ADA falls, AVAX surges as Algotech presale shines

Cardano (ADA) struggles to attract developers amid its price surge, while Avalanche (AVAX) secures a spot in the top ten cryptocurrencies, amid the booming presale of Algotech (ALGT), a new AI-powered trading platform.

Long-standing projects like Cardano (ADA) and Avalanche (AVAX) have registered considerable growth in recent weeks. They are actively trying to attract more investors. However, crypto whales have found a new promising coin – Algotech (ALGT). The demand for the presale of this newly launched cryptocurrency is huge. Investors have pumped over $2.2 million into the project within days of its launch.

Cardano fails to attract developers

Despite ADA’s rise on the price chart, the Cardano network has been struggling to attract developers. The data from Token Terminal shows the number of code commits on the Cardano (ADA) network has dropped by 32% in the past month.

This reduction in the number of developers can adversely affect the security and performance of the Cardano network. According to experts, this situation can also put Cardano behind other blockchain networks in development activity. However, the price movement of Cardano is still in the green.

In the last month, the trading price of Cardano has increased by 35%. Consequently, a Cardano token is currently changing hands at $0.76.

Avalanche overtakes Shiba Inu 

The Avalanche community is buoyed as AVAX has entered the top ten cryptocurrencies by market capitalization. The market cap of Avalanche has gone over $20.4 billion, surpassing that of Shiba Inu.

Back-to-back bullish weeks have helped Avalanche achieve this milestone. Notably, Avalanche is up by 31% on the monthly price chart. Hence, the market value of Avalanche hovers around $53.80.

Capitalizing on this growth momentum, Avalanche has collaborated with MapleStory, a leading gaming franchise. Under this partnership, Avalanche will launch a blockchain-based multiplayer online game.

Algotech presale excites crypto bulls

In recent years, traders have shifted to algorithmic trading for high transaction speed, absolute accuracy, and low cost. Subsequently, the size of the global algorithmic trading market is likely to reach $19 billion by the end of this year.

Algotech (ALGT) is a one-of-its-kind crypto trading platform that functions on advanced techs like artificial intelligence, and machine learning. Traders need not worry about tracking market movements. Algotech will analyze live market data, and notify traders about growing opportunities. This will empower traders to make informed decisions in real time.

Moreover, users do not need to worry about market risks. Algotech aims to provide advanced risk management strategies to counter the vile market volatility. So, it is useful for both experienced and new traders. Besides, Algotech users will have the opportunity to earn passive income via its unique reward system.

The platform will present eight tiers under the scheme to distribute its profits. Level 1 investors will receive 1% of the project’s earnings, while Level 10 users will be entitled to 10%. The ALGT holders will also get governance rights, and lucky draw gifts.

In the first stage, the value of presale ALGT tokens has increased by 50%. Subsequently, an Algotech token is currently available for $0.06, which is expected to soon surge to $0.08. Moreover, the tokens’ value can fly up by 275% during the presale round. Interestingly, there is a 20% deposit bonus on presale purchases. 

To learn more about the ongoing presale, visit Algotech’s official website.