While the crypto market continues with its downturn, top crypto altcoins Solana (SOL) and PEPE, which have witnessed a notable price decline, struggle to recover their losses. Meanwhile, investors who are uncertain of the way forward for the altcoins are investing in Algotech (ALGT) for potential gains. Furthermore, ALGT’s remarkable presale performance is set to take over dominance from SOL and PEPE. Let’s explore more!
Algotech Aims for New Heights as its ALGT Presale Raises Over $9.2 Million
With Solana and PEPE facing immense scrutiny over their poor performance following crypto market fluctuations, investors are paying attention to a new DeFi project, Algotech (ALGT). The decentralized trading platform offers hope to traders with its highly innovative algorithmic trading strategies fueled by machine learning and AI.
Furthermore, the platform enables users to access different crypto pairs by integrating blockchain technology into its trading process to enhance user gains and liquidity. Algotech’s AI techniques streamline trading tactics and simplify market evaluation by analyzing real-time data, enabling traders to maximize their profits effortlessly.
Algotech also achieves its objective of democratizing crypto trading by empowering retail traders with hedge-fund-level trading capabilities. In addition, the platform’s mitigation techniques help traders protect their investments while conducting high-level trades with minimal losses.
Furthermore, Algotech’s multi-stage presale, which started with a modest price of $0.04 in Stage 1, is also causing ripples as investors prepare for the crypto bull run. The presale is approaching its final stage at $0.10 after selling over 91% of its tokens at $0.08 in the Bonus Stage.
ALGT’s launch price is $0.15, and those investing now are expected to reap an 87.5% ROI. Moreover, Algotech has raised over $9.2 million in its presale, and after its listing, investors can expect more coin earnings exceeding 1,200%.
Solana Struggles to Stay Afloat as SOL Price Plummets Following Crypto Market Downturn
Solana has shown immense growth in the past, but with the prevailing crypto market downturn, the top altcoin is not the perfect investment option for investors. After reaching a June 2024 monthly high of $175 in the first week, SOL price declined by 25.71% to $130, its lowest value since the first week of May 2024.
Despite the decline, Solana’s year-to-date price increased by 847% from a low of $15 to a high of $142, raising hope that it will recover. Furthermore, Solana’s trading volume rose from $1 billion to $2 billion since June 2024, indicating increased activity and a surge in investor interest.
Meanwhile, technical indicators show a symmetrical triangle formation. As the tug-of-war continues between Solana bears and bulls, a break to the upside may result in SOL going as high as $292. Conversely, if SOL finds support at $126, the price could drop below $100.
PEPE’s Corrective Phase Could Drive the Price to a New All-Time High
Pepe is one of the top meme coins, and its presence is felt in the competitive industry. Despite its long-term growth, PEPE’s price movement has declined since reaching its all-time level of $0.00001718 in the last week of May.
Trading at a low of $0.00001079, PEPE declined by 37.2% from its all-time high. Its market cap also fell from $7 billion to $4.8 billion, while its trading volume plummeted from $2.7 billion to $799 million in the same period. The drop in its market value depicts waning investor interest.
Despite the decline, Pepe’s technical analysis shows that the meme coin is in a corrective move. If PEPE prolongs its correction phase, it could rally to $0.0000172 before the end of the year. However, if the frog-themed meme coin declines below its lower trendline, it could decline to $0.0000089.
Algotech: Best for a Better Investment Portfolio
Investors looking to diversify their investment portfolios before the next crypto bull run can count on Algotech’s stability and performance fueled by its automation technology. Furthermore, regarding presales, Algotech has proven its worth by raising over $9.2 quickly, which shows a high demand for its ALGT token. Simply put, it is the best crypto to buy now!
See what more the presale has to offer:
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