Polkadot (DOT) Burns Tokens As Binance (BNB) Cuts Staff After Investors Turn To Algotech (ALGT) Presale
2024 is turning out to be bullish for the crypto […]
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2024 is turning out to be bullish for the crypto market, with most projects moving to the green. One project that has hit the most headlines is Algotech (ALGT). The outstanding success of its ongoing presale has attracted investors from far and wide.
Subsequently, the project has raised over $2 million in no time. Meanwhile, long-standing projects like Polkadot (DOT) and Binance (BNB) have settled with only moderate gains.
Polkadot (DOT) Removes Over 431k Tokens
Following the overall market trend, Polkadot (DOT) has moved northward on the price chart. In the past month, the market value of Polkadot (DOT) has increased by 56%. Consequently, the current trading price of Polkadot (DOT) is $10.45.
Polkadot’s latest token burn event has given a push to DOT tokens. Recently, Polkadot burned DOT tokens worth $3.7 million. Notably, the number of burned Polkadot (DOT) tokens was 431,370, and they belonged to the network’s treasury.
As per experts, the burn event creates a scarcity of tokens, which can further help Polkadot’s (DOT) price.
Binance (BNB) US’ Revenue Plunges 75%
Binance (BNB) has been sailing through troubled waters for the past many months, which has hurt its revenues. Notably, the revenues of Binance’s (BNB) US arm have plunged by around 75% since June. Now, Binance (BNB) is resorting to layoffs to keep its operations going.
As per the official disclosure by Binance (BNB), the company has laid off more than 200 employees. As per experts, the biggest reason forcing Binance (BNB) to take this step is the US SEC’s actions against the company. However, Binance (BNB) is still up by 4% on the weekly price chart. Hence, at press time, Binance (BNB) is changing hands at $432.84.
Algotech (ALGT) Redefines Crypto Presale Success
Looking to make a big name in the trading world? Join Algotech (ALGT) now! It is a soon-to-be-launched crypto trading platform that operates on advanced algorithms. Moreover, the platform will offer support for a range of cryptocurrencies, and trading pairs. Algotech (ALGT) will also tie up with leading crypto exchanges, including Uniswap.
The project will exploit machine learning, artificial intelligence, and advanced algorithms to offer high-frequency and low-cost trading. As per a market report, the size of the algorithmic trading industry can surge to $42 billion by 2030. Now, with Algotech (ALGT), you can rely on data and say no to emotional biases.
Algotech (ALGT) will track and observe a broad set of market data and trends. Subsequently, it can detect any trade anomalies. Thus, the platform will protect you from any fraudulent activities. Besides, users will be able to follow and share profitable trading strategies with other members.
The platform has also gained significance due to its top-notch scalability. Algotech (ALGT) can process large amounts of trade without compromising its high speed. Join the platform in the early stages, and get several benefits.
If you become a presale ALGT token holder, you can win the latest iPads, Apple Watches or two VIP tickets for a live blockchain event in Dubai. Additionally, the token holders will get governance rights and dividends.
During the recently completed stage 1 of the platform’s presale, an Algotech (ALGT) token’s price soared by 50%. Now, in stage 2, a token is available to lock at $0.06. However, experts believe that the market price of Algotech (ALGT) tokens will skyrocket by 275% during the presale phase.
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