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Crypto price predictions: BitBot, Mantle, Bitcoin Cash

Cryptocurrencies were relatively mixed on Wednesday as investors waited for the next catalyst. Bitcoin remained above $70,000 as buyers attempt to retest its all-time high. Some of the other top-performing cryptocurrencies were Mantle (MNT), Sui, Bitcoin Cash, and SingularityNET (AGIX). This article provides a forecast for some of these coins like Bitcoin Cash, BitBot, and Mantle.

Bitcoin Cash price forecast

Bitcoin Cash (BCH) price has been in a strong uptrend in the past few months.  It rallied as investors wait for the upcoming halving event, which will reduce the number of block rewards.

This rebound gained steam on Wednesday as it crossed the important resistance level at $529.8, its highest swing on March 3rd.

Moving above this price was an important move since it invalidated the double-top pattern, which has been forming recentlt. The token has moved to the fourth resistance of the Woodie pivot point. 

It has jumped above all moving averages while the Relative Strength Index (RSI) has drifted upwards. Therefore, the outlook for the coin is highly bullish, with the next point to watch being at $600.

Mantle price prediction

Mantle token price continued rising on Wednesday, becoming one of the best-performing cryptocurrencies in the market. The token surged after the official $MNT lock-in period started, making it possible for rewards to be unlocked.

Mantle price formed a god candle as it surged to a high of $1.4890, its highest point on record. It also jumped above the second resistance of the Woodie pivot point. The coin also soared above the key resistance point at $1.10, its highest swing on March 11th.

Mantle has soared above the 50-day moving average while the Relative Strength Index (RSI) has moved above the neutral level. Therefore, the outlook for the MNT token is bullish, with the next point to watch being at $1.50. 

BitBot analysis

Unlike Mantle and Bitcoin Cash, BitBot is in a presale phase, where it is growing in popularity. The developers have now raised over $1.5 million in its token sale, making it one of the most successful token sales.

BitBot is a company that aims to change the crypto trading industry by creating an AI-trading bot that will be provided in Telegram. This is a major bot that will target over 900 million Telegram users from around the world.

In addition to its AI features, BitBot will have more unique features. It will have strong security features, advanced trading tools, and in-built data tools. Most importantly, it will be more secure by having self-custody features.

There are a few reasons why the BitBot token will do well. First, it has advanced artificial intelligence features. In most cases, AI-focused tokens like SingularityNET, Fetch AI, and Ocean Protocol are soaring.

Second, unlike other cryptocurrencies, it will have utility in the ecosystem. Some of these features will be revenue sharing and governance roles. Holders will also have an exclusive access to the platform. You can buy the BitBot token here.

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Judge rules SEC can proceed with case against Coinbase

  • Judge rules SEC vs. Coinbase case to proceed.
  • US District Judge Kathrine Failla however granted Coinbase’s motion on its wallet.

A federal judge has ruled that the US Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase will move forward.

US District Judge Kathrine Failla gave the ruling on Wednesday, with the court’s order denying Coinbase’s motion to dismiss the case.

Judge denies Coinbase motion

The SEC sued Coinbase in June 2023, alleging that the US-based company operated an unregistered crypto exchange and offered unregistered securities.

Judge Failla allowed the SEC’s case noting that the regulator had “sufficiently pleaded that Coinbase operates as an exchange, as a broker, and as a clearing agency under the federal securities laws, and, through its Staking Program, engages in the unregistered offer and sale of securities.”

The court however, granted Coinbase’s motion to dismiss SEC’s claims against Coinbase Wallet.

“Today, the Court decided that our SEC case will move forward on most of the claims, but dismissed the claims against Coinbase Wallet. We were prepared for this, and we look forward to uncovering more about the SEC’s internal views and discussions on crypto regulation,” Coinbase chief legal officer Paul Grewal said in a comment posted on X.

“We also appreciate the Court’s understanding that technology innovations like Coinbase Wallet do not and cannot implicate US securities laws,” Grewal added.

Coinbase will now prepare to meet the SEC in court, the exchange’s legal officer said. According to court documents, the parties now have until April 19, 2024 to submit a proposed case management plan.

Crypto prices fell slightly following the news. Top altcoins like Solana, Cardano and Avalanche saw losses of more than 3% each.

Bitcoin slipped below $70k while Ethereum hovered to near $3,500.

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Tether integrates native USDT on Celo mainnet

  • Tether has added native USDT on Celo blockchain.
  • Celo ecosystem partners across P2P payments, lending, and remittances will leverage the stablecoin in their operations.

Tether’s USDT is now live on Celo, a mobile-first and EVM-compatible blockchain.

USDT integration on the Celo mainnet bolsters the blockchain platform’s stablecoin adoption and real-world assets (RWAs).

“This expansion introduces USDT to Celo’s robust ecosystem with over 1,000 partners in 150 countries, including Opera MiniPay’s ultralight stablecoin wallet in Kenya and Ghana, among other countries,” the Celo Foundation said in a blog post.

Tether and Celo initially announced their partnership on March 11. At the time, Tether CEO Paolo Ardoino commented that USDT integration on Celo was a “significant step forward” in the company’s mission to bring crypto to millions of people around the world.

Ardoino noted Tether would leverage Celo’s unique capabilities to enhance Tether’s usability and accessibility.

Celo partners to tap into USDT

Following the USDT launch on Celo, core network contributor cLabs revealed plans for a proposal that will see the USDT stablecoin used as the official gas fee token.

Celo’s ecosystem counts more than 1,000 builders across 150 countries. More than 20 partners will tap into USDT for use cases such as on-chain savings, lending, peer-to-peer (P2P) transactions, remittances and cross-border payments.

Among Celo ecosystem partners looking to leverage the native USDT support on the blockchain include point of sale platform Ammer Pay, crypto-fiat exchange Bitmama, regulated stablecoin on/off ramp Yellow Card and DeFi platform HaloFi. 

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Algotech introduces AI to the crypto trading ecosystem, raises $3.2 million in first 3 weeks of its presale

Key takeaways

  • Algotech’s decentralized algorithmic trading platform is set to appeal to the fast-paced world of cryptocurrency trading.

  • The project is still in presale and has raised more than $3.3 million so far.

Real-world asset (RWA) tokenization, Artificial Intelligence (AI), GameFi, Layer-2 SocialFi. These are some of the leading narratives in the cryptocurrency space at the moment.

The last few months have seen several AI tokens record excellent gains. However, there hasn’t been much focus on AI in the cryptocurrency trading space. Algotech is embarking on this mission and intends to make a difference in the world of cryptocurrency trading with its technology.

What is Algotech?

Before we dig deeper into this project, we need to know what Algotech is. Algotech is a cutting-edge decentralized algorithmic trading platform designed specifically for the fast-paced world of cryptocurrency trading.

The platform has advanced algorithms and machine learning features, enabling it to help traders navigate the complex crypto markets efficiently, precisely, and accurately.

AI is gaining adoption thanks to the ease it carries out complex tasks. This is what Algotech is introducing to the crypto space. Algotech eliminates the limitations and challenges associated with manual trading thanks to its robust infrastructure and sophisticated trading strategies.

Furthermore, Algotech’s algorithms are fast, smart, and accurate, enabling traders to execute precise and consistent investment strategies.

Is Algotech’s technology ideal for crypto traders?

The total cryptocurrency market cap is approaching its all-time high of $3 trillion. This means that activity in the market is up to its 2021 levels. If the current trend continues, the market could see its total capitalisation soar higher in the coming months.

With rising trading volumes, cryptocurrency traders need an edge that would allow them to beat the market and make a profit. This is where Algotech comes in.

According to their whitepaper, the platform’s advanced algorithms analyze assets across over 1000 unique data points to identify the next breakout opportunities. Algotech’s algorithms have been trained on H100 GPUs to ensure traders can make split-second entry decisions for high-precision trading.

Secondly, the platform reduces risk for traders by monitoring market funding levels, availability, liquidity, and spread. Thanks to the AI-based trailing stops, it is now easy for traders to manage risk and protect their capital.

Furthermore, with Algotech and its advanced AI tools, users can easily identify arbitrage opportunities in different asset pairs and take automated entries. Finally, the tool provides access to trading strategies, community resources, and trading education. With these features, Algotech could be an ideal tool for crypto, forex, and stock traders.

Is Algotech a strong project?

When determining the strength of a project, there are certain criteria to look at. They include; technology, development team, and tokenomics. We already explained the technology and if the team rolls out its tools, it could gain massive adoption in the market.

In terms of tokenomics, Algotech could also be regarded as a strong project. Per their whitepaper, there would be a total supply of 350 million ALGT tokens. 10% of the tokens have been allocated to R&D and funding for testing, durability and performance on the current and new algorithms.

Another 10% for the support in promotion and bounty to partners. The founders will hold on to only 7% of the total supply while the team gets a 3% allocation. Finally, 70% of the total token supply is available for public sale (including marketing).

As an ERC-20 token, Algotech will offer holders a reward system that incentivises long-term investment and engagement. The token grants governance rights in the Algotech community, meaning each individual can affect the platform’s important decisions.

Should you buy into the Algotech project?

The Algotech presale is ongoing, and the project has raised more than $3.3 million in three weeks. The presale is in its second stage, with an 88% completion rate as of today. In this stage, the ALGT token is going for $0.06, with more than 86,000 tokens sold so far.

However, should you buy the ALGT token in its presale? And if you do, what is the token’s long-term potential?

The ALGT token will power the Algotech ecosystem. Algotech could gain massive adoption in the market thanks to the platform’s focus on lucrative trading strategies such as hedging, mean reversion, and trend-following.

Furthermore, the platform presents traders with multiple arbitrage strategies that enable the platform to earn profits by exploiting price discrepancies across several exchanges.

Token holders are entitled to a certain percentage of platform trading fees. They are also entitled to governance votes, proposals and potential airdrops in the future. With the right level of adoption, Algotech’s remarkable real-life utility could see ALGT’s price soar higher in the medium to long term and make it one of the biggest AI Coins in the DeFi space.

Read more about the Algotech presale here.

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