The cryptocurrency market has received some jolts of life in recent weeks, and ahead of what is to be a massive move that will likely see Bitcoin surpass its previous all-time high, many crypto whales are positioning themselves in smaller, newer Altcoins, with unique infrastructure, novel technologies, and are still under the radar. Fetch.ai, BNB, and Algotech are three of these cryptocurrencies, and we will look at why the hype has shifted from popular cryptocurrencies like Ethereum and Solana to these. Let’s get started.
Algotech
After the success of its presale which saw over $1.1 million worth of ALGT sold in 2 days, Algotech (ALGT) has gotten the attraction of whales and retail traders alike. The underlying architecture, which seeks to use novel techniques like machine learning, Artificial intelligence, and advanced data analysis tools to foster cryptocurrency trading, has been widely accepted. The platform seeks to reduce human emotional involvement in the trading process, and it does so by algorithm and automated trading strategies. Some of those strategies include Momentum Trading, mean reversion, and some arbitrage opportunities.
The Algotech (ALGT) token is at the center of the Algotech ecosystem, and many analysts are predicting the price will end 2024 at $0.15, a 275% increase from its current price of $0.04. the first sale of its presale Is over, and early birds have three more stages before listings on exchanges take place.
Ownership in Algotech also gives token holders some governance rights to make decisions about the future direction of the platform. Whales are moving into Algotech in droves, as it offers a great margin of safety in their quest for diversification.
Fetch.ai
Fetch.ai is an all-encompassing open-access machine-learning Blockchain network fueled by Artificial intelligence. One of its selling points is its decentralized economy, and its potential applications range from real-life uses like transportation and supply chain management to others like data sharing and machine learning.
Whales have been aggressively buying up Fetch.ai (FET) tokens. As of September 2023, the amount held by whales spiked up to 302.2 million FET, and this seems to have instilled confidence in most retail traders. Due to its close correlation with Nvidia, FET could be in for a very long bullish ride.
BNB
After a rough ride with the US Securities and Exchange Commission, which saw its founder resign, BNB seems to have put the past behind it and is soaring on to new highs. The cryptocurrency has crossed the $55 billion market cap, a figure last seen in November 2023. This sudden spike can be attributed to an increase in its whale activities as wallets holding above 1 million BNB have increased to 1,867. On the technical outlook, BNB is primed to increase to about $449 ($73 billion market cap) before it faces any real resistance. A Binance Coin price prediction even sees it at $507 by the end of 2024. Whales are adding to their position in BNB as it seems like Bitcoin’s increase and Binance’s dominance are not set to stop any time soon.
For more details about this project:
Visit Algotech Presale
Join The Algotech Community
Read Also: How Bitcoin Halving Influences the Crypto Market Dynamics?
