Most important points
- Today, AKT is the best performer in the crypto top 100 in terms of market capitalization and adds 54% to the value.
- Algotech’s presale is approaching the $4 million mark as more investors enter the project.
AKT leads the market charge
The crypto market has been performing well since Friday’s Bitcoin halving. However, Akash Network’s AKT token is taking the lead after performing excellently in recent days. AKT is up 54% in the last 24 hours, outperforming the other major cryptocurrencies in terms of market capitalization. At the time of writing, AKT is trading at $6.24, up 75% in the last seven days. Akash Network’s rally comes after it became a token listed on Upbit, a leading South Korean cryptocurrency exchange. The crypto exchange added USDT and Korean Won trading pairs for AKT.
What is Algotech?
Algotech continues to build steam among investors as its presale approaches a major milestone. The project is developing an advanced decentralized algorithmic trading platform specifically designed for the fast-paced world of cryptocurrency trading. Algotech is targeting retailers and will provide them with advanced algorithms and machine learning features. The project brings AI capabilities to retailers with the intention of eliminating the limitations and challenges associated with manual trading.
Algotech’s unique AI features
Algotech seeks to capitalize on the growing volume in the cryptocurrency market to help traders achieve their trading goals. Thanks to the launch of Bitcoin ETFs, major institutions are entering the market, meaning there is now more liquidity than in the past. As trading volumes increase, crypto traders must develop their edge to make profits. Algotech will help traders build their edge in the market. Its advanced algorithms analyze assets across more than 1,000 unique data points to identify the next breakthrough opportunities. The platform’s algorithms also enable traders to make split-second entry decisions for highly accurate trading. The platform monitors market funding levels, availability, liquidity and distribution. This helps reduce risk for traders. Algotech also comes with an AI-based trailing stop feature, which allows traders to manage risk and protect their trading capital. The AI tools also provide traders with arbitrage opportunities. In addition, Algotech provides access to trading strategies, community resources and trading education.
Will Algotech be a strong project?
Algotech is still in presale, but it could become a very strong project in the cryptocurrency field. If the development team rolls out its features and products, it could attract thousands or even millions of traders into the crypto space. The whitepaper indicates that only 30 million ALGT tokens will be issued. Of this amount, 10% of the tokens have been allocated to R&D and funding for testing, sustainability and performance of current and new algorithms. In addition, another 10% has been allocated to support promotion and incentives for partners. The founders retain only 7% of the total supply, while the team receives an allocation of 3%. Finally, 70% of the total token supply is available for public sale (including marketing). Token holders will enjoy certain incentives, such as a percentage of trading fees on the platform. They would also participate in governance decisions within the Algotech ecosystem.
Should you buy ALGT tokens?
The presale by Algotech is progressing rapidly and is currently in its third phase. It has raised almost $4 million to date and could rise even further in the coming days and weeks. At this stage, the ALGT token costs $0.08, with over 98,000 tokens sold to date. With the right level of adoption, Algotech’s ALGT token could see huge gains in the medium to long term. In addition to Algotech’s features, token holders receive a certain percentage of platform trading fees.
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Tags: Akash Networks AKT Soars Today Algotech Presale Nears Million
