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Cryptocurrency News Articles
Fantom (FTM) and Avalanche (AVAX) Break Free From Downtrends, Intel Markets (INTL) Quietly Makes Waves
Sep 25, 2024 at 08:00 pm
Fantom (FTM) and Avalanche (AVAX) are breaking free from their downtrends, igniting a bullish trend. Fantom soars with its “Sonic” update
Investors are rushing to get their hands on Intel Markets as its presale stage 2 is selling out quickly; meanwhile, Fantom and Avalanche start a bullish uptrend.
The cryptocurrency market is seeing some interesting movements this week, with some coins showing impressive gains and others breaking out of downtrends. Among the top gainers are Fantom (FTM) and Avalanche (AVAX), which have soared by 30% and 15%, respectively, in the past seven days. Both coins are now starting a bullish uptrend, which could lead to even bigger gains in the coming weeks or months.
Meanwhile, a new AI coin is quietly making waves in the market. Intel Markets (INTL) is an AI-powered trading platform that offers features like 1,000x leverage and a dual-chain model. As a result, INTL coin is being touted as an investment option in the crypto market with the potential for huge returns.
Fantom surges with “Sonic” update, investors anticipate price rally
Investors are flocking to Fantom as the cryptocurrency surges by 30% to trade at $0.64 at the time of writing. This impressive gain comes as the project gears up for its highly anticipated “Sonic” update, which is expected to propel FTM to new all-time highs.
The cryptocurrency has seen a 32% decrease in its 24-hour trading volume, suggesting that investors may be hoarding the cryptocurrency in anticipation of an upcoming price rally that might provide enormous gains. Fantom's recent spike in popularity may signal the beginning of a recovery over $1.
According to crypto analysts, Fantom tokens will continue to rise until its transition to the Sonic model is completed. After institutional whales start buying into FTM/S, we could expect another long-term upswing after the newly created Sonic delivers on its promises of scalability and security.
After debut, the FTM may be exchanged for S coins on their official website at a 1:1 ratio. Thus, the cost will remain unchanged. According to the current information, the tokenomics and other aspects won’t change.
There are no changes to market capitalization, token supply, or wallet addresses; the only things that change are the working mechanism, the nodes’ algorithm, names, and symbols.
Avalanche breaks out of downtrend, hinting at big gains ahead
After trading within a multi-month descending pattern, Avalanche recently broke out of this downtrend by crossing a major resistance level at $24. Moving forward, this price point is now anticipated to serve as a demand zone for rallies. Going onwards, the crucial resistance level to keep an eye on is $33.
A bullish market structure and robust momentum are evident on AVAX’s daily chart. According to the Relative Strength Index (RSI), buyers are now in a favorable position in the market. This positive momentum is critical for AVAX to bypass higher resistance levels.
Moreover, its open Interest rates and social media engagement have been increasing, indicating that traders are more confident with Avalanche now.
Currently, Avalanche trades at $27.62, showing a surge of 15% in the past seven days. Experts are pointing out that if Avalanche successfully breaches the resistance at $33, a massive rally might be ignited, giving Avalanche a possible route to $71.
AI trading: Intel Markets leads the way, promising huge gains
The recently launched AI coin is being promoted on the cryptocurrency market as an investment option with the potential for huge returns in 2024. Known as INTL coin, it serves as the native token of Intel Markets, an AI-powered cryptocurrency exchange that trades perpetual contracts.
The exchange is well-known for its large leverage, allowing traders to trade their chosen asset pairings with up to 1,000x leverage. One feature of this platform that sets it apart is Intel Markets’ dual-chain model, which leverages the capabilities of both the Ethereum and Solana blockchains to provide traders with flexibility and scalability.
Through the Ethereum blockchain, Intel Markets may access risk management tools and liquidity pools, hence facilitating entry into the decentralized financial ecosystem. On the other hand, Solana gives the exchange scalability, speed, and reduced costs.
INTL $500k presale: Get ready for a 1100x surge to listing price
As Intel Markets (INTL) picks momentum, the INTL coin is looking all set for its ride to the moon. The coin is poised for an 1100x surge from its Stage 2 presale price of $0.018 to its ultimate listing price of $0.11 soon, most probably in Q4 of 2024.
The presale is nearing its $500k funding milestone. In a few days, Stage 2 will come to an end and the AI coin is projected to reach $0.027, which
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