Amid increased market volatility, Chainlink (LINK) and Avalanche (AVAX) have experienced a price decline in the past week. Fortunately for investors, Algotech (ALGT) is the new presale coin poised to skyrocket by 275% once ALGT tokens are launched on major crypto exchanges.
Discover how Algotech (ALGT) outshines Chainlink (LINK) and Avalanche (AVAX).
Chainlink (LINK) Experiences Bearish Momentum Despite Massive Transaction Surge
Chainlink (LINK) has experienced massive growth in the past year, with Chainlink price skyrocketing by 150%. Furthermore, Chainlink (LINK) has experienced a notable increase in large transaction volume, signaling increased activity among whales. These transactions, valued at over $100,000 each, surged by 175% to amass a substantial total of $338.96 million in cryptocurrency.
Recent data analysis underscores the significance of this surge. On February 19, 2024, the volume totaled 6.17 million LINK, jumping to 17.65 million LINK by February 20. As per Chainlink news, these notable spikes frequently signify increased involvement from institutional players, hinting at substantial market shifts.
Moreover, Whale Alert reported that large-scale investors made significant movements in the crypto market. For starters, an undisclosed whale wallet shifted 4,314,062 LINK, valued at $79,065,694, to another undisclosed wallet. Moreover, BlockFi moved 2,402,942 LINK, worth $46,491,692, to another unknown wallet.
Unfortunately, Chainlink news reveals that Chainlink price declined by 7.5%. Experts indicate that Chainlink’s (LINK) price action is attributed to increased price correction and market volatility. However, the renewed interest in Chainlink (LINK) can propel Chainlink price to $25.45 by the end of April 2024, as the network’s trading activity soars to new highs.
Avalanche (AVAX) Sees Decline Ahead of Major Token Unlock
On-chain data reveals that AVAX price soared by 89% in the past year. The price rally is linked to increased network activity and Avalanche’s (AVAX) system upgrades.
However, there is more than meets the eye! Crypto experts have pointed out that Avalanche (AVAX) witnessed a price decline ahead of the release of $365 million worth of AVAX tokens. This event has become a focal point of interest as it could potentially influence Avalanche’s (AVAX) market dynamics and price action.
According to Token.Unlocks, an estimated 9.5 million AVAX tokens with a value of $365 million, were slated for release on February 22. This would augment the asset’s circulation supply by about 2.6%.
As per the allocation scheme, 4.5 million of Avalanche’s (AVAX) unlocked tokens will be channeled to team members, another 2.25 million to strategic partners, 1.67 million to the ecosystem development foundation, and 1.13 million for airdrop campaigns.
A closer look at on-chain data reveals that about 58% of Avalanche’s (AVAX) tokens have been unlocked. Experts indicate that token unlocks increase the asset’s supply by releasing coins previously held under vesting periods, including those allocated to early investors.
Meanwhile, AVAX price plunged by 9.7% in the third week of February due to reduced network activity. Analysts also suggest increased market volatility plunged Avalanche’s (AVAX) price. AVAX price prediction indicates that Avalanche’s (AVAX) short-term price action is bearish, with the AVAX price set to drop to $34.15 by mid-March due to the ongoing market consolidation.
Investors Flock to Algotech (ALGT) Amid Potential Presale Surge
Crypto traders often emphasize the need to ensure profitability while minimizing possible risks. Algotech (ALGT) is the new decentralized trading platform that incorporates arbitrage techniques to exploit price discrepancies across diverse cryptocurrency exchanges. As a presale crypto, Algotech (ALGT) executes buy and sell orders concurrently on different platforms to capitalize on temporary market inefficiencies.
Furthermore, Algotech (ALGT) prioritizes redundancy and reliability to guarantee seamless trading operations. As one of the best coins to buy now, Algotech (ALGT) minimizes the risk of downtime or interruptions in service by employing multiple data centers, ensuring that traders can consistently execute trades even during unexpected technical challenges.
Moreover, Algotech (ALGT) employs a momentum trading strategy to leverage the momentum of price fluctuations in the market. The platform pinpoints assets demonstrating significant upward or downward trends, executing trades to exploit this momentum for profit.
There’s no doubt that Algotech (ALGT) is currently the best presale token, with ALGT coins trading at $0.04. Furthermore, Algotech’s (ALGT) Stage 1 public presale offers investors exclusive rewards such as crypto education and a full crypto finance kit. Experts predict that Algotech (ALGT) will eventually surge by 275% to $0.15 by the end of the presale.
