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Cardano and Arbitrum fall by more than 20%, While BlockDAG Presale Jumps to $6.3 Million

ADA fell by 26% in the past two weeks, from a high of $0.77 to a low of $0.57 ARB recorded an even sharper 35% correction, from a high of $2.25 to bottom out at $1.45 By contrast, BlockDAG secured $6.3M of investment in its presale The crypto market continues to trade in the red…


  • ADA fell by 26% in the past two weeks, from a high of $0.77 to a low of $0.57
  • ARB recorded an even sharper 35% correction, from a high of $2.25 to bottom out at $1.45
  • By contrast, BlockDAG secured $6.3M of investment in its presale

The crypto market continues to trade in the red zone, with many altcoins facing corrections. Specifically, Cardano saw a significant 26% decrease in value over the past two weeks, leading to a cautious Cardano (ADA) price prediction. Similarly, Arbitrum’s price faces potential further declines due to an upcoming token unlock.

On the flipside, the presale market is booming, with BlockDAG (BDAG) emerging as a frontrunner as it clocked up $6.3M in its presale stages.

Cardano (ADA) Price Prediction: Is Correction Looming?

The launch of a new stablecoin, USDM, on the Cardano blockchain caused a surge in ADA’s price and an increase in network activity. Despite these gains, concerns persist due to a negative MVRV ratio and bearish MACD and MFI indicators, hinting at a potential price correction. However, decreasing volatility suggested by Bollinger Bands presents a complex outlook for ADA’s price rally sustainability.

Whales Transfer $58M in Arbitrum Tokens to Exchanges Following Unlock

Arbitrum (ARB) witnessed a significant token unlock on March 16, releasing 1.1 billion Arbitrum tokens worth $2.32 billion to its team, advisers, and investors. Following this, whales moved $58 million worth of Arbitrum tokens to exchanges, contributing to a price drop.

Despite the recent unlock leading to a nearly 23.42% decrease in ARB’s price, another unlock of 92.65 million tokens, valued at about $157 million, is scheduled for April 16, potentially affecting the token’s market further.

BlockDAG’s Viral Keynote

BlockDAG (BDAG) has surged in popularity among presales following the release of a viral keynote video, which debuted on the digital screens of Shibuya Crossing in the heart of Tokyo. Following the keynote debut, BlockDAG’s presale witnessed an impressive influx of over $6.3 million in investments.

The core offerings of BlockDAG include BDAG coins, a crypto payment card, and its X-series lineup of mining rigs. The BlockDAG payment card, accepted at over 38 million locations globally, allows users to spend their BDAG coins and other major cryptos like Ethereum, Bitcoin, and Solana for everyday purchases.

As for the BDAG coins themselves, users can mine them with the X-series rigs and spend them with the BlockDAG card or trade on exchanges. These rigs are designed to be environmentally friendly and user-centric, capable of mining a range of cryptos and potentially generating $1 to $100 daily in passive income.

In response to the overwhelming early investor interest and the $6.3 million raised quickly, BlockDAG has announced a $2 million mega giveaway shared by 50 lucky community members. To participate in the giveaway, follow BlockDAG’s social media channels, submit your wallet address, increase your chances by completing all quests, and bring friends for additional entries.

Final Thoughts

The Cardano (ADA) network faces potential price corrections amid negative market indicators, despite a surge in network activity and price. Arbitrum (ARB) could see further price drop with a scheduled unlock of 92.65 million Arbitrum tokens on April 16. BlockDAG (BDAG) continues to attract significant investment in its presale, buoyed by its ROI potential and passive income opportunities.

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial


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Algotech (ALGT) raises over $500k in a single day during ongoing presale

San Fransico, California, April 9th, 2024, Chainwire Algotech (ALGT) has emerged in the limelight again with the milestone of raising $500,000 in a single day during its ongoing presale. In less than four weeks of the current presale, Algotech has raised over $3.5 million. Algotech’s Journey Algotech was launched as an initiative by successful traders…


San Fransico, California, April 9th, 2024, Chainwire

Algotech (ALGT) has emerged in the limelight again with the milestone of raising $500,000 in a single day during its ongoing presale. In less than four weeks of the current presale, Algotech has raised over $3.5 million.

Algotech’s Journey

Algotech was launched as an initiative by successful traders and technology experts who wanted to democratize access to advanced trading tools for layman users. The team wanted to provide beginning traders with the same high-tech tools that are used by hedge funds and large-scale investment firms. Combining this with the effectiveness of blockchain technology, Algotech has set its sights on becoming the leading platform by bridging together AI and blockchain technology in the trading segment.

Bringing Together AI and Finance

Millions of new users are embracing blockchain technology for its groundbreaking potential. However they still have to rely on traditional exchanges that design the ecosystem to favor institutional investors. Algotech is rectifying this challenge by introducing the first artificial intelligence (AI) based exchange that will allow users to have advantages in trading. The platform makes it simple for users to invest in cryptocurrencies and receive automated investment guidance.

Algotech’s Key Features

What makes Algotech a standout leader in the segment is the core features that have been introduced for traders. Imagine a trading landscape where regular traders have access to the same tools and resources as hedge funds and large-scale institutional investors. These tools conventionally have massive fees and are only available to a limited number of institutes. This is precisely the challenge that Algotech is working on addressing.

Here are the core features that are making Algotech is working on:

Breakout Detection

The breakout detection feature relies on advanced algorithms that factor in over 1000 unique data points to identify breakout opportunities. These algorithms have been trained on H100 GPUs to ensure that traders can get accurate investment calls for high-precision calls.

Hedging

Algotech allows traders to minimize investment risk by monitoring funding levels, liquidity, and spread. These factors generate warnings and allow users to implement advanced risk management including automated stop-losses.

High-Volume Arbitrage

This feature allows users to take advantage of the difference in pricing between different platforms using Algotech’s technical APIs. With high positioning sizing, users can handle trades with ease.

The Growing AI Blockchain Segment

The growth of the AI sector has been exceptional. In the past few years, the sector has grown multifold, and today, it has a market cap of over $25 billion, according to CoinGecko. In the coming few years, this number is expected to explode further as millions of new users are now looking for AI-based features in their day-to-day applications. One of the biggest sectors under the spotlight is the trading sector. The global cryptocurrency exchange segment is currently valued at over $45 Billion and is expected to reach $110 Billion in 2028. Additionally, beyond just cryptos alone, AI blockchain technology is also expected to serve as the backbone of the global trading ecosystem. This is where Algotech expects to bridge the gap by introducing AI-based trading features. These features will allow beginner traders to have an even playing ground against leading institutional investors and seamlessly invest using AI as their guide.

About Algotech

As Algotech continues its journey to transform Decentralized Finance (DeFi) with its innovative products, it is exciting to see the community support for this mission. The platform is democratizing access to trading tools for individuals across the world by providing AI features. Additionally, Algotech is making investing inclusive for the broader community by making it simple for users to become an early part of the community by providing governance rights and profit shares. As the project moves through its phases, we can only look toward the achievements that are on the horizon for Algotech, a true AI-blockchain project.

Visit the links below for more information about Algotech (ALGT): 

Algotech is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in cryptocurrencies is volatile and risky.

Contact

Algotech


Algotech Solutions


[email protected]


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IOTA price nears a key support: Can bulls bounce on key news?

IOTA price is down 4% in the past 24 hours and trades near $0.30. The IOTA team announced a key partnership in Singapore,but is the price set to bounce or dip futher? IOTA’s price has declined 5% in the past 24 hours to trade near a key support level. The slip now has weekly gains…


  • IOTA price is down 4% in the past 24 hours and trades near $0.30.
  • The IOTA team announced a key partnership in Singapore,but is the price set to bounce or dip futher?

IOTA’s price has declined 5% in the past 24 hours to trade near a key support level. The slip now has weekly gains cut to just 2% while the altcoin has turned red on the monthly time frame.

The IOTA token trades at $0.31, down from recent highs of $0.41. This cryptocurrency is also one of the worst performing since the 2017 bull market. Per data from CoinGecko, IOTA is down more than 94% since its all-time high above $5.25 reached over six years ago.

On Tuesday, IOTA announced a major partnership with Tenity as it looks to tap into the growth potential in the Real-World Assets (RWAs) and DeFi sectors. The APAC Accelerator is a 12-week program that will see select startups receive $50k in grants.

📣 Big news from Singapore! We’ve teamed up with @tenity_global to launch the #IOTA APAC Accelerator, a 12-week program to empower the next generation of DeFi pioneers.💪

Find out how you can apply & receive a $50,000 grant 👇 https://t.co/R4EQAVaX4O pic.twitter.com/rKQp9jJqDa

— IOTA (@iota) April 9, 2024

Despite this and other recent key developments, price remains largely devoid of any strong momentum.

IOTA price – bounce or dip?

Bitcoin’s run to the new all-time high above $73k in March catalysed strong gains for most altcoins. Ethereum for instance reached a multi-year peak above $4,000 while Solana, BNB and even Dogecoin soared.

IOTA did manage to break above $0.30 during the broader market spike in March. However, it remained well below its 2021 highs above $2 and as a result has dropped out of the top 100 by market cap.

Can IOTA’s price recover to the last bull market highs and potentially eye a retest of its ATH?

IOTA price chart

IOTA/USD on the weekly chart is below the 50-week EMA and the RSI is trending lower below 50.

A symmetrical triangle pattern is also formed on the daily chart, with price capped by a downtrend line since mid-March.

If price breaks out from the upper trend line, IOTA could retest levels at $0.35 and potentially $0.41 to allow for a bullish breakout in line with the broader market.

On the flipside, a breakdown for IOTA from the lower trend line would indicate a bearish trend. In this case, a drop to $0.20 is possible, below which bears could target October 2023 lows of $0.13.


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Analyst: Solana to Reclaim $200, Many New Crypto ATHs Soon

In his latest social media posts, Daniel Cheung, co-founder of Syncracy Capital, expressed confidence in the strength of solana (SOL) and its potential to reclaim the $200 mark. He also hinted that upcoming upgrades could pave the way for new all-time highs (ATHs). Cheung also shared his bullish outlook on bitcoin (BTC…
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