Crypto Analyst Says It’s Time For Altcoins To Run – Here Are His Picks (SOL, TON, ALGT)
In Brief
Dive into the world of altcoins with insights from a seasoned crypto analyst. Discover why now might be the perfect time for SOL, TON, and ALGT to shine
Seasoned analysts often serve as guiding lights amid the ever-changing market landscape. One such analyst has sounded the clarion call for altcoins Solana (SOL), Toncoin (TON), and Algotech (ALGT), signaling that the time for their ascent has arrived. How are these presale coins performing?
Let’s find out.
Slerf’s News Triggers 1.92% Drop in Solana (SOL): How Long Will the Bearish Trend Last?
In the latest Solana news, Slerf, a meme coin built on the Solana (SOL) blockchain, faced a setback. Consequently, its founder stepped forward to rectify the situation in the third week of March 2024. Following an inadvertent burning of a portion of the token supply, resulting in a substantial loss of $10 million, the Solana (SOL) team is doubling on efforts to tackle the issue head-on.
This Solana news triggered a 1.92% tumble by the final week of March as SOL moved from $195.99 to $192.23. How long will the Solana news keep SOL bearish? Analysts believe Solana (SOL) will trade at $524.97 by Q4 2024. That would indicate a 167.86% rise from $195.99 for Solana (SOL).
With this kind of positive prediction, Solana (SOL) is poised for greatness. So, how does Toncoin (TON) perform against it?
Toncoin (TON) Surges 13.24% in Q4 2023: A Partnership Powerhouse
Q4 2023 saw Toncoin (TON Foundation), a non-profit firm based in Switzerland dedicated to nurturing a vibrant Web3 ecosystem on Telegram, unveiling an exciting partnership with Blockchain.com, a globally renowned platform catering to both retail customers and institutions seeking to engage in Toncoin (TON) transactions.
In response to the development, Toncoin (TON) exhibited a 13.24% surge by the end of Q4 2023 as it moved from $2.04 to $2.31. Toncoin (TON) kept up this bullish sentiment in Q1 2024, trading at $5.02 in the final week of March.
Looking ahead, experts anticipate that Toncoin (TON) will trade at $14.14 by Q3 2024. With that, Toncoin (TON) will have marked a 181.67% upturn from $5.02. Toncoin (TON) seems to be performing better than Solana, but can it outpace ALGT?
Algotech (ALGT): Revolutionizing Algorithmic Trading for Novices and Experts Alike
Algotech (ALGT) distinguishes itself from Solana (SOL) and Toncoin (TON), catering to the diverse needs of novices and veterans in algorithmic trading. With this upcoming ICO, traders gain access to potent backtesting and simulation capabilities, empowering them to meticulously evaluate strategies leveraging historical market data. Algotech (ALGT) allows traders to refine their approaches and mitigate potential risks before committing to real capital.
Besides functionality, Algotech’s (ALGT) equips traders with an arsenal of advanced order types, facilitating seamless automation of risk management and profit-taking strategies. From take-profit to stop-loss orders, traders can efficiently execute their plans with precision.
Moreover, Algotech (ALGT) fosters a collaborative community ethos, fostering vibrant discussions and knowledge sharing among its users. This inclusive environment enriches the trading journey for all participants, fostering a sense of camaraderie and collective growth.
Now, in Stage 3 of its token presale, valued at $0.08, Algotech (ALGT) is set to reach $0.15 by the end of its presale. With that, Algotech (ALGT) will have signified 275% growth from its Stage 1 price. Moreover, Algotech (ALGT) is giving away useful prizes that will facilitate trading, making Algotech (ALGT) the ideal choice when compared to Solana (SOL) and Toncoin (TON).
Disclaimer
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
