With the Bitcoin halving approaching in 24 days, the crypto market is experiencing notable capital inflows. Bitcoin Cash (BCH), a fork of Bitcoin, is seeing a bullish rally with strong market performance. BCH volume is exploding after expectations rose about its growth potential amidst CFTC decisions and Halving hype.
Meanwhile, as investors shift to projects expected to yield significant returns, the Uniswap market cap is declining due to sell-offs. The UNI token’s price is decreasing on the weekly chart, with retail investors exploring promising investment opportunities before the halving.
Bitcoin Cash gains momentum ahead of halving
Bitcoin Cash (BCH) has shown a bullish trajectory in recent days, notably after the U.S. CFTC is expected to label it as a commodity before its listing on Coinbase on April 1. Moreover, with increasing halving hype, the BCH block reward is set to halve, and reducing the token supply has increased investor confidence in the project’s prospects.
The BCH price surged over 16% in the last 24 hours, rising above the $560 mark. With Bitcoin’s strong bullish influence, indicators suggest a positive uptrend for Bitcoin Cash in the weeks ahead. A break above the crucial resistance of $566 and sustained bullish momentum could push BCH toward $650 before halving.
UniSwap faces a declining market due to sell-offs
Despite Uniswap showing impressive breakouts in the past month, the UNI token’s price is encountering strong resistance at the $13 mark, resulting in a bearish momentum. Notable selling pressures and profit booking are driving investors to speculate on the price trajectory of the token in the upcoming weeks.
Rekt Capital suggests that if the current trajectory persists, another pullback is highly likely for a retest of the $11 support level. While any subsequent dips can indicate a potential retest activity for UNI, investors are exploring other investment avenues for substantial returns in the upcoming bull market. Algotech emerges as a stand-out choice after its recording-breaking presale.
Algotech (ALGT) outshines Uniswap with $3.3 million raised in presale
Algotech (ALGT) emerges as the top presale project of 2024, outshining Uniswap’s growth potential. The project made headlines after raising $3.3 million in its public presale Stage 2, with over $650k raised in a single day.
The project has witnessed a remarkable investor turnout after selling over 75 million ALGT tokens, reaching 9,000 unique holders within three weeks. The project’s deflationary tokenomics and advanced algorithmic trading platform position it as a top choice for investors.
Algotech promises 10x ROI amidst Bitcoin Halving hype
With bullish signals observed in the broader crypto market before halving, Algotech is perfectly positioned for 10x returns. Currently priced at $0.06, ALGT can reach $0.08 in stage 3 of presale. Algotech is expected to become a major stakeholder in the bull run with price projections of $1 before it gets listed on major CEX exchanges.
Early investors in Algotech’s presale receive more than just ownership of ALGT tokens; they also get access to governance rights and a share of the platform’s profits. This unique model aligns incentives for the project’s long-term success and encourages community engagement, which will make it a top crypto to buy in 2024.
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