Why Shiba Inu Whales Are Switching to Algotech Presale Despite Ethereum Price Rise
As Ethereum surged toward $4,000, investors and traders anticipated a ripple effect for Ethereum-based meme coin Shiba Inu (SHIB). With its notable surge, SHIB is at the forefront of the recent meme coin craze, surging 275% in the past month.
Recent developments in the Shiba Inu ecosystem have also contributed to the price surge. Despite the meme coin’s hype, investors are speculating about Ethereum’s future trajectory as it fails to boost the price of the token and fraudulent activity increases on the network. Many investors expect SHIB to enter a long-term correction phase and look for other investment options.
Investors are concerned about fraudsters targeting SHIB holders.
Meme Coin continues its sideways momentum below $0.000036 despite recent ecosystem developments. The recent integration of Sheboshis into the Shiba Inu (SHIB) network was an important milestone for this project. Moreover, the token saw a significant increase in market activity through its listing, which was widely welcomed by the SHIB community.
However, these developments have come with fraudsters looking to exploit the opportunity and have raised concerns among investors and community members. The Shiba Inu team has reported an increase in fraud with scammers targeting SHIB holders with false claims of Sheboshi prizes and airdrops.
This has led investors to question the ecosystem’s security protocols and the long-term viability of meme coins due to their lack of intrinsic value. Investors are abandoning SHIB assets to explore other deFi projects with robust tokenomics to protect their investments from potential fraud schemes. Algotech (ALGT), an emerging algorithmic trading platform, is attracting attention for its high potential.
Crypto Whale Switches to Algotech After $1.9 Million Public Presale
Algotech (ALGT) is emerging as an important investment choice for traders and investors. The project surpassed market expectations by selling over 45 million ALGT tokens in two weeks. The platform has raised over $1.9 million in a public pre-sale through 5,000 unique holders and is expected to soon surpass $2 million.
Algotech is an algorithmic trading platform that gives users access to advanced trading insights. The platform leverages artificial intelligence and blockchain technology to provide traders with unparalleled advantages. Some of the key features include breakout detection, mean reversion, and bulk arbitrage.
The deflationary ERC-20 coin is also backed by robust token economics that ensures continued reinvestment in development to support the growth of the TradFi platform.
ALGT tokens are currently in high demand and investors are rushing to purchase them at $0.06. In the next phase, the price will rise to $0.08 due to deflationary token economics. Some analysts predict that a 300% increase in investment returns would push the token price up to $1.
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