The declining market performance of Monero (XMR) and Zcash (ZEC) has prompted numerous holders to delve into the world of valuable crypto gems. Hence, many investors have embraced Algotech (ALGT) as one of the best altcoins to buy today as it offers an unbelievable 275% ROI at the ongoing presale phase. In addition, ALGT raised over $1.1 million during the private seed sale.
TLDR
- Monero (XMR) could drop beneath the $145 mark in February 2024.
- Zcash (ZEC) bears expect dips under $20 in February 2024.
- Algotech (ALGT) provides 275% gains before the official launch.
XMR Price Forecast: Will Monero Decrease Under $145?
Monero’s (XMR) price has dipped by 3.69% over five days, from $158 on January 19 to $152 on January 24. XMR bears warn that Monero’s highly increased market volatility could announce the beginning of a prolonged negative trend over the upcoming XMR price movements. According to a recent XMR price forecast, Monero (XMR) could trade at under $145 by the middle of February.
Analysts point to Monero’s (XMR) regulatory issues as another factor behind this negative prediction. For example, the popular OKX exchange decided to delist XMR on January 5. On the other hand, XMR bulls are confident that the latest positive developments within the wider Monero (XMR) community could inspire many crypto enthusiasts to buy Monero over the next term.
While Monero (XMR) announced the release of Feather Wallet 2.6.2 on January 3, the recent launch of the Samourai Swaps BTC-XMR atomic swaps platform is another reason why some experts have given a positive XMR price prediction. More precisely, Monero bulls believe that XMR could bounce back toward the $170 range within the next two weeks.
<blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>Speaking of which: <a href=”https://t.co/cFDplv46AI”>https://t.co/cFDplv46AI</a> Samourai Swaps beta is now "live". <a href=”https://t.co/OlLAKaNTf9″>https://t.co/OlLAKaNTf9</a></p>— TDevD [No KYC, no T&C, no 🍌] (@SamouraiDev) <a href=”https://twitter.com/SamouraiDev/status/1747308463762325707?ref_src=twsrc%5Etfw”>January 16, 2024</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>
Zcash Price Prediction: Will ZEC Continue its Negative Trend?
The price of Zcash (ZEC) has decreased by 7.55% over four days, from $23.57 on January 20 to $21.79 on January 24. Crypto analysts expect more pronounced price dips within the next term due to Zcash’s (ZEC) massive volatility and rising regulatory concerns. While OKX delisted Zcash (ZEC) at the beginning of the year, the platform had to implement a transparent ‘exchange-only’ address type for ZEC to remain on Binance.
Thus, several market experts have recently given a negative Zcash (ZEC) price prediction, stating that ZEC could drop beneath the $20 range by the middle of February.
On the other hand, ZEC bulls praise Zcash as one of the best altcoins to invest in 2024 due to its position as one of the most popular privacy-focused cryptocurrencies. As for the latest optimistic Zcash price forecast, ZEC is bound to exceed the $25 mark by the end of the following month.
In recent ZEC news, the platform released the latest Zcash Protocol Research and Development updates on January 12.
<blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>Here are the latest <a href=”https://twitter.com/hashtag/Zcash?src=hash&ref_src=twsrc%5Etfw”>#Zcash</a> Protocol Research and Development updates <br><br>Zcash Shielded Assets, Detection Keys, a demo of Liberated Payment & updates from <a href=”https://twitter.com/binance?ref_src=twsrc%5Etfw”>@binance</a> !<br><br>Full summary below 👇<a href=”https://twitter.com/hashtag/Zcash?src=hash&ref_src=twsrc%5Etfw”>#Zcash</a> <a href=”https://twitter.com/search?q=%24ZEC&src=ctag&ref_src=twsrc%5Etfw”>$ZEC</a> <a href=”https://twitter.com/ZcashCommGrants?ref_src=twsrc%5Etfw”>@ZcashCommGrants</a> <a href=”https://twitter.com/ZcashFoundation?ref_src=twsrc%5Etfw”>@ZcashFoundation</a> <a href=”https://twitter.com/zcash?ref_src=twsrc%5Etfw”>@Zcash</a> <a href=”https://twitter.com/ElectricCoinCo?ref_src=twsrc%5Etfw”>@ElectricCoinCo</a> <a href=”https://t.co/6gfeEyaA0x”>pic.twitter.com/6gfeEyaA0x</a></p>— Jason R 🛡️ (@zksquirrel) <a href=”https://twitter.com/zksquirrel/status/1745603194523160764?ref_src=twsrc%5Etfw”>January 12, 2024</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>
Algotech (ALGT) Builds Momentum as the Best Cryptocurrency to Buy Now
Algotech (ALGT) is a new decentralized algorithmic trading platform that offers a stable trading experience with significantly reduced risks. Algotech (ALGT) users can utilize the platform’s game-changing automated systems and machine-learning abilities to detect the most rewarding trends in the overall market space and extract optimized rewards from their investment decisions.
In addition, Algotech (ALGT) has the potential to revolutionize the industry through its focus on groundbreaking investment strategies such as hedging, trend following, mean reversion, and arbitrage strategies.
On top of that, adopters of the ALGT ERC-20 standard token gain governance rights within the democratic community as well as partial ownership of the incredible Algotech software. Furthermore, ALGT holders enjoy multiple benefits through Algotech’s dividend scheme, such as a regular passive income.
While Algotech (ALGT) is currently priced at just $0.04, investors are looking at 50% gains as early as Stage 2 of the presale, when the token’s price will increase to $0.06. However, Algotech (ALGT) holders can expect an incredible 275% ROI when the token reaches the projected $0.15 target by the end of the presale.
Many successful traders have pointed to Algotech (ALGT) as the top crypto to invest in 2024 because of its extraordinary growth potential. Head to the presale right away to see why ALGT is recognized as a better long-term investment than Monero (XMR) and Zcash (ZEC)!
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Source: https://bitcoinworld.co.in/monero-xmr-and-zcash-zec-struggle-amidst-market-volatility-algotech-algt-presale-sparks-investor-interest-offering-275-roi/