The altcoin market has been heavily influenced by Bitcoin’s price movement over the past few months, first rising significantly through December before falling in mid-January. Even top altcoins like chain link (LINK) and Cardano (ADA) was hit by the fluctuations, enabling new DeFi project Algotech (ALGT) to gain popular support in the crypto-verse. The new token launched its presale after its private seed sale raised $1.1 million.
TLDR
Chainlink price: LINK investors are lose confidence about token price. Cardano price prediction can ADA price to $1 target. Join the Algotech (ALGT) presale today; ALGT tokens are sold for 0.04 US dollars.
Chainlink (LINK) is struggling to maintain its price momentum
In line with the rest of the altcoin sector, Chainlink (LINK) has been in a bearish scenario for the past three weeks. The clumsy signals has been evident since the last quarter of 2023, as the Chainlink price faced rejection at various resistance levels in November. The Bitcoin-induced bullish surge in December masked concerns about Chainlink price, and now that the market has turned bearish, the token predictions aren’t all too optimistic.
Investors are starting to look worried about the Chainlink (LINK) price position, as it is still trading around the $14 mark. The weekly loss is about 8%, and according to analyst Michael van Poppe, the $13.20 level is a critical point for Chainlink. If the token tests that level in its downtrend, Chainlink (LINK) price could drop even further to around $11 or even $10.
Chainlink (LINK) price forecast search more clumsy than clumsyand the next few weeks tell for the altcoin.
Cardano Price Prediction: ADA Transaction Flow Pulls Coin Back To Winning Ways
Cardano (ADA) may be caught in the bearish wave, much like Chainlink (LINK), but the Cardano price forecast says otherwise about the token’s future trends. The ADA Network has seen 10,000 new smart contracts added to its blockchain in the past month, indicating an increase in DApp usage and building. This could lead to long-term gains, making Cardano (ADA) one of the altcoins to watch this year.
For the short term analysts are banking on Cardano (ADA) to reach as much as $1 by June 2024. Multiple analysts support the fact that the $0.48 support is essential to get the Cardano (ADA) price back to the green. If the bulls manage to keep ADA above $0.51, CoinGape puts Cardano price forecast between $0.73 and $0.91 in 2024.
Compared to Chainlink (LINK), Cardano (ADA) seems to have a better chance of bullish returns this year.
Algotech (ALGT) promises 275% returns before launch!
The cryptoverse is now a treasure hunt for profits, and many DeFi projects only offer long-term returns from their blockchain applications. Algotech (ALGT) is one of the new ICOs that carries any real promise, as the token combine impressive short-term gains with even more attractive real-world utility.
Algotech (ALGT) is revolution in the financial trading sector, which brings in advanced algorithms as solutions to the common problems of manual trading. With so much at stake, many traders tend to make mistakes with market data analysis and risk management implementation, leading to avoidable losses.
Algotech (ALGT) offers next generation software which takes the tedious trading tasks off your hands, so you can analyze in real-time with better insights.
With Algotech, even novice traders can benefit from their trading as the algorithms make numerous strategy suggestions that keep traders one step ahead of the market. Join the pre-sale today and become a stakeholder in Algotech (ALGT) business. ALGT tokens are available at $0.04and Phase 1 buyers would be in 275% profit by the end of the presale.
With your investments, you stand a chance to win Apple devices for your trading, along with two VIP tickets to the Blockchain Life 2024 in Dubai to upgrade your crypto knowledge.
Get started with Algotech (ALGT) today; click below to join the presale.
Visit Algotech Presale
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