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Cryptocurrency News Articles

IntelMarkets (INTL): Whales' New Favorite AI Crypto Skyrockets, Outclassing Shiba Inu (SHIB) and Dogecoin (DOGE)

Dec 20, 2024 at 07:01 pm

The crypto market tumbled amid the Fed's rate cuts announcement for 2025. Unsurprisingly, the memecoin sector took the biggest hit, dragging down the prices of Shiba Inu (SHIB) and Dogecoin (DOGE).

IntelMarkets (INTL): Whales' New Favorite AI Crypto Skyrockets, Outclassing Shiba Inu (SHIB) and Dogecoin (DOGE)

The crypto market nosedived on Monday after the Federal Reserve announced a slower pace of rate cuts for 2025. However, a closer look at the market reveals a different story—whales are betting big on a new AI crypto.

Unsurprisingly, the memecoin sector took the biggest hit as the crypto market tanked. Dogecoin (DOGE) and Shiba Inu (SHIB) both plunged by 15%, continuing their downward trend.

Meanwhile, large-volume investors, popularly called whales, went on a buying spree, driving up the price of IntelMarkets (INTL), a new AI crypto, by an astonishing 700% from an initial price of just $0.009. Its unique narrative—a blend of AI technology, blockchain, and DeFi—and significant growth prospects sparked huge whale interest.

IntelMarkets (INTL) is one of the new ICOs experiencing rising retail and whale interest. The reasons are quite simple: novelty and growth potential. As the first true modern-gen trading platform to integrate artificial intelligence across all levels, it is poised to reshape the crypto trading scene.

Equally important is its huge upside potential, hailed by experts as the best new crypto to invest in. In stage 8 of the ICO, INTL costs only $0.073, rising 700% from an initial price of $0.009. With another 50% gain anticipated on the launch date and a projected 75x rally after Tier-1 exchange listings, it is arguably the best crypto to buy this year.

Moreover, it isn’t a meme but boasts solid fundamentals—a blend of AI, blockchain, and DeFi. Its AI-powered trading platform leaves the INTL token with tangible applications like staking, governance, and management, standing out from memes like Shiba Inu (SHIB) and Dogecoin (DOGE).

Shiba Inu (SHIB) trades around $0.000024, continuing its decline as the crypto market nosedived. It fell by over 15% in the past week, sparking fears of further losses. A breach of the $0.00002 support might spark huge selling pressure.

However, a closer look at the technicals reveals a potential scenario. The Shiba Inu price trading above the 100-EMA and 100-SMA suggests a bounce—buy signals. At the same time, experts predict a bullish reversal isn’t out of the question, making it one of the best cryptos to buy at the current price.

Shiba Inu (SHIB) price analysis for the past 1 hour reveals a downtrend with 0 green candles and 4 red candles. The SHIB price is currently trading at 0.0000244.

Shiba Inu (SHIB) price analysis for the past 24 hours reveals a downtrend with 6 green candles and 24 red candles. The SHIB price encountered resistance at 0.000029 and support at 0.00002.

Shiba Inu (SHIB) price analysis for the past 7 days reveals a downtrend with 14 green candles and 44 red candles. The SHIB price opened the week at 0.000027 and closed at 0.0000244.

Shiba Inu (SHIB) price analysis for the past 30 days reveals a downtrend with 52 green candles and 104 red candles. The SHIB price encountered resistance at 0.00004 and support at 0.00002.

Shiba Inu (SHIB) price analysis for the past 1 year reveals a downtrend with 189 green candles and 348 red candles. The SHIB price opened the year at 0.000009 and closed at 0.0000244.

News source:coincodex.com

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Other articles published on Dec 21, 2024