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Shiba Inu and Dogecoin captured investors’ attention over the last two years, but a new decentralized project could beat these. Algotech, an innovative algorithmic trading platform, has raised a staggering $3.7 Million in just a few weeks of presale, and it’s showing no signs of slowing down.
Algotech’s (ALGT) presale achievements should not shock those aware of the efficacy of automated algorithmic trading systems. These algo-traders can identify trends and take advantage of pricing inefficiencies more efficiently than human traders with advanced machine learning models that look at monumental amounts of market data. Those days are gone when people had their eyes fixed on moving candlestick charts or were losing sleep over a violently fluctuating portfolio. Now algorithms will do all the work.
Shiba Inu And Dogecoin Holders Exploring New Avenues
SHIIB and DOGE, two of the most iconic meme coins, wooed investors worldwide with their whimsical branding and dedicated communities. However, many holders of these coins are now seeking diversification and exploring opportunities beyond meme investing like Algotech.
SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon. It is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries.
SHIB was hovering at around $0.000027 with a 24-hour trading volume of $670 Million. The cryptocurrency price is up 2.83% in the last 24 hours. The current CoinMarketCap ranking is #12, with a live market cap of $16 Billion. It has a circulating supply of 589 trillion SHIB coins.
Meanwhile, Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus and Jackson Palmer and was forked from Litecoin in December 2013.
DOGE price was around $0.178167 today, with a 24-hour trading volume of $2 billion. Dogecoin is up 0.55% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $25 Billion. It has a circulating supply of 143 billion DOGE coins.
However, the allure of Algotech lies in its ability to provide traders with a sophisticated, data-driven approach to navigating the often volatile and unpredictable cryptocurrency markets. By harnessing the power of machine learning and artificial intelligence, Algotech’s algorithms can identify patterns, trends, and opportunities that may be missed by manual traders.
Algotech Visions Of Consistent Crypto Profits
Algotech aims to “empower every investor with the tools and capabilities previously available only to the elite on Wall Street.” Features like blazing-fast trade execution, robust risk management, and seamless exchange integration, are attracting SHIB and DOGE investors.
Which investor wouldn’t drool at the prospect of harnessing powerful algorithms to identify and capitalize on cryptocurrency pricing inefficiencies automatically? Instead of gambling on a billionaire-promoted coin, they can deploy advanced, battle-tested trading strategies like a mean reversion, breakout detection, and arming across fragmented exchange liquidity pools.
A game changer in the ultra-volatile, highly inefficient crypto market where human feelings and incomplete data dominate is to have a mathematical supercomputer that trades for you. Picture earning reliable, regular returns without having to constantly watch positions all day or running after over-hyped altcoins. This is what Algotech claims.
Algotech Presale Catches Fire, Over 15,000 Holders Reached
Algotech (ALGT) presale is underway and has caught the attention of many investors as it has already raised more than $3.7 Million in just three weeks. The token sale that is currently in its 3rd stage is priced at $0.08.
It contains 350 million underlying tokens with a projected launch price of $0.15, which incentivizes users by giving them equity participation in Algotech’s revenue-sharing model through its native currency, the ALGT token. Participants can earn up to an impressive 10% of the platform’s profits based on their holding sizes.
Thus, meme-ability and hype cycles had Shiba and Doge ahead of the curve, but compared to Algotech, such flashes in the pan are likely to fade fast against the disruptive technology-driven potential of automatic trading platforms. With a successful ongoing fundraising and a bold roadmap, this AI-based crypto trading upstart has put both meme coin and institutional trading worlds on notice.
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Sam Chess is an utterly focused person looking for the minute details having potential to make a big difference. He is a writer and proofreader with a zeal to understand the cryptocurrency market. Additionally, he can be found trying to figure out the biggest mystery in the industry, Satoshi Nakamoto.
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