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Cryptocurrency News Articles
IntelMarkets (INTL) Presale Skyrockets 200%, Analysts Forecast 20x Growth to Mirror Solana's (SOL) Performance
Oct 10, 2024 at 05:00 am
Investors are currently on the lookout for the next big thing in the crypto market. Analysts believe that IntelMarkets – currently trading below $0.1 – may repeat Solana's (SOL) performance and rise from $9 to $200.
Investors are on the lookout for the next big thing in the crypto market, and two tokens that have caught the attention of analysts are IntelMarkets (INTL) and Dogecoin (DOGE).
Solana (SOL), also known as the "Ethereum killer," has been a hot topic among crypto enthusiasts. After dropping to a low of $10 in December 2022 following the collapse of the FTX Exchange, Solana began a bull run towards the end of 2023, reaching a yearly peak of $209.70, a surge of more than 20x.
However, the Solana price has since declined and is now trading between the 50-SMA ($142.45) and 200-SMA ($146.73). Market experts are anticipating an upcoming increase in Solana's price, predicting a rally to $186 in the coming weeks.
Meanwhile, IntelMarkets (INTL) is in its third presale stage, attracting attention within the crypto community. After two phases of its crypto ICO, the token has surged by more than 200%, currently priced at $0.027364, and the project has gathered over $930k in funding, prompting analysts to project a 20x growth in the coming months.
IntelMarkets is building an artificial intelligence trading system, designed to empower traders with a range of tools to amplify their investment potential. It boasts a copy trading feature, enabling traders to mirror the strategies of top experts on the platform who have generated returns of 5-15x, even in a bear market.
This capability allows even newcomers to the trading scene to generate some profits almost immediately, while learning the ropes. The platform also features automated trading robots, capable of learning from the markets and traders’ strategies.
Moreover, IntelMarkets supports not just one but two blockchains - Solana and Ethereum. This provides traders with access to both Ethereum's smart contracts and liquidity, and Solana's high-speed and low-fee transactions. Additionally, it offers versatile trading terminals, including TradingView, WebTrading, MetaTrader 4 and 5, and CTrader.
Finally, Dogecoin (DOGE) has seen a trend of whale accumulation in recent weeks, with large investors buying up billions of DOGE, according to data from on-chain platforms.
In a recent tweet, IntoTheBlock highlighted that whales bought over 2.07 Billion DOGE last week, which is the highest amount of Dogecoin bought in a week since January. This whale accumulation could be indicating a potential rally in the memecoin's price down the line.
Dogecoin's price is currently consolidating between $0.09 and $0.13 on the monthly timeframe. The coin is trading above the 50-SMA ($0.10644) thanks to a recent upsurge in the market.
Analysts are bullish on the Dogecoin token and expect a price surge to occur soon. Cantonese Cat predicts the value of the memecoin could skyrocket to $1.5 in the coming months. Another analyst, ChartingGuy, gave a price target of $1.20.
As IntelMarkets continues to gain traction, it might emerge as the next hot crypto after Solana (SOL). With such features and its presale performance, it seems primed to become a major player in the crypto space. This potential makes INTL the best crypto to buy now for anyone looking to hop on the next big ride.
Disclaimer:info@kdj.com
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- XRP Faces Crucial Test as the Market Seeks Direction After the Fed's Rate Cut
- Oct 10, 2024 at 08:20 am
- XRP is testing a crucial support level to determine the altcoin's price action in the coming weeks. The market is experiencing uncertainty and anxiety after the past week's euphoria surrounding the Federal Reserve's decision to cut interest rates.