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The cryptocurrency market has been on a downturn since the start of Q2. Strangely, Binance, the leading crypto exchange, has experienced a massive trading surge. Meanwhile, Algotech (ALGT) investors continue registering gains in its ongoing public presale.
Explore Binance trading data and the success of Algotech’s (ALGT) crypto presale.
● Binance registers a 72% increase in futures trading between March and April.
● Algotech (ALGT) revives DeFi tokens with a promising public presale.
On May 14, 2024, trading reports showed a spike in futures trading on the Binance platform, as market volatility kept the prices of top crypto coins down. According to Wu Blockchain’s monthly reports, Binance showed a 72% increase in the futures trading category between March and April. The significant increase in future demand was attributed to the Binance promotion, which offered lower fees for USDC future transactions.
While Binance enjoyed a rise in futures transactions, Bitget, Crypto.com, and HTX experienced 16.1%, 15.6%, and 13.4% respective declines in futures transactions.
Further, the report indicated a significant decrease in demand in other verticals. Binance recorded a 1.4% drop in derivatives demand, as spot trading also fell 38% in the same period. Gate was the only exchange platform to register a rise in spot trading transactions, as it saw a 13% rise.
In total, trading volume on Binance in April fell 26.6% compared to the previous month.
Public presales introduce tokens to the crypto market before listing on exchanges. Algotech (ALGT), one of the new DeFi projects, has an ongoing public presale that has helped it garner investor attention, cash inflows, and publicity to its intended target market.
Algotech (ALGT) debuts as a decentralized crypto trading platform attempting to disrupt the trading industry. The platform leverages machine learning and its advanced technological infrastructure to achieve its goal.
So, what makes Algotech stand out? The platform has inbuilt trading strategies that enable users to eliminate manual trading and overcome the numerous hurdles it imposes on expert and newbie traders. Furthermore, its automated risk management strategies empower traders to manage their trading efficiently. Moreover, it facilitates access to a range of lucrative crypto pairs and speedy and accurate market analysis to enhance traders’ returns.
Besides its rich features, Algotech (ALGT) has displayed considerable profit potential. Before its public presale, Algotech (ALGT) netted $1.1 million in a two-day private sale. This achievement raised its investment profile before its public presale started, piquing investor appetites for Algotech (ALGT).
Furthermore, Algotech (ALGT) promised presale investors a 275% price increase, ownership holdings with voting powers, and a profit share from user fees. Early investors flocked to Algotech (ALGT) to buy tokens at $0.04 in Stage 1 of the public presale.
Algotech’s (ALGT) public presale has progressed to Stage 3, and tokens cost $0.08, representing a 100% gain for early investors. The price increase has caused its popularity to grow. Furthermore, current investors will earn an anticipated 87.5% profit when ALGT reaches its projected $0.15 listing price, which has caused a massive investor surge to the public presale.
Moreover, the public presale ends in Stage 4, and savvy investors are unwilling to miss the promised profits in the prevailing market conditions.
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.
