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The crypto market is excited as the largest and most influential, Bitcoin (BTC), is making another rally. Such price movement has indeed created new momentum, with the market’s focus shifting to some of the top altcoins signaling major growth: Near Protocol (NEAR), Cardano (ADA), and the emerging Algotech (ALGT).
This new energy around Bitcoin has renewed hopes for a sustainable bull run. With investors and traders keeping a close eye on market movements, attention has now shifted to keeping an eye on what could be the next potential winners, riding the wave of increasing mainstream adoption and institutional interest in digital assets.
Bitcoin price analysis and prediction
Bitcoin’s recent surge has pushed Bitcoin to a six-week high of $71,000. This significant increase in value has attracted the attention of experts. Some experts think Bitcoin could rise even higher in price. One expert named Trader Tardigrade thinks Bitcoin’s rise is just beginning. In a tweet, he boldly said that Bitcoin could reach $120,000 by the end of 2024. If this happens, all past records would be broken. It would also demonstrate that Bitcoin is a real and widely accepted asset.
Some may think this price target is too high. But others point to two key things driving Bitcoin higher. First, there is a limited supply of Bitcoin. Secondly, more and more institutional investors are buying Bitcoin. Another expert named Mags agrees. Mags said those who doubt Bitcoin are not ready for this rise. Mags claims that it is normal for prices to remain flat for a while before peaking in a bull market.
Experts predict that the NEAR Protocol could surpass $18 by the end of the year
As the world of digital assets booms, Near Protocol (NEAR) stands out as a promising player. Riding the wave of Bitcoin, NEAR has recently attracted attention and investment. Its market capitalization is almost $9 billion, its annual high. The market cap chart shows an upward trend, indicating bullish momentum. However, there is strong selling pressure of around $9 billion, tested multiple times.
Currently, NEAR is trading at $8.17 with a 24-hour trading volume of $740 million, an impressive 65% increase. The CoinMarketCap ranking is #17, with a market cap of $8.8 billion. While NEAR fell to $4.26 in early January 2024, experts and investors are optimistic about the future. Many predict that NEAR will surpass $18.00 by the end of the year, even breaking the previous all-time high of $20.42. They expect consolidation between $16.29 and $18.00.
Whale activity indicates a bullish trend for Cardano
The smart contract platform Cardano (ADA) is getting the attention of investors. It focuses on making the blockchain work better and last longer. This cryptocurrency is now trading around $0.50. 24-hour trading volume increased by 66%. Cardano is the 10th largest cryptocurrency based on market cap. It has a market capitalization of $17 billion. There are more than 35 billion ADA coins in use out of a total supply of 45 billion.
Recent data shows that transactions worth $10.11 billion of ADA took place in high volumes over the past 24 hours. When there is a spike in large transactions, it often means whales and institutions are buying or selling them. This increase has led to expectations that the price of ADA could increase soon. The high volumes may indicate growing interest from whales who collect ADA in the hope that the price will rise.
In early January 2024, Cardano’s price fell to $0.63. However, experts and investors are optimistic about the future prospects. Many predict that Cardano will surpass $1.10 by the end of this year. Some even think it could break its previous all-time high of $3.10.
Algotech (ALGT) raises $5.2 million in pre-sales with 23,000 members
In the dynamic crypto world, Algotech (ALGT) has attracted attention as a promising newcomer. It is a decentralized platform that uses advanced algorithms for automated crypto trading. With its continued pre-sales and bold ambitions, Algotech aims to transform trading and investing.
The project has already raised over $5.2 million from over 23,000 members, delivering a potential return on investment (ROI) of 1200x. Currently, in the third presale phase, which is 96% filled, the token price is $0.08, while the next phase is set at $0.10.
Additionally, Algotech announced an exciting $250,000 giveaway. Ten lucky winners will each receive $25,000 worth of ALGT tokens. To enter, participants must invest a minimum of $100 in the Algotech presale and complete all required tasks to increase their chances of winning. However, with a total supply of 350,000,000 ALGT tokens and an estimated launch price of $0.15, Algotech’s tokenomics have fueled investor interest in the fast-growing algorithmic trading sector.
For more details about this project:
Visit Algotech presale
Join the Algotech community
Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.
Source: https://cryptobenelux.com/2024/05/22/3-crypto-om-te-kopen-na-de-bitcoin-stijging-near-protocol-near-algotech-algt-en-cardano-ada/
