google-news-img

SHIB and PEPE face sell off while Algotech (ALGT) soars as investors throng

Looking for a golden investment option? The Algotech (ALGT) presale is where the real action is happening. The project has become an instant hit in the crypto circuit with its exemplary rise. Its ongoing presale has raised more than $3.6 million in just the initial phases. Meanwhile, Shiba Inu (SHIB) and Pepe Coin (PEPE) have suffered a fall due to fading of hype around meme coins.

Shiba Inu whale triggers bearish momentum

The market value of SHIB has suffered a severe jolt due to a massive sell-off by a Shiba Inu whale. Per the data from Spot On Chain, a Shiba Inu whale recently offloaded a staggering 533.6 billion SHIB tokens.

Notably, the whale controlled the SHIB tokens across 11 wallets. That individual realized a profit of $8.24 million through this offloading within a month. This significant sell-off has made a negative impact on SHIB’s trading price.

This memecoin is currently down by around 3% on the weekly chart. At the time of writing, Shiba Inu (SHIB) is changing hands at $0.000028.

Pepe Coin investors lose confidence in PEPE

The latest market data suggest that Pepe Coin is becoming the victim of profit booking by PEPE whales. As per reports, a major PEPE whale recently deposited a whopping 500 billion tokens into the Binance exchange.

Notably, these PEPE tokens were worth around $3.91 million when transferred. According to experts, this development may imply that whales are looking to book profit by selling their PEPE tokens. It also means that they are less confident about the future price movement of the memecoin.

Meanwhile, the trading price of Pepe Coin (PEPE) has come down to $0.00000778, following a 5% weekly drop.

Algotech (ALGT) presale shines brighter in stage 3

Are outdated trading methods leaving you behind? It’s time to discover Algotech (ALGT), the crypto trading platform shaking things up with its cutting-edge algorithms. Why the buzz around algorithmic trading?

It is all about speed, accuracy, and saving money – and the market is exploding. Reports suggest this sector could see incredible growth in the coming years. Thus making Algotech a project to watch. As per Mordor Intelligence, the algorithmic trading market’s value can grow at a CAGR of more than 8% in the next five years.

Algotech prevents you from relying on guesswork. Think of it like your advanced trading assistant, which uses AI and machine learning. It can analyze market data in real-time. Thereafter, it spots and pinpoints the sweetest opportunities. Whether you’re a trading veteran or totally new, this tool has the potential to level up your game.

Although Algotech isn’t just about smart trading, it’s about rewarding you too. Its unique profit-sharing system offers passive income potential across eight tiers. That starts at 1% and scales up to a whopping 10%. Hold ALGT tokens to influence the platform’s future and get a chance to bag awesome prizes in lucky draws.

ALGT tokens’ values have already doubled, and experts predict they could soar even higher. Right now, you can lock a token for just $0.08. Meanwhile, there is a 20% deposit bonus too.

Learn more:

Visit Algotech Presale

Join The Algotech Community

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com and all its authors do not, and will not endorse any information on any company or individual on this page. Readers are encouraged to do their research and take any actions based on their findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com and all its authors do not and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

Our Newsletter

Subscribe to our newsletter to get the latest news and promotions.

Adarsh Singh
Adarsh Singh
Adarsh ​​Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.