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Cryptocurrency News Articles
Ethereum (ETH) Foundation Sells 300 ETH, Travala Expands Support to (SOL), and Innovative Trading Platform IntelMarkets (INTL) Gains Momentum
Sep 25, 2024 at 11:34 pm
In the latest crypto news, the Ethereum (ETH) Foundation has offloaded 300 ETH to exchanges again, a move that the community continues to frown on.
The latest crypto news sees the Ethereum (ETH) Foundation making another exchange sell-off, while Travala adds support for Solana (SOL)-based assets on its platform. Also, IntelMarkets (INTL) continues to gain attention with its presale. Here's a closer look at these updates.
Ethereum Foundation Sells 300 ETH Again
Fresh on-chain data from Spotonchain indicates that the Ethereum Foundation has sold 300 ETH, valued at about $763,000 at current prices. The 300 ETH tokens were exchanged for DAI stablecoin on Friday.
This new sale is part of a series of exchange sell-offs by the Foundation over the past month. In total, the Foundation has sold over 950 ETH (about $2.27M) from on-chain data since the beginning of September.
Meanwhile, the Ethereum price shows signs of an uptrend despite the continuous sell-off from its foundation. On the biweekly timeframe, the altcoin price is up 14%, suggesting that the bulls are taking charge.
The Ethereum coin is consolidating above the 50-day SMA ($2,545.19) and could rally to new highs in the coming weeks. IamCryptoWolf predicts that the value of Ethereum crypto could quickly rise to $3,400.
Travala Adds Support for Solana Assets
At the Solana (SOL) Breakpoint in Singapore, Travala CEO Juan Otero announced that the platform has expanded its platform to the Solana blockchain.
With this new integration, customers can now book flights, hotels, and other accommodations using Solana-based assets like SOL, USDT, and USDC. Thus, Solana (SOL) joins Travala's other supported blockchains, which include Ethereum and BNB Chain.
Due to its fast transaction speeds and low fees, the Solana network is a suitable choice for Travala. As Solana coin eyes the 200-day SMA at $146.31, this news comes into play.
Solana (SOL) recently crossed the 50-Day SMA ($141.47), which caught the attention of the crypto community. As we move forward, analysts anticipate future gains. According to DiezCocodrilos, the value of the Solana token could reach $210 in the next few weeks.
IntelMarkets (INTL) Gains Attention in Crypto Presale
At a bull run among other crypto ICOs, IntelMarkets (INTL) has raised $490k from its presale. Currently in stage two of its presale, the project could quickly move on to stage 3.
Given its upcoming AI-powered trading platform, analysts are optimistic about this project. IntelMarkets can enhance the trading process and provide real-time data by utilizing blockchain technology and AI, processing over 100,000 data points. Additionally, the platform offers trading robots for easier market access.
Autopilot Trading Robots from Rodeum AI can perform trades based on the user's risk tolerance and leverage. They also adapt and self-learn from their experiences. These robots adjust and adapt to market conditions with each transaction they perform.
Furthermore, the Intell-Array technology removes common signals from other systems, leaving a clear signal for easier trading by investors. Priced at $0.018 in the second stage of its presale, IntelMarkets’s native token INTL is expected to keep rising.
Analysts are optimistic about its future trajectory, anticipating more gains by December.
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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