June 2024 seemed promising for top altcoins, but Arbitrum (ARB) and Bitcoin Cash (BCH) prices declined following Bitcoin’s downturn. However, Algotech’s stability is unquestionable amidst the crypto market fluctuation, as its ongoing multi-stage presale performance is exceptional. After raising over $9 million, ALGT is the favorite token among investors, traders, and experts, dwarfing ARB and BCH. Let’s find out why!
Algotech Presale Raises Over $9 Million as ALGT Prepares to Enter Its Next Stage
A new presale coin, Algotech (ALGT), is making it big in the ever-evolving crypto market, outshining experienced altcoins like Arbitrum and Bitcoin Cash. The platform’s algorithmic trading strategies have helped push it to new heights as investors strive to capitalize on the market downturn.
Algotech’s remarkable success is mainly due to its ambitious AI and machine-driven trading strategies, which ensure investors reap maximum profits with minimal drawbacks. Furthermore, Algotech has a wide range of highly innovative trading tools and resources that help with speedy transactions and real-time and historical data analysis.
ALGT’s presale has been a massive success since its initial start at Seed Stage with a modest price of $0.02. Now in the Bonus Stage, with the token selling at $0.08, its earliest investors are boasting a 300% ROI. Furthermore, ALGT has thus far raised over $9 million, which is no mean feat.
As ALGT nears the end of its presale, the launch price is anticipated to reach $0.15, an 87.5% increase from its current price. Moreover, investors can expect further gains after launch, making ALGT the best crypto to buy now.
Arbitrum Bulls Try to Push ARB Past Its All-Time High Amid Hostile Crypto Market Conditions
In the second week of June 2024, Arbitrum’s (ARB) price declined by 24.6% to $0.86, from $1.14 since the beginning of June 2024. The decline followed unfavorable market conditions after Bitcoin fell below $70K.
Despite the price decline, Arbitrum continued to attract investor inflows, as its trading volume increased from $149.2 million to $434.6 million within the month. Meanwhile, technical analysis suggests a mixed sentiment for Arbitrum. If market conditions change and Bitcoin maintains an uptrend, ARB could end the month trading above $1.13.
Furthermore, experts predict that Arbitrum’s strategic initiatives could drive the price past its all-time high of $2.40 by the end of 2024, making it a good buy before the next crypto bull run. In the short term, if market conditions continue to be hostile, ARB could decline further to $0.77 before the end of June.
Bitcoin Cash: BCH Succumbs to Bearish Pressure as Bulls Fight to Regain Control
Like Arbitrum, Bitcoin Cash (BCH) experienced price downturns in June 2024 following hostile crypto market conditions. The top altcoin started trading in June at $465, and the price rose by 12% to $519 towards the end of the week. Its trading volume rose from $184.8 million to $536.7 million, while its market cap increased slightly from $9.1 billion to $9.4 billion.
In the third week of June, BCH declined by 28% from its earlier high of $519 to a low of $373, igniting a bearish sentiment. Its trading volume and market cap dropped to $414 million and $47.7 billion, respectively.
If BCH declines below the $370 support level, the price might end the year trading close to $300. In the most bearish scenario, BCH could even fall to $265. Conversely, if bulls surpass the $500 resistance level, BCH’s next target could hit $600 before the end of 2024.
Invest in ALGT Before the Crypto Bull Run. Here’s Why!
Algotech raised over $9 million within a few months, making it one of the best-performing presale coins in the market. Its highly innovative trading strategies, community-based policies, and AI-driven technologies have made it a favorite investment option in the crypto market.
Besides the massive gains anticipated after ALGT launches on significant exchanges, the platform offers a 250K giveaway to ten lucky winners and a 100% bonus on every deposit. All these benefits and potentially high coin earnings make ALGT the best crypto coin to buy now.
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