The altcoin market has been heavily influenced by Bitcoin’s price movement in the past few months, first spiking considerably through December before dipping by mid-January. Even top altcoins like Chainlink (LINK) and Cardano (ADA) have gotten hit by the fluctuations, allowing new DeFi project Algotech (ALGT) to gain popular support in the crypto-verse. The new token has launched its presale after its private seed sale raked in $1.1 million.
TLDR
- Chainlink price: LINK investors are losing confidence over token price.
- Cardano price prediction could drive ADA price to $1 target.
- Join the Algotech (ALGT) presale today; ALGT tokens are selling for $0.04.
Chainlink (LINK) Is Struggling to Keep Its Price Momentum
Consistent with the rest of the altcoin sector, Chainlink (LINK) has been in a bearish scenario for the past three weeks. However, the bearish signals have been clear since the last quarter of 2023, as the Chainlink price faced rejection at different resistance levels in November. The Bitcoin-induced bullish spike in December masked concerns about Chainlink price, and now that the market has gone bearish, the token predictions are not all too optimistic.
Investors are starting to look worried about the Chainlink (LINK) price position, as it is still trading around the $14 mark. The weekly loss is about 8%, and, according to analyst Michael van Poppe, the $13.20 level is a critical point for Chainlink. If the token tests that level in its downward trend, Chainlink (LINK) price might slip even further to about $11 or even $10.
Chainlink (LINK) price prediction is looking more bearish than bullish, and the next few weeks are telling for the altcoin.
Cardano Price Prediction: ADA Transaction Flux Is Pulling the Coin Back To Winning Ways
Cardano (ADA) might be caught up in the bearish wave, much like Chainlink (LINK), but the Cardano price prediction says otherwise about the token’s future trends. The ADA network has seen 10,000 new smart contracts added to its blockchain in the past month, indicating an increase in DApp usage and building. This could translate to long-term profits, making Cardano (ADA) one of the altcoins to watch this year.
For the short term, analysts are banking on Cardano (ADA) to hit as much as $1 by June 2024. Multiple analysts support the fact that the $0.48 support is essential to getting the Cardano (ADA) price back to the green. If the bulls manage to keep ADA above $0.51, CoinGape sets Cardano price prediction between $0.73 and $0.91 in 2024.
Compared with Chainlink (LINK), Cardano (ADA) seems to have a better chance at bullish returns this year.
Algotech (ALGT) Is Promising 275% Returns Before Launch!
The crypto-verse is now a treasure hunt for profits, and many DeFi projects offer only long-term returns from their blockchain applications. Algotech (ALGT) is one of the new ICOs bearing any real promise, as the token combines impressive short-term profits with even more attractive real-life utility.
Algotech (ALGT) is revolutionizing the financial trading sector, bringing in advanced algorithms as solutions to the prevalent problems of manual trading. With so much at stake, many traders tend to make mistakes with market data analysis and risk management implementation, leading to losses that could have been avoided.
Algotech (ALGT) offers next-generation software that takes the burdensome trading tasks off your hands, leaving you to analyze in real time and with better insights.
With Algotech, even beginner traders can start profiting from their trading, as the algorithms make numerous strategy suggestions that keep traders one step ahead of the market. Join the presale today and become a stakeholder in Algotech (ALGT) affairs. ALGT tokens are available at $0.04, and Stage 1 buyers would be in 275% profits by the end of the presale.
With your investments, you stand a chance to win Apple devices for your trading, along with two VIP tickets to the Blockchain Life 2024 in Dubai to upgrade your crypto knowledge.
Get started on Algotech (ALGT) today; click below to join the presale.
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