Avalanche’s (AVAX) Open Interest Drops; Chainlink (LINK) Reaches New Highs As Whales Accumulate Algotech (ALGT)

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There are some good investment opportunities available in the crypto market. However, one project that has garnered the most attention is Algotech (ALGT). This new project, which is still in its presale round, has entered the market with unique use cases, and market viability. Therefore, investors are certain that it will give massive returns in the coming months, and emerge as a market leader.

Interestingly, Avalanche (AVAX) and Chainlink (LINK) have also shown positive growth. Let’s see what makes ALGT better than AVAX and LINK.

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Bearish Sentiments Surround Avalanche (AVAX)

Avalanche (AVAX) has been performing well on the price chart for the past few weeks. Subsequently, the trading price of Avalanche (AVAX) has jumped by 14% on the monthly chart. At the time of writing, Avalanche (AVAX) is changing hands at $39.59. However, the latest on-chain data has caused panic in the Avalanche (AVAX) community.

As per CoinGlass, the Open Interest (OI) in Avalanche (AVAX) Futures contracts has fallen by 5% in the last week. Besides, the number of short positions for Avalanche (AVAX) has increased. This implies that investors are having a bearish outlook on Avalanche’s (AVAX) future price.

Chainlink’s (LINK) Profitability Increases

The recent surge in the price of LINK has increased the profitability of the Chainlink network. According to the latest data from IntoTheBlock, more than 67% of Chainlink (LINK) investors are now in the money.

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Notably, the price of Chainlink (LINK) has surged by 34% in the past 30 days. Consequently, the current trading price of Chainlink (LINK) has increased to $18.48. Interestingly, whales have been the primary reason behind Chainlink’s (LINK) recent surge. The on-chain data suggest that whales have lately grabbed over $50 million of Chainlink (LINK) tokens.

Therefore, the Chainlink community believes that LINK’s price will soon surpass the $20 mark.

Algotech (ALGT) Presale Ignites Bullish Market Momentum

In North America, the market share of algorithmic trading was more than 43% in 2022. Algotech (ALGT) has introduced a new crypto trading platform that will boost the adoption of algorithmic trading.

Algotech (ALGT) is a novel blockchain platform with machine-learning capabilities. It has partnered with leading exchanges and market data providers to offer real-time trading solutions. Here, traders can go for both short-term and long-term trading, depending on their preference.

To enhance traders’ skills, Algotech (ALGT) will provide educational materials and performance reports as well. Besides, Algotech (ALGT) has used AI on the platform, and created trading bots. High scalability is a noteworthy feature of Algotech (ALGT). The platform can handle a high volume of trades without lowering its speed and efficiency.

ALGT will be the native token of the project’s ecosystem, and its total supply is capped at 350 million. The smart contract of Algotech (ALGT) has been successfully audited by Snipe Finance. The KYC verification of the platform’s core team members is also complete.

At present, Algotech (ALGT) is in the first round of its presale, and a token costs just 0.04. However, analysts expect that the market value of ALGT tokens will soar by 275% to $0.15 before the end of the presale round. Additionally, if users purchase the tokens early in the presale phase, they will get big giveaways. It includes iPhone, iPad, Apple Watch, and even VIP tickets to a blockchain summit in Dubai.

For more details about this project:

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