Cryptocurrency Rising Stars: MATIC, XRP, and Algotech Lead the Charge

February 28, 2024

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The cryptocurrency market is facing some mixed reactions in terms of returns. Bitcoin, Ethereum, and a few other cryptocurrencies are seeing price surges as the Bitcoin halving season nears. In contrast, several other cryptocurrencies like Cardano and Solana have not given investors any reason to smile.

Two months into 2024, we have taken the responsibility to look through the cryptocurrency market for coins that have the potential to end the year on a very positive note. Algotech (ALGT), Ripple, and MATIC are three coins with positive fundamentals and nice chart setups, and we will be looking into the three in-depth.

Algotech

Of the three names on our list, Algotech (ALGT) is the least popular. This is because the cyclical trend in the crypto market that has seen different Blockchain use cases, from NFTs to Oracles and dApps, is tending towards algorithm trading, of which Algotech is a leading candidate.

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Algotech is a decentralized algorithmic trading platform made for both newbies and adept traders. It aims to use novel technologies like Artificial intelligence, machine learning, and Data analysis to foster emotionless trading (automated trading).

Its ALGT token is projected to be one of the best-performing tokens in 2024. Apart from price appreciation, ALGT token holders also have the chance to enjoy some perks, including a trip to Dubai for the first Algotech conference. The token will also be used for voting rights in the governance of the platform.

During its presale, Algotech (ALGT)saw an inflow of $ 1.1 million in its first two days as whales from well-known projects flocked into it. This has led several analysts to predict a 275% increase, from $0.04 to 0.15, at the end of its four-stage presale.

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MATIC

Since 2021, Polygon and its MATIC token have been at the forefront of Layer-2 development. The goal has always been to dethrone Ethereum as the go-to platform for scalable developments. Still, Ethereum’s launch into the PoS network and the swift deployment of many sharding upgrades have left all the Ethereum killers in disarray. To add further salt to the injury, Ethereum is following Bitcoin’s ascent back to all-time highs, while the rest of the crypto market stands aloof without any noticeable changes.

In 2024, analysts are backing Polygon (MATIC) to be one of the best-performing assets of the year. It might seem a long shot due to many underlying cracks, but if there’s any Ethereum killer you can bank on to make a solid move, Solana and Matic are two names.

XRP

After a couple of short wins against the Securities and Exchanges Commission, there are lots of heavy bets on XRP, finishing 2024 on a strong note. With the twists and turns of the cases involving whether XRP is a security or not, there is a high probability that things will go to the side of the crypto project. All eyes are now on April 29, when the final verdict will be given, and the cult-like community, which has been silent in recent months, might regain their voices.

For more details about this project:

Visit Algotech Presale

Join The Algotech Community