Arbitrum and Cardano investors rotating capital to Algotech
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Arbitrum (ARB) and Cardano (ADA) are established cryptocurrencies. However, holders have been turning to a newcomer, Algotech (ALGT).
Arbitrum is rising
On Feb. 22, 2024, Transient Labs announced a strategic partnership with Arbitrum to enhance digital art.
As expected, this triggered a bullish momentum for Arbitrum.
On Feb.22, Arbitrum price was at $1.80; by Feb. 28, ARB was trading at $1.90.
Stake.link also introduced Cross-Chain LINK Staking on ARB on Feb. 28 for users to stake LINK without worrying about high gas fees.
Experts say ARB might rally to $2.08 by the end of March.
Cardano is shaky?
In a post on Feb. 21, 2024, BitMEX founder and former CEO Arthur Hayes said Cardano was “dogshit.”
Additionally, he raised doubts about the significance of Cardano, suggesting that it “might be the first one to become irrelevant.”
ADA was trading at $0.59 on Feb. 21, and by Feb. 23, it was at $0.58.
However, this downward trajectory did not last, as by Feb. 28, ADA was up to $0.63.
ADA may fall to $0.62 by the end of Q1 of 2024 according to experts.
Algotech presale Advances
Algotech allows investors to have a say in how things are run and to share in the profits.
Early investors can vote on ideas and partly own the software. They also get a cut of the profits as dividends.
The money raised from selling tokens will be used to improve Algotech by doing more research and development.
This will help add features like quickly trading between different markets and finding when prices are about to change.
Over $1 million has been raised in the ongoing presale. Moreover, more than 40 million ALGT have been sold to over 4,000 people.
In Stage 2 of the presale, ALGT is available for $0.06, up 50% from listing day.
The platform is also conducting a giveaway where holders get to win prizes, including smart gadgets and tickets to a trading event to be held in Dubai.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
