In 2018, Hedera (HBAR) Hashgraph launched with a roadmap leading to major success and providing users with a decentralized platform for dApps and smart contracts. But in the past seven years of Hedera being in the crypto market, the price movement has not observed any major pumps.

Currently, it is priced at $0.10 with a market cap of $3.42 Billion, according to CoinMarketCap. The all-time high was last observed in 2021 before the bear market kicked in. The all-time high price was $0.56. In the recent market movement, when Bitcoin crossed $52,000, Hedera observed a price pump, but it still failed to cross $1.

Recently, the $BTC price movement pushed the market into a bull run, attracting major inflows into the crypto market. Altcoins showed massive bullish price movements and gained investors’ confidence. Despite this inflow of capital, Hedera (HBAR) has failed to make positive strides. 

Investors are now looking at alternatives to realize higher growth and get better market returns. A major project that has attracted market attention is the TradFi platform Algotech (ALGT). 

Let’s have a look at Algotech (ALGT) and explore why Hedera is failing to compete with this platform. 

Hedera Fails to Keep Up With Algotech (ALGT) Due to Investor Sentiment 

Algotech (ALGT) has outshined Hedera within weeks of its launch. The project initially hit the market after concluding a $1.1 Million private seed round that sold out within two days. Since the Stage 1 presale launch, the project has raised over $700,000 and is expected to hit the $5 Million mark in the upcoming weeks.

This bullish momentum is expected to propel the token price from $0.04 all the way up to $0.15 at the end of the presale. Some analysts have gone as far as to suggest that the ALGT token could hit $1 before the end of 2024. 

The key reasons behind this growth have been machine learning and advanced algorithms along with main features, including hedging, momentum trading, mean reversion, trading bots, social trading features, and algorithmic consolidation. 

Leading market analysts have expressed doubts over Hedera’s ability to keep up with emerging projects like Algotech. The key reasons have been the technological advantage that Algotech offers compared to Hedera. The project has a better AI deployment and market-ready features. Based on this, the general sentiment is that Hedera will fail to keep up. 

You can find more details about this project:

Visit Algotech Presale

Join The Algotech Community