AAVE and The Graph (GRT) Investors Show Growing Interest Over This New Algorithmic Trading Platform
The AAVE community is considering a new proposal. The Graph (GRT) gets a new partner. Meanwhile, investors are moving towards a new crypto trading project.
What does this proposal mean for the AAVE crypto? Why are investors so interested in this new platform? And what is The Graph’s (GRT) new partnership about? Let’s find out!
TLDR
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AAVE seeks expansion.
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The Graph (GRT) is stronger with the new alliance.
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Algotech (ALGT) revolutionizes crypto trading.
AAVE Price Prediction: AAVE Could Expand To Neon EVM on Solana
On January 15, 2024, it was reported that the AAVE community was considering deploying AAVE v3 on Neon EVM, a smart contract framework that allows Ethereum dApps on Solana. The proposal was put forward by the Neon Foundation and AAVE Chan Initiative, an AAVE contributor.
The proposal intends to initially extend AAVE’s spending services to Solana as a minimum viable product (MVP). This entails the controlled introduction of assets and the adoption of conservative risk parameters. SOL, mSOL, and jitoSOL will function as collaterals, while USDC will be the only borrowable asset.
This move will help AAVE access Solana’s liquidity, boosting transaction volumes. However, since the proposal was announced, the AAVE crypto price has lost 6.4%, falling from $99.39 to $93.01. This price decrease is attributed to the market’s post-ETF slump.
However, analysts say the AAVE crypto can reach $638.98 during the 2024 bull market.
The Graph (GRT) Collaborates With Deutsche Telekom on Query Processing
On September 29, 2023, Deutsche Telekom announced it would provide secure nodes for The Graph (GRT). Deutsche Telekom nodes will function as Indexers by processing data queries and tracking needed information like prices, transactions, or historical data. This means developers and users can easily access indexed data, with Deutsche Telekom receiving GRT in return.
The collaboration will also improve The Graph’s (GRT) performance. It will also enhance The Graph’s (GRT) security and improve access to Web3 services for companies.
Since the announcement, The Graph (GRT) has gained 81.6%, surging from $0.087 to $0.158. This pump was driven by the crypto rally in the last two months of 2023. However, The Graph (GRT) has lost that momentum, losing 16.03% in the last month.
Despite this, The Graph (GRT) is one of the altcoins to watch this year, as analysts say it can reach $0.365 during the 2024 bull market.
Why Algotech (ALGT) Appeals to Investors
With the downtrend being experienced by GRT and AAVE, investors in both projects are showing interest in the new decentralized algorithmic trading platform, Algotech (ALGT). They are attracted by Algotech’s (ALGT) potential to be one of the top DeFi projects.
Algotech (ALGT) aims to help traders navigate complex crypto markets efficiently, precisely, and accurately. The platform achieves this aim by using cutting-edge technology like AI and machine learning to collate and analyze data and use it to create trading strategies tailored to market conditions.
With Algotech (ALGT), traders can now overcome problems associated with manual trading, like the inability to process lots of data, exhaustion, inconsistent execution, and subjectivity. They can rely on Algotech’s (ALGT) algorithmic trading strategies to trade efficiently and maximize profits.
Algotech’s (ALGT) features attracted the first investors, who invested $1.1 million during the seed sale. Investors who missed the seed sale can now purchase ALGT during the presale. The presale is currently in Stage 1, and ALGT tokens are sold at $0.04. Buying now means you will gain 275% when the project is launched.
You will also gain governance rights and own a part of the Algotech (ALGT) software. Furthermore, you will earn a percentage of the 30% performance fee charged on the platform.
All of the above-mentioned reasons are why investors believe Algotech (ALGT) is the best new crypto to invest in.
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