After spiking by over 15% in the last week of October 2022, Algorand (ALGO) has started showing signs of a price reversal as we move towards the end of 2022. However, investors are eyeing an investment in a new cryptocurrency altcoin – Dash 2 Trade (D2T).
With the instant success of D2T during the ongoing presale, a 20x price increase is on the cards for 2023.
Will ALGO Continue to Soar or Correct to $0.25?
Since January 2022, ALGO has declined from $1.66 to the $0.28 level by August. After trading sideways between August and the beginning of October, ALGO has experienced upwards movement towards the end of October 2022.
From a price of $0.29, ALGO token pumped to $0.338 – a 16.5% price increase.
According to the 3-month price chart, ALGO has failed to sustain a price increase despite the regular price jumps being witnessed in the token price. After jumping from $0.29 to over $0.4 in September 2022, the token fell below the $0.29 mark again by the beginning of October.
Thus, investors may experience further volatility – with a potential price correction to $0.25. While historical performance is not an indicator of future results, the ALGO coin price has faced volatility throughout 2022.
Alternatively, investors can diversify their funds in the current crypto market conditions by investing in some of the best emerging crypto presales – such as Dash 2 Trade (D2T).
Dash 2 Trade – The Next Emerging Cryptocurrency in 2022
Traders looking for a new investment opportunity or ALGO alternative might consider Dash 2 Trade (D2T) – a new cryptocurrency available to purchase during the presale. The D2T token offers exclusive access to all of the features of Dash 2 Trade – an all-in-one crypto analytics platform.
By purchasing a starter or premium package with D2T, investors can access a variety of trading signals, technical indicators and pricing alerts. Costing 1,000 D2T per month, the premium package tracks social sentiments via on-chain analysis. The platform uses market-leading data feeds to promote well-informed decision-making amongst beginner and active traders.
By purchasing the premium package, investors can participate in quarterly trading competitions – which reward the top performers with free D2T tokens. Other features include a backtesting platform, auto-trading features and risk profilers.
To access the Dash 2 Trade dashboard features, investors can purchase D2T on presale.
D2T Could Potentially Offer 20X Returns
According to the Dash 2 Trade whitepaper, 700 million tokens are available to buy through a 9-stage presale. Aiming to raise more than $40 million, D2T has already collected more than $2.5 million in just a week of the presale launch.
One of the most hotly anticipated new cryptos under $1, bargain hunters can buy D2T for just $0.05 before the price increases throughout the presale. By the last presale round, the D2T token cost will increase to $0.0662 – a 32.4% increase compared to the current level.
Early investors that purchased the token at $0.0476 during round 1 will have experienced a 39% price jump by the end of the presale. Tipped online as one of the best crypto launches this year, D2T’s multi-use cases on the platform dashboard could make it a great investment opportunity for 2023.
Compared to meme tokens like Dogecoin (DOGE), D2T offers high token utility and an investment opportunity at a much lower price. While Doge currently has a market cap of $8.8 billion, Dash 2 Trade has just crossed past the $2.5 million barrier. Once the presale ends, new listings on some of the top cryptocurrency platforms will help D2T experience higher upwards momentum.
A 20x price increase after the presale would result in an $800 million market cap for Dash 2 Trade’s native token. That would equate to less than 10% of DOGE’s current market capitalization and 33% of ALGO’s. At the time of writing the Bitcoin price has also spiked back above $20,000, leading some analysts to speculate if the next crypto bull run is around the corner.
With the Dash 2 Trade dashboard opening subscriptions during Q1 2023, we can expect a massive token demand for D2T by the beginning of 2023.
Join the Dash 2 Trade Telegram Channel to follow the recent updates regarding this project.