Shiba Inu’s (SHIB) Layer-2 network, Shibarium, recently announced that it would enlist 1000 more projects onto its protocol. Meanwhile, Algorand’s (ALGO) CEO witnessed a security breach on her X account. On the other hand, Algotech (ALGT) emerges as the best crypto to buy, offering investors a 275% ROI by the end of the presale. Can Algotech (ALGT) draw investors away from Shiba Inu (SHIB) and Algorand (ALGO)? Let’s find out.
TLDR
- Analysts predict that Algotech (ALGT) can soar to $0.15 once ALGT tokens are launched on major crypto exchanges.
- SHIB price prediction suggests that Shiba Inu (SHIB) can surge to $0.0000115.
- Market forecasts indicate that Algorand (ALGO) can trade at an average price of $0.073.
Algotech (ALGT) Charts Path to Crypto Dominance Amid Market Turbulence
Algotech (ALGT) is the new sheriff in town that has attracted massive investor interest over the past few weeks. The platform operates on a decentralized architecture founded on blockchain technology, providing immutability and security throughout trading operations.
As the best crypto for beginners, Algotech (ALGT) places a strong emphasis on safeguarding users' capital through the implementation of rigorous risk management protocols. These protocols involve meticulous risk assessment, strategic position sizing, and diversification of portfolios, all aimed at minimizing potential losses and improving trading outcomes.
Moreover, Algotech (ALGT) revolutionizes trading by removing the constraints of manual execution. The platform guarantees precise trade execution through automation and instantaneous data analysis, optimizing profit potential while minimizing overlooked opportunities.
Algotech’s (ALGT) private seed sale saw resounding success, with the platform amassing $1.1 million in just two days! Amid increased investor interest, Algotech (ALGT) progressed to Stage 1 of its public presale, with ALGT tokens trading at $0.04.
Adding to the excitement, Algotech (ALGT) entices investors with prizes in their giveaways, including two tickets to the Blockchain Live Event in Dubai 2024. Analysts indicate that Algotech (ALGT) can soar to $0.15 once the presale ends, cementing Algotech (ALGT) as the top crypto to buy.
Shibarium Plans To Enroll More Projects Into Its Network: What’s Next for SHIB?
On January 29, 2024, Lucie, Shiba Inu’s (SHIB) marketing lead, indicated that Shiba Inu‘s (SHIB) ecosystem has introduced bold initiatives for the Shibarium Layer-2 scaling solution. SHIB news indicates that the objective is to attract 1,000 projects to Shibarium, demonstrating a substantial effort to enhance adoption and bolster network expansion.
As per SHIB news, the intention of K9 Finance (K9) to join Shiba Inu’s Shibarium accentuates its growing attractiveness. Furthermore, the endorsement from major crypto exchanges like GroveX and Gate.io also serves to reinforce this heightened interest.
In Lucie’s perspective, Shibarium’s evolution transcends numerical project increments; it involves cultivating strategic collaborations with leading enterprises to amplify the network’s adoption and versatility.
SHIB news reveals that Shiba Inu (SHIB) oscillated between $0.0000087 and $0.0000091 in the past week. Experts attribute Shiba Inu’s (SHIB) price action to increased market volatility.
On the other hand, analysts remain bullish on their SHIB price prediction. Shibarium's performance has been remarkable, handling between 1.7 million and 7.5 million transactions per day for seven consecutive weeks. As Shibarium enhances its network capabilities, SHIB price prediction suggests that Shiba Inu (SHIB) can soar to $0.0000115 by March 2024.
Algorand (ALGO) CEO’s X Account Breached
On January 26, Staci Warden, the CEO of Algorand Foundation, encountered a security breach on her X social media account. Algorand (ALGO) issued a warning through a post on X (formerly Twitter), urging users to avoid interactions with the compromised account.
The hacker's messages included a reposted link labeled "puppets ruined Bitcoin" and a misleading assertion suggesting Warden's dismissal from Algorand, coupled with the alleged loss of her affiliations. The infiltration of Warden's account signifies the third instance in January where cybercriminals targeted the social media handles of crypto executives or regulators.
Notably, the hacker's maneuvers with the hijacked account directly targeted Warden personally, as they modified her profile to falsely assert that she "drained six figures from my customers and gaslit them into thinking it was a hack" and purported that she had a background as a "semi-professional pole dancer."
It's still uncertain whether X's help center was actively addressing the hack. John Woods, Algorand’s (ALGO) chief technology officer, mentioned in a statement released on Jan. 26 at 8:10 pm UTC that the company was still striving to recover Warden’s account, emphasizing that "no Algorand systems or accounts have been compromised."
Meanwhile, on-chain data indicates that Algorand (ALGO) traded between $0.164 and $0.168 in the past week. According to crypto analysts, Algorand’s (ALGO) price performance is linked to increased market consolidation, even though Bitcoin (BTC) managed to recover its earlier price rally.
Experts reveal that Algorand (ALGO) may experience increased volatility in the coming weeks due to reduced investor interest, with ALGO’s price expected to trade at $0.073.
