Supply Shock On Chainlink (LINK) As It Reaches All-Time Low On Exchanges, Algotech (ALGT) Emerges With A Sensational Presale Event
Fueled by extreme buying pressure, Chainlink (LINK) recently encouraged a significant drop in its supply. This has raised hopes of a price rally as investors look to bag gains. Adding to the excitement is new DeFi project Algotech (ALGT), which has its presale investors on a journey of making 275% returns. Let’s look into the factors behind their upward trajectories!
TLDR
- Chainlink (LINK) experiences a supply shock as whales boost buy pressure, aiming for a $19.75 price.
- Algotech (ALGT) emerges as a promising DeFi project with advanced algorithmic features and a token presale projecting a 275% increase.
Chainlink Price Prediction: Whales Accumulate Chainlink Tokens, Boosting LINK’s Bullish Potential
In a remarkable display of confidence, large whales have significantly accumulated Chainlink (LINK) tokens, boosting the buying pressure on Chainlink (LINK). Notably, on January 1 and January 2, these influential addresses embarked on an extensive buying spree, acquiring over 4 million LINK daily.
While Chainlink (LINK) initially maintained a $15 price level on January 1 and 2, a sudden market turbulence hit on January 3, dragging the Chainlink price to $12.82 on January 8. This decline triggered a notable selloff trend, with major whales shedding over 2 million LINK tokens. However, Chainlink (LINK) recovered shortly after, rising to $15.61 on January 30.
Despite the market fluctuations, Chainlink (LINK) whales demonstrated unwavering confidence in Chainlink’s long-term prospects. In total, they procured over $855 million worth of LINK between January 1 and January 24, drastically reducing the supply stock of Chainlink (LINK).
The buying pressure and reduction in Chainlink’s stock is a positive development for the Chainlink price prediction. With the scarcity of LINK tokens, market analysts anticipate that the price of LINK will rally to $19.75 by February 29.
Algotech (ALGT) Emerges as a Promising DeFi Project, Poised for Significant Growth
Adding to the bullish outlook for altcoins, Algotech (ALGT) has made significant advancements, signaling its potential. Since its public presale debut in January 2024, the decentralized algorithmic trading platform has been making waves with its cutting-edge features.
Emerging as one of the top DeFi projects, Algotech (ALGT) leverages remarkable machine-learning capabilities for identifying lucrative investment opportunities across the crypto landscape. Driven by the platform’s focus on innovative investment strategies like arbitrage, hedging, trend following, and mean reversion, experts have acknowledged Algotech’s (ALGT) potential to redefine crypto trading.
Algotech’s ALGT token presale, an ERC-20 token with a fixed supply of 230 million, grants holders governance and partial ownership rights within the Algotech community. Early participants have the opportunity to benefit from a fixed passive income and numerous perks through Algotech’s (ALGT) dividend scheme.
After raising $1.1 million in its private seed sale, Algotech (ALGT) entered Stage 1 of its public presale at the price of $0.04. This marks a 100% price increase from its private presale price of $0.02. Adding to investors’ profits, the DeFi coin price has been predicted to make an impressive 275% increase when ALGT reaches the projected $0.15 presale target. This promising outlook has positioned Algotech (ALGT) at the forefront of top altcoins to invest in!
Angel Marinov is the Managing Editor at Coinlabz. With extensive knowledge of crypto payments and blockchain use cases, Angel is a trusted source of accurate and timely information
