The crypto markets regained their bullish trends as Bitcoin crossed the $100K mark again on Wednesday. The overall market rose over 6% as it recovered from the mass upheaval of December 10, which saw the market lose over 20% of its price volume.
One of the strongest recoveries this time was Cardano, which regained over 16% to trade around $1.17. ADA’s recovery cycle will continue as market data supports further growth. Capital inflow is sustained as the adverse inflation data and federal rate cut brought more investors to the crypto market.
Another booming market gainer is IntelMarkets. This AI-based dual-chain trading platform is currently in stage 7 of its presales and has already delivered 500% returns for its early investors. The coin launched at $0.002 and is currently trading at $0.064, giving high returns to early investors. Investors joining now are sure of earning another 5000x returns once the platform launches.
Cardano (ADA) Price To Surge Over $2 By New Year
In the weekly timeframe, Cardano’s price has dropped over 4%. ADA’s market cap has risen by 15.74%, while the daily trading volume decreased by over 12.34%. These factors show that the market is consolidating for a rally over the $1.3 resistance level.
Source: CoinMarketCap
Profit-taking actions might be the primary reason for the decline of ADA, as Cardano’s price has reached two-year highs recently. Other noteworthy events include Cardano’s co-founder Charles Hoskinson’s news about the mainnet launch of Midnight. This will make ADA a multichain network directly connected with Ethereum and Solana.
This development is on par with Cardano’s purpose of bringing about “positive global change” through its blockchain platform. There is no doubt that Cardado is an evolving platform with long-term utility. It is developing its ecosystem, and proposed technological advancements will positively impact future valuations.
The combination of technical developments, bullish market sentiment, and fundamental developments indicates that the current ADA price will likely continue its trajectory for price growth. However, as with all cryptocurrency investments, careful consideration of risk factors and market conditions remains essential.
IntelMarkets Receives Codeum Approval as Growth Rises to 2000%
IntelMarkets (INTL) is a promising AI-based project. It is the first AI platform that combines the power of artificial intelligence and blockchain to make crypto and other forms of trading available for everyone. It has received KYC approval from Codeum for hassle-free trading.
The project has raised over $4.15 million in presale by selling over 35 million tokens.
IntelMarkets offers its users unique, programmed bots to make trading easy. These bots use AI-powered learning algorithms to generate seasoned trading strategies and tips within seconds of market movements.
IntelMarkets also addresses the multiple interface problem. Experienced traders using existing platforms must assess multiple trading interfaces with conflicting buy/sell signals. INTL has an Intell-ArrayTM monitoring system that addresses this issue. This system will review all signals on the trading interfaces and make a single suggestion. The platform also offers leverage of up to 1000x.
Conclusion
While Cardano is bound to rise based on its technical developments and strong platform, IntelMarkets is also a positive addition to the crypto space with its high utility trading platform.
IntelMarkets is now in the seventh stage of its presale and selling for $0.064. Due to the platform’s AI offering, the platform’s upside is commonly projected to be 1000X at launch. Investors are rushing to invest in INTL while it’s still undervalued in its presale.
Both Cardano and IntelMarkets offer upside potential, but IntelMarkets is an easier option due to its low values and definite upside of 1000x gains at launch.
Check out the IntelMarkets for more information about the technical platform, or Join the Presale for exclusive benefits.
