The post This TAO Rival Sold Out Presale Stage 1 in 10 Days, ALGT Raised Over $1.5 Million appeared first on Coinpedia Fintech News
The machine learning network Bittensor(TAO) has seen a surge as the artificial intelligence arms race continues to dominate the crypto space in 2024. Considered one of the top 30 Cryptocurrencies, it showed a growth of over 600% in 2023, and looking at recent figures from CoinMarketCap it continues its bullish trajectory as it grew by 60% in just the last month.
With a market cap of over 4.5 billion dollars, experts shed some light on its trajectory considering the coming events influencing the crypto market.
Bittensor(TAO) Shows Impressive Growth in 2024
Experts have highlighted some key upcoming events that favor the growth of TAO tokens in 2024. Bitcoin has seen a notable surge of more than 40% in just the last month, with its trade value finally crossing $60,000. In addition, Ethereum has also experienced a growth of over 50%, and it’s currently trading at over $3,400, according to CoinMarketCap figures.
The top two bullish currencies have spurred rallies for other cryptos, including TAO, which crossed the $700 threshold. Another significant event on the horizon is Bitcoin’s halving, which is expected to kick off a new bull market in April 2024. Experts believe that this will boost the TAO token to even higher heights, maybe reaching $ 1000 before the event.
AI has progressively made its way into all sectors due to its scalability potential, and in 2024, it will be at the forefront when it enters the crypto realm. Bittensor’s (TAO) AI network exceeded expectations, paving the way for AI in crypto. Analysts predict continued bullish momentum for TAO and other AI Altcoins.
Algotech’s (ALGT) impressive presale record has put it in the spotlight as investors flock toward various AI platforms with the hopes of making substantial returns.
Algotech Emerges as Strong Contender for AI Crypto Crown
Algotech (ALGT), an algorithmic trading platform leveraging AI, has seen significant growth since its private seed investment, raising 1.1 million dollars in two days. With a strong bullish trend forecast, many investors rushed to its presale, which sold out stage 1 in only ten days and raised over 1.7 million dollars.
Many traders have rallied in support of Algotech’s exceptional scalability, arguing it has the potential to be used for breakout detection and hedging since it can provide real-time data analysis by integrating machine learning and a range of algorithms.
While AI influence may have garnered the first attention for its development, the ALGT token continues to prosper as it follows deflationary tokenomics, and analysts predict a massive spike following the end of its presale.
Algotech (ALGT) is now in stage 2 of its presale, trading at $0.06 and predicted to reach $0.15 by the end of the presale. Early investors stand to make approximately 275% of their investment.
With presale demand on the rise, many investors foresee a potential 10x gain when the presale ends.
Learn more: