Two notable players in the crypto space, Tron (TRX) and Dogecoin (DOGE) are currently experiencing market challenges that might rob them of their positions in the DeFi world. Meanwhile, Algotech (ALGT) is enticing investors with its outstanding performance.
Are you wondering what crypto to invest in? Join us as we provide the right information to help you choose.
TLDR
- Despite the Mercado Bitcoin listing, analysts predict an 11.91% downward momentum for Tron (TRX).
- Dogecoin (DOGE) is set to rise by 1.86% after a downward sentiment following whale activity.
- Algotech (ALGT) early investors are set to earn a 275% return on their investment.
Tron (TRX) Displays 2.76% Upswing Post Listing on Mercado Bitcoin
On January 15, 2024, Mercado Bitcoin, the biggest cryptocurrency exchange in Brazil, made a smart move by adding Tron (TRX) to its list of digital currencies. This shows that the exchange is dedicated to offering a variety of cryptocurrencies. Including Tron (TRX) is a way for Mercado Bitcoin to stay ahead in the digital economy.
In response to the move, the Tron TRX price moved from $0.1087 on January 15 to $0.1092 on January 22, marking a 0.46% surge within a week. As of January 31, the Tron TRX price is at $0.1117, marking a 2.76% uptick since the listing of Tron (TRX) on Mercado Bitcoin. That said, analysts predict that the Tron TRX price will fall by 11.91% to reach $0.0984. With such a prediction, Tron (TRX) may not be the best crypto to buy.
Dogecoin (DOGE) Falls by 12.80% Following Whale Activity
December 20, 2023, saw a major Dogecoin (DOGE) holder move a substantial amount of 85 million DOGE, valued at approximately $7.57 million, to Robinhood. This significant transfer indicates a possible increase in sell pressure for Dogecoin (DOGE), as it’s a typical practice for big holders to shift their assets to exchanges when planning to sell. Following the transaction, the whale’s Dogecoin balance displayed zero, suggesting a complete departure from their Dogecoin holdings.
Such a move would trigger a negative Dogecoin prediction. In response, Dogecoin (DOGE) fell from $0.09142 on December 20 to $0.07972 by January 30, 2024, indicating a 12.80% downturn. Nonetheless, experts have a bullish Dogecoin prediction, with the price of Dogecoin (DOGE) anticipated to reach $0.0812 in February, signaling a 1.86% surge. Most investors would not opt for DOGE based on this Dogecoin prediction, given that the anticipated rise is not as substantial.
Algotech (ALGT) Creates Buzz in the Crypto World With Exciting Rewards and Gains
Algotech (ALGT) is arguably the best crypto for beginners as it makes trading easier by solving the challenges of manual trading. It operates on a special blockchain platform, offering users transparency and security.
Algotech (ALGT) also uses a smart combination of machine learning, data analysis, high-frequency trading techniques, and blockchain technology. This makes its algorithmic trading approach sophisticated and data-driven.
Algotech (ALGT) is running a public presale that has captured the attention of many. If you invest now in Stage 1 at the price of $0.04, you are set to enjoy 50% gains when the presale advances to Stage 2 at the price of $0.06. This comes after Algotech (ALGT) has already performed well with a private seed sale, raising $1.1 million in just two days.
The plan is to launch Algotech (ALGT) on major exchanges at $0.15, offering a remarkable 275% ROI. Ultimately, Algotech (ALGT) is one of the cryptos you must acquire for significant gains.
