SUI’s (SUI) TVL Surges; Binance (BNB) Moves Bulk XRP Tokens; Algotech (ALGT) Is The Best Coin To Invest In 2024

The crypto world is rapidly growing, with several projects leading the charts. One standout crypto project is Algotech (ALGT). This newly launched cryptocurrency is in its presale round, and has secured over $455,000 in funding within days.

Other projects like SUI (SUI) and Binance (BNB) have also moved in the green. However, their growth rate is not as convincing as that of Algotech (ALGT).

SUI (SUI) Sees Increased Deposit Of Assets

With a continuous rise in price charts, SUI (SUI) has become one of the best-performing cryptocurrencies in 2024. In the last month, the market value of SUI (SUI) has increased by 30%. Consequently, SUI (SUI) is currently trading at $1.84.

One of the major reasons behind SUI’s (SUI) rise is increased activity on its network. The on-chain data shows that the assets deposited on the SUI (SUI) blockchain have skyrocketed by 92% since January 1.

With this, SUI (SUI) has become one of the top ten chains by total value locked. At present, the TVL of SUI (SUI) is more than $609 million.

Binance (BNB) Transfers 200 Million XRP Tokens

Binance (BNB) recently grabbed the attention of the crypto community after moving a significant amount of XRP tokens. On February 13, Binance (BNB) transferred a whopping 200 million XRP tokens to an unidentified wallet. As per reports, Binance (BNB) has activated the receiving address on December 21.

However, the real reason why Binance (BNB) transferred these XRP tokens is still not clear. Meanwhile, Binance (BNB) has witnessed an increase in its price movement. On the monthly price chart, Binance (BNB) has soared by 12%. Hence, at the time of writing, Binance (BNB) is changing hands at $355.08.

Algotech (ALGT) Presents Best Presale Coin

Thanks to technological advancements, traditional manual trading has given way to algorithmic trading. Algo trading has become popular for its accuracy, low cost, and high efficiency. Therefore, around 70%-80% of traders globally use algorithms in trading. Now, Algotech (ALGT) has launched a novel crypto trading platform to capitalize on this trend.

The new platform offers advanced technologies. It analyzes market trends, patterns, and vast data sets to identify the best digital assets. Besides, Algotech (ALGT) has planned to list multiple trading pairs. For this, it will collaborate with leading crypto exchanges.

Algotech (ALGT) will also offer arbitrage services. Through this, Algotech (ALGT) users can exploit price differences between different crypto exchanges. The platform will promote social trading. Here, users can copy the successful trades of seasoned and professional traders. They can also share their trading strategies with other traders in the Algotech (ALGT) community.

Due to these features, the demand for Algotech (ALGT) has surged significantly. More than 25% of tokens assigned to the platform’s presale Stage 1 are sold out within a few days of its launch. Currently, investors can lock an ALGT token at just $0.04, which will rise to $0.06 in the next stage.

Moreover, analysts predict that the token’s price can go up by 275% during the presale round. Interestingly, users can start locking presale ALGT tokens for just $25.

Notably, the holders of presale ALGT tokens will win several giveaways. It includes prizes like the latest iPad, VIP tickets to a blockchain event in Dubai, and many more. The ALGT token holders will also get voting rights on the platform.