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IOTA and Toncoin seek gains as Algotech picks presale momentum

By:
on Mar 24, 2024
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  • Algotech (ALGT) surpasses $3.1 million in presale as investors eye algorithmic trading market.
  • Toncoin (TON) price targets new all-time high amid network news.
  • IOTA price bounces off support but bulls may struggle.

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IOTA and Toncoin are eyeing new gains as investors target fresh momentum. However, the price outlook for the two tokens is different given recent performance.

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Meanwhile, investors are increasingly shifting attention to new project Algotech (ALGT), currently priced at $0.06 in presale.

Algotech (ALGT): Investors eye presale opportunity

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As the crypto world opens up trading opportunities, traders are keen on trading tools and infrastructure offering the most profitable returns.

Algotech is one of these new platforms. This is a decentralised algorithmic trading platform with AI capabilities. It offers access to key trading strategies including momentum trading, mean reversion and breakout trading.

This means users can exploit different market opportunities, utilizing machine learning and AI to benefit from greater efficiency and accuracy.

Interest in Algotech has increased despite the downturn that hit the crypto market this week.

Currently in stage 2 of its presale, Algotech (ALGT) has raised more than $3.1 million from investors seeking an early opportunity to bet on a potentially breakout project. The current price is $0.06 and will increase to $0.08 in the next stage.

The presale currently stands at over 78 million ALGT tokens sold.  

Toncoin (TON) price: Bulls targeting new all-time high

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Toncoin (TON) has been one of the top performing altcoins in recent weeks. The token of the layer-1 blockchain has benefited from tailwinds around Telegram and The TON Foundation.

Last month, an announcement from Telegram regarding ad revenue for channel owners boosted TON price. That sentiment carried to this week when the TON Foundation unveiled a rewards program that will see the community share 30 million TON.

Toncoin price has therefore looked poised for an upside breakout. With prices currently at $4.90, it could be that TON breaks past the all-time high of $5.29 reached in 2021.

The bullish outlook makes Toncoin one of the altcoins attracting investor attention.

IOTA price: What next after bouncing off support?

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IOTA has performed dismally since breaking out from around $0.25 in mid-February to hit highs of $0.42 on March 14.

The downside that followed Bitcoin’s crash from its all-time high to around $60k saw IOTA price plummet to support around $0.27. While prices recently retested $0.33, it’s hovering near $0.31. The IOTA/USD pair is down 11% in the past two weeks.

However, investors are likely eyeing fresh upside impetus for IOTA after the ecosystem team shared more about a new grants program. 

A move to $1.00 would represent a key target for bulls in the short term. Otherwise, bulls have a lot to do if they are to reclaim the ATH of $5.25 reached in 2017.

Conclusion

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Toncoin is seeing significant adoption as the ecosystem grows, a factor likely to push the TON price higher. IOTA on the other hand has struggled for upside traction despite bulls’ recent attempts.

Meanwhile, Algotech (ALGT) is emerging as one of the top crypto trading platforms for traders. As the community eyes the upcoming launch, early birds see the presale as an opportune moment to bet on ALGT.

You can learn more about Algotech here.

This article is a collaboration between our Editors and our Partners, and it may contain sponsored advertising content and links. The content is not intended as financial advice and is for informational purposes only.

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