Let’s dive into BLAST – an innovative Layer 2 blockchain project built on Optimistic Rollups, fully compatible with the Ethereum Virtual Machine (EVM).
What is BLAST? The goal of BLAST is to provide real yield to users holding ETH and stablecoins in the Ethereum network – a feature not currently offered by any other Layer 2 solutions.
Why invest in BLAST? Leadership: The project is led by Pacman, the founder of BlurUSDT.
Team expertise: The team includes professionals from:
FAANG companies (Facebook, Amazon, Apple, Netflix, Google) Prestigious universities: MIT Yale Nanyang Technological University Seoul National University These individuals have extensive experience in building key protocols in the DeFi and Web3 spaces, especially on Ethereum and Solana.
Funding: On November 21, 2023, BLAST successfully raised $20 million from major investment funds, including Paradigm and Standard Crypto.
Analysis The price is currently in a local sideways movement. Yellow lines mark the following levels (bottom to top): December 10 low. August 5 low. I expect one of the upcoming corrections to result in a break of the lows, providing a great entry point.
RSI is in the oversold zone, indicating that the asset is nearing undervalued territory and has strong potential for growth ahead of the altcoin season. My Strategy We’ll enter from current levels and set limit orders in case the lows are updated.
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