AI-powered projects in the cryptocurrency market have proven to be highly profitable for traders and investors, who are capitalizing on the immense potential of this disruptive technology. Among the highly anticipated projects is Algotech, a decentralized crypto trading platform that combines cutting-edge advancements in trading and investment with innovative technologies and automation.
Algotech is gearing up for its presale bonus phase, and holders of top cryptocurrencies like Polygon (MATIC) and Tron (TRX) are accumulating this AI coin in anticipation of a significant surge in value upon its launch.
Currently, MATIC’s native token is trading at $0.733837, with a trading volume of over $362 million in the last 24 hours. Despite a 1.69% decline over this period, MATIC remains in the 18th position on CoinMarketCap, boasting a market cap of $7 billion. Market analysts believe that although MATIC has experienced a 23% year-to-date loss, it is still an attractive buying opportunity.
On-chain data from IntoTheBlock reveals that 4 out of 5 MATIC holders are currently at a loss, indicating the potential for further upside if the altcoin can regain its upward momentum. Technically, MATIC has made slight gains in the weekly chart and is currently attempting to break above the resistance level at $0.76. A successful breakthrough could pave the way for a more sustainable bullish trend.
MATIC has displayed resilience by bouncing off the support at $0.72, which was tested earlier today. If the current trajectory continues and MATIC manages to surpass the $0.75 level, it could potentially surge to test higher resistance at $0.88.
Meanwhile, Tron (TRX) is trading at $0.111208, with a 24-hour trading volume of $329 million. In the last 24 hours, TRX has experienced a 1.08% decline. With a market cap of $9 billion, TRX holds the 15th position on CoinMarketCap. Tron entered a bullish breakout at the end of January, successfully turning the $0.110 level into strong support.
During February’s bull run, TRX made significant progress towards challenging its peak resistance at $0.141. However, increased selling pressure in March led to a retracement phase, breaking below the established $0.123 support. Despite recovery attempts, TRX fell to $0.110 by the end of March. Towards the end of April, there was a slight rebound, with TRX trading at $0.122 once again. This indicates that the bulls are resilient and may push the price further north to claim the current resistance zone near $0.141 in the short to medium term.
As Algotech, the AI-powered decentralized algorithmic crypto trading platform, enters its bonus presale round, investors holding MATIC and TRX are adding the promising ALGT token to their portfolios. The project has already raised over $5.8 million during its presale, and early adopters are positioning themselves for potential gains as Algotech prepares for its launch.
Advanced technology plays a crucial role in Algotech’s future plans. The platform has invested $1.2 million in H100 GPUs to enhance its AI capabilities in pattern recognition and prediction. With improved AI, Algotech aims to provide crypto traders with an edge in the ever-changing markets.
As the project continues to gain attention from retail and institutional investors, experts predict that the price of the ALGT token could rise significantly once it starts trading on major exchanges. Some analysts even anticipate that the token may reach $1 shortly after listing, driven by the growing demand for AI trading tools and Algotech’s robust technology.
Learn more:
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