The cryptocurrency market has been under the influence of bearish forces since 2024 started, as Bitcoin’s dip below $40,000 has affected the top altcoins. Many blue chips like Ethereum Classic (ETC) and Polkadot (DOT) have had to retrace their profits from December, and their investors are looking to new ICOs like Algotech (ALGT) for gains in 2024.
TLDR
- The Ethereum Classic price surge is cooling as ETC undergoes correction.
- A prominent Polkadot price prediction holds hope for the future.
- Algotech (ALGT) presale is here; get your ALGT tokens for $0.04.
Could the Ethereum Classic Price Get Any Lower?
Two weeks ago, Ethereum Classic price broke a resistance that had held for almost two years, peaking at about $31 on the market charts as ETC sustained its bullish candles. However, the bearish trends in the market have started to catch up with the Ethereum Classic price, and its activity for the past week reports a 3.06% loss. With the ETC price falling below its support level, analysts have voiced out on the coin’s predictions.
While some analysts dismiss the Ethereum Classic price slump as a mere retracement, others think the Ethereum Classic (ETC) token is going into a bear market. CoinMarketCap reports that Ethereum Classic (ETC) is yet to retrace its losses from the past two weeks, and with all the top altcoins already finding their ways back to profits, one would wonder if Ethereum Classic (ETC) is one of the altcoins to watch this year.
There isn’t much to say about the Ethereum Classic (ETC) price forecast; like the analysts, investors are still watching the token for significant price actions this year.
Polkadot Price Prediction: DOT Could Reach $17 in 2024
The Polkadot (DOT) token has been constantly overlooked among the best altcoins despite its immense network and numerous features in the crypto-verse. The Polkadot (DOT) network is home to over 180 tokens and applications, and the token is rarely out of the spotlight because of its constant long-term profits. DOT broke a significant barrier at $9 last December, riding on momentum from Bitcoin’s ETF approval, but the bearish dip in January has seen the Polkadot (DOT) coin drop to $6 already.
DOT is on a price spike, which is influencing the Polkadot price prediction at the moment. Investors might not notice, but the DOT price is already retracing its losses and could be back in profits before February. NewsBTC’s reports point out that Polkadot (DOT) can reach $17 this year, although there is some resistance to overcome at the $9.39 mark. The DOT token last got that high on Boxing Day in 2023, and the current bullish pressure might see Polkadot (DOT) break past it soon.
Welcome the Future Today With Algotech!
Artificial intelligence and machine learning are broadening the horizons of software capabilities in our world today. From e-commerce to medical healthcare delivery and entertainment, we have seen the effects of advanced algorithms in producing high-quality output. Algotech (ALGT) is bringing such progress to financial trading; with Algotech (ALGT) software, you can control and monitor your trading with more efficiency and accuracy.
Here’s one way to look at Algotech (ALGT) and its philosophy. The project is highly invested in research and the creation of next-generation algorithms that take away the burden of trade picking, data collection, and processing and allow the trader to focus better on analyzing their trades using real-time market information. With the decentralized blockchain capabilities, Algotech’s algorithms are equipped to insulate traders from the worst of the market actions.
But what if you’re not a trader? Algotech’s presale is live, and the token is offering you an opportunity to stake your influence on the coin today. It’s only in Stage 1, so you can buy your ALGT tokens at $0.04 each, although they won’t stay at that rate for long.
There is an ongoing giveaway for Algotech (ALGT) investors, where one investor wins an iPhone, iPad, and Apple Watch to upgrade their trading experience. For bonuses, there are two VIP tickets to the Blockchain Life 2024 event in Dubai, and you only need to invest $1 worth of ALGT tokens to enter.
Algotech (ALGT) is a win-win for everyone; join Algotech (ALGT) presale today and anticipate launch day!