Since the beginning of 2024, the market has been favoring several cryptocurrencies. However, three cryptocurrencies have been frequently in the headlines. They are Cardano (ADA), Solana (SOL), and Algottech (ALGT). But the newly-launched ALGT has left ADA and SOL way behind in the growth rate. This presale of Algotech (ALGT) has become an instant hit, as it has raised over $297k within days of its launch.
Cardano (ADA) Ranks Third In Weekly Fund Inflow
The Cardano (ADA) network has been witnessing a strong surge in fund inflows. Subsequently, the price trajectory of Cardano (ADA) has also moved 10% upward in the past week. At the time of writing, the current market value of Cardano (ADA) is $0.5774.
As per CoinShares data, Cardano (ADA) has experienced a whopping surge of 1,016% in inflows in the past week. This puts Cardano (ADA) only behind Bitcoin and Ethereum in fund inflows during the 7-day period. The rise in Cardano’s (ADA) fund inflows shows the growth of the network. Notably, investors have increased their interest in Cardano (ADA) since the Vasil hard fork upgrade.
Solana (SOL) Launches New Extensions
To enhance the experience of NFT developers, Solana (SOL) has launched 13 new token extensions. The most sought-after extension among them is the one that allows Solana (SOL) developers to incorporate metadata natively into NFTs.
Interestingly, with this development, Solana’s (SOL) NFT ecosystem is one step closer to that of Ethereum, which has multiple NFT standards. According to experts, the extension can attract new developers to the Solana (SOL) network. Lately, the price movement of Solana (SOL) has also been positive.
In the past 30 days, the trading price of Solana (SOL) has increased by 20%. Consequently, Solana (SOL) is currently trading at $115.48.
Algotech (ALGT) Stuns Analysts With Its Presale Boom
As per a case study, the success rate of algo trading is a staggering 97%. Therefore, the demand and acceptance of algorithmic trading has surged in recent years. To get the best out of this growth trend, Algotech (ALGT) will soon launch a new crypto trading platform. It will use advanced technologies to facilitate trading.
Unlike manual trading, Algotech (ALGT) offers fast transaction speed, no biases, and error-free trades. The platform will also use artificial intelligence to offer personalized recommendations to traders.
Algotech (ALGT) will be beneficial to a wide range of traders. It will partner with leading crypto exchanges to provide users with several trading pairs. You can also increase your financial awareness and trading skills through this platform. Algotech (ALGT) will provide users with educational resources as well.
ALGT will be the native cryptocurrency for the Algotech (ALGT) ecosystem. Token owners will be getting a number of benefits, including voting rights and dividends. Besides, the platform users can also win rewards and giveaways, including iPhone and iPad.
Algotech (ALGT) also promotes social trading with novel features. Here, traders can share their strategies and follow others’ successful trade activities. Notably, the maximum token supply of Algotech (ALGT) will be 350 million.
Algotech’s ongoing presale is currently in its first stage, and an ALGT token is available at just $0.04. In the next stage, the value of a token will jump to $0.06. Moreover, experts believe that the project’s market value can explode by 275% before the end of the presale round.
