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The altcoin market is in recovery mode, recouping its losses from the January dip. Bitcoin’s ETF news brought in a brief rally in December, and top altcoins enjoyed some bullish weeks, even extending into the new year. However, with the recent bearish movements, many coins are busy bringing back profits; investors are losing patience with Ethereum Classic (ETC) and Lido DAO (LDO), and new Algotech (ALGT) could be a close alternative for profits.
Summary
TLDR
- Ethereum Classic price prediction: ETC faces rejection across resistance levels.
- Lido DAO (LDO) price: stETH bridge conflict is not affecting LDO value.
- Algotech (ALGT) presale is live: get your ALGT for $0.04.
Analysts Predict Difficult Times for Ethereum Classic Price
The future of the Ethereum Classic (ETC) token has been in contention for the past few weeks, with the market-wide bearish dip affecting even the best altcoins in the market. However, while other tokens are getting back to profits, the Ethereum Classic price is still battling against several resistance levels.
For the past two weeks, Ethereum Classic (ETC) traded between $20 and $22, and ETC only just broke the resistance at $22. Ethereum Classic (ETC) is coasting at about $23.54, some 0.92% below where it was last week. Analysis from Coinpedia states that Ethereum Classic (ETC) can test its resistance at $25.04 and $26.43 if the ETC bulls win the current struggle.
On the other hand, the bears are strongly influencing Ethereum Classic (ETC) at the moment, and it’s likely to drop from the current $23.54 level, testing the support at $21.94.
Lido DAO (LDO) Navigating stETH Bridge Operators Amid LDO Price Surge
Lido DAO (LDO) was in the news recently for its rejection of LayerZero stETH bridges that came into use in late 2023. LayerZero developers went ahead with marketing and accumulating users without official approval from Lido DAO (LDO) itself. Currently, LayerZero is under fire from DAO, as Lido now supports two other competitor bridges, Wormhole and Axelar, on the Lido DAO (LDO) blockchain, a move that could put LayerZero out of business in the long term.
Despite the blockchain drama, the Lido DAO (LDO) price is still pushing limits after the January dip saw it hit a monthly low of $2.60 on January 23, 2024. LDO is on a 10% price surge in the past seven days, a movement that could see the Lido DAO (LDO) price get even more bullish in the next few weeks.
CoinCodex predicted a $3.59 boost in January for the Lido DAO (LDO) token, which will be followed by a $3.85 spike in February. Lido DAO (LDO) has a classic bullish future in 2024, and it already counts as one of the altcoins to watch this year.
Algotech: Futuristic Algorithms for Pro Trading
Looking to join the financial trading sector as a professional trader? Or were you discouraged because of the intimidating charts and data figures? Well, Algotech (ALGT) is here to take care of all your fears. The token is the crypto face of a project that wishes to enhance trading and optimize the experience for traders, whether advanced or beginner. With its penchant for futuristic algorithms, Algotech (ALGT) is building the future right here, in the present.
One major concern in manual trading is that the trader is exposed to market influences, both positive and negative, and has little control over the many variables in the market. Algotech (ALGT) offers you more control over your trading choices, as well as protection against market movements. The algorithms are equipped with advanced strategies for risk management, which will expose every risk involved in trade so that the traders are aware of the many possible outcomes when they pick a pair for trading.
With Algotech, you can unleash the trader in you–or not. There is the ongoing presale to benefit from, even if you’re not a trader. With Algotech’s plans for the future, we will very likely see the token join the best DeFi projects in the market very soon. Stake your claim on Algotech (ALGT) today by joining the presale; each ALGT coin sells for $0.04, and your early investments set you up for 275% profits by the launch day.
One more thing from Algotech (ALGT) is the ongoing giveaway session. There are Apple devices up for grabs, along with two VIP tickets to the Blockchain Life 2024 in Dubai. With Algotech, your chances for wins are on the rise.
 *This article was paid for. Cryptonomist did not write the article or test the platform.
 and Lido DAO (LDO) are slow in the recovery from the bearish wave. Algotech (ALGT) is here with an impressive presale.){kind=link}