Bitcoin Cash (BCH) and Avalanche (AVAX) Price Going Down; Market Buzzes Over Algotech (ALGT)'s Expected 275% Surge in Presale

Bitcoin Cash (BCH) gets crucial support. Avalanche (AVAX) explores new territory. Meanwhile, Algotech (ALGT) is set for an exciting surge.

What effect have these developments had on Bitcoin Cash price and AVAX price? And how will Algotech (ALGT) achieve this 275% increase? Let’s find out!

TLDR

• Bitcoin Cash price might reach $263.21 this year.
• Avalanche (AVAX) could make a killing from new investments.
• Algotech (ALGT) offers a lifeline during the current downturn.

Coinbase International Lists Bitcoin Cash Perps

On December 2, 2023, Coinbase International Exchange, the subsidiary of the US-based crypto exchange for international customers, announced that it was launching Bitcoin Cash (BCH) and Polygon (MATIC) perpetual futures contracts. This is an expansion move by the exchange as a bull run looms.

BCH-PERP and MATIC-PERP became available to customers on December 7. They join BTC, ETH, ADA, LINK, DOGE, and XLM PERPs on the exchange. Furthermore, the Bitcoin Cash (BCH) PERP will also be available on Coinbase Advanced. 

After the announcement, Bitcoin Cash price gained 11.7% in two days, rising from $225.22 to $251.51. However, the price has since fallen back to $232.48. Analysts say Bitcoin Cash’s (BCH) reversal is influenced by the prevalent market conditions as the market finds its level after the excitement surrounding the Bitcoin ETF approval tapers out.

However, the Bitcoin Cash price prediction for 2024 remains optimistic at $263.21. Analysts still expect a bull run spurred by the imminent Bitcoin Halving.

AVAX Price: The Avalanche Foundation Plans To Invest In Meme Coins

In an X post on December 29, 2023, The Avalanche Foundation revealed that it was now investing in promising meme coins. However, the focus will be on Avalanche-based meme coins. 

The Foundation will channel its investment in meme coins through its Culture Catalyst program. Culture Catalyst was established in 2022 “to cultivate and support the many new forms of creativity, culture, and lifestyle that blockchain enables.”

The post revealed that Avalanche (AVAX) now recognizes meme coins as a legitimate part of blockchain lifestyle and culture. According to the Foundation, they reflect “the collective spirit and shared interests of diverse crypto communities.”

However, since the news broke, AVAX price has tumbled 25%, from $39.91 to $29.93. Analysts attribute Avalanche’s (AVAX) fall to the market downturn following the massive rally fuelled by ETF excitement. 

Despite the current slump, the AVAX price prediction for 2024 is $187.59. Suppose the bull run following the Bitcoin Halving becomes a reality. In that case, analysts say that the increasing value of the Avalanche Foundation’s meme coin investment could drive the price to that level.

Algotech (ALGT) Is Set For Significant Surge

As Avalanche (AVAX) and Bitcoin Cash (BCH) are experiencing declining fortunes, Algotech (ALGT) is proving to be the way out for both new and experienced investors. However, it is safe to say Algotech (ALGT) is the crypto for beginners because the certainty of profit makes it a positive way to start your crypto journey. 

Algotech (ALGT) is currently in the first stage of its public presale, and the ALGT token costs $0.04 now. With the launch price set at $0.15, investors who buy the token now will have gained 275% by that time. 

Another reason Algotech (ALGT) is one of the best altcoins to buy currently is its utility. Algotech (ALGT) is a decentralized algorithmic crypto trading platform that will revolutionize trading and investment with innovative technologies and automation. This means that Algotech (ALGT) is all about infusing technology into manual/traditional trading. 

Manual trading has many limitations that hamper optimum productivity and profitability. These limitations include limited analytical capacity, inconsistency in execution, and subjectivity and bias. Algotech (ALGT) brings in AI and machine learning, quantitative analysis, algorithmic trading strategies, and automated risk management to effectively reduce the effect these limitations have on traders. 

Furthermore, early Algotech (ALGT) investors become voting users, own parts of the software, and earn dividends from the platform’s 30% performance fee.

All these make Algotech (ALGT) the best crypto to invest in during the current slump.

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Disclaimer. This press release is for informational purposes only and should not be viewed as an endorsement by CoinIdol. We take no responsibility and give no guarantees, warranties or representations, implied or otherwise, for the content or accuracy. Readers should do their own research before investing funds in any company.