IntelMarkets (INTL) Steals the Show as It Raises a Whopping $12M in Presale

While the memecoins SHIB and PEPE have shown a turning point in their trading trends, the broader crypto market has been observed favoring memecoins and moving toward recovery.

The memecoin prices are finally showing some action, with SHIB and PEPE displaying a turning point in their trading trends. Throughout this period, the broader crypto market has been observed favoring memecoins and showing signs of recovery. However, one token is stealing the spotlight in an unexpected manner.

Despite the broader crypto market showing signs of recovery, at least in the short term, with Bitcoin (BTC) attempting to break above the $30,000 barrier and Ethereum (ETH) approaching $2,000 again, memecoins have been the center of attention.

After a rocky start to the year, largely due to the U.S. banking crisis and subsequent macroeconomic uncertainty, cryptos are slowly returning to their 2021 highs.

Federal Reserve plans for two rate cuts in 2025 have also boosted risk-appetite in the market, benefiting memecoins like Shiba Inu (SHIB) and PEPE.

Shiba Inu Price Alert: 130 Trillion SHIB in Profit Zone?

According to on-chain data, 130 trillion SHIB tokens are in the green at the current Shiba Inu price, setting the stage for an interesting development as the popular dog memecoin faces potential upside.

As market momentum grows, traders and investors are closely observing the next move in the Shiba Inu price action. Recent data from blockchain analytics firm IntoTheBlock reveals that 130.83 trillion SHIB tokens, amounting to $1.76 billion, are currently in a profitable zone.

This bit of intel could further fuel accumulation or serve as a crucial factor for profit-taking at least in the short term. At the time of writing, SHIB was up 3% in the last 24 hours to $0.000013, as memecoins saw a boost alongside other cryptos due to market optimism backed by the Federal Reserve’s plans for two rate cuts in 2025.

The Shiba Inu price has steadily risen since March 22 and has marked three straight days of gains since then, with the token presently up 7% weekly. Today’s movement ended in highs of $0.0000137, where the Shiba Inu price encountered slight profit taking.

How SHIB behaves around the short-term barrier between $0.000013 and $0.000013 would determine its next move. A break above the upper band could see a swift move toward the next resistance at $0.000014.

However, if selling pressure increases and pushes the Shiba Inu price below the lower band of $0.000012, it could open the door for further declines toward the next support at $0.000011.

The broader crypto market is also seen pivoting toward recovery, especially with memecoins now in the spotlight. One token, in particular, is quickly gaining attention among memecoin investors for a unique reason.

Whale Activity Sparks Speculation Around PEPE’s Next Price Target

PEPE is currently priced at $0.00079 and has a 24-hour trading volume of $617.2 million. After delivering an impressive 106.4% rally earlier this month, PEPE encountered some profit taking as the market adjusted, leaving traders to anticipate either a bounce or a continuation of the downward trend.

Despite the recent volatility, PEPE remains a popular choice among memecoin enthusiasts, especially as its price prediction becomes a hot topic.

The token’s rapid ascent and subsequent correction highlight its sensitivity to online sentiment and significant trader activity. According to data from CoinCodex, PEPE could experience a substantial upswing to $0.0025 by June, indicating a potential 200% increase from current levels.

This prediction is based on an analysis of various factors, including technical indicators, news developments, and broader market trends. However, it’s crucial to remember that price predictions are subject to change based on evolving market dynamics.

IntelMarkets (INTL) Presale Crosses $12M: Is this Just the Beginning?

With the memecoin prices finally showing some action, the Shiba Inu price is positioned for some gains in Q2. But IntelMarkets (INTL) poses new challenges for SHIB holders as this new AI contender is landing explosive gains amid the broader market correction.

In a nutshell, IntelMarkets is an AI-powered trading hub that runs on a proprietary AI blockchain. The platform decentralizes access to trading intelligence with advanced insights and products, allowing retail traders to compete against institutional investors.

IntelMarkets’ users get an edge over the constantly changing market with the platform’s AI-powered trading tools, multi-channel analysis, lightning-fast execution speeds, and trading bots trained on over 100,000 data points.

These advantages