Ethereum (ETH) and Avalanche (AVAX) are top altcoins grappling with the depressing market volatility. On the other hand, Algotech (ALGT) sees growth and excitement in its advancing token presale.
Explore ALGT, ETH, and AVAX.
Algotech (ALGT) Inflows Rise As New Crypto Investors Notice It
Algotech (ALGT) has enjoyed a successful public presale run as its popularity rises in each presale stage. Algotech (ALGT) is a crypto trading platform built on a blockchain foundation that leverages AI to help traders maximize their profits.
Algotech’s (ALGT) artificial intelligence enables the automation of trading strategies, making it one of the easiest platforms to use as it eliminates manual trading. Moreover, Algotech (ALGT) eases entry decisions with super-fast market analysis and easy-to-understand insights for accurate decision-making.
Furthermore, its blockchain base enables easier trading with cryptocurrencies, higher liquidity, and more crypto pairs to trade. Also, it enhances the security, trust, and trackability of transactions. All these superior features of Algotech (ALGT) empower traders to maximize their returns.
Algotech (ALGT) is in an ongoing public presale. So far, Algotech’s (ALGT) public presale is in Stage 3 and experiencing massive investor demand. It comes after Stage 1 investors earned a 100% yield after buying Algotech (ALGT) at $0.04 and the subsequent rise to the present $0.08.
These results have attracted more investors to Algotech (ALGT) presale Stage 3. Further, a promised 87.5% price gain from the current price when Algotech (ALGT) reaches its estimated listing price of $0.15 is the biggest attraction to Algotech (ALGT) for both beginner cryptocurrency investors and experts.
Market Volatility Batters Ethereum (ETH) Price Recovery Efforts
Ethereum (ETH) enjoyed a significant price increase in Q1 as the Ethereum vs. Bitcoin relationship played out. As a Bitcoin (BTC) mirror, Ethereum (ETH) gained as Bitcoin (BTC) gained until the end of Q1, when the market entered a correction phase.
In Q2, Ethereum vs. Bitcoin correlation was more pronounced as both tokens plunged. Ethereum (ETH) lost from $3,647 to $2,928 from April to May. Market volatility and low demand suppressed Ethereum’s (ETH) feeble attempts at price recovery. Furthermore, Ethereum’s (ETH) losses compounded as institutional whales dumped most of their holdings for profit-taking.
Due to the Ethereum v Bitcoin link, experts suggest a short-term bearish market sentiment for Ethereum (ETH), given that Bitcoin (BTC) is on a downtrend. Experts predict Ethereum (ETH) may continue to fall to $2,800 before starting a recovery.
Avalanche (AVAX) Investors Downcast As Market Volatility Pushes Price Down
Avalanche (AVAX) enjoyed a bullish Q1. However, a market downturn in Q2 halted its progress, causing Avalanche (AVAX) to lose its upward momentum and start a price dumping spree.
Avalanche AVAX price started Q2 at $54.11 in April and fell to $33.17 in May. The AVAX price drop is attributed to the prevailing market conditions and profit-taking. Avalanche (AVAX) was among the top crypto coins with the highest gains last year and in Q1.
Avalanche’s (AVAX) poor performance in Q2 implies a bearish market sentiment. Technical analysis shows its RSI falling below 50%, indicating a continued price drop. Experts project that AVAX price may fall to $28 before the year ends.
