Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Filecoin (FIL) Gains From Tie-ups; SUI (SUI) Drops As Investors Flock To Algotech (ALGT) Presale
The crypto market is witnessing a significant improvement. The article will focus on Filecoin (FIL), SUI (SUI), and Algotech (ALGT).
This year, Algotech (ALGT) has emerged as an outstanding cryptocurrency due to its business roadmap, and market variability. Therefore, its ongoing presale is selling out fast. Notably, the project has already sold over 56 million presale ALGT tokens. Besides, it has bagged investments worth more than $2.2 million within days of its launch.
Filecoin Expands FIL Ecosystem
2024 is a busy year for the Filecoin network because several developments are taking place in the FIL ecosystem. In the latest event, the leading decentralized exchange, Uniswap, deployed the protocol on Filecoin (FIL) network. Prior to that, Filecoin (FIL) collaborated with the Solana network to offer decentralized solutions to the latter.
Besides, earlier in November, Filecoin (FIL) had joined hands with SushiSwap too. All these collaborations have helped Filecoin (FIL) move upward on the price chart. In the past month, the market value of Filecoin (FIL) has risen by 95%. Hence, at press time, Filecoin (FIL) is changing hands at $10.70.
SUI (SUI) Unveils Suilend
Contrary to the broader market trend, SUI (SUI) seems to be losing its growth movement. On the monthly chart, the price of SUI (SUI) has fallen by more than 8%. Consequently, the current trading price of SUI (SUI) stands at $1.63. SUI (SUI) has suffered this price fall despite experiencing an expansion of its ecosystem.
Recently, SUI (SUI) unveiled a new DeFi lending and borrowing market, Suilend. Meanwhile, the total value locked (TVL) of the SUI (SUI) network has surpassed the $500 milestone. However, experts believe that the increasing adoption of the SUI network will boost the price of SUI tokens in the coming months.
Algotech (ALGT) Investors Prepare For 275% Presale Gains
“Algo trading” has become a common term among traders. This advanced technology helps traders eliminate any emotional biases, and inaccuracies from trades. Subsequently, it offers better profits than manual trading. Furthering this growth, Algotech (ALGT) has developed a new trading platform.
This novel trading platform will be based on advanced algorithms. Meanwhile, reports have anticipated the value of the algorithmic trading industry to have a 10.6% annual growth rate from 2024-2030.
Algotech (ALGT) will use artificial intelligence and machine learning to craft profitable trading strategies. On this platform, traders can earn maximum profits at minimum risks. Here, you will get additional order types, and a user-friendly interface.
The platform allows users to deposit multiple cryptocurrencies. Algotech (ALGT) has planned to collaborate with leading crypto exchanges to support diverse trading pairs. Algotech’s native token will be ALGT, holders of which will receive a range of benefits.
Presale ALGT investors will be eligible to enter the project’s lucky draw. Note that, winners will get the latest iPhones or two VIP tickets to a Dubai live event. Furthermore, the token owners will also be given a share of the project’s profit. Algotech (ALGT) users can earn from 1% to 10% of the project’s profit.
Currently, the second stage of Algotech’s (ALGT) presale is live. An ALGT token currently costs $0.06, and will reach $0.08 in the next stage. Moreover, according to experts, the value of an Algotech (ALGT) token will zoom by 275% before the culmination of the presale phase.
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Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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