With Monero (XMR) and ORDI facing challenges in recovering from recent price declines, investors' attention has turned to Algotech (ALGT). Algotech's innovative strategy and potential for financial returns are attracting significant attention as investor confidence is shaken.
But why are investors favoring ALGT over these top altcoins? Let's find out!
TLDR
- Monero (XMR) price drops to $150.69 by February 7th.
- ORDI price drops to $42.34 by February 7th.
- Algotech (ALGT) has shown impressive growth during its ongoing presale.
Monero (XMR) price drop shakes investor confidence
On December 12, 2023, Monero announced that its partner Guardian has begun accepting two additional payment methods: SPEI for Mexico and PSE for Colombia. It aims to simplify the process for users to acquire their XMR and facilitate the exchange between volatile and stable assets.
We have great news for users in Mexico and Colombia.
our partners, @guardian_com Two new payment methods are now supported.
➡️SPEI in Mexico
➡️ Colombian PSEThe addition of these new payment methods makes it even more accessible to all users around the world. #XMR! pic.twitter.com/L1dUTcvTuz
— Maimonero (@MyMonero) December 12, 2023
As expected, this news increased the value of Monero (XMR) by 1.21%. Between December 12th and 29th, the price of Monero XMR increased from $169.50 to $171.56.
However, this positive momentum was not sustained as overall market volatility took hold. From December 29th to January 30th, Monero XMR price decreased by 6.59% from $171.56 to $160.26.
Given that technical indicators still indicate bearish sentiment on Monero, experts expect the downtrend to continue. They predict that Monero XMR price will drop to $150.69 by February 7th, and now is not a good time to buy Monero.
ORDI plummets as bearish sentiment weighs on the market
January 10, 2024: The U.S. Securities and Exchange Commission (SEC) grants approval to 11 spot Bitcoin exchange-traded funds (ETFs) backed by prominent Wall Street institutions, achieving a major regulatory milestone. Did.
This development caused a surge in the value of various top crypto coins, including ORDI. Between January 10th and 15th, ORDI price experienced a notable increase of 13.59%, rising from $69.27 to $78.68.
However, the initial enthusiasm gradually faded as bearish trends began to dominate the market. Since then, ORDI's price has declined by 19.34% and reached $63.46 by January 31st.
Additionally, industry experts expect ORDI's value to decline further if the current market volatility continues. As a result, we predict that ORDI price could fall to $42.34 by February 7th.
Algotech (ALGT) presale sparks investor frenzy
As Monero (XMR) and ORDI face challenges in recovering from recent price declines, investor attention has shifted to Algotech (ALGT) and its ongoing presale. Algotech is gaining significant momentum and attracting interest from investors and crypto enthusiasts alike.
As the presale progresses, market predictions point to an astonishing 200% increase in price, starting from $0.04 in stage 1 and reaching an altcoin price of $0.12 in stage 4. Furthermore, once the ALGT token is listed on major exchanges at a launch price of $0.15, investors can expect an astounding 275% appreciation from the pre-sale price.
Investing in Algotech (ALGT) tokens not only offers the potential for financial returns, but also the opportunity to support companies actively engaged in groundbreaking research and development. Algotech aims to advance the cryptocurrency trading field and focuses on innovative strategies such as hedging, mean reversion, and trend following.
Additionally, by acquiring ALGT tokens, investors can gain influence through voting governance rights and fractional ownership of Algotech's cutting-edge software. In addition, Algotech (ALGT) token holders will enjoy exclusive benefits, including the chance to win popular gadgets such as the latest iPhone, iPad, Apple Watch, and a complete crypto finance kit.
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