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$531.79 0.82432
BNB price
Solana
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$138.55 0.47825
Solana price
XRP
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$0.4673770 4.28074
XRP price
Shiba Inu
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$0.0000164 -0.0222
Shiba Inu price
Pepe
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$0.0000087 -4.39715
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$0.0000223 -6.9772
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Bitcoin
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$57,707.00 0.26169
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Ethereum
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BNB
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Solana
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Solana price
XRP
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Shiba Inu
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Pepe
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Bonk
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Bitcoin
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$57,707.00 0.26169
Bitcoin price
Ethereum
Ethereum (ETH)
$3,122.75 0.13393
Ethereum price
BNB
BNB (BNB)
$531.79 0.82432
BNB price
Solana
Solana (SOL)
$138.55 0.47825
Solana price
XRP
XRP (XRP)
$0.4673770 4.28074
XRP price
Shiba Inu
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$0.0000164 -0.0222
Shiba Inu price
Pepe
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$0.0000087 -4.39715
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Bonk
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Arbitrum and Avalanche face massive selloffs, investors eye Algotech

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Arbitrum and Avalanche face massive selloffs, investors eye Algotech

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Amid token unlocks, Arbitrum and Avalanche prices dip. Investors turn to Algotech for growth potential.

Arbitrum (ARB) and Avalanche (AVAX) have been under considerable bearish pressure as investors gear up for incoming token unlocks. Selling pressure for both projects is evident from their recent downward price movements.

According to the latest data from CoinMarketCap, Avalanche Network is down 1.45% to $41.68. Arbitrum has also decreased by 1.83% to $2.08. 

Arbitrum faces significant selling pressure 

Arbitrum emerged as a network where developers can collaborate to build programs that are not only accessible and feasible but also economically viable and provide faster transactions than Ethereum. Arbitrum recently faced a massive sell-off as investors brace themselves for the upcoming token unlocks in March. 

Over $1 billion worth of ARB tokens are expected to unlock starting from March 16. This selling pressure will have a major negative impact on the project’s market value. 

This price drop followed the downward trend of some upstart altcoins, which have recently faced their year-to-date all-time low as the Bitcoin search trend has reached a bear market low. ARB whales have been selling their holdings, putting ARB in a vulnerable position.

Avalanche trending lower concerns investors 

Throughout the year, Avalanche’s exceptional performance surpassed several large-cap altcoins and attained the position of one of the fastest-growing altcoins in the market.

However, Avalanche’s recent drop has significantly affected its position, with its price facing a 5.3% decline in just a week. This has resulted in bearish sentiment regarding Avalanche among the stakeholders. With the upcoming token unlock on Feb. 22, further drops are expected.

As a result of these market conditions, investors are now shifting towards Algotech ALGT thanks to its promising investing opportunities.

Investors choose Algotech for growing potential

Both Arbitrum and Avalanche will likely continue to face selling pressure in the short term as new tokens flood the market. Investors are flocking to the tradfi platform Algotech for stable gains in this landscape. 

Algotech (ALGT) aims to change decentralized finance with technology and machine learning. Of the many credentials of the platform, investors are more inclined toward its innovative features like momentum trading, mean reversion, and optimized algorithms. Through such features, Algotech will enable smooth market performance for users. The platform aims to give its users smart and efficient tools to manage data by using artificial intelligence and its advanced technology.

Within just two days, the platform has achieved its objective of raising sales by over $1.1 million after a successful private seed. Given the massive upside potential, market strategists are eager to see ALGT grow by up to 100x from its position in the crypto market.

Learn more:

Visit Algotech Presale

Join The Algotech Community

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