Crypto enthusiasts have become active and optimistic since the presale launch of Algotech (ALGT). They believe that the fundamentals of this new project are quite strong, and it can soon become one of the largest and most profitable cryptocurrencies. As a result, they are actively acquiring its presale tokens with the aim of generating returns in the upcoming weeks.
Regarding Cardano (ADA) and Avalanche (AVAX), while they are experiencing positive movement, their growth rates are relatively low.
Hydra Protocols Help Cardano’s (ADA) Scalability
The latest report by Messari has indicated that the scalability of Cardano (ADA) has improved in the last year. The data suggest that the launch of Hydra protocols has enhanced the throughput of the Cardano (ADA) network.
Thus, it has the potential to attract more developers to the network. Besides, an evaluation of Cardano by researcher Justin Bons has further strengthened the position of ADA. According to Bons, Cardano (ADA) is the second-most decentralized asset in the market. Cardano (ADA), which scored 35 out of 60, is second only to Ethereum, which scored 43 in decentralization.
Meanwhile, the price of Cardano (ADA) has increased by 18% in the past month. Consequently, the current trading price of Cardano (ADA) is $0.59.
Avalanche (AVAX) Leads In On-chain Transactions
Avalanche (AVAX) has become a leading network in daily on-chain transactions, with GameFi activity driving the growth. Subsequently, the market value of Avalanche (AVAX) is up by 16% on the monthly chart. Hence, at press time, Avalanche (AVAX) is changing hands at $37.05.
Meanwhile, analytics firm, Flipside Crypto, has revealed that GameFi activity on Avalanche (AVAX) increased by over 300% since October. Besides, the monthly subnet transaction count of Avalanche (AVAX) has also surged by 36%. Interestingly, the Avalanche (AVAX) network processed more than 19 million transactions in January. Experts believe that if Avalanche (AVAX) can sustain these numbers, it can experience a further surge in its price.
Algotech (ALGT): Innovations in Algorithmic Trading Technology
The latest market report suggests that the share of algorithmic trading is around 75% of all trading activities in the US. To encash this growth opportunity, Algotech (ALGT) has launched a new trading platform based on advanced algorithms.
Algotech (ALGT) has garnered attention for its innovative technologies that make trading simpler, and more profitable. The platform will also deploy artificial intelligence to observe and analyze live market data, and trading patterns. It will help traders alter their trading strategies instantly to manage risks and maximize profits.
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Algotech (ALGT) also offers several unique add-ons. It has introduced a novel social trading feature as well as an attractive reward scheme. The platform will enable traders to replicate the trade activities of successful and profitable traders.
Moreover, active Algotech (ALGT) users will get an opportunity to enter one of the eight reward levels. At level 1, users will get 1% of the platform’s profit, while on level 8, they will receive a share of 10%.
Holders of ALGT tokens will receive several benefits including voting rights and giveaways. The presale phase of Algotech is live, and over 18 million ALGT tokens have been subscribed. In the ongoing stage 1 of the presale, you can purchase an ALGT token for just $0.04. However, it will become $0.06 in the second stage. Additionally, analysts opine that the token’s price can soar by 275% to reach $0.15 before its listing on exchanges.
Learn more:
Visit Algotech website
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