The post Uniswap and Notcoin Pullback While Algotech Continues Bully Rally, Could 100x Be On the Cards? appeared first on Coinpedia Fintech News
Recently, the cryptocurrency market has faced significant volatility. After rising surprise values, few are now falling, while others are still strong. Uniswap and Notcoin have been cryptocurrencies on the discussion boards for the past month.
On the other hand, Algotech is quite a newer player but has once again taken the hype by storm with its project, which could show meteoric growth and maybe 100x very soon.
Uniswap Rallies 69% in Three Weeks, Now Faces Decline
Uniswap’s primary token, UNI, surged to almost $12 last week but has since declined. At present, Uniswap is trading at $9.94 with a trading volume of $207 million in 24 hours and a 0.40% decrease in the past day. Even though it has dipped recently, Uniswap remains strong at #19 on CoinMarketCap and has a market cap of $5 billion.
The last three weeks were particularly bullish for UNI: it went from $6.7 to $11.39 which is a 69% increase over such a short period of time. The price rise during that time was significant enough to suggest that there might’ve been a reversal in the previous month-long accumulation phase for cryptocurrencies, generally speaking.
Hayden Adams, the founder of Uniswap, injected some excitement into the atmosphere with a recent X post. The post hints at the possibility of Uniswap looking into stopping gas fees, which have always been a bone of contention for individuals making transactions on the Ethereum blockchain.
Notcoin’s Price Drops After Initial Hype
Notcoin has been making a lot of noise since it was launched. Although it started off strong, with many people being excited about it, the value of Notcoin dropped significantly on the market shortly after its release. In the last month alone, Notcoin’s price surged more than 23.03%, giving investors some much-needed relief.
However, it was short-lived, as it went down by 10% within seven days. At the moment, NOT trades at $0.01778, representing a 12% decrease in value over the past 24 hours, with a market cap of $1 billion. The decline in price negatively affected Notcoin’s social volume as well as its weighted sentiment, which remained below zero, signifying the predominance of bearish sentiments in the market.
Algotech Presale Raises $6.4M, Eyes 100x Growth
Even though Uniswap and Notcoin experienced some hiccups, Algotech’s presale seems unshakable, hence triggering discussions that the coin could grow by 100x. The presale is now at the bonus stage, having collected more than $6.4 million and still continues. Experts are projecting ALGT to hit $1 immediately after it has been unveiled while others argue that it is the best option in these bullish moments.
Recently, Algotech spent $1.2 million on H100 GPUs as an investment towards enhancing the speed, accuracy and overall performance of its AI engine. Set up as a decentralized platform for algorithmic crypto trading, the platform’s main objective is to bring about innovation in investment and trading.
In the vision of Algotech, it wants to create a world where any trader can utilize their full potential and consistently make money using intelligent automated systems. The platform hopes to provide traders with real-time insights to enable them to remain competitive and also knowledgeable when it comes to decision-making processes during trading hours.
One major advantage point for Algotech is its strong technical architecture capable of handling huge trading volumes through fast execution; this combined with lower latencies ensures reliability while providing friendly user experiences even on complex financial instruments markets thus making it an ideal technology toolset designed specifically for traders who seek rapid transaction speeds.
Learn more:
Visit Algotech Presale
Join The Algotech Community
