Lately, many cryptocurrencies have been taking steps to increase their market base. Avalanche (AVAX), Chainlink (LINK), and Algotech (ALGT) are the leading ones among them. However, the newly-launched Algotech (ALGT) has been the most sought-after cryptocurrency in 2024. It has achieved astounding growth in its ongoing presale phase. Moreover, investors are certain that this project will give massive returns in the coming weeks.
The Avalanche (AVAX) community has become highly active as the Durango upgrade has made its debut on the Fuji testnet. This technological development aims to boost the scalability of the Avalanche (AVAX) network. Through the Durango upgrade, the AVAX ecosystem will also get the feature of Avalanche Warp Messaging (AWM).
It will help Avalanche (AVAX) avoid a third-party intermediary for peer-to-peer communication between two subnets. With this technological advancement, Avalanche (AVAX) aims to attract developers from different networks. This news has pushed Avalanche (AVAX) upward on the price chart.
Subsequently, the market value of Avalanche (AVAX) has surged by 13% in the past month. Currently, Avalanche (AVAX) is changing hands at $40.47.
The Chainlink network has continued attracting more whales towards its LINK tokens. Consequently, Chainlink (LINK) has witnessed a price increase of 32% in the past month. Hence, at the time of writing, Chainlink (LINK) is changing hands at $19.80.
In the latest event, a “mysterious whale” has accumulated over 5.5 million Chainlink (LINK) tokens from Binance. Notably, these Chainlink (LINK) tokens are worth around $112 million. Interestingly, several whales have stacked up Chainlink (LINK) tokens in recent weeks. It implies that big investors have a strong belief in Chainlink’s (LINK) positive future.
The concept of algorithmic trading is growing in popularity. According to a research paper, the market size of algorithmic trading can grow at a CAGR of 12.2% from 2022 to 2030. Algotech (ALGT) has planned to launch a new algo-based crypto trading platform. This new platform will use advanced technologies.
Algotech (ALGT) will offer traders personalized trading strategies to maximize their profits, and minimize risks. The platform will also use AI to analyze a large set of data. Hence, it can gain ideas about short-term and long-term market trends. This, in turn, will help users exploit the benefits of momentum trading to earn big in short periods.
Algotech (ALGT) also plans to collaborate with leading crypto exchanges to offer traders multiple trading pairs. The platform will strive to increase financial awareness among traders by providing educational resources. Additionally, Algotech (ALGT) supports social trading by allowing traders to share their strategies, and copy the successful trades of others.
The native cryptocurrency of the Algotech ecosystem is ALGT. Moreover, Algotech (ALGT) token owners will get several benefits like voting rights and dividends. Additionally, the presale token holders can win rewards and giveaways, like iPhone and VIP tickets to a blockchain event in Dubai.
The presale of Algotech (ALGT) tokens is in Stage 1, and a token is currently available to lock at $0.04. However, during Stage 2, the price of an ALGT token will soar to $0.06. Meanwhile, analysts have expressed that the token’s price can explode by 275% before the completion of the presale phase. The total supply of Algotech (ALGT) tokens is set at 350 million.
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