Crypto enthusiasts and traders are excited about rumors that Algotech (ALGT) may list on major exchanges by the third quarter of this year. Industry experts predict this could spark a huge price rally, just as witnessed with popular meme coins like Shiba Inu (SHIB) and Pepe (PEPE).
The crypto market has seen massive spikes in meme coin values, making SHIB and PEPE household names for crypto asset traders. Now, attention turns to Algotech, a promising project combining cutting-edge tech with algorithmic trading strategies.
Traders Excited as SHIB Token Burning Spikes
Shiba Inu, the meme coin attracting major investors’ attention. On one hand, its token burn rate saw an amazing 16,600% surge on June 4. But on the other, its price has been dropping, giving hope for a rebound. According to Shibburn, which tracks SHIB token burning, the community burned over 21.5 million SHIB across many transactions in the last 24 hours alone. Token burning reduces the circulating SHIB supply, potentially boosting value. This huge burn rate spike has traders and investors feeling fired up, though the price slide tempers enthusiasm.
If SHIB coins become more deficient, the value of SHIB token might rise. This could happen, especially if the demand for SHIB continues to increase. According to economics, when the availability of goods decreases but the demand remains the same or increases, the price typically rises. This theory can also be applied to virtual currencies, including SHIB. The Shiba Inu community is optimistic regarding these recent developments.
Expectations High for PEPE Price Gains After Huge Acquisition
In an exciting move on June 3, a new wallet scooped up a massive amount of PEPE tokens from Binance, despite the PEPE coin already experiencing a remarkable bull run. This action has sparked expectations of further price gains in the market. Notably, around 202 billion coins were purchased during a weekly pullback in PEPE’s price.
This accumulation, representing $3.07 million worth of coins bought, is quite significant. Interestingly, the PEPE coin has already exceeded market expectations, setting new all-time highs and surging to unprecedented levels amid this year’s bull cycle.
However, it’s worth noting that some PEPE sell-offs have also occurred recently, possibly due to investors taking profits. PEPE has rallied remarkably, gaining 60% over the past month. However, its price is down 6% in the past 24 hours and currently trades at $0.00001432.
Algotech (ALGT) Poised for Major Exchange Listings
As the crypto community closely follows the performances of Shiba Inu and Pepe, another token is quietly preparing to take center stage. Algotech (ALGT) is generating significant excitement among industry insiders who believe it could be listed on major centralized exchanges (CEXs) this year.
Algotech is using smart methods to improve crypto trading. It combines advanced tech with smart trading plans, making it stand out from other crypto projects. The platform helps traders by giving them strong algorithms, a solid tech base, and machine-learning tools. Algotech’s presale has raised over $6 million so far, showing investors have faith in the project.
Insiders from leading crypto marketplaces, who prefer to remain anonymous, hinted that Algotech might be under scrutiny for prospective listing. A reliable source disclosed that they’re continually on the hunt for projects that blend unique ideas with useful applications.
They pointed out that Algotech’s automatic trading platform exemplifies the type of cutting-edge technology they want to support. Another source reminisced about the initial excitement around Shiba Inu and Pepe coins when talking about ALGT. They foresee that if ALGT lands on prominent marketplaces by the third quarter, a similar wave of excitement could unfold.
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