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Cryptocurrency News Articles
Solana (SOL) Shows Signs of Life as a Whale Investor Sets a Bold $500 Target
Oct 08, 2024 at 08:15 pm
The crypto world is buzzing as Solana (SOL) shows signs of life and a whale sets a bold $500 target, while IntelMarkets (INTL) continues its meteoric rise.
Cryptocurrency world abuzz as Solana (SOL) shows signs of life, with a whale investor setting a bold target of $500 for the token. Meanwhile, IntelMarkets (INTL) continues its meteoric rise, leaving meme coins like PEPE in the dust, thanks to its innovative AI-powered trading platform and a rapidly growing community. Let’s unpack the details!
Whale Investor Sees $500 for Solana—Are We Heading for New Highs?
Solana (SOL) has had a challenging week, with investors suffering losses as the token’s price dropped. However, as SOL is starting to show signs of life, the narrative might soon change! This was evident when a bullish pattern showed up on the price chart of Solana (SOL).
According to data from CoinMarketCap, SOL has dropped more than 5.4% within the previous seven days. The bearish trend changed in the last 24 hours as its value surged by almost 2.5%.
At the time of writing, SOL was trading at $146.52 and had a market capitalization of more than $68 billion. Remarkably, the trading volume of Solana (SOL) has also increased by more than 100% to $1.9 Billion, indicating increased investor interest.
Recently, a well-known cryptocurrency expert shared some insights that seemed to be hinting at a potential increase in Solana’s price (SOL). According to the tweet, SOL has been in the consolidation phase for a few weeks.
Following that, the price of the token started to show signs of a bullish pennant formation. Solana (SOL) may reach new heights if there is a breakthrough above the pattern. SOL may soon start moving towards $162 if the bulls get control. The token may rise to $187 in the event of a breakthrough over that mark.
A whale investor has added to the excitement by setting the lofty goal of $500 for SOL. The investor believes that a persistent bullish trend may eventually push the token towards this milestone.
This assurance is based on Solana’s potential for long-term growth and continuous ecosystem advances. Solana (SOL) may be well on its way to reaching that $500 objective if the bullish breakthrough over $187 occurs, securing its position as one of the best-performing cryptocurrencies.
PEPE Price Slips—Will Bulls Regain Control, or Is More Pain Coming?
PEPE’s price has dropped dramatically in the last week. As per data from CoinGecko, PEPE was last seen trading at a price of around $0.000009502 on September 27. The same day that PEPE began to gather traction, it mirrored the price movement of Bitcoin (BTC), rising as high as $66,480. As a consequence of the upswing, PEPE reached a high of $0.000011900 on September 29.
But the bulls in Bitcoin ran out of steam and triggered a dramatic retreat. As a result, PEPE fell significantly, dropping two zeros from its price and reaching a low of about $0.000007860 on October 3. PEPE reached a stable price of around $0.000008662 by October 4. At this pricing, PEPE has decreased by 6.8% in a week.
However, PEPE has gained some traction during the last day, dropping one zero from its price and trading at $$0.00001025. However, it remains to be seen whether this is a passing trend or if there is actual momentum.
IntelMarkets Surges Ahead—Is a $1 Billion Milestone Within Reach?
With its goal of offering something innovative to the cryptocurrency trading industry, IntelMarkets (INTL) is creating a stir in the market. Unlike other platforms, IntelMarkets aims to provide a next-generation AI-powered smart trading platform by fusing blockchain technology with artificial intelligence. This technology gives IntelMarkets a leg up in the competition.
Traders on IntelMarkets may discover self-learning trading robots powered by Rodeum AI that learn from their errors and become better over time. These AI robots analyze real-time data and employ advanced strategies to execute trades at the right moment, ensuring maximum profits.
To further increase traders’ profits while lowering their risks, IntelMarkets will provide up to 1000x leverage on their capital. With each of these features, IntelMarkets may become a million users’ favorite, and it has already been visible with a response on its ongoing presale.
Its presale has been able to raise massive funding of over $910,000 in a very short timeframe. In the third stage of its presale, the platform’s native token INTL is now priced at $0.027
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- Cardi B Promotes New Memecoin Called “WAP” on X (Formerly Twitter), but Fans Question Its Authenticity
- Oct 09, 2024 at 12:25 am
- American A-list celebrity rapper Cardi B posted on X (formerly Twitter) this morning, promoting a new memecoin called “WAP,” named after her hit song with Megan Thee Stallion. However, many of her fans are questioning if the post was real or if her account had been hacked.
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- Bitcoin (BTC) Likely To Reach A New All-Time High By The Year's End
- Oct 09, 2024 at 12:25 am
- Timothy Peterson, an author and network economist has cited a positive outlook for Bitcoin in Q4 of 2024, predicting that the crypto asset could be gearing up for a short-term price surge, possibly to a new all-time before the end of the year.