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Monero (XMR) and Zcash (ZEC) Struggle Amidst Market Volatility, Algotech (ALGT) Presale Sparks Investor Interest Offering 275% ROI

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The declining market performance of Monero (XMR) and Zcash (ZEC) has prompted numerous holders to delve into the world of valuable crypto gems. Hence, many investors have embraced Algotech (ALGT) as one of the best altcoins to buy today as it offers an unbelievable 275% ROI at the ongoing presale phase. In addition, ALGT raised over $1.1 million during the private seed sale.

TLDR

  • Monero (XMR) could drop beneath the $145 mark in February 2024.
  • Zcash (ZEC) bears expect dips under $20 in February 2024.
  • Algotech (ALGT) provides 275% gains before the official launch.

XMR Price Forecast: Will Monero Decrease Under $145?

Monero’s (XMR) price has dipped by 3.69% over five days, from $158 on January 19 to $152 on January 24. XMR bears warn that Monero’s highly increased market volatility could announce the beginning of a prolonged negative trend over the upcoming XMR price movements. According to a recent XMR price forecast, Monero (XMR) could trade at under $145 by the middle of February.

Analysts point to Monero’s (XMR) regulatory issues as another factor behind this negative prediction. For example, the popular OKX exchange decided to delist XMR on January 5. On the other hand, XMR bulls are confident that the latest positive developments within the wider Monero (XMR) community could inspire many crypto enthusiasts to buy Monero over the next term.

While Monero (XMR) announced the release of Feather Wallet 2.6.2 on January 3, the recent launch of the Samourai Swaps BTC-XMR atomic swaps platform is another reason why some experts have given a positive XMR price prediction. More precisely, Monero bulls believe that XMR could bounce back toward the $170 range within the next two weeks.

<blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>Speaking of which: <a href=”https://t.co/cFDplv46AI”>https://t.co/cFDplv46AI</a> Samourai Swaps beta is now &quot;live&quot;. <a href=”https://t.co/OlLAKaNTf9″>https://t.co/OlLAKaNTf9</a></p>&mdash; TDevD [No KYC, no T&amp;C, no 🍌] (@SamouraiDev) <a href=”https://twitter.com/SamouraiDev/status/1747308463762325707?ref_src=twsrc%5Etfw”>January 16, 2024</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>

Zcash Price Prediction: Will ZEC Continue its Negative Trend?

The price of Zcash (ZEC) has decreased by 7.55% over four days, from $23.57 on January 20 to $21.79 on January 24. Crypto analysts expect more pronounced price dips within the next term due to Zcash’s (ZEC) massive volatility and rising regulatory concerns. While OKX delisted Zcash (ZEC) at the beginning of the year, the platform had to implement a transparent ‘exchange-only’ address type for ZEC to remain on Binance.

Thus, several market experts have recently given a negative Zcash (ZEC) price prediction, stating that ZEC could drop beneath the $20 range by the middle of February.

On the other hand, ZEC bulls praise Zcash as one of the best altcoins to invest in 2024 due to its position as one of the most popular privacy-focused cryptocurrencies. As for the latest optimistic Zcash price forecast, ZEC is bound to exceed the $25 mark by the end of the following month.

In recent ZEC news, the platform released the latest Zcash Protocol Research and Development updates on January 12.

<blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>Here are the latest <a href=”https://twitter.com/hashtag/Zcash?src=hash&amp;ref_src=twsrc%5Etfw”>#Zcash</a> Protocol Research and Development updates <br><br>Zcash Shielded Assets, Detection Keys, a demo of Liberated Payment &amp; updates from <a href=”https://twitter.com/binance?ref_src=twsrc%5Etfw”>@binance</a> !<br><br>Full summary below 👇<a href=”https://twitter.com/hashtag/Zcash?src=hash&amp;ref_src=twsrc%5Etfw”>#Zcash</a> <a href=”https://twitter.com/search?q=%24ZEC&amp;src=ctag&amp;ref_src=twsrc%5Etfw”>$ZEC</a> <a href=”https://twitter.com/ZcashCommGrants?ref_src=twsrc%5Etfw”>@ZcashCommGrants</a> <a href=”https://twitter.com/ZcashFoundation?ref_src=twsrc%5Etfw”>@ZcashFoundation</a> <a href=”https://twitter.com/zcash?ref_src=twsrc%5Etfw”>@Zcash</a> <a href=”https://twitter.com/ElectricCoinCo?ref_src=twsrc%5Etfw”>@ElectricCoinCo</a> <a href=”https://t.co/6gfeEyaA0x”>pic.twitter.com/6gfeEyaA0x</a></p>&mdash; Jason R 🛡️ (@zksquirrel) <a href=”https://twitter.com/zksquirrel/status/1745603194523160764?ref_src=twsrc%5Etfw”>January 12, 2024</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>

Algotech (ALGT) Builds Momentum as the Best Cryptocurrency to Buy Now

Algotech (ALGT) is a new decentralized algorithmic trading platform that offers a stable trading experience with significantly reduced risks. Algotech (ALGT) users can utilize the platform’s game-changing automated systems and machine-learning abilities to detect the most rewarding trends in the overall market space and extract optimized rewards from their investment decisions.

In addition, Algotech (ALGT) has the potential to revolutionize the industry through its focus on groundbreaking investment strategies such as hedging, trend following, mean reversion, and arbitrage strategies.

On top of that, adopters of the ALGT ERC-20 standard token gain governance rights within the democratic community as well as partial ownership of the incredible Algotech software. Furthermore, ALGT holders enjoy multiple benefits through Algotech’s dividend scheme, such as a regular passive income.

While Algotech (ALGT) is currently priced at just $0.04, investors are looking at 50% gains as early as Stage 2 of the presale, when the token’s price will increase to $0.06. However, Algotech (ALGT) holders can expect an incredible 275% ROI when the token reaches the projected $0.15 target by the end of the presale.

Many successful traders have pointed to Algotech (ALGT) as the top crypto to invest in 2024 because of its extraordinary growth potential. Head to the presale right away to see why ALGT is recognized as a better long-term investment than Monero (XMR) and Zcash (ZEC)!

Visit Algotech Presale

Join The Algotech Community



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Press Release

Bitcoin Price Inches Closer to $52K While Algotech Presale Nears the $1 Million Mark

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The cryptocurrency market is buzzing with excitement as Bitcoin (BTC) surges past the $52,000 milestone. Meanwhile, Algotech (ALGT), a promising project, is making waves in its presale phase, inching closer to the $1 million mark.

 

Bitcoin (BTC) Mounts Recovery After Recent Dip

On Wednesday (February 22), Bitcoin (BTC) surged close to $52,000, reclaiming its $1 trillion market capitalization. Despite a dip below $51,000 in the previous period due to market correction, BTC rallied during European trading hours.

This rally propelled BTC’s market value back above $1 trillion, marking the second time since December 2021. Bitcoin saw a 1.7% increase over the past 24 hours, mirroring the broader trend in the market, signaling strong support for the coin.

As demand for spot bitcoin exchange-traded fund (ETF) products grows, some traders are setting their sights on the $64,000 level in the coming weeks. Positive sentiment has been bolstered by strong inflows into U.S.-listed spot bitcoin ETFs, with BlackRock’s IBIT seeing nearly $500 million in net inflows. Meanwhile, outflows from the incumbent Grayscale Bitcoin Trust (GBTC) have been gradually slowing down.

However, there is a possibility of redemptions picking up soon, as Genesis, a crypto lender, has received bankruptcy court approval to sell its GBTC holdings worth $1.3 billion, according to Bloomberg. Swissblock analysts highlighted in a Wednesday report that BTC will likely continue its uptrend as long as it holds the key support level at $46,000, although they cautioned about slowing momentum.

 

Algotech’s Presale Momentum Picks Up

Algotech’s (ALGT) public presale starts with the ALGT token priced at $0.04 in Stage 1. This follows a successful private seed sale where Algotech raised $1.1 million in just two days, selling over 55 million ALGT tokens. Now, with less than 40 million ALGT tokens available for sale, the public presale offers crypto enthusiasts the opportunity to purchase the ALGT token on the Ethereum network (ERC-20).

Algotech represents a state-of-the-art decentralized algorithmic trading platform tailored to the dynamic realm of trading. Through its sophisticated algorithms and machine learning capabilities, Algotech enables traders to navigate intricate markets with efficiency, precision, and reliability.

The TradFi platform is spearheading a revolution in cryptocurrency trading by introducing its advanced decentralized algorithmic trading platform, which disrupts traditional manual trading methods. By harnessing cutting-edge algorithms and blockchain technology, Algotech ensures transparency, immutability, and security, effectively overcoming the limitations of manual trading. Tailored for the dynamic cryptocurrency trading realm, its platform executes precise investment strategies.

Backed by its superior technology and market sentiment, the ALGT token is expected to rally ahead of its presale price of $0.04 all the way up to $0.15 at the end of the presale. Some analysts are even predicting a price point of $1 once the project is listed on major exchanges.

 

You can find more details about this project:

Visit Algotech Presale

Join The Algotech Community



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ProBit Global Crypto Exchange Lists GTAI On Its Platform

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  • ProBit Global cryptocurrency exchange has listed GT Protocol’s token, GTAI on its platform.
  • Trading, deposits, and withdrawals commenced February 15.
  • GTAI token holders benefit from GT Protocol’s Web3 and AI technologies, offering solutions across CeFi, DeFi, and NFT markets.

Prestigious global cryptocurrency exchange ProBit Global lists GT Protocol’s GTAI token, enabling seamless cryptocurrency trading and portfolio management. 

GT Protocol is a multichain protocol for DeFi investment pools management & decentralized copy trading on DEX platforms.

In an announcement on ProBit Global’s official website via press release and subsequent social media posts, the move marks a milestone for the broader crypto ecosystem. 

See Also: Bitcoin Target $63,000 By March 2024, Is This Achievable: Matrixport Report

The announcement also highlighted that trading pairs GTAI/USDT were made available from February 15, facilitating seamless deposits, withdrawals, and trading activities.

Leveraging advanced Web3 and artificial intelligence technologies, GT Protocol claims to offer a transformative solution that spans across traditional centralized finance (CeFi), decentralized finance (DeFi), and the burgeoning NFT markets.

GT Protocol’s token, GTAI, serves as the backbone of the platform’s ecosystem, facilitating various functions. 

At its core, the token fuels the ecosystem rewards, incentivizing active participation within GT Protocol.

Moreover, with long-term holdings, staking, and exclusive product perks, GTAI token holders stand to benefit from significant advantages by supporting GT Protocol’s goal of making it easier for people to join the global cryptocurrency market.

Addressing the listing, ProBit Global BD and Partnerships Manager, Onur Özcan, stated,

“We’re thrilled to boost accessibility of AI tokens via our sizeable footprint and user base, especially given the market conditions and investment opportunities that exist in the AI space at the moment.”

Looking ahead, GT Protocol, fueled by the features of the GTAI’s ecosystem, aims to improve accessibility in cryptocurrency investing, particularly, for new traders.

See Also: Reddit Announced Its Bitcoin (BTC), Ethereum (ETH) Holdings Ahead Of IPO

ProBit Global was founded in 2018 and is among the top 20 crypto trading platforms, featuring access to 800+ cryptocurrencies and over 1,000 markets. 

The platform is distinguished by its robust crypto trading interface, compatibility with automated trading bots, and inclusion of a fiat on-ramp supporting 45 currencies, ProBit is a user-friendly experience for all.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN





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Axie Infinity Co-Founder Loses $9.7m 3,248 Ethereum Wallet Hack

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  • Two personal crypto wallets of Axie Infinity Co-Founder, Jeff “Jihoz” Zirlin, got compromised, allowing the hacker to walk away with $9.7 million worth of Ethereum (ETH).

Two crypto wallet addresses belonging to Jeff “Jihoz” Zirlin, one of the five co-founders of Axie Infinity and Ronin Network, were hacked, and roughly $9.7 million worth of Ethereum (ETH) 

On Feb. 23, blockchain investigator PeckShield alerted about a “whale wallet” compromise over the Ronin Bridge, reporting that the hacker made away with 3,248 ETH. 

Aleksander Larsen, co-founder of Ronin Network, immediately responded that “the (Ronin) bridge itself has top security” and suspected a wallet hack instead.

Larsen also highlighted that the Ronin Bridge had been audited and is designed to pause if an unusually large withdrawal is detected. 

See Also: Crypto Gaming Platform PlayDapp Lost $290 Million Worth Of PLA Tokens In Two Hack Exploits

Soon after, Zirlin confirmed that two of his personal wallets had been hacked. He said the attack was not due to vulnerabilities within the Ronin chain or Sky Mavis operations, adding:

“I want to assure everyone that we have strict security measures in place for all chain-related activities.”

PeckShield said that the root cause of the hack was a “wallet compromise,” which allowed the unauthorized outbound transfer of funds.

While no particular details were shared about the events that led to the hack, Zirlin’s message suggests that the private keys of the two wallets were leaked, which led to unauthorized access to his personal crypto wallets.

PeckShield’s investigation of the compromised wallets from Ronin Bridge v2 suggests that the 3,248-ETH loot was initially split and moved to three different wallets. 

The funds eventually made their way into Tornado Cash, a service often used by hackers to anonymize the funds’ ownership and traceability.

On Feb. 1, Binance froze $4.2 million worth of stolen XRP, a part of the $112-million hack on Ripple co-founder Chris Larsen’s personal wallet from Jan. 31.

Unlike Axie Infinity’s Jihoz hacker, Larsen’s hacker didn’t use crypto mixer services or decentralized exchanges to hide their identity. 

As a result, Binance was able to track down some of the funds and block them from the hacker’s access.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

 

#Binance #WRITE2EARN





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