BNB and Ethereum rise as Algotech presale set to dominate in 2024
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With Bitcoin nearing its all-time high, several other cryptocurrencies are following suit, and we are seeing a lot of portfolio rebalancing. Most investors are now watching BNB, Ethereum, and Algotech.
BNB is volatile
BNB has had a wild ride.
The cryptocurrency recently recovered by almost 100% after it hit a 2023 low of $204.
The primary reason for these bullish sentiments, apart from the resurgence of Bitcoin, is the debit of a cross-chain gaming platform called Portal on Binance Launchpool.
Crypto gaming, AI, and automated trading are the three possible highlights of 2024, and Portal places Binance and the BNB coin in a prime position of benefit.
Algotech
Algotech is a decentralized algorithmic trading platform designed to cater to the adept trader and newbie, with features that each category desires.
Using novel technologies like AI, machine learning, and data analysis, Algotech facilitates automated trading and reduce the effects of emotions in the trading process.
At the heart of Algotech is ALGT, an ERC-20 token.
ALGT opened its presale at $0.02, and at the end of the first of four stages, the price increased to $0.04.
Token holders will have voting rights based on the amount of tokens held.
Ethereum
The Altcoin market leader has been able to wade off rough terrains and move to a more sustainable and environmentally friendly consensus mechanism without affecting most of its DeFi operations.
As Bitcoin edges nearer to its all-time high, several analysts expect Ethereum to mirror the same movement.
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