If you are an experienced crypto investor, you would know that in the global cryptocurrency market the new projects with a lot of buzz and active community members are always garnering attention and every crypto investor would want a piece of the pie, as the value of the new project’s native token will alway skyrocket in price, leaving old projects and other crypto heavy weights in the mud.
This is the case of AlgoTech’s native token ALGT, a decentralized finace platform backed by artificial intelligence and popular memecoins Shiba Inu and BONK with die-hard communities. However, ALGT’s presale has stolen the show off these memecoin giants and has pulled a whooping $5.9 Million in it’s ongoing presale as at the time of writing this article. Let’s see the reason for this ALGT surge in demand.
Recent Shib’s Surge In Price and Massive Pullback
In May 29th 2024, Shiba Inu (SHIB) surged in price massively, becoming one of the top gainers in the meme coin ecosystem. SHIB, the self-proclaimed Dogecoin (DOGE) killer’s market cap temporarily reached about $17 billion mark, and flipped prominent cryptocurrency like Cardano (ADA) and became the 11th biggest cryptocurrency by market capitalization before plunging down in a 10.87% correction.
Image Source: SHIBUSDT CHART | TradingView
Shiba Inu (SHI) recent rally followed by a massive correction shows how volatile some crypto heavy weights are in their respective ecosystems, and crypto investors are tired and are seeking new projects like ALGT on their presale and could give them a potential 100x profit.
BONK’s significant correction
BONK has seen a significant pump in BONK price, but has also witness a massive correction following, to the tone of 8.76% in 24 hours which has caused panic among crypto enthusiast and BONK whales as to whether the BONK price correction would continue or will consolidate from here.
BONK’s price is currently sitting at $0.00003537 as at the time of writing this technical analysis, and the technical indicators suggest a neutral sentiment, while the Fear & Greed Index shows a value of 73, indicating greed. BONK has experienced 15 green days out of the last 30, reflecting a 50% positive trend, and has exhibited a high price volatility of 19.32% over this period.
However, BONK’s price has corrected from the $0.00004263 highs to a low of $0.00003497, which is a significant -22.52% drop in price. This drop has sent shockwaves down the spine of most crypto investors and BONK Whales in the crypto community. Now, BONK Whales are trooping to ALGT’s presale to get set for a potential 100x run in the coming week as presale is ending soon.
Image Source: BONKUSDT CHART | TradingView
Algotech’s Long-term 100x Potential
Algotech (ALGT), an AI-powered decentralized finance platform seem to be a pace-setter, and is set to change the way crypto traders see and interact with DeFi platforms. AlgoTech promises a more efficient way of trading cryptocurrency with Articficial Intelligence assisted system,a nd features that helps traders invest safely with the fear of being rugged or scammed on the platform.
The long-term viability of Algotech (ALGT) is underpinned by the explosive growth of the Blockchain AI market, projected to reach nearly $1 billion by 2027 which is a 100x Return on Investment (ROI). This trend shows the increasing demand for intelligent and automated trading solutions, positioning Algotech (ALGT) at the forefront of the cryptocurrency/Artificial Intelligence space.
The ALGT presale has gernared support from both SHiba Inu and BONK Whales and the deman for the ALGT token ahas skyrocketed overnight showing a rising demand on the need for AI solutions and a less volatile investment option amongst the Shiba Inu and BONK whales community.
However, by participating in the ALGT presale, investors not only gain access to Algotech (ALGT) tokens at a special price but also stand a chance to win exciting prizes such as the latest Apple gadgets and VIP event tickets.
Learn more on AlgoTech’s Presale:
