Investors buoyant on Algotech presale, Cardano and Blur slip
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Investor interest in Cardano (ADA) and BLUR is shrinking while rising in Algotech (ALGT).
Algotech soaring
Algotech offers decentralized algorithmic trading solutions designed to maximize profits and minimize losses.
ALGT holders have partial ownership of the Algotech software and governance rights for future proposals.
The private seed sale raised over $1.1 million.
Meanwhile, in stage 1 of the presale, ALGT is trading for $0.04 but will list for $0.15 at the end of the crowdfunding event.
Algotech offers prizes such as the latest iPhone, iPad, Apple Watch, and VIP tickets to the Blockchain Life 2024 event through its giveaway incentive.
Cardano price prediction
On Jan. 24, the number of smart contracts launching on Cardano stood at 24,050, up 67% from Jan. 114,379 registered on Jan. 1.
This expansion points to rising adoption.
Even so, ADA prices are stable at around $0.49.
Market analysts say this will be the state of affairs for the better part of February 2024.
BLUR falls on token unlocks
On Jan. 16, Blur- an NFT marketplace, unlocked more coins per their vesting schedule.
Following this, BLUR prices fell.
The token rallied by 33% between Jan. 15 and Jan. 16. However, prices have been lower, shedding 19% between Jan. 16 and Feb. 6.
Analysts project the token to reach $0.52 by Mar. 5.
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