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Cryptocurrency News Articles
IntelMarkets (INTL) Attracts Interest Amid Market Correction, Why Invest in INTL in Lieu of FET And TON?
Sep 23, 2024 at 03:00 am
Last week, Artificial Superintelligence Alliance (FET) and Toncoin (TON) were standout performers, leading the altcoin market into major gains
As the cryptocurrency market continues to rally, several altcoins have posted impressive gains, outperforming Bitcoin (BTC) and Ethereum (ETH). Among these standout performers are Artificial Superintelligence Alliance (FET), Toncoin (TON), and now, a new cryptocurrency known as IntelMarkets (INTL).
While FET and TON led the altcoin market to substantial gains last week, garnering attention from investors, INTL has emerged as the preferred choice this week.
Here's why investors are turning to INTL now, even though FET and TON have led previous gains.
FET Captures Attention With 30% Weekly Rally As New Developments Emerge
The Artificial Superintelligence Alliance token, FET, captured significant attention after achieving a 30% price surge amid the market-wide recovery last week. FET's uptick was attributed to an improvement in investor sentiment, particularly after Bitcoin (BTC) and Ethereum (ETH) initiated a rebound from their recent lows.
As the broader cryptocurrency market recovers from the recent sell-off, new developments could spark an additional increase in FET's price in the coming days.
Specifically, the Superintelligence Alliance token team took to X on September 13, 2024, to disclose a proposed project by an intern, Kush Agarwal. The project dubbed Synergy will use artificial intelligence resources to make the global manufacturing industry more efficient. While this project is already available in the Artificial Superintelligence Alliance’s Innovation Labs, a release date has yet to be made known.
Also, the Artificial Superintelligence Alliance ecosystem allied with computing AI gaming company GameShift to promote the adoption of Web3 games en masse.
Amid these developments, FET is trading at $1.31, up 7.89% in the last 24 hours. The coin is facing resistance at $1.41, which, if conquered, could thrust it to $2.00, indicating a 47% potential growth.
Toncoin Re-enters Top Ten Cryptos With 25% Uptick In One Week
Toncoin has recently reclaimed a spot among the top ten cryptocurrencies by market capitalization after experiencing a significant price increase last week.
The rally was a result of crypto investors' increased demand for TON following the release of Pavel Durov and other related events. This event saw TON's market capitalization rise from $11 billion to $14 billion, becoming the ninth-largest cryptocurrency by valuation.
For context, the Toncoin ecosystem was shaken after Telegram's founder, Pavel Durov, was apprehended by the French authorities towards the end of August 2024 on charges of facilitating organized crime and funding terrorism, among other woes.
The situation caused panic amongst Toncoin users, resulting in TON crashing. Its market cap sank from $17 billion to $11 billion within a few days.
However, Toncoin rebounded alongside the entire crypto market last week, registering a 25% value surge. Meanwhile, TON now trades at $5.59, down 2.61% in the previous 24 hours. Nevertheless, TON will reclaim $6.00 once the ongoing short-term correction reaches a climax, representing an anticipated 7.3% increase in its price.
IntelMarkets Attracts Interest Amid Market Correction
Although FET and TON led the altcoins sector to massive gains last week, investors are rotating to INTL this week.
The reason for this is owing to the ongoing correction across the crypto market, which has seen these assets shed notable portions of their market values in the last 24 hours. While these assets declined, INTL has maintained an upward momentum, making it a preferred alternative to investors.
INTL's growth is driven by the increased adoption of IntelMarkets, a new dual-chain perpetual futures contracts trading exchange.
Developed on Ethereum and Solana, IntelMarkets is offering crypto traders an outlet to speculate on their desired crypto pair with high-leverage options. That is, they can trade any asset they want with as high as a 1,000x leverage to maximize gains.
IntelMarkets aims to make crypto trading accessible, efficient, and rewarding for traders of all experience levels. With improved execution time and robust risk management tools, IntelMarkets provides an enjoyable trading experience to novice or experienced crypto traders. Traders can also increase their existing capital by getting more liquidity from IntelMarkets to hedge their positions.
Meanwhile, INTL is in its public presale phase, currently in Stage 1, trading at $0.009. With the stages counting up to 12, investors have an opportunity to benefit from the presale regardless of which stage they join. However, for Stage 1 investors, a 1,100% ROI is achievable, multiplying their capital 11-fold.
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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