The Stellar (XLM) Foundation, owner of the Stellar coin, delays the upgrade of smart contracts due to a bug, although the risk is too small to cause a problem. On the other hand, the Algotech (ALGT) – one of the top altcoins to buy right now – seed sale generated $1.1 million in just two days at a rate of $0.02. So, let’s learn more about Stellar (XLM) and Algotech(ALGT) next move.
– Bug halts Stellar’s (XLM) smart contract update.
– Algotech (ALGT) presale success attracts whales.
Bug Delays the Stellar (XLM) Upgrade
The much anticipated Stellar (XLM) blockchain smart contract has been delayed to the end of the year due to a bug found on Stellar Core v20.1.0. Although the bug is not a problem, the Stellar coin team has postponed the release of Protocol 20 to January 30, 2024, when the issue has been resolved.
The bug found on the Stellar upgrade affects several applications. Nevertheless, the Stellar team is already working on a fix. Once the solution becomes available, the XLM Development Foundation (SDF), together with non-SDF, will vote to finalize the release of the Protocol.
The delay in the XLM upgrade had a minimal impact on the price of the Stellar coin as XLM finished January 25, 2024, the day of the announcement, at $0.1119, equaling a 3% drop from $0.1163 on January 20.
Some Stellar community members are rightfully disappointed by the delay. However, the Stellar (XLM) upgrade postponement highlights the project’s commitment to provide secure and reliable smart contract services.
Algotech (ALGT) Leads One of the Most Lucrative Public Presales of Today
Algotech’s (ALGT) seed sale generated $1.1 million in two days at $0.02. Now valued at $0.04, Algotech (ALGT) is available on the Ethereum network during Stage 1 of the public presale. Being one of the best altcoins, Algotech(ALGT) will transition to Stage 2, Stage 3, and Stage 4 as the value increases to $0.06, $0.08, and $0.12, respectively.
After launch, Algotech’s value should increase to $0.15, making for 275% returns for one of the best DeFi projects. Besides making a profit, Algotech uses income and dividends to conduct research and development of innovative approaches. ALGT leverages special algorithms capable of running hedging and mean reversion to generate revenue.
Also, buying into the 230 million units of Algotech automatically gives the owner the right to governance and ownership. As such, stakeholders can receive dividends from the profits Algotech (ALGT) makes. On the other hand, investors earn 30% of the profit generated from income-driven Algotech’s algorithms offered to users for a fee.
Finally, Algotech (ALGT) is a decentralized algorithmic crypto trading platform, and its crypto is an ERC-20 standard token.
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.