As the two established cryptocurrencies go through snags in their progress, Cardano (ADA) and TRON (TRX) investors consider Algotech (ALGT).
But why is Algotech (ALGT) considered a good crypto to buy by these investors? Keep reading to find out!
Cardano Price Prediction: ADA Price Crashes Despite Increase in DEX Volume
Cardano (ADA) is currently in the throes of a price reversal. The cryptocurrency has lost more than 50% of the value gained during the last crypto rally, falling to $0.48. All these happened despite the favorable developments in the Cardano (ADA) ecosystem.
Analysts attributed the decline to the delay in launching the Cardano ecosystem’s first stablecoin, USDM.
Despite this, Cardano’s (ADA) DEXes are posting increased daily transaction volumes. One of them, Minswap, has surpassed 10.6 million ADA daily transaction volume.
However, analysts say ADA could experience a resurgence soon. The Cardano price prediction for 2024 remains at $2.42. They believe USDM’s launch can spur user activity and positively affect the price.
Is Cardano a good investment? Based on the current decline, analysts advise investors to hold on before investing in ADA. However, the Cardano price prediction indicates that investing in this cryptocurrency might be profitable in the long run.
TRON Coin Price: TRX Stagnates After Spectacular Surge
Although TRON’s (TRX) price is not declining, the momentum achieved in the last crypto rally has tapered out. TRON (TRX) is currently trending sideways.
Analysts theorize that TRON Coin’s stagnation might result from the reduced network activity on the blockchain. According to data, daily active addresses and new addresses created have both fallen by 2%. This reduction in user engagement has also led to a 2.4% drop in TRX transaction volumes.
However, analysts are banking on the 20% increase in TRON Coin’s total value locked (TVL) to spur further TRX price increases. This is possible considering the 42% surge in DEX volumes linked to the TVL increase.
Based on this, TRON Coin is predicted to reach $0.54 in 2024, 393% above the current TRX price of $0.11.
The predicted bull run after the Bitcoin Halving might also help TRON (TRX) reach this ambitious prediction.
Algotech’s (ALGT) Growth Potential Attracts Investors
Algotech (ALGT) is the new project that Cardano (ADA) and TRON (TRX) investors are turning to, and for good reason. This project is revolutionizing crypto trading and investment through algorithmic trading. Algorithmic trading reduces the effects of human errors and biases on trading, making crypto trading for beginners less demanding than it would have been.
Automation is the name of the game with Algotech (ALGT). All the processes involved in a successful trading session are automated. Algotech’s (ALGT) powerful AI and machine learning capabilities handle data collection and analysis, and the right trading strategy is then selected through algorithms. Risk management is also automated with automatic position sizing, portfolio diversification, and stop-loss orders.
These offerings are what have attracted investors to Algotech (ALGT). It has also helped the project raise $1.1 million during its seed sale.
You can participate in this crypto trading revolution by purchasing ALGT during the ongoing public presale. The presale is in Stage 1, and the tokens are sold for $0.04. Buying now means you will benefit from a 275% surge between now and Algotech’s (ALGT) launch.
Early investors can also win free trading gadgets, own a part of the Algotech software, and have voting and governance rights.
Considering all these, we now see why investors think Algotech (ALGT) is the best new crypto to invest in.