Polygon

Avalanche

NEAR Protocol

Polkadot

<p>The post <a href="https://www.fxcryptonews.com/5-cryptocurrencies-poised-for-explosive-growth-in-2024/" rel="noopener noreferrer nofollow">5 Altcoins That Could 20x Your Portfolio – Act Now!</a> appeared first on <a href="https://www.fxcryptonews.com/" rel="noopener noreferrer nofollow">FxCryptoNews</a></p><p>Bitcoin (BTC) has surpassed the $60,000 mark again after a week indicating a recovery, in the cryptocurrency market. This uptrend is part of a rally that includes Ethereum (ETH) which has remained stable above $2,500.</p><p>The positive momentum is not limited to established cryptocurrencies like Avalanche (AVAX) Polkadot (DOT) and Polygon (MATIC). It also extends to promising assets such as NEAR Protocol (NEAR) IOTA and Pawfury an emerging player, with potential. These coins are gaining attention for their projected performance in 2024.</p><h3 id="strong-pawfury-paw-the-rising-golden-star-in-crypto-strong"><strong>Pawfury (PAW): The Rising Golden Star in Crypto</strong></h3><p>Pawfury  is becoming the new golden star in the cryptocurrency market. This innovative coin stands out with its substantial benefits to its holders. Pawfury demonstrates exceptional growth potential with robust community support and ongoing development efforts. Its strategic approach and advanced features make it a top contender for investors seeking high returns. As Pawfury (PAW) continues to shine, it promises to be a leading force in the ever-evolving crypto landscape.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcItc0Z9-rUa3ldop54zlRLvuhO17sK5Rky4XGal3Gy9nicVoN79MgGxiwovHICONUOtMFvhNtdEIYHPPCCrQK7zxQFlUQC7CoAeZEP6xvz2-42Zhvh2wjXFLNakdlVx1CeavxSoiM4pNzCLcIP1rrWG4o?key&#61;e3bgA6h3BByCQHRd5SKJSQ" /></p><p><strong>Join Now for a Chance to Benefit with Pawfury</strong></p><p>Structured Investment Rewards in Pawfury Pawfury’s presale offers structured rewards for early participants, ensuring fair token distribution. With multiple stages and rising prices, early investors gain the advantage of lower costs. This approach generates excitement and attracts capital, thereby boosting the project&#39;s liquidity and market stability.</p><p>To celebrate its success, investors can now enjoy a 10% extra bonus on their first purchase on Pawfury using the promo code “EXTRA10X” for a limited time.</p><h3 id="near-protocol-near-embracing-the-bitcoin-inscription-trend">NEAR Protocol (NEAR); Embracing the Bitcoin Inscription Trend</h3><p>In a move NEAR Protocol (NEAR) integrated Bitcoin inscriptions, sparking an uptick, in blockchain transactions. This surge in activity was evident through a twelvefold increase in transaction volume within a span of time indicating heightened engagement and enthusiasm, within the NEAR Protocol (NEAR) community.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf9gFSdjDCVVH9vKkOScHIdw5bnj9EafOXxm5dYqWl8uKBXXcKZE7DlS5FthOuBdMKHeB9_2zsBw2US-q5mGgKti6YF1RRCq1HclThmi-zeb5qheUYDuliWnEpEfx5IriLs1s4hjeq7ExUiSxKcsgHBUMkf?key&#61;e3bgA6h3BByCQHRd5SKJSQ" /></p><p>Source: TradingView</p><p>NEAR Protocol (NEAR) price fluctuates between $4.07 and $4.27. The 10-day and 100-day moving averages are $3.90 and $3.32, respectively. Support levels are at $3.50 and $2.908, with resistance at $4.50 and $5.50.</p><p>Bitcoin inscriptions are being adopted, and this adoption is precipitating a surge in transactions. These suggest an escalating interest in NEAR Protocol (NEAR). This burgeoning interest could potentially engender heightened demand: consequently driving up prices. Yet, despite these developments, sentiment swings between bullishness and bearishness, illustrating the market&#39;s mixed reaction to such advancements.</p><h3 id="iota-iota-soaring-on-abu-dhabi-39-s-100-million-boost">Iota (IOTA): Soaring on Abu Dhabi&#39;s $100 Million Boost</h3><p>Following the announcement of registering an ecosystem development foundation in Abu Dhabi, Iota (IOTA) surged significantly  in its price. The IOTA Ecosystem DLT Foundation plans to fund this initiative with $100 million worth of locked-up Iota (IOTA) tokens for a tenure of four years.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcnXoovPlldJ0so88Bz6n501pZ8RCifrkTyWhGcAOSiZ6P-IJDmHAcMWUxZ7B8NO4KFXX1IrvW-orcTtdx2Wo-c7onz-LWezNYkHmHUwurCdMThIgC--gd_ufG8rV1To267eZHdVFMyRh4KQrkIUa7YOzBV?key&#61;e3bgA6h3BByCQHRd5SKJSQ" /></p><p>Source: TradingView</p><p>The current price range of Iota (IOTA) fluctuates between $0.122 and $0.158, with moving averages indicating a steady upward trend. The 10-day moving average stands at $0.125, while the 100-day moving average is at $0.163. Resistance levels are noted at $0.221 and $0.247, providing potential targets for future price movements.</p><p>Abu Dhabi established the IOTA Ecosystem DLT Foundation, and a subsequent price rally reflects increasing confidence in both Iota (IOTA) potential and strategic initiatives. However, maintaining this momentum, as well as capitalizing on its strategic expansion, will determine its future price performance critically.</p><h3 id="avalanche-avax-technical-signals-point-to-bullish-future">Avalanche (AVAX): Technical Signals Point to Bullish Future</h3><p>Avalanche (AVAX) is another token with green price charts. On the YTD chart, CoinMarketCap shows that the Avalanche price increased nearly 75%. CryptoBullet says that AVAX is now sitting at key horizontal support and prints a reversal Dragonfly Doji candle. He mentions two price targets: $130 and $230.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdyTFrkgTdg_YzMs_883ehMJBwxAUC7zvZvbv8F2TnBEUd32tUYVXtgie4L-V9ViCPkvVTRXScaOJhELM3O_7LLt7koC7jT5E8mRAb66MZc5hnsexWts9PUMurku_ee5hplDfs21R3c-ALbM6gJt5wvgi9C?key&#61;e3bgA6h3BByCQHRd5SKJSQ" /></p><p>Source: TradingView</p><p>The technical signals for the Avalanche crypto are also green. Around ten technical signals for AVAX are currently in the buy zone while it trades above its 200-day exponential moving average.</p><h3 id="polygon-matic-whale-activity-signals-strong-recovery">Polygon (MATIC): Whale Activity Signals Strong Recovery</h3><p>Recently, Polygon (MATIC) experienced a whirlwind in the crypto market – significant price correction triggered an intriguing response. Crypto whales, those large-scale investors of the digital currency world, launched into action with a buying spree. They injected approximately $90 million directly into Polygon (MATIC).</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdVyROL5FP65DqrgPz25ubDWKwwBIQFkTz8tdMI5rnUqWcJGyN7Hk6LWK5ItV06ZEvqHVULDCL746Kn0HMH5MVcnGZsRg3W2TXNKtIEWnlINoXuU9CTum2fzV_MnD56OEkb78H7_H4pgIdidamR7yH5sUjV?key&#61;e3bgA6h3BByCQHRd5SKJSQ" /></p><p>Source: TradingView</p><p>Polygon (MATIC) is currently in a price range of $0.412 to $0.43. The 10-day Moving Average is at $0.45, and the 100-day Moving Average is at $0.50. Support levels are found at $0.034 and $0.30, with resistance levels being at $0.45 and $0.50.</p><p>The significant investment of whales buoyed the potential price recovery of Polygon (MATIC) as evidenced by its growing network activity and adoption. If Polygon (MATIC) continues to expand its ecosystem and maintain elevated network activity, we will likely observe a consistent increase in its value.</p><h3 id="polkadot-dot-forging-web3-39-s-future-through-strategic-investments">Polkadot (DOT): Forging Web3&#39;s Future Through Strategic Investments</h3><p>The crypto space has seen Polkadot (DOT) strategically maneuvering: the Web3 Foundation,  an affiliate of Polkadot (DOT), recently declared a $1M investment in on-chain treasuries. This action demonstrates the growing importance of tokenization and underlines the profound integration of real-world assets (RWA) with blockchain technology.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeWmJBcqoFuigXPF_Ea0Nm7dqSBdmPcKtWtycv4DYgYLdSn-t-9dMe_ZJn2f2oeXCd0f41zrk3d6vKwPmScqylEt_NeJo4u27FROHTKKo4I8ubIeFYYYd79raIKdZgpKB28FCfoF2ugTu1iJfl5M_5gljE?key&#61;e3bgA6h3BByCQHRd5SKJSQ" /></p><p>Source: TradingView</p><p>Polkadot (DOT) price currently sits between $4.37 and $6.12, with the 10-day moving average of $5.27 and the 100-day moving average of $4.44. The support levels are at $3.82 and $2.67, while resistance levels are at $6.77 and $8.33, indicating a market that is ripe for growth, but also subject to volatility.</p><p>The Web3 Foundation&#39;s investment in on-chain treasuries underscores their commitment to innovation and growth – this strategic move could bolster Polkadot (DOT)&#39;s market position on the condition that broader market sentiment continues favorably. However, a conundrum presents itself: how does one strike a balance between daring innovative ventures and maintaining steadfast market stability?</p><h3 id="conclusion-navigating-2024-39-s-crypto-landscape">Conclusion: Navigating 2024&#39;s Crypto Landscape</h3><p>In the cryptocurrency market today Avalanche (AVAX) Polkadot (DOT) Polygon (MATIC) Near Protocol IOTA and Pawfury stand out as players. Pawfurys unique strategy sets it up for expansion as it ventures into the market.</p>

5 Cryptocurrencies Set for Explosive Growth in 2024: Insider's Guide

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