SHIB Whale Targets $120K Bitcoin Price This Cycle, As IntelMarkets (INTL) Surges 3300%

SHIB Whale has set an ambitious target for Bitcoin as he believes BTC price will reach $120,000 in this market cycle.

A prominent SHIB whale has set an ambitious target for Bitcoin, predicting that the BTC price will reach $120,000 in the current market cycle. This upbeat prediction bodes well for the crypto market, as traders and investors alike can expect more opportunities.

While everyone's attention is focused on the BTC price, the altcoin market is also heating up, with some bold predictions being made for specific niche projects. One project that has caught our attention is IntelMarkets, which is introducing a new narrative in the world of trading.

The platform integrates AI technology and provides traders with unparalleled tools to facilitate decision-making and automate strategies. With the promise of exceptional performance, IntelMarkets is emerging as a game-changer in automated trading, and some predictions suggest that the platform could see huge growth this month.

Why Bitcoin Price Could Hit $120K in This Bull Cycle

Bitcoin has always been known for its wild fluctuations, but a SHIB whale is now predicting a significant BTC price rally by late 2024, with predictions ranging around $120,000. Such a bullish outlook is based on several converging economic factors and broader adoption trends, which have shifted many investors’ perspectives on the use of cryptocurrency.

This bullish outlook is further supported by the fact that there is a strong supply-side argument when it comes to the features of Bitcoin. With only 19 million coins ever to exist, scarcity drives value. In addition to this, high inflation expectations created by central banks are making Bitcoin more appealing to those who want to preserve their assets.

Moreover, the Spot Bitcoin ETF, which is backed by major financial players, is making the asset more accessible. As a result, investors who would have previously shied away from Bitcoin are now getting involved. With increasing inflows into these Spot Bitcoin ETFs, we can expect a positive shift in acceptance of Bitcoin among large institutions.

Even more, its reputation as a hedge against inflation and geopolitical instability is growing stronger, especially as traditional markets face uncertainty. With increasing global tensions, investors are seeking alternative investments beyond the stock market or other conventional assets.

Therefore, Bitcoin, with its decentralized nature and resistance to central bank influence, is increasingly viewed as a safe bet. Given these factors, it’s not hard to see why many expect the Bitcoin price to hit $120,000 by Christmas 2024.

How Shiba Inu (SHIB) Reflects Changing Altcoin Narratives

Shiba Inu (SHIB) is changing the way investors look at altcoins. Once dismissed as a meme coin, it has a new narration with real-world mechanics, such as its deflationary token burn. Recently, the burn rate jumped by 464% in one week which purged over 624 million SHIB tokens in the market. This drop in supply creates a potential for value growth which sets the coin apart from other speculative tokens.

In addition, the actions of the SHIB whales have an impact that backs up this transformation. As large investors show confidence in Shiba Inu, it signals that the altcoins could be more than just a fleeting trend. The influence of the whale assists in adjusting the perception of Shiba Inu (SHIB) in terms of more long-term viable altcoin strategies.

Also, this shift in narrative can be seen in Shiba Inu’s recent price action. It recorded an increase of almost 6% in a single day and rose to $0.0000251. With further reductions in supply and growing development such as Shibarium, Shiba Inu (SHIB) is strategizing to become a more serious competitor in the altcoins market.

IntelMarkets and Its 3300% Surge Potential

Among the ongoing crypto projects, IntelMarkets is gaining more and more recognition for its innovative approach that combines AI and blockchain technology. Some industry analysts are predicting a huge growth for the platform, with some predicting a potential 3,300% increase in value this month alone.

This is largely driven by IntelMarkets’ unique trading robots powered by AI that scan blockchain data in real time. Recent updates show that IntelMarkets is on a quest to expand its reach.

The platform’s presale has already raised over $2.4 million, with tokens priced at $0.05 in the current round. The next round's price is set to increase to $0.06, which shows an increased demand as more traders join the platform.

Those who join the IntelMarkets ecosystem as investors can gain access to advanced functionalities such as 1000x leverage trading. Hence, using this platform presents various profitable opportunities even to those who begin with smaller capital. Using this platform, traders can tap into exclusive environments usually reserved for those managing assets over $100 million.

Moreover, coupled with powerful tools such as real-time market data and advanced charting software, IntelMarkets empowers its users to make profitable trades with ease.

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