San Francisco, California, April 9, 2024, Chainwire
Algotech (ALGT) has once again appeared in the spotlight by crossing the milestone of raising $500,000 in a single day during its ongoing presale. In less than four weeks since the current presale, Algotech has raised over $3.5 million.
Algotech’s journey
Algotech was started as an initiative of successful traders and technology experts who wanted to democratize access to advanced trading tools for lay users. The team wanted to provide beginning traders with the same high-tech tools used by hedge funds and large-scale investment firms. By combining this with the efficiency of blockchain technology, Algotech aims to become the leading platform in bridging AI and blockchain technology in the trading segment.
Bringing AI and finance together
Millions of new users are adopting blockchain technology for its revolutionary potential. However, they still need to rely on traditional exchanges that design the ecosystem to favor institutional investors. Algotech addresses this challenge by introducing the first artificial intelligence (AI)-based exchange that will allow users to have advantages in trading. The platform allows users to easily invest in cryptocurrencies and receive automated investment advice.
Main features of Algotech
Which makes Algotech A standout leader in the segment lies in the core features that have been introduced for traders. Imagine a trading landscape in which regular traders have access to the same tools and resources as hedge funds and large-scale institutional investors. These tools are traditionally paid for and are only available to a limited number of institutes. This is precisely the challenge that Algotech strives to meet.
Here are the main features that Algotech is working on:
Escape detection
The breakout detection feature leverages advanced algorithms that consider over 1,000 unique data points to identify breakout opportunities. These algorithms were trained on H100 GPUs to ensure that traders can get accurate investment calls for high precision calls.
Blanket
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 price difference between different platforms thanks to Algotech's technical APIs. With high size positioning, users can manage transactions easily.
The Growing AI Blockchain Segment
The growth of the AI sector has been exceptional. In recent years, the sector has multiplied and its market capitalization today reaches more than $25 billion, according to CoinGecko. In the coming years, this number is expected to explode further as millions of new users now seek AI-powered features in their everyday applications. One of the sectors most in the spotlight is that of commerce. The global cryptocurrency trading segment is currently valued at over $45 billion and is expected to reach $110 billion in 2028. Additionally, beyond just cryptocurrencies, AI blockchain technology is also expected to serve as a thorn backbone of the global business ecosystem. This is where Algotech hopes to bridge the gap by introducing AI-based trading features. These features will allow novice traders to have a level playing field against major institutional investors and invest seamlessly using AI as a guide.
About Algotech
As Algotech continues its journey to transform decentralized finance (DeFi) with its innovative products, it is exciting to see the community's support for this mission. The platform democratizes access to trading tools for individuals around the world by providing AI capabilities. Additionally, Algotech makes investing inclusive to the broader community by making it easy for users to become part of the community by providing them with governance rights and profit shares. As the project progresses through its phases, we can only look towards the achievements that are on the horizon for Algotech, a true AI-blockchain project.
Visit the links below for more information on Algotech (ALGT):
Website: https://algotechtrade.com/
White paper: https://algotechtrade.com/Algotech_Whitepaper.pdf
Link tree: 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
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