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Bluzelle BLZ’s Finance Future: Will It Outperform with 53% Growth?

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According to CryptoDep, Bluezelle (BLZ) was the top second gainer of the week with a +107% price rise. With this rise, traders anticipate a 53% growth that could solidify its uptrend.

Empowering Creators and Innovating DeFi: The Bluzelle Ecosystem

Bluzelle is a decentralized storage solution catering to creators specializing in NFTs and decentralized finance (DeFi). It provides secure storage through Bluzelle DB, DeFi pricing via Bluzelle Oracles, and the opportunity for BLZ token holders to earn rewards through staking. The Bluzelle Chain, designed for GameFi, stands out with its impressive 10,000 transactions per second (TPS) and seamless integration into Cosmos Chains.

Key features include censorship-resistant decentralized storage, NFT support, and the versatile BLZ token. This powers various ecosystem functions, from transactions to governance. Bluzelle also ventures into gaming, producing titles like GAMMA 4 that leverage the platform’s speed, NFT integration, and storage capabilities. Validators in the Bluzelle network engage in Proof of Stake (PoS), staking BLZ tokens for trust, earning rewards, and contributing to network governance.

Bluzelle holds strategic partnerships with industry giants like Cosmos, Polkadot, Polygon, Ankr, and Equinix. These underscore its commitment to advancing the decentralized landscape, reshaping storage, NFTs, and DeFi. These empower creators and users alike.

Recent Positive Developments

On August 14, the Bluzelle token achieved a significant listing milestone on Huobi. The move contributed to the ongoing upward trajectory of BLZ price, amplifying its gains even further.

Around 28 days back, the Bluzelle Network introduced the long-anticipated Gamma 4 Private Beta, spotlighting cosmic battles and interstellar journeys. This launch marks a pioneering stride in Web3 gaming, highlighting GAMMA 4’s exceptional NFTs and revolutionary technological strides. This Gamma 4 Beta launch was the main reason that started a bullish rally in BLZ prices.

Now, a limited time remains for you to participate in the private beta of a GameFi project called Gamma 4. The beta testing phase offers a chance to explore and experience the innovative world of GameFi before its official launch. The “Zealy Campaign” associated with this opportunity will come to an end on Monday, August 21. After this date, individuals will no longer have the option to join the private beta and engage with the GameFi project. This exciting venture is an opportunity for users and adds value to the BLZ ecosystem by fostering increased adoption and interest.

BLZ Price Analysis

The BLZ/USD daily price chart is displaying potential indications of an upcoming upward trend. Currently, prices are in the process of testing the resistance level at $0.09239. It’s conceivable that prices could experience a slight dip toward the initial support at $0.07328. This could precede a significant bullish momentum driving them towards $0.1362. This represents a noteworthy increase of 53% from the current price level.

Bluezelle price
TradingView: BLZ/USD 1-day chart

Several technical indicators substantiate this upward trajectory. Notably, a breakout from a descending channel commenced on July 16. Additionally, the ADX indicator registers a robust value of 33, suggesting a strong bullish trend. Simultaneously, the Awesome Oscillator (AO) histograms steadily rise in the positive territory above the zero line, denoted by a green color, indicating an upward trend.

However, it’s worth noting that the RSI indicator has recently dipped below the overbought region, signaling a potential price reversal. This could potentially be linked to the previously mentioned initial price decline that might precede the anticipated significant bullish pressure.

Looking at DEXTools, the coin boasts a market capitalization of $36.64 million and is accompanied by a trading volume of $187,000. Impressively, it holds a reliability score of 99/99, further bolstered by a 60% Community Trust level.

As the upcoming weeks hold the potential for further upside, it’s worth considering WSM, a coin presenting worthwhile investment opportunities.

Promising Alternative to BLZ

The presale of the Wall Street Memes coin ($WSM) cryptocurrency token is rapidly approaching a remarkable milestone of $25 million. An unprecedented level of investor interest drives this. The impending launch and enticing staking incentives position $WSM as an appealing financial opportunity. Sporting meme-inspired branding and a strong community focus, $WSM is poised to create a significant impact within the crypto landscape.

The Wall Street Memes token is offered for $0.0334 during the presale phase. There is an impending price increase to $0.0337 in just 1 day and 19 hours. This introduction of the $WSM token not only empowers the Wall Street Memes community but also offers rewarding prospects. This is unique for its dedicated users. As the current 29th stage of the presale concludes, the token’s value will ascend to $0.0337. This is part of its goal to achieve the ultimate hard cap goal of $30 million.

Investors have the flexibility to purchase the $WSM coin through credit card transactions or exchange it for ETH, BNB, or USDT. With the imminent implementation of staking, token holders will be further rewarded for their belief in the $WSM project. The allure of passive income diversification through the staking system is set to attract long-term crypto investors. This solidifies Wall Street Memes as a magnet for financial engagement.

Airdrop

Notably, Wall Street Memes is presently hosting a contest where five participants stand to share a $50,000 $WSM airdrop. Investors can claim their airdrop by following the Wall Street Memes Linktree page instructions. 100% of the tokens are exclusively distributed among Wall Street Memes community members. This reflects its commitment to empowering the users.

The Wall Street Memes currency is strategically aimed at institutionalizing the trend of small investors outperforming larger entities, as witnessed in the 2021 meme stock frenzy. The presale structure allocates 50% of the total token supply for presale participation, 30% dedicated to community awards, and 10% reserved for CEX and DEX liquidity.

Investors hold a bullish outlook on this project, driven by several factors. These include the potential of $WSM as a meme currency and the experienced and successful team. The project’s widespread popularity and its robust tokenomics are also promising aspects.

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