Algotech’s pre-sale nears $4m, Akash Network’s AKT rallied 54% today.
TL; DR
AKT is among the 100 best performing kriptovalyutnyh by market value, increasing by 54%.
Algotech's pre-sale is approaching $4 million as more investors flock to the project.
AKT leads the market charge.
The cryptocurrency market has been doing well since Bitcoin was halved on Friday. However, Akash Network's AKT Token leads the charge after performing exceptionally well over the past few days.
AKT is up 54% in the last 24 hours, outperforming all other major cryptocurrencies by market cap. At press time, AKT is trading at $6.24, up 75% in the past seven days.
Akash Network lineup comes after the token. Listed on Upbit., the leading South Korean cryptocurrency exchange. The crypto exchange has added USDT and Korean winning trading pairs to AKT.
What is Algotech?
Algotech The pre-sale continues to gain steam among investors as it nears a key milestone. The project is developing a decentralized algorithmic trading platform designed specifically for the fast-paced world of cryptocurrency trading.
Algotech targets retail traders and offers them advanced algorithms and machine-learning features. The project is bringing AI features to retailers with the aim of eliminating the limitations and challenges associated with manual shopping.
Algotech's unique AI features
Algotech seeks to leverage the growing volume in the cryptocurrency market to help traders achieve their trading goals. Thanks to the launch of the Bitcoin ETF, large institutions are entering the market, which means that there is more liquidity than in the past.
As trading volumes increase, crypto traders need to develop their edge to make a profit. Algotech It helps traders to build their edge in the market. Its advanced algorithms identify over 1000 unique data points and identify the next detection possibilities.
The platform's algorithms also allow traders to make split-second entry decisions for high-precision trading. The platform monitors market funding levels, availability, liquidity and expansion. This helps reduce risk for traders.
Algotech also comes with an AI-based trailing stop feature that allows traders to manage risk and protect their trading capital. Its AI tools provide traders with arbitrage opportunities. In addition, AlgoTech provides access to marketing strategies, community resources, and business education.
Will Algotech be a strong project?
Algotech It is still in pre-sale but could be a very strong project in the cryptocurrency space. If the development team releases its features and products, it could attract thousands or even millions of traders in the crypto space.
Their white paper indicates that only 30 million ALGT tokens will be issued. Of this amount, 10% of tokens are allocated for R&D and funding for testing, robustness and performance of current and new algorithms.
Additionally, 10 percent is allocated to support and partner bonuses. The founders hold only 7% of the total supply and the group gets a 3% allocation. Finally, 70% of the token supply will be available for public sale (including trading).
Token holders get some incentives such as a percentage of trading fees on the platform. They are also involved in management decisions within the Algotech ecosystem.
Should you buy ALGT tokens?
of Algotech The presale is moving fast and is currently in its third phase. It's raised nearly $4 million so far and could climb even higher in the coming days and weeks. At this stage, the ALGT token is going for $0.08, with over 98,000 tokens sold so far.
With the right level of adoption, Algotech's ALGT token can reap huge gains in the medium to long term. In addition to Algotech's features, token holders receive a limited amount of platform transaction fees.
