The volatile crypto market has shown positive trends lately. These coins are the investor’s pick: Solana (SOL) and Cardano (ADA) make notable spikes, while Algotech’s (ALGT) presale makes massive gains.
Pantera raises funds to buy Solana (SOL) tokens
Crypto asset management firm, Pantera, is raising funds to buy Solana (SOL) from the bankrupt FTX exchange.
The firm aims to purchase $250 million worth of Solana (SOL). Further, it plans on buying Solana (SOL) tokens at $59.95, 58.62% below their current market price. FTX roughly holds 10% of the Solana (SOL) token supply. Meanwhile, Solana (SOL) has been on the rise. On the daily charts, Solana (SOL) rose by 4.57%. Further, the weekly charts show an 8.72% upturn.
Solana’s (SOL) 24-hour volume experienced a 1.87% rise. Further, the token hit its 52-week high of $149.22 over the past day. Ranking number 5, Solana (SOL) also witnessed a 3.98% rise in market cap.
Solana (SOL) is currently trading at $144.88, 2.90% below its yearly high.
Cardano’s (ADA) CEO denies rumors about his departure
Charles Hoskinson, Cardano (ADA) CEO, took to Twitter to deny rumors about his departure from the blockchain platform. In a tweet, Cardano’s (ADA) chief stated, “The answer is no.”
This confirmation ended speculation regarding Charles leaving Cardano (ADA) for Midnight. Cardano (ADA) has been in green over the week. It witnessed an impressive 9.75% growth in the weekly chart. Further, Cardano’s (ADA) daily charts show a 1.15% rise.
However, the daily trading volume for Cardano (ADA) has taken a blow. The 24-hour volume dipped by 28.23%. Cardano (ADA) is currently trading at $0.7325. This indicates a 76.25% drop from its all-time high of $3.10. Further, a 7.68% drop from its 52-week high of $0.7966.
Algotech (ALGT) presale bags record collection
With the rise of automation, this coin has emerged as a go-to for investors. Algotech’s (ALGT) presale is making headlines for its record performance.
This algorithmic trading platform has impressed investors like none other. With the algorithmic trading market expected to grow at a CAGR of 8.53% over 5 years, analysts are optimistic about Algotech’s (ALGT) growth.
Through the combination of powerful technologies such as machine learning and high-frequency trading, Algotech (ALGT) is emerging as a promising solution. Algotech’s (ALGT) presale has exceeded expectations, and collected over $2 million already. With over 50 million tokens sold, Algotech’s presale is booming.
The platform provides users with an edge over manual traders through advanced automation. With strategies such as mean reversion, arbitrage, and more, Algotech (ALGT) users can get ahead of other investors.
Further, Algotech (ALGT) prioritizes risk management through its tailored strategies. Users can choose strategies based on the market conditions to avail themselves of maximum advantages. In the second stage of presale, Algotech (ALGT) is trading at $0.06. Analysts are predicting a 1200% return on Algotech (ALGT).
Further, Algotech (ALGT) is offering exciting rewards, such as Apple products, VIP tickets to a blockchain event, and more, for its presale investors!
Learn more:
Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
