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Altcoin season is upon us, and the hegemony of Bitcoin is being challenged as the prices of select altcoin rally high amidst Bitcoin’s struggle to taste its March all-time high of $75,830. The spotlight is on three altcoins: Pepe Coin (PEPE), Jupiter (JUP), and Algotech (ALGT).
Their price rally so far has caught the attention of investors and crypto enthusiasts, and as confidence rises, the trend is expected to continue even further
Pepe coin took the crypto space by surprise when its price spontaneously rallied to its current all-time high of $0.00001725 on Binance earlier this week, a whopping 81% price surge.
Pepe Coin ($PEPE) was launched in 2023. The frog-themed cryptocurrency quickly became an internet sensation, ranking among the most highly traded crypto coins. As a testament to its phenomenality, PEPE surpassed a $1 billion market cap three weeks after it launched: a feat that took Dogecoin (DOGE) four years to attain.
The frenzy appeared to have cooled down, but the coin recently took off again, with a rallying in its price that caught the attention of investors, traders, and crypto enthusiasts alike. The recent skyrocket in the price of Pepe Coin were accompanied by a significant rise in the number of active Pepe addresses and dominance in social media discussions. Without a doubt, investors are bullish on the coin and are expecting more bullish price movement from the internet’s beloved meme coin.
It’s altcoin season but Jupiter (JUP), having enjoyed rallying rounds, appears to be losing steam.
Jupiter is more than a decentralized crypto exchange, it is a liquidity aggregator, and also a key driver of the decentralized exchange (DEX) activities on the Solana network. As of early May, Jupiter’s native token (JUP) experienced a 12% price surge, to trade at $1.05, with a trading volume of $181 million.
Jupiter’s first uptrend started after a dip that took place in February, which saw the coin trade below $0.45. The uptrend that later culminated in an all-time high of $1.5521 on March 18th. A retracement followed, but the trend reversed and the price of the token surged, causing analysts to believe it was time the coin reached the $2 mark.
Jupiter’s price touched $1.3 on May 18, before losing steam again, falling below a critical support level of $1.09, and now it trades at $1.11. The coin has undoubtedly shown resistance and will continue its bullish run.
Want to know the next big thing in the crypto space? Just follow the money. If you do, you’d see that a lot of the money is following Algotech (ALGT) as its presale has netted over $6 million. Investors and crypto enthusiasts are in shock, they’re bullish on the project, as they believe that Algotech is set to revolutionize crypto trading.
Algotech is set to radically change crypto trading by building AI into its trading platform. The Algotech platform seeks to compensate for human flaws in trading. This includes analyzing massive chart data and helping traders make data-driven trade decisions that are not clouded by emotions.
The vision is disruptive, and investor’s money is rallying behind it. Algotech’s multi-stage presale is catching the gaze of traders and crypto enthusiasts alike, as they’re prompted to sell their positions with other coins to buy Algotech. The token is on a bullish trend and with this sustained momentum the price of the token will keep mooning.
Algotech (ALGT) token is valued at $0.1, but with the presale, Algotech is luring investors to buy the token at a subsidized price of $0.08. With the current buzz and bullish sentiment, coupled with the presale already generating over $6 million, and the presale bonus sold out by more than 35%, investors are set for 2500% returns when the token officially lists on exchanges.
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
