Analyst Forecasts $700 ATH for Binance Coin (BNB), $555 for Bitcoin Cash (BCH), and INTL Set for Bull Run

Analysts say the crypto market's ongoing correction will not last. They forecast that Binance Coin (BNB) could reach $700, while Bitcoin Cash (BCH) may touch $555

Cryptocurrency prices have been fluctuating wildly in recent months, but some tokens have managed to maintain their value and even experience a slight increase. Among these is Binance Coin (BNB), which is currently trading at $612, up 1.4% in the past week.

According to Vella Crypto, the BNB token is gearing up for a major bounce off the support at $606, a move that could propel Binance Coin to reach prices as high as $700.

However, if the token loses this crucial support, it could drop down to $575. Another analyst, Anarcho Economy, predicts that BNB could reach prices as high as $880 in the coming weeks. They highlighted the $585-590 level as a major support level.

Meanwhile, another cryptocurrency, Bitcoin Cash (BCH), has also shown some resilience in the bear market. The token is up 13.4% in the past 7 days, and its price is currently hovering around $144.

InvestingHaven, a top analytical platform, has recently reviewed its price forecast for BCH in 2024, increasing its bullish target from $475 to $555, while the stretched target remains at $700.

This new price forecast seems to be indicating that the platform is optimistic about the BCH token. Another analyst, CW, is also optimistic about BCH. They recently shared their analysis with their followers, indicating that the token is forming a falling wedge pattern.

According to CW, a successful breakout from this pattern could propel the token to reach prices as high as $615 in the short term. At the moment, the token is showing gains on multiple timeframes.

Data from CoinMarketCap reveals that the cryptocurrency is up 13.4% on the 7-day timeframe. There are also gains at the upper levels — a 15.4% increase on the 14-day chart and a 41.5% gain on the 30-day timeframe.

In other news, a new AI coin, IntelMarkets (INTL), is capturing the attention of crypto whales. The platform is currently in its cryptocurrency ICO phase and has managed to attract over $2.4 million in investment.

INTL is priced at $0.054909, and experts believe that the token could experience 10x gains as the platform develops.

The platform aims to revolutionize the crypto trading market by integrating AI into every aspect of its platform. Among its most standout features are the AI-based trading bots that allow users to automate the trading process.

These bots can be configured to operate according to certain risk management and trading strategies, making it easy for both new and experienced traders to take advantage of market opportunities throughout the year.

Another strength is its dual-chain architecture. IntelMarkets supports both the Ethereum and Solana platforms, allowing users to choose between Ethereum’s DeFi platform or Solana’s high TPS and low fees.

Analysts believe that the advanced AI-based trading platform, combined with the use of blockchain and high-grade tools, could make IntelMarkets a force to be reckoned with in the $264 billion crypto trading platform market.

ConclusionWhile Binance Coin and Bitcoin Cash are targeting high prices, IntelMarkets is emerging as one of the strongest contenders in the market. The interest from large whales suggests that this new DeFi coin is gearing up for a massive pump.

Considering its potential upside, INTL is easily the best cryptocurrency to buy now.