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Cryptocurrency News Articles
IntelMarkets (INTL): Whale Interest Driven by Novelty and Growth Prospects
Nov 24, 2024 at 12:00 am
IntelMarkets (INTL) is one of the fastest-rising stars in the ICO world. It recently soared past $2.4 million in early funding, selling out fast as whales flock into the presale.
The crypto market continued its rally on Monday, with altcoins reflecting the broader bullish sentiment. Solana (SOL) led the gains, surging to cross $260, while Binance (BNB) consolidated ahead of its next move.
Meanwhile, a new AI coin, IntelMarkets (INTL), soared amid massive whale interest. Its AI-DeFi narrative and promising growth prospects drove the surging demand. As the token nears its explosive debut, it emerges as one of the best altcoins to invest in.
IntelMarkets (INTL): Whale Interest in Novelty, Growth Prospects
IntelMarkets (INTL) has become one of the fastest-rising stars in the ICO world. It recently surpassed $2.4 million in early funding, with whales snapping up the presale tokens as it quickly sells out. The surging interest and demand can be attributed to its unique offering – an AI-powered trading platform – and its promising growth prospects.
Its novel AI-powered exchange protocol is set to disrupt the $36 billion global crypto trading market, making this new DeFi project one to watch. By integrating artificial intelligence at all levels, it will create the first modern-generation trading platform. It will further stand out with self-learning trading robots trained on over 100,000 data points.
In the sixth stage of its presale, a token is priced at $0.054, which is likely the lowest it will ever go. With the steep discounts and experts projecting a 55x rally after its market debut, it could outshine popular names like Solana (SOL) and Binance Coin (BNB).
Solana (SOL): Tipped to Cross $1K by 2025
Layer-1 crypto and DeFi giant Solana (SOL) skyrocketed over the past month. Outpacing most top altcoins, the Solana price exploded 60% on the monthly chart to cross $260. It rose over 25% in the past seven days, aiming for a weekly close above $270.
A breakout above $265 could bolster investors’ confidence, sending it past $300 in no time. The neutral 14-day RSI, 20-VWMA and 9-HMA are technical indicators suggesting further upswings, which is echoed by experts’ bullish forecasts.
A crypto analyst, blue_collarvest, predicts a Solana (SOL) run to $1,300 in 2025. CryptoYapper shared their similar thoughts, suggesting a rally between $1,000 and $1,200 over the next 6 to 12 months. At the current price, SOL is one of the best altcoins to invest in, especially with the rising interest in memecoins.
Binance Coin (BNB): A Breakout Expected
Binance Coin (BNB), the top exchange-based token, is having a relatively dull week. Solana recently flipped it, with holders hoping for greener days. BNB rose 7% in the past month and 4% on the weekly chart, hovering above $630.
Having had a poor week compared to SOL, ADA and XRP, experts anticipate a big leap in the coming days. Moreover, technical indicators like the BNB price trading above the 10-EMA ($619) and 10-SMA ($621) hint at a price upswing.
Analysts also maintained a bullish stance, forecasting strong price movements. CryptoFaibik shared their Binance Coin (BNB) mid-term target as $1,000 on X (formerly Twitter). Blockcastcc, another analyst, suggests a close above $662 could trigger a jump toward $1,630, placing it among the best cryptos to invest in.
IntelMarkets (INTL): A Strong Contender Against Solana (SOL) and Binance Coin (BNB)?
Given its strong fundamentals - an AI-powered trading platform - and a rapidly growing community, IntelMarkets (INTL) could pose a strong competition to Solana (SOL) and Binance Coin (BNB) in the coming months. As it nears its market debut and prepares to revolutionize the crypto trading landscape, it is one of the new altcoins to watch out for.
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