Algotech (ALGT) was designed as a decentralized algorithm trading platform that leverages new technologies like AI, Machine learning, and Data analysis to improve the trading space. Trading is purely psychological, and this has reduced the statistical advantage traders have built over time. With the introduction of unique algorithm trading systems, Algotech is able to improve traders’ performance by removing emotional involvement as much as possible.
Fueling the Algotech (ALGT) infrastructure is the ALGT token. Its presale took the crypto world by surprise as it brought in over $1.1 million in its first two days, and with prices moving from $0.02 to $0.04, investors from both various crypto projects have been on alert on the development of the platform.
There are even talks amongst several analysts on the possibility of the price increasing to $0.15 at the end of its presale, a whopping 275% increase.
With other strategies like mean reversal and arbitrage trading, Algotech has moved traders from the traditional means of trading to more sophisticated tools that could improve returns. It’s just a few weeks into 2024, but with the trend in the crypto market moving from NFTs and DeFi Games to Algorithm trading, early Algotech investors might be in for a good ride.
Apart from price increases, Algotech (ALGT) holders also have a say in the governance of the platform as each token held gives its holder a voting right.
Bitcoin’s shadow
A forum in 2017 described Litecoin in the best possible way. It said ‘As Silver is to Gold, Litecoin will be to Bitcoin.” Several years down the line and this statement couldn’t be more true.
Created to rival Bitcoin’s dominance, Litecoin has not been able to come out of Bitcoin’s shadows. Despite newer coins like Monero and Ethereum successfully carving out niches for themselves, Litecoin has remained unnoticed and dispensable.
With Bitcoin making new highs as it begins its ascent back to all-time highs, Litecoin has remained unmoved despite their correlation.
This has led several prediction websites to see Litecoin as a good hold for the short term but nothing more than a speculative buy for longer timeframes.
Solana
Solana is one of the most admitted projects in the crypto space. Despite not being able to achieve its primary goal of being an Ethereum killer, Solana has charmed crypto enthusiasts with its simplicity and ease of use, especially with the Anchor and seahorse applications. Theoretically, Solana is a good choice to build on if you need speed and scalability. Still, occasional network freezes that have not been solved are not an encouraging sign for investors who want some long-term stability.
The recent outage, which lasted over 5 hours, made investors ask some questions about the strength of the project, and this skepticism was reflected in its token price. There are also questions about how decentralized the project is, as many cracks come into the limelight, revealing centralization.
On the technical outlook, the current $100 is a key zone for both bulls and bears. If bulls prevail, the price could rally up to around $130.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.