Cryptocurrency traders and investors are capitalizing on the potential offered by AI-powered projects in the market. Algotech, a decentralized crypto trading platform, is one such project that has gained significant anticipation. It integrates innovative technologies and automation to provide advanced trading and investment solutions.
Algotech is preparing for its presale bonus phase, and holders of popular cryptocurrencies like Polygon (MATIC) and Tron (TRX) are accumulating the AI coin in anticipation of a substantial surge in value upon its launch.
MATIC, currently trading at $0.733837 with a trading volume of over $362 million in the last 24 hours, has experienced a slight decline of 1.69%. Despite its 23% year-to-date loss, market analysts believe it remains a solid buy option. On-chain data from IntoTheBlock suggests that most MATIC holders are currently at a loss, indicating potential for further upside if the altcoin can regain its upward trend. Technically, MATIC has made modest gains in the weekly chart and is attempting to break above the resistance level at $0.76, which could lead to a sustainable bullish trend. If MATIC can surpass $0.75, it may surge to test the higher resistance at $0.88.
Tron (TRX), trading at $0.111208 with a 24-hour trading volume of $329 million, has experienced a 1.08% decline in the last 24 hours. With a market cap of $9 billion, it holds the 15th position on CoinMarketCap. Tron saw a bullish breakout in January, turning the $0.110 level into strong support. However, increased selling pressure in March caused a retracement, with the price breaking below the established $0.123 support. Despite recovery attempts, Tron fell to $0.110 by the end of March. In April, it rebounded slightly, reaching $0.122 again. The bulls are now eyeing the current resistance zone near $0.141 in the short to medium term.
As Algotech, the AI-powered decentralized algorithmic crypto trading platform, enters its bonus presale round, investors holding MATIC and TRX are adding the ALGT token to their portfolios. The project has already raised over $5.8 million during its presale, and with tokens available at $0.08 each, early adopters are positioning themselves for potential gains upon Algotech’s launch.
Algotech has invested $1.2 million in H100 GPUs to enhance its AI capabilities in pattern recognition and prediction. With improved AI, Algotech aims to provide crypto traders with an edge in the ever-changing markets.
As the project gains attention from retail and institutional investors, experts predict that the ALGT token’s price may rise significantly after its listing on major exchanges. Some analysts even project that the token could reach $1 shortly after listing, driven by the increasing demand for AI trading tools and Algotech’s robust technology.
To learn more about Algotech’s presale, visit their website or join the Algotech community.
