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With SOL down 70% from its peak, only 42% of DOGE holders benefit. Whales are now looking to Algotech (ALGT) to rebalance their portfolios.
According to statistics from Cryptorank, only 42% of Dogecoin (DOGE) holders are making a profit, and for Solana (SOL) the numbers are even worse, down more than 70% from its all-time high.
Whales have started rebalancing their portfolios, and one name that stands out among the cryptocurrencies they are buying is Algotech (ALGT).
Dogecoin’s path beyond the hype
Dogecoin has always been a speculative asset. Despite lacking solid fundamentals, whitepaper, and roadmap, it has captured the attention of a wide range of investors as it occupies the meme coin crown.
The value of Dogecoin has risen exponentially since its launch, but there comes a time when investors ask themselves what value this brings. This question and the answers discovered led to an investor outflow from Doge to lesser-known names with solid fundamentals. Algotech (ALGT) was one of the biggest beneficiaries, reaching $1.1 million in pre-sales in the first two days.
Solana’s Pain Point
While Dogecoin prides itself on being a meme coin with zero qualitative value but lots of social appeal, Solana is a mix of the two. The cryptocurrency that was created as the Ethereum (ETH) killer has grown exponentially to become one of the top 10 coins by market capitalization.
Despite this growth, it has not even scratched the surface of its goal of overtaking Ethereum in terms of scalability. Occasional blockchain outages don’t help the cause either. Despite scalability issues, Ethereum 2.0 has proven to be a much better alternative to Solana. These issues have led Solana Whale to diversify some of its tokens into new projects.
Solid use cases for Algotech
Across forums and chat groups, Solana and Dogecoin investors are brimming with excitement about the new cryptocurrency with a solid use case, strong development team, and good sentiment.
Algotech (ALGT) is a decentralized algorithmic trading platform that meets the knowledge requirements of new traders and the expertise requirements of experienced traders. We use automated algorithmic systems to reduce emotional trading to a minimum while schematic and strategic trading booms.
Algotech is emerging at a time when demand for automated trading is increasing. We aim to establish ourselves as a market leader with few competitors.
At the heart of the Algotech platform is the ALGT token. ALGT is an ERC-20 token used for voting rights in future developments. Depending on the number of tokens you hold, dividends are also shared, mainly through transaction fees.
Algotech’s pre-sale event broke records, making it the first cryptocurrency to garner $1.1 million in the first two days of pre-sale. Analysts expect Algotech’s price to rise from the current $0.04 to $0.15 after the fourth stage of pre-sale. This 275% increase marks the beginning of Algotech’s rise and will likely see it receive more attention from the whales of other blockchain networks.
For more information about this project, see:
Visit Algotech Presale
Join the Algotech Community
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