It’s only January, but 2024 has already featured massive price actions that set many tokens back by at least a month.
With the 2023 trading year ending on a profitable note thanks to Bitcoin’s ETF approval, some of the best altcoins, like Ethereum (ETH) and Avalanche (AVAX), have lost all that profit in the recent bearish events. However, there are better gains up for grabs, and all you need to do is look in the right places: Algotech (ALGT)!
Ethereum ETH Price Prediction: ETH Could Be In for Market-Wide Dominance in 2024
The Ethereum (ETH) institutional traders want increased access to altcoins in the crypto-verse, and BlackRock and Greyscale are the latest firms to submit requests for Ethereum (ETH) ETFs to the SEC. The commission has rescheduled hearings till March as they seek more time to review the ETF petitions.
What impact does this have on the Ethereum ETH price prediction? While everyone expected an Ethereum (ETH) bounce this year, the ETF news could blow even the most prominent Ethereum (ETH) price prediction out of proportion. Ethereum's (ETH) price is already ahead of the rest of the market, spiking back to $2,200 as it gets ready for the SEC approval.
Seeing as Solana has benefitted from meme coin launches in the past month, Avalanche (AVAX) seems to be warming up to the idea of hosting memes itself. Avalanche (AVAX) Foundation launched the Culture Catalyst program in 2022 to encourage community engagement, and now they have added meme coins to the mix.
Avalanche (AVAX) Foundation released a statement outlining rules for the prospective coins looking to join the Culture Catalyst program, ensuring that only meme projects with real potential and a growing community like Avalanche (AVAX) are supported by the program. The AVAX price could gain some bullish returns from the meme coin incorporation since Solana’s meme coin airdrops paid off in December 2023.
The AVAX price could do with a boost in the coming weeks, as Avalanche (AVAX) has lost over 35% of its value in the past month. With the Foundation’s involvement, the AVAX price could turn Avalanche (AVAX) into a top crypto to buy in 2024.
The several demerits of manual trading make the Algotech (ALGT) project a necessity for the future of trading. Trading biases and exhaustion, among many other factors, predispose humans to errors while analyzing market charts. However, with Algotech’s (ALGT) smart algorithms developed using AI and mach ine learning techniques, traders will have better evaluations of market trends and suffer less exhaustion as the algorithms handle operations like risk management.
With the Algotech (ALGT) ongoing presale, you have a chance to invest in the next best DeFi project while expecting market-tested algorithms to guide your trading. The presale is in Stage 1, with each Algotech (ALGT) coin selling at $0.04; get your ALGT today before the prices spike.
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