Investors Diversify Portfolios as Dogecoin and Chainlink Surge, Turning Attention to Promising Algotech Presale
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/Algotech/ – The cryptocurrency market is hitting up and for a good cause. Bitcoin’s ascent to $50,000 has led many other cryptocurrencies to rally. Dogecoin and Chainlinkare two of these cryptocurrencies, but their investors are coveting another hyped cryptocurrency after an above-expected presale. Why are investors rushing into Algotech (ALGT), and what does the future hold for it?
Dogecoin – Valuable as a Risky Investment
Starting out as a joke in 2013, Dogecoin has cemented its place as one of the most valuable meme coins. Although it is a well-known fact that it has no use case and is only useful as a speculative asset, it has not stopped it from producing millionaires, from its astronomical 94,000% returns. To put it in perspective, a $100 investment in Doge in 2015 would be worth $9,400,000 at its all-time high.
Dogecoin has been in a downturn, mirroring the overall cryptocurrency market, but a 7% rise since the start of February has made many dogecoin investors consider diversifying into other projects. There are some admirable moves by the project, including being used to purchase NBA Tickets, but the overall appeal of the coin skews towards its sentimental allure and not any substantial value. Algotech (ALGT) has been a popular name amongst Doge communities, and success from its presale has turned the attention of a lot of people to it.
Chainlink – Solid Infrastructure Causes Growth
Chainlink has been performing well recently. The cryptocurrency recently overtook Dogecoin in the market cap ranking as focus on notable upgrades and expansions into traditional finance (TradFi) have begun to pay off. Investors have begun to see a more transparent and efficient network, and this is reflected in the 30+% increase it has experienced in the past month. While many tokens in the crypto market are increasing due to sentimental reasons, Chainlink is soaring because of big changes in infrastructural configurations. This can be seen as good news, but if anything happens to the overall market, Chainlink will not be spared from the bearish trend. Investors are aware of this and moving some of their investments into cash/ newer projects. Algotech is one of these projects.
Why Algotech?
Algotech (ALGT) is one of the newest and emerging decentralized algorithmic trading platforms available. It came into the limelight because of the unique feat it achieved during its private seed sale when it amassed over $1.1 million in two days.
Algotech aims to include new technologies like Artificial Intelligence, machine learning, and data analysis into the trading field as an approach to solve the limitations of manual trading.
The platform’s selling point is its focus on transparency and automation, and its Algotech (ALGT) token will be at the heart of it. Benefits of holding the $ALGT token include voting rights, c-ownership of its software, and incentives through dividends.
Its ongoing presale will be spread across four stages, and analysts predict that there will be at least a 275% increase at the end of it.
Investors are weighing their options and the prospect of mouth-watering profit in a solid business architecture is leading investors across different blockchain networks to push into Algotech.
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