One of the best ways to determine the direction of any cryptocurrency is to evaluate the price action of the biggest investors. Just recently, a Shiba Inu (SHIB) whale made waves by redistributing their funds. Meanwhile, Algotech (ALGT) presale is in active state.
The unknown whale had around $250,000 worth of SHIB tokens sold over 9bn SHIB on major exchanges, including Coinbase and Binance, among others, during the recent slump in value. Though some may consider this as a bearish sign for Shiba Inu, opting for Algotech's ALGT token presale by the investor can imply a change in focus towards an optimistic DeFi project.
SHIB struggles, dip signals concern
In recent months, Shiba Inu has faced some competition. SHIB had an encouraging rally recently but is currently battling for the momentum. The current direction is a reflection of a larger market trend that has caused the deep-pocketed SHIB investor to diversify their holdings.
The Shiba Inu community, however, is still strong due to its dedicated followers and the prospect of a future increase in the coin's price. On-chain data has disclosed that some investors are accumulating more SHIB tokens during the dip as they feel that it might be a good entry point for them.
Algotech automating trading strategies
Amidst this tumultuous period, Algotech has emerged with innovation that has won over investors with its grand plan of merging algorithmic trading strategies and cutting-edge AI technology.
Algotech wants to redefine trading through the use of machine learning algorithms and data insights. Its platform automates trading strategies and eradicates human sentiments from the equation. Furthermore, Algotech offers a wide range of algorithmic strategies that are designed to suit different market situations to cater for all levels of traders, including beginners or veterans.
Additionally, the platform boasts a reliable technical infrastructure that ensures fast execution with low latency, enabling traders to grab short-lived opportunities within the rapidly changing crypto markets.
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