The approval of an Ethereum ETF caused a price shift for popular altcoins on the cryptocurrency market. While some altcoins lost their gains, others, like Arbitrum (ARB), Ondo (ONDO), and the new presale token Algotech (ALGT), portrayed growing demand amid price upticks. Let’s explore the price trajectories of ARB, ONDO, and ALGT to see why they are the top coins to buy today.
Arbitrum (ARB): Bulls Fight to Gain Control a Slight Decline In Price
Layer-2 networks were some of the biggest gainers of the Ethereum ETF approval. One such network that saw its price surge is Arbitrum (ARB). After the news, ARB surged by 10.6% from a low of $1.13 to a high of $1.25.
Arbitrum price corrected to $1.23 a day after the news of the ETH ETF approval but increased volume and network activity saw ARB rise to $1.27 a few days later, triggering a bullish sentiment. Despite the uptick, bears took over, and Arbitrum’s (ARB) price declined again to $1.23.
Despite sentiment turning bearish, technical indicators suggest potential resistance at $1.21, which could see ARB rise to $1.3 before the end of Q2 if bulls maintain the uptick. Conversely, if Arbitrum price falls below the $1.16 support, ARB could end the quarter trading at $1.11.
Algotech (ALGT): Demand Rises as It Nears Its End of Its Presale
Even though ARB is one of the best-performing Layer-2 networks, market volatility could bring Arbitrum price down to unexpected values. For this reason, investors are choosing to invest in a more stable altcoin. One of the top choices is presale crypto Algotech (ALGT), which boasts an innovative decentralized algorithmic trading platform that sets it apart.
Powered by AI, Algotech (ALGT) continues to garner investor confidence due to its capabilities for big data analytics, cloud computing, and other cutting-edge technologies. Even with its robust automation and foundation, Algotech (ALGT) has one of the most user-friendly interfaces, allowing beginners to understand it quickly and start trading.
While many investors are wary about investing in new ventures, demand for Algotech’s (ALGT) ongoing presale has attracted attention worldwide. During the first two days of its presale, Algotech (ALGT) raised $1.1 million, proving its worth as a good investment. Now in the Bonus Stage of its presale at $0.08, Algotech (ALGT) has already sold over 30% of its token.
Furthermore, Algotech’s (ALGT) launch price is anticipated to be $0.15, reflecting an 87.5% increase for those investing now. The gains, benefits and unwavering dedication make Algotech (ALGT) one of the best presale coins today. Can ONDO match this achievement? Let’s find out!
Ondo (ONDO): Price Could Go Past Its All-Time High By the End of Q2
Ondo (ONDO) is another top altcoin that was appreciated after Ethereum’s spot ETF was approved. On the day of approval, ONDO’s price increased by 16.25%, reaching a peak of $1.073 from a previous low of $0.923.
Subsequently, ONDO maintained a consistent upward trend, reaching a new record high of $1.33 within a few days. The significant increase to the new peak demonstrated a remarkable surge of 485% from $0.227 since its launch in mid-January 2024.
However, ONDO could not maintain its uptick. Despite experiencing a retracement from its highest value, ONDO continues to exhibit promising behavior, as evidenced by its price movements in Q2.
According to analysts, market momentum and investors’ sentiment could potentially drive Ondo’s price to surpass its all-time high by the end of the second quarter.
Read Also: Market Trends Show PEPE And Render (RNDR) Investors Rotating For 300% ROI On Algotech (ALGT) Presale