2024-3-27 19:02 |
Trading bots are in focus this year since the both stocks and cryptocurrencies are expected to do well in 2024.
Algotech may be a good pick for 2024Relying on a genuine trading bot can help you take advantage of the continued bull cycle ahead.
If you’re looking for one that uses technological innovations to minimise risk and maximise profits for an investors in the financial market – you’d want to learn more about “Algotech”.
Algotech is a fairly recently launched platform but one that’s already taking the trading world by storm. It has recently announced a big giveaway worth $250K as well to attract more users to it.
But before you choose to be one of them, let’s find out more about Algotech and what it has to offer.
A brief introduction to AlgotechAlgotech describes itself as a “decentralised algorithmic trading platform” aimed at helping you make smarter decisions as an investor in the financial markets.
It uses tried and tested strategies like “hedging, mean reversion, and trend following” to make sure that investors make safer trades with maximum potential for lucrative returns.
Like banks, it can “earn profits by exploiting price discrepancies across several exchanges” as well. What makes Algotech particularly exciting is that it shares a part of its trading fees with users as long as they own its native ERC-20 token.
Yes, Algotech has a crypto coin of its own called “$ALGT” that makes holders eligible for governance votes and proposals as well. Interested in finding out more about Algotech and its native coin? Click here to visit the platform’s website now.
$ALGT is an AI play in a wayAs evident, Algotech is not entirely about utility but the $ALGT token turns it into an investment in itself as well.
$ALGT presale has raised well over $3.0 million in just three weeks which signals strong demand that typically indicates solid future potential in any given investment. The crypto coin is currently priced at 6 cents only so it’s not like you need a huge capital to secure a sizable position in it either.
Considering that Algotech is basically a trading bot – $ALGT token, in a way, give you exposure to the artificial intelligence market as well that is expected to grow at an accelerated pace in the coming years.
The native coin may also list on a notable crypto exchange after the presale that also tends to deliver a boost to price. You can explore ways to invest in the Algotech coin on this link.
Crypto tailwinds may benefit Algotech ($ALGT)Lastly, it is worth mentioning here that $ALGT is a crypto token at its core. So, the crypto market tailwinds may help its price as well.
For instance, the U.S. central bank last week signalled plans of cutting rates three times this year. That could be a catalyst for Algotech since investors are more prone to investing in “risk-on” assets like cryptocurrencies when rates are going down.
Plus, Bitcoin is broadly expected to outperform in 2024 on the back of ETFs related capital inflow. $ALGT may benefit from it as well since BTC is a bellwether and the crypto market at large usually moves in the same direction in which Bitcoin does.
Note that Algotech has already garnered over 8,500 users in a matter of weeks. If you want to be added to that list today, click here.
The post Is Algotech worth considering to fully benefit from ongoing bull cycle? appeared first on Invezz
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