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Cryptocurrency News Articles
Dogecoin (DOGE) and IntelMarkets (INTL) Poised to Outperform Cardano (ADA) This Quarter as Crypto Market Corrects
Oct 04, 2024 at 07:44 pm
Although the crypto market faced a steep correction this week, Dogecoin (DOGE) and the hot new altcoin, IntelMarkets (INTL), have been breaking records.
Despite the crypto market’s steep correction this week, Dogecoin (DOGE) and the new hot altcoin, IntelMarkets (INTL), have been breaking records.
The Dogecoin network handled 74.45% of all memecoin transactions as activity surged.
Also, IntelMarkets has crossed $910k in its presale as investors prepare for a revolution in the crypto trading space.
As a result of their rising network activities, analysts expect these two altcoins to see bigger gains than Cardano (ADA) this quarter.
Dogecoin (DOGE) On-Chain Activity Surge, Price Could Follow
Dogecoin (DOGE) has seen a huge spike in on-chain activity, breaking records. According to data from IntoTheBlock shared by Ali Martinez, the Dogecoin crypto recorded 782,000 transactions, or 74.45%, of all memecoin transactions last week.
This comes as the number of Dogecoin (DOGE) active addresses jumped by a staggering 72%. Moreover, Dogecoin (DOGE) has seen positive net flows for six consecutive days, highlighting the growing positive sentiment from investors. They expect the DOGE price to rise in the coming weeks.
However, the Dogecoin price is currently down by 10% on the weekly timeframe. Despite the ongoing decline, DOGE still holds above $0.100, suggesting that its break above the descending triangle pattern is still intact. If this bullish pattern holds out, DOGE could skyrocket to $0.50 before the year ends.
Investors Grow As IntelMarkets (INTL) Prepares To Transform Crypto Trading
A new DeFi project that is set to revolutionize crypto trading has been attracting a lot of investors in the past few weeks. IntelMarkets is building a trading platform with next-gen Rodeum AI to improve the trading process.
With our integrated data pipelines, IntelMarkets gives traders access to over 1,000 technical sources. As a result, traders can use these AI tools to instantly analyze major market moves and get very precise signals to improve their results. Moreover, IntelMarkets gives retail traders access to markets that were previously only available to traders with an AUM of over $100M.
In addition, users can create the best trading strategies with the self-learning trading bots from IntelMarkets. There is also a copy trading platform that you can use to tap into the results of the traders with the highest profitability.
All of these features are designed to give crypto traders better trading tools and help them make more money. Because of this, a lot of investors have been joining the IntelMarkets revolution, helping it cross $910k in its crypto ICO. As a result, analysts have predicted that INTL can close the year at a price as high as $0.5 from its current price of $0.027364.
Cardano (ADA) TestNet Goes Live
The Midnight public testnet is finally live, generating excitement in the Cardano (ADA) community. This marks a major milestone for the Cardano network as developers can begin building on what many consider to be the next phase for the blockchain.
The Midnight sidechain will solve one of the biggest challenges for dApps — ensuring sensitive information is secured while adhering to regulations. As a result, there are high expectations for this upgrade.
However, the Cardano coin continues to underperform, dropping to $0.330 to extend its YTD loss to 44%. All the technical indicators for ADA are showing a strong sell, hinting that the Cardano price might continue to drop in the foreseeable future. For this bearish trend to change, Cardano (ADA) must recover above the 30-SMA ($0.355) and 10-SMA ($0.378).
Why Dogecoin and IntelMarkets Will Outperform Cardano
The bearish outlook for Cardano (ADA) has seen investors shift their attention to IntelMarkets and DOGE. While DOGE could rally by more than 5x before the end of this quarter, INTL could lead the market with an 18x price pump before the year ends.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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