Algotech (ALGT) raised over $500,000 in one day during its ongoing presale.

adminApril 9, 2024

San Francisco, CA, April 9, 2024, Chainwire

Algotech (ALGT) is back in the spotlight after reaching the milestone of raising $500,000 in one day during its ongoing pre-sale period. Now, in less than four weeks since pre-sales began, Algotech has raised over $3.5 million.

Algotech’s Journey

Algotech started as an initiative of successful traders and technology experts who wanted to democratize access to advanced trading tools for everyday users. The team wanted to provide novice traders with the same cutting-edge technological tools used by hedge funds and large investment firms. Combining this with the efficiency of blockchain technology, Algotech aims to become a leading platform by combining AI and blockchain technology in the trading sector.

Combination of AI and Finance

Millions of new users are embracing the groundbreaking potential of blockchain technology. However, they still have to rely on traditional exchanges that design their ecosystems to favor institutional investors. Algotech is solving these problems by introducing the first artificial intelligence (AI)-based exchange that gives users an advantage in their trading. The platform allows users to simply invest in cryptocurrencies and receive automated investment guidance.

Key Features of Algotech

What makes Algotech a prominent leader in its sector are the key features it has introduced for traders. Imagine a trading environment where retail traders have access to the same tools and resources as hedge funds and large institutional investors. These tools are typically prohibitively expensive and only available to a limited number of institutions. This is the challenge Algotech is trying to solve.

The key features Algotech is working on are:

Breakout detection

Breakout detection uses advanced algorithms that consider over 1000 unique data points to identify breakout opportunities. These algorithms are trained on H100 GPUs to help traders get accurate investment calls for high-precision currencies.

hedging

Algotech allows traders to monitor funding levels, liquidity and spreads to minimize investment risk. These elements generate alerts and allow users to implement advanced risk management, including automated stop losses.

mass arbitrage

This feature allows users to take advantage of pricing differences between different platforms that use Algotech’s technology API. The high positioning size allows users to easily process transactions.

Growing AI Blockchain Sector

The growth in the AI field has been remarkable. According to CoinGecko, the sector has grown multiple times over the past few years and currently has a market capitalization of over $25 billion. This number is expected to explode further in the coming years as millions of new users seek AI-based features in their everyday applications. One of the areas receiving the most attention is trade. The global cryptocurrency exchange sector is currently valued at over $45 billion and is expected to reach $110 billion by 2028. In addition, not only cryptocurrency but also AI blockchain technology is expected to play a central role in the global trading ecosystem. Algotech hopes to bridge the gap by introducing AI-based trading capabilities. These features allow novice traders to compete on a level playing field with leading institutional investors and invest seamlessly using AI as their guide.

About Algotech

As Algotech continues its journey to transform decentralized finance (DeFi) with innovative products, it’s exciting to see the community supporting this mission. The platform offers AI capabilities to democratize access to trading tools for individuals around the world. Additionally, Algotech makes investing in the broader community inclusive by making it simple for users to become an early part of the community by providing governance rights and profit shares. As the project goes through several stages, we can only look at the results of Algotech, a true AI blockchain project.

To learn more about Algotech (ALGT), visit the link below:

Website: https://algotechtrade.com/

blank: https://algotechtrade.com/Algotech_Whitepaper.pdf

Link tree: https://linktr.ee/algotech.trade

The source of this content is Algotech. This press release is provided for informational purposes only. The information does not constitute investment advice or an investment recommendation. Investing in cryptocurrency is volatile and risky.