0.12. While current conditions suggest neutrality via RSI, a potentially longer settling period for the Laser Digital partnership could impact short-term gains.
<h2 dir="ltr" id="span-optimism-s-tech-upgrade-could-impact-price-positively-or-negatively-span-b-b">Optimism's Tech Upgrade Could Impact Price Positively or Negatively</h2>
The technology upgrade of Optimism could impact its price positively. This optimistic scenario suggests a price rally towards the nearest resistance level of $4.32. In the long term, it could break the second resistance level of $4.95. This projection considers the current price of $3.53, and Simple Moving Average indicators showing a buying opportunity in the longer term.
Conversely, a downtrend might also arise in the short-term, based on the MACD and 10-day Simple Moving Average, both signaling sell recommendations. There's potential for the price to drop towards the nearest support level of $2.95. In an extended bearish phase, it could go further down to the second support level of $2.20. Both scenarios depend on how market reactions play out with the technology upgrade.
<h2 dir="ltr" id="span-conclusion-span-b-b">Conclusion</h2>
In the aftermath of Bitcoin's significant loss, the spotlight turns to altcoins as a golden opportunity for investors amid the market correction. Step App (FITFI) exemplifies this opportunity by merging fitness with finance, offering a unique investment avenue through its innovative ecosystem. NEAR Protocol's recent surge highlights the potential for short-term gains despite inherent risks, urging caution. The partnership between Nomura and Pyth Network presents a bullish case for PYTH, with optimism tempered by the need for market maturation. Optimism's technology upgrade offers a bifurcated path: potential for growth against the backdrop of market sensitivity. These developments underscore a pivotal moment for altcoin investments, presenting both opportunities and challenges for discerning investors.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/altcoin-investment-strategy-why-now-is-the-golden-hour-in-the-current-market-correction-tbt82743.html">https://thebittimes.com/altcoin-investment-strategy-why-now-is-the-golden-hour-in-the-current-market-correction-tbt82743.html</a>

Altcoin Investment Strategy: Why Now is the Golden Hour in the Current Market Correction

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