The cryptocurrency market has seen significant volatility in recent times, with various digital assets experiencing sharp price movements. Most of the investors are derisking with a lot of money moving out of the market.
Amidst this backdrop, Algotech (ALGT), an AI-driven trading platform, has successfully raised $9.4 million in its final funding round through its coin presale. This round saw substantial participation from holders of Polkadot (DOT) and Near Protocol (NEAR), both of which are gaining traction in the crypto space for their unique technological offerings.
In this article, we will delve into the details of Algotech’s funding success and the role of Polkadot (DOT) and Near Protocol (NEAR) holders in this milestone.
Polkadot (DOT): Analyst sees major growth potential
According to crypto analyst Michael van de Poppe, Polkadot (DOT) is “heavily undervalued.” He highlights that the project recently released its JAM (Join-Accumulate Machine) upgrade and is focusing on RWA (Real-World Asset).
According to a chart shared by van de Poppe, Polkadot (DOT) could rally to $17 if a breakout occurs, representing a growth of over 134%. Currently, Polkadot (DOT) is down nearly 87% from its all-time high of $54.98, achieved in November 2021.
Polkadot (DOT) price predictions
CoinCodex predicts Polkadot (DOT)’s price could surge to $24.47 by July 3, 2024, translating to over 237% growth. Positive market sentiment and a bull run similar to 2021 are necessary for Polkadot (DOT) to reclaim its all-time high in 2024.
Changelly forecasts Polkadot (DOT) to reach $23.80 by July 2, 2024, but does not expect a new all-time high this year. They predict Polkadot (DOT) will reclaim its all-time high in 2029, reaching $55.06.
Telegaon, however, expects Polkadot (DOT) to hit an all-time high in 2028, predicting a maximum price of $59.01 for the year.
Near Protocol (NEAR): Rapid growth amidst market volatility
Near Protocol (NEAR)’s rise to prominence came as no surprise, with the token boasting impressive features that greatly enhance its appeal.
Since its launch in mid-2020, Near Protocol (NEAR) has established itself as a top altcoin, focusing on creating a fast and scalable infrastructure for decentralized applications (dApps).
Following a 230% rise in the past year, Near Protocol (NEAR) witnessed increased adoption and purchase. However, the token succumbed to the bear market, declining by 32% last month, reflecting the heightened volatility and uncertainty in the altcoin market.
Despite this, Near Protocol (NEAR) seems to be on the path to recovery with a 5% surge in the last week. Analysts remain highly optimistic, anticipating a potential incoming surge for the token.
DOT and NEAR holders propel Algotech (ALGT) to $9.4 million in presale
Despite Polkadot (DOT) being “heavily undervalued” and its recent JAM (Join-Accumulate Machine) upgrade, and Near Protocol (NEAR)’s 230% rise in the past year, their holders have eagerly joined Algotech (ALGT), a rising star in the presale arena.
ALGT has managed to steal the show. This innovative platform is more than just another token; it’s a decentralized algorithmic trading platform powered by cutting-edge AI technology and machine learning.
Algotech simplifies and speeds up transactions through automation. The ongoing success of the ALGT presale speaks volumes. Having already raised an impressive $9.4 million, the project is currently in its Bonus Stage, with the token price at $0.08.
With over 90% of tokens in this stage already sold, the next stage, priced at $0.10, is fast approaching.
For more details about Algotech:
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