Bitcoin reached an all-time high of $70,000 at the beginning of 2024. This is caused by the upcoming Bitcoin (BTC) halving event. Crypto whales are buying up Bitcoin (BTC) in anticipation of its scarcity doubling. The crypto bull run has left early investors smiling, with top coins and altcoins hitting all-time highs.
Despite Bitcoin’s rising prices, large cryptocurrency investors such as Microstrategy are buying Bitcoin (BTC) in large quantities. Other altcoins such as Polygon (MATIC) and Immutable X (IMX) are not far behind. However, the market is currently experiencing a slight correction in the Bitcoin price, which may allow alternative cryptocurrencies to attract some investment capital from these large investors.
12-hour downtime on the Polygon (MATIC) network sparks concern among the investors
The network experienced an outage of 12 hours due to a glitch in the protocol sequencer. This has impacted the zero-knowledge Ethereum Virtual Machine (zkEM). The outage has made room for speculation about the network’s credibility, reliability, and scalability.
Polygon (MATIC) dropped 8% in market value. It is now selling for $1.03 in the crypto market, with a total market cap of $10B, and is ranked 16th. It is celebrated for providing a solution to blockchain’s inherent limitations regarding speed and transaction costs. However, the decreasing value has shifted investors’ interest to other altcoins.
Immutable (IMX) Price Slides as Bears Take Over
Immutable X is known for its ability to work above limitations like low scalability, poor user experience, and a low developer experience. It helps users with instant trading and massive scalability. However, the IMX token is sliding further into the bear market. Its value has fallen by 20% in the previous month.
Moreover, IMX’s market cap is down. Its rising trading volume can trigger a resurgence; however, holders continue to look for alternatives. Some analysts anticipate that IMX will not show a price rally as it has fallen below the $3 support zone.
While Polygon (MATIC) and Immutable X (IMX) may make excellent investments, a massive opportunity awaits in the Algotech (ALGT) presale.
Algotech Emerges as the Best Presale Opportunity After $3M Presale
Algotech’s (ALGT) scalable infrastructure and impressive project roadmap can handle real-time issues such as large trade volumes and rapid execution. As demand for advanced trading tools increases, Algotech’s TradFi platform will become more relevant with its advanced technology and cutting-edge use cases.
Despite being just weeks into the launch, the project has managed to defy market expectations with a massive $3.2 Million public presale round. Stage 2 of the presale grabbed significant attention after 80 million ALGT tokens were sold out within two weeks, reaching 85,000 unique holders.
Algotech uses advanced algorithms and machine learning to help traders with efficiency and precision. It relies on decentralization and AI technologies for real utility, encouraging adoption in DeFi.
ALGT token value is anticipated to skyrocket beyond its current $0.06 level as the presale demand heats up. Analysts believe that its value can reach an all-time high of $1 before it gets listed on more exchanges. This makes Algotech the best crypto to buy in 2024. It has also announced a giveaway to celebrate this milestone: $250K in ALGT tokens will be distributed to 10 lucky winners.
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