DeFi
Trading volume increases on Binance despite market decline; Algotech Early Investors Position for Upcoming DeFi Gains
The cryptocurrency market has been declining since the start of the second quarter. Strangely, Binance, the leading cryptocurrency exchange, has seen a massive surge in trading. In the meantime, Algotech (ALGT) investors continue to see gains during its ongoing public presale.
Explore Binance trading data and Algotech’s (ALGT) crypto presale success.
TLDR
● Binance sees 72% increase in futures trading between March and April.
● Algotech (ALGT) relaunches DeFi tokens with a promising public presale.
Binance Sees Massive Increase in Futures Trading
On May 14, 2024, trading reports showed a spike in futures trading on the Binance platform as market volatility has kept the prices of major crypto coins low. According to monthly reports from Wu Blockchain, Binance showed a 72% increase in the futures trading category between March and April. The significant increase in future demand was attributed to the Binance promotion, which offered lower fees for USDC Future Transactions.
While Binance benefited from an increase in futures trading, Bitget, Crypto.com and HTX saw 16.1%, 15.6% and 13.4%. respective declines in futures transactions.
Furthermore, the report indicated a significant increase decrease in demand in other verticals. Binance recorded a Drop of 1.4% in demand for derivatives, with spot trading also falling 38% in the same period. Grid was the only exchange to record an increase in spot transactions as it saw a 13% increase.
In total, trading volume on Binance in April fell by 26.6% compared to the previous month.
Upcoming DeFi Crypto Algotech (ALGT) Attracts Investors With Massive Presale Profits
Public presales introduce tokens to the crypto market before they are listed on an exchange. Algotech (ALGT), one of the new DeFi projects, has an ongoing public presale that has helped it raise attention of investorscash inflows, and advertisement to its intended target market.
Algotech (ALGT) made his debut as decentralized crypto trading platform attempt to disrupt the commercial sector. The platform uses machine learning and its advanced technological infrastructure to achieve its objective.
So what sets Algotech apart? The platform has integrated trading strategies which allow users to eliminate manual trading and overcome the many obstacles it imposes on expert and novice traders. Additionally, its automated risk management strategies allow traders to manage their trades efficiently. Additionally, it facilitates access to a range of lucrative crypto pairs and fast, accurate market analysis to improve trader returns.
Besides its rich features, Algotech (ALGT) has displayed considerable profit potential. Ahead of its public presale, Algotech (ALGT) won $1.1 million in a two-day private sale. This achievement raised its investment profile ahead of the start of its public presale, stoking investor appetite for Algotech (ALGT).
Additionally, Algotech (ALGT) promised investors a pre-sale 275% price increase, participations with voting powersand one a share of the profits usage fees. Early investors flocked to Algotech (ALGT) to purchase tokens at $0.04 at stage 1 of the public presale.
The public presale of Algotech (ALGT) has progressed to Step 3and the cost of tokens $0.08representing a 100% gain for first investors. Rising prices have increased its popularity. Additionally, current investors will earn 87.5% profit when ALGT achieves its goal $0.15 listing price, which caused a massive wave of investors to the public presale.
Additionally, the public presale ends in Step 4and savvy investors don’t want to miss out on promised profits in current market conditions.