The price action of Solana in the current market continues to disappoint investors as other newcomer projects show significantly better performance. The volatile movement of the blockchain has been driven by broader trends in the crypto market.
Similarly, Ethereum Layer-2 (L2) Blockchain Polygon (MATIC) has failed to live up to expectations. Despite announcing a significant upgrade with a shift to the POL token, investors have expressed doubts about the inflationary nature of the project.
In these market conditions, investors have set their sights on an AI-based trading platform that has made waves because of its high upside potential.
Solana Price Shows Volatility Around $180
While Solana has made a historic rebound since its lows after the FTX slump, investors are now uncertain about the future of the blockchain in the short term. The blockchain rebounded sharply after crossing $200 back in March 2024. Since then, Solana seems to be in another accumulation cycle with monthly gains of over 30%.
The key factors driving Solana’s growth are the increase in on-chain activity on memecoins like Dogwifhat (WIF), Book of Meme (BOME), and the popular project BONK. Additionally, the Total Locked Value (TVL) on the blockchain is now at a local high of $5.32 Billion. This indicates a positive outlook for the blockchain in the near future.
Polygon (MATIC) Price Slumps After SEC Labels It As Security
Despite being a massive performer in the last crypto cycle, MATIC has failed to live up to expectations in 2024. The Layer-2 project has been facing a series of challenges in the short term, including scrutiny by the United States Securities and Exchange Commission (SEC).
Additionally, investors have criticized the platform’s decision to transition to an inflationary model. This change will add to the supply and is generally considered to be a negative development by critics. The blockchain is also expected to change the token from MATIC to POL, representing a significant shift.
MATIC is currently trading at $0.53, showing a significant decline in this trading year. The project has lagged behind market trends because of its label as a security in contrast to other established cryptocurrencies like Ethereum.
With volatile trends in both Solana and MATIC, investors are now looking for more exciting options. Algorithmic trading exchange Algotech (ALGT) has become one of the most popular options in the market with its innovative features.
Investors Call Algotech (ALGT) Launch of the Year
This new trading exchange has become the talk of the town after raising over $9.6 Million dollars in its ongoing presale. Algotech (ALGT) launched just a few months ago but has already managed to surpass over 80,000 unique wallets, showcasing major demand for this AI crypto.
Traders are attracted to features like breakout detection, high-volume arbitrage, and automated trading robots. Algotech (ALGT) users can have a competitive advantage in the market by relying on advanced data and insights. These features have also resulted in an influx of capital from Solana and MATIC.
A major development for the platform is the recent announcement by the Bitmart platform to list the ALGT token. Experts think this development could result in a major influx of capital and could push the token price from $0.08 to $1 upon launch. However, tokens are rapidly running out and this is the final chance to become a part of the presale at this cheap price.
For more details about this project:
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
 is under the spotlight for its upcoming listing on Bitmart. In the meanwhile, Solana and MATIC continue to underperform in the bull run.){kind=link}