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2024 has begun on a good note for cryptocurrencies. Most cryptocurrencies are trading in the green, and investors are quite active. However, not all cryptocurrencies are performing at the same level. For instance, long-standing cryptos like Cardano (ADA) and Polygon (MATIC) have been rising with moderate growth.
On the other hand, a new crypto project, Algotech (ALGT), has attained skyrocketing growth. Its popularity and acceptance are so high that it secured $1.1 million within two days of its private seed sale. Algotech's (ALGT) ongoing presale is selling out quickly too. Let's see what makes this new project so attractive.
Cardano (ADA) has recently witnessed a significant increase in its trading volume. As per CoinGlass, the trading volume of Cardano (ADA) surged by 54% in 24 hours on February 7. Subsequently, the total market capitalization of Cardano (ADA) has jumped to $17 billion.
Besides, the wallet addresses on Cardano (ADA) are growing too. These developments have also helped Cardano (ADA) on the price front. The market value of Cardano (ADA) has increased by 5% in the past week. Consequently, the current trading price of Cardano (ADA) has surged to $0.51.
Polygon (MATIC) is expanding its ecosystem through new partnerships. In the latest event, Polygon (MATIC) has joined hands with Friendzone. Notably, Friendzone is a social platform that aims to foster influencer communities.
Earlier, Polygon (MATIC) collaborated with Immutable to launch their zkEVM Mainnet. With this partnership, Polygon (MATIC) introduced an ecosystem that is designed primarily for gamers. These partnerships have helped Polygon (MATIC) increase its network activity.
Consequently, the price movement of Polygon (MATIC) has also been upward. Polygon's (MATIC) value has surged by 7.30% in the past month, and currently stands at $0.83.
Algorithmic trading is the hottest trend in the global market. Traditional manual trading suffers from several issues like inaccuracies, emotional influence, and less analysis. Hence, traders now rely on trading with algorithms, where decisions are made based on data. Algotech (ALGT) has emerged as a champion platform under the current market scenarios.
Algotech (ALGT) is a crypto trading platform with machine learning features. This advanced technology helps Algotech (ALGT) users execute faster and more profitable trades. Algotech (ALGT) aims to capitalize on short-term market opportunities. Its users can make quick gains through momentum trading.
Besides, Algotech (ALGT) users can create several additional income sources on the platform. Algotech (ALGT) has rolled out a reward scheme. Under this, eight levels have been categorized. Members of each reward level will earn a share of the platform's earnings. Interestingly, the percentage of revenue share will increase as the level increases.
ALGT will be the native crypto of the platform, and its holders will get several privileges. They will receive voting rights and dividends. Additionally, ALGT owners will also receive partial ownership of the software. For all these benefits, the demand for the tokens is quite high.
The presale round of Algotech (ALGT) is in its first phase, with a token costing $0.04. In the next stage, the price of Algotech (ALGT) will become $0.06. Moreover, it is expected to surge to $0.15 during the presale phase. So, the earlier you lock your tokens, the dearer profit you get.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
