The cryptocurrency market is currently experiencing a phase of stability and positive momentum. This period of steadiness is marked by a cautious yet optimistic sentiment among investors, influenced by factors such as the latest US PCE inflation data, which has shown a cooling to 3% in August. This data has seemingly bolstered market confidence, leading to a surge in crypto prices across the board.
In this landscape, altcoins like Shiba Inu (SHIB), Axie Infinity (AXS), Avalanche,Solana (SOL) and the emerging Pawfury are drawing attention.
Pawfury (PAW): The Next Big Player in Crypto
Pawfury (PAW) has emerged as a new star in the cryptocurrency market. Its innovative features, strong community support, and practical utility make it a compelling investment. With its presale dynamics Pawfury (PAW) offers substantial benefits to its holders. As adoption grows, this coin is poised for significant gains, highlighting its potential for long-term success. The robust backing from its community and continuous development efforts ensure that Pawfury (PAW) remains at the forefront of the crypto market, attracting investors seeking high returns in a rapidly evolving landscape.
Presale is Live Now – Join Now for a Chance to Benefit with PAW
Investor Rewards in Pawfury’s Multi-Stage Approach Pawfury’s presale ensures fair token distribution and investor benefits through its multi-stage structure. Early participants enjoy lower token prices, thanks to the incremental pricing model. This strategy not only creates excitement but also draws in capital, boosting liquidity and market stability.
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.
Avalanche (AVAX): On the Rise with Strong Technicals
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.
Source: TradingView
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.
Experts note these signals when making their Avalanche price prediction. They predict a potential jump to $26.50 in September 2024 for Avalanche.
Axie Infinity (AXS): Major Upgrades and Market Movement
Axie Infinity recently closed its open beta testing for the Homeland Avatar Mode Open Beta. This mode is currently in maintenance, and the Avatar Mode Beta is set to launch towards the end of August.
This is a major upgrade for the network, and its effects can be seen in the AXS price. The altcoin is currently facing a potential drawdown owing to the formation of the head-and-shoulder pattern.
Source: TradingView
While AXS has not fulfilled the drawdown yet, it has not invalidated the pattern either. A bounce back from $4.50 is expected, but a decline below it could send AXS price towards $4.07 and lower.
Decentraland (MANA): Real Utility in the Virtual World
Decentraland has its own crypto coin – MANA. Crucially, all transactions that take place within the Decentraland game must be executed in MANA – which gives the token real utility. Some of the most lucrative transactions conducted center on virtual land and real estate purchases. Users can also buy and sell in-game items to enhance the Decentraland experience.
Source: TradingView
In terms of market performance, Decentraland in November 2021 and the same Metaverse crypto coin hit all-time highs of $5.90. At the time of writing the price is $0.27 per token.
Moreover, when you buy MANA and LAND, you’ll be gaining access to the best NFT Land projects as well as the best Metaverse NFT projects out there. That’s a gain of over 24,000%. With that said, Decentraland – and the rest of the crypto markets – then corrected in Q1 2022. As of today, you can pick up MANA tokens at a major discount.
Solana Falls to $140 – Is a Price Rebound on the Horizon?
Solana started a downside correction from the $162 resistance zone. SOL price is back to $140 and might attempt a fresh increase above $150. Solana price started a downside correction after it failed to clear the $162 zone. SOL dipped below the $155 support level and moved into a short-term bearish zone like Bitcoin and EthereSolana Price Trims Gains: A Closer Look at the $140 Revisit
The hourly chart of the SOL/USD pair shows a break below a rising channel with support at $154. The pair dipped below the $145 level and even tested the $140 zone. A low was formed at $141.29, and the price is now consolidating losses.
Source: TradingView
The next major resistance is near the $150 level or the 50% Fib retracement level of the downward move from the $158 swing high to the $141 low. A successful close above the $150 resistance could set the pace for another steady increase. The next key resistance is near $155. Any more gains might send the price toward the $162 level.
Bottom Line
While Axie Infinity, Decentraland and Avalanche show potential in their respective niches, projects like Pawfury offer a glimpse of the innovative potential within the crypto space. By applying expert strategies and considering emerging presales, investors may find opportunities even in the most challenging market conditions.
It’s important to note that while Pawfury stands out among these options with its lucrative presale, low entry cost, and 10% extra bonus, investors should always conduct their own research and due diligence.