SEI and Algotech (ALGT) See Gains Amidst Binance Burning 2.1 Million BNB Tokens

SEI benefits from a new upgrade. Algotech (ALGT) is set to soar during the presale. Meanwhile, BNB coin price reacts to the latest Binance burn.

What is SEI’s upgrade about? And how did BNB fair after the coin burn? We will also examine how investors can enjoy Algotech’s (ALGT) gains.

TLDR

• SEI aims for $0.91 in 2024.
• Algotech (ALGT) is changing crypto trading.
• BNB could reach $1,000 in 2024.

SEI Develops EVM-compatible Version

On November 29, 2023, SEI announced through a blog post that SEI v2 was live. This new version is touted to be the first-ever parallelized Ethereum Virtual Machine (EVM). It was created to make SEI accessible to EVM developers.

This upgrade means developers can now deploy audited smart contracts from EVM-compatible blockchains on SEI without changing codes. It also allows the chain to support parallelization without requiring developers to define any dependencies.

The testnet will be released in Q1 2024, and the mainnet in H1 2024.

Since the announcement, SEI has gained 131%, rising from $0.28 to $0.65. Analysts say this surge has been driven by the implications of the new upgrade and the general rally in December 2023.

They predict that SEI can reach $0.91 in 2024 after the full launch of SEI v2. This means SEI might be a good crypto to buy in 2024.

Algotech (ALGT) Attracts Investors With Huge Gains

Algotech’s (ALGT) popularity has grown in recent weeks. One of the reasons for this increased fame, and also a sign of this increased fame, is how the project raised $1.1 million in just two days during its private sale.

Another reason for Algoech’s (ALGT) fame is the profit investors will make during its ongoing public presale. With the presale currently in Stage 1, investors can gain 275% if they buy ALGT at the current price of $0.04.

These gains are well supported by Algotech’s (ALGT) potential to be one of the top DeFi projects in the near future. This revolutionary project solves the problems traders experience that prevent them from maximizing their earnings.

Traders get access to Algotech’s (ALGT) wealth of historical trading data and algorithmic trading strategies tailored for every market condition. Their trades are also protected with automated risk management features like portfolio diversification, position sizing, and stop loss orders.

In addition to the profit mentioned above, early investors get governance rights and earn a percentage of the 30% performance fee charged on Algotech’s (ALGT) trading platform.

The gains and the wonderful use case make Algotech (ALGT) the best new crypto to invest in.

BNB Price Prediction: Binance Takes $636 Million Tokens Out of Circulation

On January 17, 2024, Binance announced that it had completed the 26th installment of its quarterly BNB burn. This time, 2.14 million BNB worth $636 million was transferred out of circulation. Binance is committed to removing 100 million BNB tokens from circulation, and they got a step closer to their goal.

Normally, burning tokens is supposed to create scarcity and increase prices. However, BNB Coin price has lost some value since January 17. The token dipped from $315.16 to $304.98. This represents a 3.2% decrease.

Analysts say the slump is caused by the generally poor performance of the market. However, they predict that BNB Coin price could witness a significant surge to $1,053.11 during the predicted bull market after the Bitcoin Halving.

Increased network activity on the BNB Chain during the bull market is also expected to be instrumental in the token’s surge.

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