Shiba Inu (SHIB) and Dogecoin (DOGE) both delivered astronomical returns to early investors.
Kitty Queen Coin (KITQUE) has burned 40% of the 5 billion tokens that were minted, by transferring all tokens in the Raydium liquidity pool to a dead wallet.
Specifically, 2 billion KITQUE tokens were burned just around three hours after the memecoin began trading today.
This comes after Kitty Queen Coin’s price has rallied 2,024% in the last three hours, with it currently trading at $0.00002478.
Despite this impressive rally, KITQUE (contract address: F6LdtNP9zThSuCwdweAGqngC9XufhDfMYjFio3mWZT9e) currently has a market cap of just $120,000, meaning it still could easily rally another 7,000%-10,000% in the coming weeks and months.
Its market cap is forecast to hit at least $2 million by the end of April, meaning investors who buy in at the current price will generate approximately 1,600% returns within a couple of weeks.
KITQUE is one of the most exciting Solana memecoins to be released this month, and it does appear to have the potential to eventually challenge coins such as Shiba Inu (SHIB) and Dogecoin (DOGE).
SHIB and DOGE both generated massive returns for their early investors, as they surged and became mainstream.
It remains to be seen if KITQUE will be able to achieve a market cap of $100 million or over, but it certainly has plenty of potential to achieve a $5mn-$10mn market cap, so it’s not surprising that there is huge buying pressure on the token’s first day of launch.
Kitty Queen Coin is currently only available to trade on decentralized exchanges, such as Raydium and Jupiter, but it will be listed on several centralized exchanges later this month, providing another bullish catalyst which early investors will profit from.
Shiba Inu (SHIB) and Dogecoin (DOGE) both delivered astronomical returns to early investors.
Kitty Queen Coin (KITQUE) has burned 40% of the 5 billion tokens that were minted, by transferring all tokens in the Raydium liquidity pool to a dead wallet.
Specifically, 2 billion KITQUE tokens were burned just around three hours after the memecoin began trading today.
This comes after Kitty Queen Coin’s price has rallied 2,024% in the last three hours, with it currently trading at $0.00002478.
Despite this impressive rally, KITQUE (contract address: F6LdtNP9zThSuCwdweAGqngC9XufhDfMYjFio3mWZT9e) currently has a market cap of just $120,000, meaning it still could easily rally another 7,000%-10,000% in the coming weeks and months.
Its market cap is forecast to hit at least $2 million by the end of April, meaning investors who buy in at the current price will generate approximately 1,600% returns within a couple of weeks.
KITQUE is one of the most exciting Solana memecoins to be released this month, and it does appear to have the potential to eventually challenge coins such as Shiba Inu (SHIB) and Dogecoin (DOGE).
SHIB and DOGE both generated massive returns for their early investors, as they surged and became mainstream.
It remains to be seen if KITQUE will be able to achieve a market cap of $100 million or over, but it certainly has plenty of potential to achieve a $5mn-$10mn market cap, so it’s not surprising that there is huge buying pressure on the token’s first day of launch.
Kitty Queen Coin is currently only available to trade on decentralized exchanges, such as Raydium and Jupiter, but it will be listed on several centralized exchanges later this month, providing another bullish catalyst which early investors will profit from.
New York, United States, April 12th, 2024, Chainwire
99Bitcoins, established in 2013, has recently begun its token presale in an effort to harness the current upward trend in Bitcoin’s value. The 99BTC team, seizing this opportunity, offers its learn-to-earn platform, a longstanding resource in cryptocurrency education.
What is 99Bitcoins?
99Bitcoins has been breaking down technical concepts and onboarding newcomers to the crypto world for over ten years as the team can show by the numbers on its social media accounts: over 700,000 YouTube followers, 16,000 Twitter followers and 2 million registered users have confirmed its +80 hours of resources are a great entry point for those looking to learn more about crypto.
The $99BTC token is its latest venture. The team promotes its commitment to education by introducing the “gamification of learning” into the platform, providing $99BTC rewards for those who complete its courses, such as exclusive access to premium content, discounts on partner products and services, VIP communities, trading signals, and token holder events.
The 99Bitcoins team aims to attract all the potential new users who are expected to enter the crypto space and explore Bitcoin in light of the upcoming halving; the event, which will occur this month, is expected to increase the number of first-time crypto enthusiasts as confirmed by multiple researches and major sources like CoinTelegraph and CoinDesk.
Pioneering BRC-20: Pushing Learn-to-Earn In New Directions
99Bitcoins is also trying to set itself as a pioneer of the BRC-20 movement: a new token standard that allows developers to deploy smart contracts on the Bitcoin blockchain. Security and transparency are also key to this project, a Solidproof audit confirms that 99Bitcoins contract does have no potential issues or warnings.
It’s worth noting $99BTC is originally deployed as an ERC-20 token and that it will be bridged to BRC-20 only in Q4 2024, transferring the security of the project to the Bitcoin network.
When it comes to the tokenomics (renamed to Token Metrics by its team), 99Bitcoins is distributing its 99 billion $99BTC total supply with the goal of helping it remain competitive and provide lasting sustainability:
- 15% is allocated to the presale, which is currently selling $99BTC for $0.001
- 14% for staking rewards, providing $99BTC stakers with rewards for two years
- 23% is allocated to project funds
- 17% for community rewards
- 8% to provide liquidity to exchanges
- 23% for marketing
This tokenomics structure is then paired with an ambitious roadmap which would target the beta release of the platform to last quarter this year, followed by the full release next year.
About 99Bitcoins
99Bitcoins is a vital educational resource for Bitcoin. It focuses on providing information about cryptocurrency to onboard new users to the industry. The website was established in 2013 and has since expanded its knowledge base to popular blockchains and cryptocurrencies such as Litecoin, Ethereum, Cardano, and Solana.
The platform now brings a gamification element to its product, allowing students to receive $99BTC rewards in a L2E economy. The $99BTC token is also pioneering the BRC-20 movement, a new token standard that enables smart contracts to be deployed on the Bitcoin network.
Contact
99Bitcoins
contact@99bitcoins.com
INDIANAPOLIS, INDIANA, April 11th, 2024, Chainwire
Polkadot Community Fuels Groundbreaking Sports Sponsorship, Showcasing Blockchain’s Transformative Potential
Marking a historic first in the sports world, the Polkadot community has used an on-chain community vote to select IndyCar racing star Conor Daly as Polkadot Brand Ambassador for the upcoming Indianapolis 500. This sponsorship represents the first time a major athlete’s sponsorship has been decided by a community vote using blockchain technology.
Daly is one of the most beloved figures in the American professional racing landscape, and is one of just 29 drivers in history to have raced in NASCAR’s Daytona 500 and the Indianapolis 500 within the same year. Just as popular off the track, the Indiana-native appeared in Season 30 of The Amazing Race and has engaged in a variety of activities that have highlighted his social personality, including hosting the prominent motorsports podcast, Speed Street, as well as appearing in the 2024 NBA Celebrity All-Star Game in his home state.
The proposal to sponsor Daly passed with an overwhelming 95.8% approval, demonstrating the community’s eagerness to showcase blockchain technology’s real-world applications and Polkadot’s vision for a freer, more open web (Web3). Launched in 2020 by Ethereum Co-Founder Gavin Wood, Polkadot is positioned to serve as the powerful, secure core of Web3. Polkadot’s decentralized governance places the community at the center of decision-making processes; every holder of the Polkadot token (DOT) has a voice towards shaping the platform’s future direction.
The iconic Indianapolis 500, set to take place on May 26, will serve as the launch pad for a dynamic year-long collaboration. Daly’s Polkadot Ambassadorship will extend beyond the racetrack and include a series of interactive community events and digital initiatives designed to engage fans and introduce them to Polkadot’s innovative technology.
“The fact that thousands of individuals in the Polkadot community – not a corporate marketing team – used their voices to vote and select me as their ambassador is an incredible honor and reflective of the power of what a more free and open internet can look like in the future,” Conor Daly said. “The fact that I’m racing not just for a brand name or logo, but representing developers, investors and regular people that are building tomorrow’s web, is thrilling and overwhelming. We’re bringing power back to people, while making sports history.”
A Historic First in Sports Sponsorship
This collaboration represents a significant shift from traditional models of athlete sponsorships, which are typically negotiated behind closed doors. Through decentralized governance, the Polkadot community is pioneering a new, transparent way to engage with sponsorships, showcasing the immense potential of blockchain technology to enable transparent, community-led decision-making in the realm of sports and beyond.
Chris Wade, the Polkadot community member who championed the proposal, remarked, “This landmark sponsorship proves the transformative power and trust of blockchain technology in making a previously exclusive process open and inclusive. It’s a testament to Polkadot’s forward-thinking innovative community, robust network, and progressive governance model. It’s a blueprint for future collaborations.”
Join the Polkadot Community
To learn more about Polkadot and how you can get involved in future community-driven initiatives, visit polkadot.network or follow Polkadot on X (@Polkadot). Stay tuned for updates on this exciting collaboration and discover how Polkadot is powering the creation of a freer, more open web.
About Polkadot
Polkadot is the powerful, secure core of Web3 for boundary-defying developers. It enables Web3’s biggest innovators to get their ideas to market fast, with flexible costs and token options. By making blockchain technology secure, composable, flexible, efficient, and cost-effective, Polkadot is powering the movement for a better web. For more information, visit polkadot.network↗
About Conor Daly
Conor Daly is one of the most beloved figures in the American professional racing landscape – having competed in the NTT IndyCar Series, NASCAR (Cup Series, Xfinity and Truck Series), GP2 Series and Nitrocross, amongst other pursuits. Just as popular off the track, the Indiana-native appeared in Season 30 of The Amazing Race and has engaged in a variety of activities that have highlighted his social personality, including hosting the prominent motorsports podcast, Speed Street, as well as appearing in the 2024 NBA Celebrity All-Star Game in his home state.
Daly is one of just 29 drivers in history to have raced in the Daytona 500 and the Indianapolis 500 within the same year. With a tenth-place finish in 2019 and a sixth-place finish in 2022, he led most laps, was a pole sitter and finished on the podium at the Indy 500 in 2021. In 2023, he defied all odds to qualify for the NASCAR Cup Series’ Daytona 500, racing on Floyd Mayweather’s The Money Team (TMT) Racing. He also became the first driver to compete in both NASCAR and IndyCar on back-to-back Texas weekends. The son of Formula One, CART and IMSA driver, Derek Daly, Conor started racing go-karts as a 10-year-old – grabbing two championships and Junior Driver of the Year recognition.
Follow his journey at www.ConorDaly.net – and on Instagram, Facebook, Twitter and Twitch. Conor is represented by Athelo Group (Sports Management).
Editor’s Notes
- Images Included with this release
High-resolution photos of Conor Daly and his Polkadot-branded Indy 500 car entry are available here.
Media Contacts
Jen Wheatley, Distractive
519.791.5769 I jen@distractive.xyz
Andrew de Lara
949.395.3724 I adelara@athelogroup.com
Contact
Jen Wheatley
Distractive
jen@distractive.xyz
Dublin, Ireland, April 11th, 2024, Chainwire
Donk.meme, a Solana-based meme coin has announced the launch of its presale $DONKM token presale.
Following the successful trajectories of predecessors like Bonk and Bome, both of which experienced remarkable growth, the Donk.Meme team is eager to try to follow their footsteps.
Donk.Meme draws its inspiration from the beloved, talkative donkey character of the Shrek franchise, hoping not just to entertain but also to carve a niche for itself within the Solana Meme Coin ecosystem.
What Makes Donk.Meme Special?
Donk.Meme differentiates itself with a no-cap presale model that encourages wide participation and ensures fairness in token distribution. This approach, reminiscent of the strategies employed by successful predecessors like Book Of Meme ($BOME) and Pepe Token, are adopted by Donk.Meme.
Donk.Meme Presale Details:
Total Supply: 1 Billion $DONKM Tokens
Presale Allocation: 700,000,0000 $DONKM Tokens (70% of the total supply).
Presale Ends: 12th April, 4pm UTC
No Minimum & Maximum Cap, this is to make it as fair as possible.
How To Join Donk.Meme Presale
- Users should set Up A Solana wallet using trust wallet or phantom wallet.
- If users don’t have $SOL, they need to acquire it from Exchanges like Finance, Coinbase or Kucoin or others.
- Users should send $SOL To The Presale address and make sure it’s the official one.
A Dashboard will be provided where users can calculate the amount of $DONKM they will receive relative to the total amount of $SOL contributed. The purchased $DONKM tokens will be airdropped after the presale ends.
About Donk.Meme ($DONKM)
Donk.Meme is a pioneering meme coin project launched on the Solana blockchain, inspired by the beloved character Donkey from the iconic Shrek series.
To visit The Donk.Meme Presale Page
Users can stay Up to date By Following Donk.meme On Social Media
Website | Twitter | Telegram | Discord
DONK is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in cryptocurrencies is volatile and dangerous.
Contact
CMO
Don Putrio
Donk.Meme
heehaw@donk.meme
New memecoins are attracting funds from investors who are cashing in their profits in tokens such as Book of Meme (BOME) and Shiba Inu (SHIB).
DinoCat (RAWR) and Furrari (FURRARI) are tokens that were both launched on 10 April, and they’re set to benefit massively from investors in other, larger memecoins, such as Book of Meme (BOME) and Shiba Inu (SHIB).
This is because these investors are redeploying their profits into smaller cap tokens, as they have potential for explosive growth due to their small market capitalizations.
For example, DinoCat has a market capitalization of just $9,000, while Furrari coin’s market cap is around the $14,000 mark.
And, with both of these coins set to announce bullish catalysts later in the week, their price is poised to surge 2,200% and 1,800%, before the end of next week.
This would still give them a market cap below $250,000 each, meaning both Furrari (contract address: 9oG3T8UMkFcjEEBQaEsU71B6Sa9grMbbP2SmKu6ed1T4) and DinoCat (contract address: 9khQG9Esv15TWf2F4kdx2ULmbhDvJQS7sDGPBpKLEA4G) would have plenty more potential for further, explosive gains.
These two tokens are currently only available to be traded on decentralized exchanges, such as Raydium and Jupiter.
The rise of these two new, cat-themed memecoins comes amid Book of Meme (BOME) and Shiba Inu (SHIB) trading sideways and posting sluggish gains in recent weeks.
For example, BOME is down 18% in the last 7 days, while SHIB has posted gains of just around 4%.
And, with smaller cap memecoins offering astronomical potential returns to early investors, it is not surprising that many memecoin traders are ditching SHIB and MEME for DinoCat (RAWR) and Furrari (FURRARI).
London, United Kingdom, April 10th, 2024, Chainwire
Mere weeks after hitting seven figures, Bitbot has continued its presale success, now with over $2.1 million in the bag, 80k Twitter/X followers, and over 27k in its Telegram community. For the Bitbot team, familiar with the market landscape and confident in their compelling product offering, this level of engagement and support comes as no surprise.
Bitbot (BITBOT) is available to buy on the official site.
Back in October, the Telegram trading bot market had under 10k daily active users. However, it has grown to around $1.4 billion in market cap since last summer. What’s more, out of the $18 billion cumulative trading volume, $12 billion of that was generated in 2024 alone, indicating that the industry is multiplying its momentum every single day.
Competitors Banana Gun (near +300% token price gains this year) and Maestro (lifetime trading volume, $4.7 billion) have proven popular despite both suffering security mishaps. The Bitbot team views this as billions of dollars in untapped potential in the Telegram trading bot space. The sector merely requires a secure alternative to catalyze an influx of thousands of new users. Such a development could transform the current niche status of Telegram trading bots, propelling the sector to a valuation well into the tens of billions.
Superior Features Are Reeling in the Investors
Bitbot’s Technical Product Advisor, Andrew Jacobs, has been carefully guiding the team to deliver a product and a presale that offers investors the opportunity to engage with a hallmark of safety, reliability, and innovation in the crypto trading bot arena.
“After watching the crypto trading bot market like a hawk, we can confidently say that we’ve learned from other people’s mistakes and built the tool to make trading crypto as easy as checking your emails. Plus, with our team of ex-Wall Street traders and AI savvy devs, we believe our product offers the retail investor a technological advantage over the institutions.”
One specific mistake competitors are making is on the security front. Currently, all Telegram trading bots require users to submit their private keys, leaving users vulnerable to hackers—a fate that Unibot and Maestro suffered.
The Bitbot team views the vulnerabilities found in Telegram trading bots as a major bottleneck, hindering user acquisition and suppressing market growth. Consequently, Bitbot is offering the industry its first chance to overcome this critical obstacle.
In a newly released demo—a rare occurrence for products in presale—viewers are shown the frictionless manner in which users can gain market intelligence and place trades. This is likely to appeal to the legions of casual crypto investors who may have previously been scared off by the complexities of crypto trading.
The Bitbot Token’s Long Term Appreciation Potential
Even with security flaws on their record, solid competitors Unibot and Banana Gun currently have market caps sitting at around $130 million and $20 million, respectively. Given that Bitbot’s non-custodial approach directly addresses the issues that have been holding its competitors back, the team is optimistic that the BITBOT token possesses the key ingredient to surpass these competitors in both market cap and token price gains.
Bitbot’s team believes that with perfect market timing—as altcoin season is likely just around the corner—and the impact of the Bitcoin halving, Bitbot is positioned as a key player. The team is optimistic that this strategic positioning could lead to double-digit returns, potentially making Telegram trading bots the success story of 2024.
Up to 50% of Bitbot’s revenue will be evenly distributed amongst BITBOT token holders, enriching the community and giving it the fuel to support the BITBOT token long term.
Bitbot (BITBOT) is available to buy on the official site.
About Bitbot
Bitbot is a new Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users, to enable them to trade using a variety of advanced features, including sniping and copy trading.
Audited by Solid Proof, Bitbot focuses on security and follows the motto, “Your keys, Your wallet, Your assets.” To this end, the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating counterparty risk and reinforcing this with anti-MEV and anti-rug technology.
For more information on Bitbot (BITBOT), users can visit the website.
Official Website | Whitepaper | Socials
Bitbot is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Contact
Bitbot Press Room
Bitbot
pr@bitbot.com
Tel Aviv, Israel, April 10th, 2024, Chainwire
Web3 platform for startups, Permissionless Capital has invited web3 startups to apply for its Permissionless Opportunities Event. The program will provide eligible web3 startups with access to the resources they need to successfully build out their concept and bring their product to market.
Permissionless Opportunities provides outstanding web3 startups with the tools, funds, and connections to navigate the blockchain industry and launch their product. Applications for the Permissionless event can be made in just 90 seconds, with no fees or pitches required. Dozens of startups are expected to apply for the inaugural Permissionless Opportunities Event, with the best applicants subsequently being invited to take part in the program.
The largest event of its kind for web3 and blockchain startups, Permissionless Opportunities gamifies the fundraising process and empowers outstanding companies to fulfill their potential. The event has secured partnerships with the likes of Solana, Polygon, ImmutableX, Chainlink, Arweave and many others.
Permissionless Opportunities was designed in the manner of a gameshow, complete with an audience participation component. The winners of the contest will be determined equally by expert judges and community consensus.
Winners of Permissionless Opportunities Event will have the opportunity to pitch to more than 50 leading VCs and to partner with ecosystems that will help to advance their concept and provide mentoring and technical support. Other perks include 1:1 access to expert advisors, credits, discounts, and extensive coverage in media outlets to raise their profile.
The program is targeted at web3 startups in the Defi, infrastructure, security, Gaming and RWAs categories and encompasses both B2B and B2C applications. Applications can be registered with Permissionless Opportunities from April 10-May 1. The program promises to shine a light on the next generation of web3 companies while giving the best applicants everything they require to optimize their prospects of success.
About Permissionless Opportunities Event
Permissionless Opportunities is the first online event hosted by Permissionless Capital. The startup and investor network believes in equal opportunities, regardless of a startup’s connections, background or country. Permissionless Opportunities takes the form of an online contest that’s free for web3 startups to apply to and attend. Successful applicants will have the opportunity to receive grants, credits, 1:1 mentorship and exposure to the biggest media outlets.
Learn more: https://event.permissionlesscapital.io/
Contact
Nir Naamani
nir@permissionlesscapital.io
Paris, France, April 10th, 2024, Chainwire
Sui Basecamp, the inaugural global conference for the Sui ecosystem opened its doors today in Paris, welcoming developers and entrepreneurs from around the world as they celebrate Paris Blockchain Week. A two-day event across two venues, Sui Basecamp features speakers across web2 and web3, spanning industry verticals from payments to gaming to ecommerce to major league sports. A celebration and exploration of the latest developments in web3, attendees are invited to presentations on cryptography from some of the world’s leading technologists, fireside chats on increasing market liquidity, and panels on real-world technological use cases.
Highlight announcements from the conference included:
- Introducing the SuiPlay0x1 – a lightweight handheld gaming device designed in collaboration with Playtron. SuiPlay0x1 runs Playtron’s device-agnostic gaming operating system, which is building up compatibility with various hardware configurations, gaming storefronts and direct-download game partners. The SuiPlay is the first handheld gaming device with native web3 capabilities, and will be available in stores worldwide in 2025.
- First Digital Labs is launching FDUSD, the fastest-growing stablecoin in crypto, on Sui, becoming the ecosystem’s first native stablecoin. Originally deployed on Ethereum and BNB, with plans to expand to other blockchains, Sui becomes the first blockchain FDUSD has expanded to since its inception. FDUSD launched in August 2023 and has already amassed a market cap of over $3.5 billion. Over the last week, FDUSD has seen the fifth-highest trading volume across the entire industry, including over $8 billion of volume in a single day.
- Enoki – Mysten Labs, the original contributor to Sui, has announced the launch of the Enoki platform, the gateway to next-gen customer experiences. Inside the Enoki portal, enterprises can access, leverage and embed public ledger solutions inside their applications, products and services, thanks to SDKs powered by Sui’s native feature, zkLogin. Partners integrating Enoki at launch include:
- Bluefin, a perpetual DEX with blazing-fast settlement and a seamless trading experience.
- Drife, a decentralized ride-hailing platform powered by blockchain with the intent of empowering both, the drivers and commuters.
- Quantum Temple, the digital platform for immersive cultural travel.
The event is a two-day affair that began at 9:30 AM local time on Wednesday, April 10, and concludes at 4:15 PM CET on Thursday, April 11. On Wednesday night, registered guests are invited to attend the Sui Soiree, an evening of cocktails, refreshments and dancing with a performance by German electronic music record producer, songwriter and DJ, Boys Noize. For more information, please visit sui.io/basecamp.
About Sui—Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Learn more: https://sui.io
About Mysten Labs—Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3. Learn more: https://mystenlabs.com
About First Digital Labs—First Digital Labs is the brand name of FD121 Limited, a Hong Kong-registered subsidiary under the First Digital Group. First Digital Labs focuses on cutting-edge research and development, specializing in the innovation and advancement of digital assets. First Digital Labs is the issuer of the FDUSD stablecoin. To learn more about First Digital Lab, visit https://firstdigitallabs.com/.
About Playtron—Playtron is building a lightweight gaming OS optimized for a new generation of powerful handheld gaming PCs and beyond. Play all your games from every store: Steam, Epic, GOG, and more. Playtron’s founders built Android to 1B users while simultaneously overseeing a multi-hundred person operational system team in an attempt to unseat the incumbent mobile duopoly. Playtron is backed by Samsung Next, Polychain, Circle, Mysten Labs, Alumni Ventures and more. Playtron-powered devices will start to ship world wide later this year ready to onboard the next 100 million core and casual gamers.
Contact
Sui Foundation
media@sui.io
San Fransico, California, April 9th, 2024, Chainwire
Algotech (ALGT) has emerged in the limelight again with the milestone of raising $500,000 in a single day during its ongoing presale. In less than four weeks of the current presale, Algotech has raised over $3.5 million.
Algotech’s Journey
Algotech was launched as an initiative by successful traders and technology experts who wanted to democratize access to advanced trading tools for layman users. The team wanted to provide beginning traders with the same high-tech tools that are used by hedge funds and large-scale investment firms. Combining this with the effectiveness of blockchain technology, Algotech has set its sights on becoming the leading platform by bridging together AI and blockchain technology in the trading segment.
Bringing Together AI and Finance
Millions of new users are embracing blockchain technology for its groundbreaking potential. However they still have to rely on traditional exchanges that design the ecosystem to favor institutional investors. Algotech is rectifying this challenge by introducing the first artificial intelligence (AI) based exchange that will allow users to have advantages in trading. The platform makes it simple for users to invest in cryptocurrencies and receive automated investment guidance.
Algotech’s Key Features
What makes Algotech a standout leader in the segment is the core features that have been introduced for traders. Imagine a trading landscape where regular traders have access to the same tools and resources as hedge funds and large-scale institutional investors. These tools conventionally have massive fees and are only available to a limited number of institutes. This is precisely the challenge that Algotech is working on addressing.
Here are the core features that are making Algotech is working on:
Breakout Detection
The breakout detection feature relies on advanced algorithms that factor in over 1000 unique data points to identify breakout opportunities. These algorithms have been trained on H100 GPUs to ensure that traders can get accurate investment calls for high-precision calls.
Hedging
Algotech allows traders to minimize investment risk by monitoring funding levels, liquidity, and spread. These factors generate warnings and allow users to implement advanced risk management including automated stop-losses.
High-Volume Arbitrage
This feature allows users to take advantage of the difference in pricing between different platforms using Algotech’s technical APIs. With high positioning sizing, users can handle trades with ease.
The Growing AI Blockchain Segment
The growth of the AI sector has been exceptional. In the past few years, the sector has grown multifold, and today, it has a market cap of over $25 billion, according to CoinGecko. In the coming few years, this number is expected to explode further as millions of new users are now looking for AI-based features in their day-to-day applications. One of the biggest sectors under the spotlight is the trading sector. The global cryptocurrency exchange segment is currently valued at over $45 Billion and is expected to reach $110 Billion in 2028. Additionally, beyond just cryptos alone, AI blockchain technology is also expected to serve as the backbone of the global trading ecosystem. This is where Algotech expects to bridge the gap by introducing AI-based trading features. These features will allow beginner traders to have an even playing ground against leading institutional investors and seamlessly invest using AI as their guide.
About Algotech
As Algotech continues its journey to transform Decentralized Finance (DeFi) with its innovative products, it is exciting to see the community support for this mission. The platform is democratizing access to trading tools for individuals across the world by providing AI features. Additionally, Algotech is making investing inclusive for the broader community by making it simple for users to become an early part of the community by providing governance rights and profit shares. As the project moves through its phases, we can only look toward the achievements that are on the horizon for Algotech, a true AI-blockchain project.
Visit the links below for more information about Algotech (ALGT):
Website: https://algotechtrade.com/
Whitepaper: https://algotechtrade.com/Algotech_Whitepaper.pdf
Linktree: https://linktr.ee/algotech.trade
Algotech is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in cryptocurrencies is volatile and risky.
Contact
Algotech
Algotech Solutions
algotechsolutionsio@gmail.com