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Cryptocurrency News Articles

US Election Impacts Ripple Through Crypto: BNB Aims for $1,300, Shiba Inu Targets $0.000081, and IntelMarkets Eyes $0.1

Nov 10, 2024 at 02:18 am

The ripple effects of the recent US elections are still being felt across the crypto market. While some altcoins have risen to new levels, others are yet to join the uptrend. Going forward, analysts believe the new administration could pave the way for favorable crypto policies.

US Election Impacts Ripple Through Crypto: BNB Aims for $1,300, Shiba Inu Targets $0.000081, and IntelMarkets Eyes $0.1

The recent US elections have had a ripple effect on the crypto market. While some altcoins have joined the uptrend and reached new levels, others are yet to show any movement. However, analysts believe that the new administration could pave the way for favorable crypto policies.

With such a move, several altcoins are expected to post new all-time highs in the coming months. Binance Coin (BNB) is踽 expected to reach $1,300, while Shiba Inu is set to hit $0.000081. Also, analysts have their eyes on a relatively new AI-driven altcoin, IntelMarkets (INTL), which is expected to reach $0.1.

Binance Coin eyes breakout of 1351 days range to $1,300

According to CoinMarketCap, Binance Coin has traded between a weekly low of $540 and a high of $610 in the past week. The Binance Coin crypto recorded gains of 4.2% and 3.7% on the 7-day and 30-day charts, respectively.

However, it failed to remain in the $600 region due to resistance around the $609-$610 level. Despite this, analysts believe a price surge could still occur in the coming days.

One expert who is bullish about the Binance Coin token is Yaroslav Kraskoo. According to an analysis shared by Kraskoo, BNB has been trading in a range for 1351 days.

The analyst noted that breaking out of this range could push the Binance Coin price to a new all-time high of $1,300. The technical indicators, VWMA (10) and Hull Moving Average (9), are in the buying zone, indicating a bullish long-term outlook.

Shiba Inu could pump 306%

According to analyst Javon Marks, Shiba Inu has posted a hidden bullish divergence. This occurred after the meme coin broke out from previous resistance levels. Marks believes the Shiba Inu price could reach $0.000081, riding on the growth of Bitcoin.

To reach this target, the Shiba Inu crypto value has to increase by 306% from the current price. Shib Spain is also bullish on the Shiba Inu coin. They shared a chart that showed the memecoin forming a bullish flag that could push it to the $0.0001 target.

Meanwhile, the SHIB price is consolidating between $0.00001632 and $0.00001946 on the weekly chart on CoinMarketCap. Although Shiba Inu has lost some of its gains since the November 6 election victory, its VWMA (10) and Hull Moving Average (9) indicators remain bullish.

IntelMarkets $0.1 target could happen in 2024

The IntelMarkets coin, INTL, is one of the top AI-based cryptocurrencies gaining momentum in the market. Currently, in the fifth stage of its presale, IntelMarkets’ INTL coin is trading at $0.045727. Analysts have forecasted that the cryptocurrency could hit $0.1 in the coming weeks.

Meanwhile, IntelMarkets just hit a new milestone, raising over $2 million in funding. Because of its well-developed AI story and massive growth opportunities, INTL is considered one of the most attractive cryptocurrencies in the market.

IntelMarkets aims to transform the $264 billion cryptocurrency trading market with a platform that will empower both new and professional traders with AI tools. The Intell-Array Multichannel Analysis tool simplifies the analysis of large and large data sets and market indicators. This makes the whole process easier and quick to go through, eliminating the learning curve and allowing traders to identify and exploit opportunities.

Also, IntelMarkets provides AI-based trading bots. They are self-learning and can mirror strategies to assist users in making profitable trades.

In summary

Binance Coin, Shiba Inu, and IntelMarkets are aiming for bold targets. Such potential levels make them the best coins to invest in for future profits. Meanwhile, IntelMarkets has launched a 50% bonus for new deposits. To get the bonus, use the code “USA” when making purchases.

For more information, visit the IntelMarkets presale website and join the community on Telegram and X.

News source:crypto.news

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