Algotech gains momentum in $3.6M presale; Near Protocol records increased active users

Algotech’s automated trading system aims to revolutionize DeFi trading and tap into the projected $60 billion algorithmic trading market.

Near Protocol (NEAR) records increased active users, leveraging scalability and new features like chain signatures. Algotech’s (ALGT) sensational presale run approaches $3.7 million.   Algotech promises automated trading strategies, aiming to revolutionize DeFi trading and tap into the projected $60 billion algorithmic trading market by 2030.

The Near Protocol (NEAR), a layer-one blockchain platform known for its scalability and developer-friendliness, has seen a continued surge in active users, which coincides with the launch of new features on its platform. Algotech, a new DeFi project, has continued its sensational presale run as it approaches $3.7 million in ALGT presale.

Near Protocol’s growth trajectory

Launched in April 2020, Near has steadily grown its user base. According to data from DappRadar, a blockchain analytics platform, the total number of summed-up unique active wallets (UAW) for all listed dApps on Near in the last 7 days sits at 6.8 million, outrunning established platforms like Ethereum, Solana, and Polygon.

 Scalability is at the heart of the NEAR Protocol’s architecture. The platform makes use of sharding technology, which enables the network to handle smart contracts and transactions concurrently. This implies that the network can accommodate more transactions as it expands without sacrificing speed or dependability.

In a recent update, the Near Foundation announced the integration of chain signatures into the protocol —which will enhance user accessibility across multiple chains. For Near accounts, this special chain signatures functionality allows for multiple address management on all blockchains.

Despite constant pressure from the bears, the NEAR cryptocurrency continues to trend positively, moving to a price range of $6.26 to $8.05. If the current momentum holds, analysts have set price targets of $10.34 and $23.42, respectively.

Algotech’s increasing momentum

As Aglotech continues to display its platform’s offering on its official website, more and more investors seem to be buying into its proposition. Algotech promises traders in the cryptocurrency market a decentralized, highly sophisticated trading tool that allows them to utilize algorithmic trading to maximize the enormous profitable opportunities within the market.

Algotech promises automated trading strategies like mean reversion, momentum trading, breakout trading, and arbitraging, with many more options to be added to fit varying investor preferences and risk appetites.

Introduced in late 2023, Algotech has exceeded expectations for a project attempting to revolutionize the DeFi trading and investment landscape like it proposes.

After securing $1.1 million in a private seed-raising round in early February 2024, Algotech proceeded with its stage one presale that raked in over $1.6 million and a successful stage two that raised about $2 million.

ALGT recently entered its stage three presale at $0.08, which is already covered by more than 10%. Possibly listing at $0.15, ALGT is enticing investors that jump in early with high-profit potential.

Algotech’s momentum is largely connected to the growth potential of its industry—algorithmic trading, which is projected to grow in revenue by $60 billion with a CAGR of over 12% by 2030.

The future of trading is leaning towards computerization, hence Algotech’s strategic positioning not just in the broader financial market but specifically in another fast-growing niche: Decentralized Finance.

To learn more about Algotech, visit the Algotech presale website or join the Algotech community.