Algotech Presale Attracts Big Investors from Cardano and Ethereum
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/Algotech/ – The Altcoin market is recovering from a bearish season, and investors are reconsidering their involvement in major cryptocurrencies. Polarised opinions about Ethereum and Cardano have been raging for weeks, and with hopes of a bull run now on the horizon, every investor is positioning for the best returns in the coming months. Let us briefly examine the sentimental analysis of Cardano and Ethereum and why big investors are diversifying from these to a new cryptocurrency, Algotech ($ALGT).
Cardano – All cards on Deck
Cardano’s problems began long before the U.S. Securities and Exchange Commission labeled it a security in the Coinbase/Binance saga, but the said activity only amplified already-existing cracks. The lack of concise development and slow execution have been Cardano’s Achilles’ heel. In September 2023, Cardano’s transaction volume hit an all-time low of $821,000. This pales in comparison to a few months earlier when the network averaged about $10 million in transactions. Daily users also dropped by roughly 20,000 people.
The future of Cardano looks bleak. This is why Big investors in Cardano are cutting their losses and moving to more coins with more potential. Algotech ($ALGT) is one of these coins, and Cardano investors are not alone in trying to get a substantial share in Algotech.
Ethereum Altcoin Dominance Remains Unrivaled
Ethereum’s dominance in the crypto market is rivaled only by Bitcoin. Over the years, the Altcoin market leader has innovated its way into being one of the most coveted names. Smart contracts, DeFi, ENS, and crypto games, amongst others, are some of the novel developments that have been born in recent years.
General consensus sees Ethereum at almost 200% of its current price, but for adept investors in the crypto space, there are always opportunities that can yield more.
Ethereum whales know this, and it is seen in how aggressively they participated in Algotech’s pre-seed. What is Algotech ($ALGT), and why is the buzz from Cardano and Ethereum investors?
Algotech – Simpler and Easier
Algotech is a decentralized algorithmic trading platform that seeks to make trading Easier and more efficient, even for newbie investors.
It acts as a data-focused, customer-centric platform that aims to promote emotionless trading using modern-day tools like Machine Learning, AI, and Data analysis.
Heightened attention shifted to Algotech ($ALGT) when the presale raised $1.1 million within the first two days. Over 55 million ALGT tokens were sold from a total supply of 350 million. The token is currently in the first of four stages before launch, and it is projected that investors will take in at least 275% during ICO. This figure is more than Ethereum is estimated to rally at and a more secure and thoughtful investment than investing in Cardano.
Token holders will also enjoy extra perks in addition to the price appreciation. These include voting rights, incentives, and partial ownership.
With the Algorithm trading market set to explode in 2024 and the Blockchain AI market primed for growth, Algotech, being at the intersection of both, is an advantage for early birds.
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