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Cryptocurrency News Articles
Dogwifhat (WIF) and Polkadot (DOT) Experience Explosive Volume Surges, But It's the Innovative Newcomer, IntelMarkets (INTL), That's Truly Shaking Things Up
Sep 26, 2024 at 03:56 am
The crypto market is abuzz with the unexpected rise of Dogwifhat (WIF), a meme coin that has left even the mighty Polkadot (DOT) in its dust.
As the crypto market continues to experience interesting shifts and developments, here's a quick summary of some of the latest updates:
- Dogwifhat (WIF), a meme coin, has seen an impressive rise in value, leaving even Polkadot (DOT) behind in terms of 24-hour gain percentage.
- Polkadot (DOT) is also experiencing a positive momentum, with its price heading towards the $5 and higher levels.
- A new AI-powered trading platform, IntelMarkets (INTL), is making waves in the crypto space with its unique approach and skyrocketing presale.
Here's a closer look at each of these developments:
1. WIF Surges in Value, Countering Bearish Trends
The meme coin Dogwifhat (WIF) has shown remarkable resilience in countering the prolonged bearish trends that have impacted the broader cryptocurrency market.
As a result of this逆势而上 performance, Dogwifhat (WIF) has ascended to the top of the crypto gainers list today. At the time of writing, the price of Dogwifhat (WIF) has increased by 13.10% in the last 24 hours, trading at $1.93.
Moreover, WIF has also experienced a 26% growth over the last seven days, indicating a strong bullish trend.
This impressive momentum is bound to attract the attention of investors, especially considering that Dogwifhat (WIF) has rebounded after dropping more than 70% from its all-time high.
The renewed enthusiasm is evident from its surge in trading volume, which has increased by 56.79% to reach $495,644,922.
Renowned technical analyst Bluntz has suggested that Dogwifhat's (WIF) bullish rise may be entering a new phase. According to Bluntz, the token’s daily chart shows a successful breakout from a downtrend line on the technical chart, which could signal a potential trend reversal.
This achievement has excited traders and supporters, suggesting that Dogwifhat's (WIF) recent upsurge might not be a temporary trend.
Additionally, on-chain data suggests that Dogwifhat (WIF) may have a prolonged surge. For instance, Open Interest, Long/Short Ratio, etc., support the technical part.
2. DOT Eyes $5 and Higher Levels
As Polkadot (DOT) continues to gain attention for its potential in making big rallies, recent analysis suggests that DOT has its eyes set on $5.10 and higher levels. Recent developments have also contributed to its bullish momentum.
In an X post, Polkadot announced Agile Coretime, a key component of the Polkadot 2.0 release. Following the news, Polkadot’s native token, DOT, saw an 8% gain, moving from around $4.00 to $4.34, or an 8.15% increase.
Best known for its innovative approach to blockchain interoperability, Polkadot (DOT) is increasingly being touted as a strong competitor to Ethereum, which is often referred to as the “digital silver.”
Polkadot (DOT) is now trading at $4.59, having increased by 5.5% and 9.7% over the last day and the last seven days, respectively. Its trade volume is also increasing, up more than 25% to reach $140,414,522.
If Polkadot (DOT) successfully breaks through the $4.7 resistance level, the next price target is set at $5.10. This potential rise presents a valuable opportunity for traders and investors hoping to capitalize on Polkadot's (DOT) price movement.
3. INTL Presale Surges Past $490k: AI-DeFi Movement Heats Up
One of the fastest-growing industries, the $638 billion AI industry is being reshaped by IntelMarkets (INTL). Its unique fusion of DeFi and AI has not gone unnoticed, as they prepare to build the world's first AI-powered trading platform and Layer-1 blockchain.
By merging AI with DeFi, they aim to revolutionize the cryptocurrency trading landscape and be known as the next big thing. It will also be the first modern trading platform to feature trading bots trained on 100,000+ datasets. Being an AI-powered initiative at every level, this new DeFi project is set to turn heads.
In just a few weeks of the presale, they have raised over $490,000 in funding, indicating the crypto market’s trust and confidence in this project. Considering the current momentum, the presale is expected to hit the $1M mark by the end of this month.
The ICO recently completed the first round
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