DeFi
Chainlink (LINK) and Uniswap (UNI) face competition; Algotech (ALGT) Expected to Lead DeFi Gains in 2024 – Times Tabloid
Chainlink (LINK) and Uniswap (UNI) are the top and highly valued altcoins in the world. crypto market because of their solid foundations. However, their dominance is decreasing due to unpredictable price fluctuations. Meanwhile, Algotech (ALGT) continues to attract investors with its strong presale demand, making it a reliable choice for those seeking refuge from uncertainty. Let’s analyze the performance of ALGT, LINK and UNI.
Chainlink: will the bulls return to the highs of the first quarter?
In the first quarter of 2024, Chainlink saw exceptional performance, with the price reaching a yearly high of $22.83 during the second week of February. The new high reflects a 52.7% increase from the start of the year opening $14.95.
However, in the second quarter, Chainlink started with a lower high of $19.27, with the price dropping further to $15.44 towards the end of the second week of June. In addition to the price drop, LINK’s trading volume and market capitalization fell from $434.7 million and $10.8 billion at the start of the quarter to $358.6 million and $8.7 billion. , respectively.
Meanwhile, technical analysis of Chainlink gives a bearish outlook. If LINK continues the same trend and falls to the $13 price level, the value could drop further to end the quarter at $10.50. However, if the bulls regain control and the price rises above the $15.41 resistance level, LINK could end the quarter above $16.
Uniswap turns bullish: will it maintain the trend?
Like Chainlink, Uniswap, one of the leading DeFi projects, has faced price fluctuations throughout 2024. Its starting price in January was $7.23, but it dropped a few days later to s ‘trade between $5.7 and $6.9 until the end of the second week of February. UNI reclaimed the $7 price threshold during the third week of February and reached a yearly high of $16.95 during the first week of March.
The rise recorded in March saw UNI’s trading volume and market capitalization rise from $741.6 million and $7.9 billion to $1 billion and $9.2 billion, respectively. In the second quarter, UNI started with a low of $12.96, but by the second week of June, the price fell 29% to $10.04 in early June. UNI regained some of its highs to reach $10.95 in the second week of June, triggering bullish sentiment.
The increase to $10.95 occurred when Uniswap published an obscure article end of June. Nonetheless, UNI’s trading volume declined from its initial value of $773 million during the first week of June. at 360 million dollars. The drop indicates that investors were holding onto their UNI tokens in anticipation of a possible price increase, which could reach $14 by the end of June.
A potential shift in the market could push UNI to test support at $9.90, with further downside possibility that could result in a decline towards $8.40. Let’s see if similar uncertainty in price trajectory applies to Algotech.
Algotech demonstrates strong demand for its token
Although the price trajectories of Chainlink and Uniswap are unpredictable, Algotech (ALGT) advances as the world’s most stable DeFi project crypto market. Its decentralized algorithmic trading platform has attracted the attention of investors around the world with its real-world utility and continued pre-sale demand and gains.
Algotech offers highly innovative trading strategies and the most advanced risk management techniques, which it delivers by harnessing the powers of machine learning and AI technology. Additionally, Algotech (ALGT) guarantees its traders high profits along with faster market analysis, high leverage and liquidity without manual trading, all thanks to its automation processes.
Additionally, ALGT users benefit from access to highly sophisticated trading tools, allowing them to make real-time decisions and trade efficiently. Additionally, through its ALGT governance token, Algotech users enjoy several benefits, including a share of dividends, partial ownership of the platform’s innovative software, and voting privileges.
Algotech is nearing the end of its presale, which is now in the bonus phase at $0.04. Stage 1 and 2 investors have already earned 100% and 50% interest from $0.02 and $0.06, respectively. The launch price of ALGT is expected to reach $0.15. In stages 1, 2 and 3, investors expect to earn 275%, 150% and 87.5%, respectively. Earnings are expected to exceed 1,200% post-launch, making ALGT the best crypto to buy now.
Don’t miss the ALGT winnings
Given the imminent conclusion of the public presale, investors are keen to acquire ALGT tokens to ensure they benefit from potential profits. The bonus stage successfully sold over 87% of tokens, demonstrating the high demand for the token. Additionally, ALGT has already raised an impressive $7.6 million.
Additionally, Algotech’s cutting-edge trading strategies allow investors from all trading backgrounds to effortlessly navigate the crypto market. Buy now and make big profits before next crypto bull run.
Learn more about the ALGT presale:
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of The Times Tabloid and is not intended to be used as legal, tax, investment, or financial advice.