The volatile cryptocurrency market has seen its share of ups and downs, prompting the attention of Shiba Inu (SHIB) and Notcoin (NOT) whales. These key players are now shifting their profits toward Algotech (ALGT), an intriguing AI venture hailed as the “Best Presale of 2024.”
Shiba Inu (SHIB) Price Falls 10% as Whale Holdings Decrease
The recent journey of Shiba Inu (SHIB) has been turbulent. As of the latest data, Shiba Inu (SHIB) had seen a 10% decrease in value within the past 24 hours, with its current price trading at $0.00001816.
The decline in Shiba Inu (SHIB) whale activity stems from various factors. Market instability likely prompted these large holders to proceed cautiously, temporarily reducing their exposure. Moreover, the prevailing trend of profit-taking may have encouraged them to scale back their investments, resulting in decreased market engagement.
Data from Santiment indicates a decline in holdings of Shiba Inu (SHIB) by the leading whale wallets on various cryptocurrency exchanges since late May. These collective whales currently hold 168 trillion SHIB coins, representing a substantial 29% of the total circulating supply of 589 trillion SHIB.
Notcoin (NOT) Slips to $0.01601 After 44% Drop from ATH
Notcoin (NOT), the native cryptocurrency of the popular Telegram game, has recently faced a significant decline. Its value dropped by 44% from its all-time high price, hit just 15 days post its debut on Binance, the world’s leading cryptocurrency exchange.
Over the previous day, Notcoin (NOT) has experienced an 11% decrease, with its current value at $0.01601. Despite this recent decline, Notcoin (NOT) has shown impressive growth, boasting a remarkable 132% surge in value over the last month, establishing itself as one of the top-performing digital assets in this timeframe.
Notcoin (NOT), despite facing recent challenges, maintains a substantial trading volume and holds the 51st position in market capitalization, with a value of $1.6 billion. However, continuous selling pressure might lead this altcoin to fall out of the top 55 cryptocurrencies.
Algotech Presale Attracts Top Investors, Raises $7.8M
While the values of Shiba Inu (SHIB) and Notcoin (NOT) have experienced fluctuations, a new opportunity has piqued the interest of prominent cryptocurrency investors. The Algotech presale has been drawing substantial capital from these influential figures. The ongoing presale of Algotech raised an impressive $7.8 million so far. It is currently in the bonus stage, where the token price is $0.08. Algotech’s exceptional feature lies in its substantial $1.2 million investment in H100 GPUs.
This strategic decision aims to boost the speed, accuracy, and overall capabilities of its AI system. The noteworthy investment has captured the attention of prominent platforms like BitMart, signaling strong institutional backing as they move forward with plans to list the Algotech (ALGT) token.
The platform highlights a variety of key features. These include diverse algorithm strategies, a sturdy technical setup, advanced risk management tools, and a strong commitment to decentralization and transparency. Moreover, Algotech utilizes machine learning and AI to sift through extensive historical and real-time market data. This analysis helps spot trends, patterns, and valuable insights crucial for informed decision-making.
The project’s roadmap details an ambitious strategy. Phase 1 aims to enhance the platform’s user interface and user experience, introduce new order types, and advanced trading features. In Phase 2, the focus shifts to adding support for a wider variety of cryptocurrencies and digital assets and exploring possibilities within decentralized finance (DeFi).
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