Algotech presale draws investors, Chainlink and NEAR Protocol lose ground
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In the volatile crypto market, some investors are turning to altcoins as popular cryptocurrencies are trending downwards. One of these new coins is Algotech (ALGT), currently in stage one of its presale. Its popularity has surpassed Chainlink (LINK) and NEAR Protocol (NEAR).Â
Algotech’s mission
Algotech is a platform that uses artificial intelligence to help traders make profitable trades.
It differs from existing options since it uses cryptography to ensure transparency and automate trading strategies.Â
Algotech recently raised $1.1 million in a private sale, which has boosted investor confidence.
At the current presale stage, ALGO is available for $0.04.
Chainlink recovers
On Jan. 23, 2024, Chainlink announced the launch of a new automation feature on Base. This feature enables developers to create smart contracts affordably and efficiently.
Despite the announcement, LINK prices temporarily fell before rising by 5% between Jan. 24 and 29.
Currently, LINK is consolidating between $13 and $17.Â
Predictions show that LINK may fall to $13 in February.
But if bulls break above $17, LINK may hit $20.
NEAR Protocol bulls upbeat
On Jan.18, 2024, NEAR Protocol announced that it had integrated its data layer with Polygon to facilitate the development of Ethereum zero knowledge (zk) rollups.
Even so, NEAR fell 8% on Jan. 19.
Between Jan. 23 and 29, prices recovered, adding 15%.
Analysts predict NEAR to reach $6 by the end of Q1 2024.
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