New Bitcoin Addresses Plunge To Lowest Since 2018; Investors Continue To Grow On Algotech Presale Amid Millions Raised

The cryptocurrency market continues to witness volatility as Bitcoin (BTC) fluctuates amidst increasing investor inactivity. On the other hand, Algotech (ALGT), the top presale token continues to pull investors as the presale advances.

Explore Bitcoin (BTC) and Algotech (ALGT).

Bitcoin (BTC) Fluctuates As It Records The Lowest New User Numbers Since 2018

On May 15, 2024, US CPI data was released showing a 0.3% increase in CPI. Experts suggested that inflation rates fell marginally as retail sales stagnated. Following the report, Bitcoin (BTC) strengthened, with its value surging from $61,553 to $67,694 on May 19.

On May 20, Bitcoin dominance was displayed when its price fluctuation led multiple altcoins to falter and eventually lose significant value. Bitcoin’s (BTC) price fluctuation comes amidst investor doubt about Bitcoin future, with on-chain analysis showing that its new account creation numbers fell to a 2018 low.

Failure to attract new accounts in a network indicates a bearish sentiment for Bitcoin (BTC), causing investors to dampen their Bitcoin future outlook. Moreover, on-chain data analysis shows a significant drop in miner revenues. Based on this information, Bitcoin (BTC) investors expect bears to dominate the market.

However technical analysis shows that Bitcoin (BTC) is on the verge of a bull rally as it struggles to break past the $67,000 resistance. Bitcoin future price forecasts indicate a likely surge to $80,000 in Q4 if buyers push Bitcoin (BTC) past this resistance level. 

Algotech (ALGT) Public Presale Attracts Investors As It Receives Millions In Inflows

Algotech (ALGT) joins new DeFi projects to tackle a growing DeFi vertical, algorithmic crypto trading. Algotech (ALGT) presents a decentralized trading platform with advanced technical engineering and features that may propel it to become the best algorithmic trading application in the industry.

Algotech’s (ALGT) machine-learning models enable easy navigation in the complex crypto trading market. Moreover, Algotech (ALGT) opens up hedge fund-level trading techniques and tools to maximize yields for retail traders.

The platform has an ongoing multistage presale to raise funds for its continued R&D to make it the best DeFi trading platform. As its presale raises millions even before it is over, Algotech (ALGT) has recently invested in the latest GPUs to offer the best service in AI-powered trading in the DeFi sector.

With the public presale in Stage 3 of 4, Algotech (ALGT) has delivered 100% ROI of the 275% yield promised. Savvy investors who bought ALGT tokens at $0.04 have seen the price rise to $0.08 within weeks. With over $4 million raised in the ongoing presale, Algotech (ALGT), unlike Bitcoin (BTC) has an easy time attracting investors.

Following its initial success, Algotech (ALGT) has continued to enjoy massive demand as investors seek to enjoy its presale profits. With its launch price set at $0.15, Algotech (ALGT) buyers in Stage 3 will earn an 87.5% profit when ALGT trading on crypto exchanges starts.

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Torsten Hartmann
Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.