The market’s reaction after the Fed’s rate slash has been mixed. While top altcoins like Chainlink (LINK) consolidate, Sui (SUI) maintains bullish momentum. Nevertheless, an overall market rally is on the horizon, with savvy investors buying the dip.
Meanwhile, also at the heart of the market buzz is IntelMarkets (INTL). This novel AI-DeFi protocol has become a favorite among traders, set to reshape the global crypto trading space by adding artificial intelligence to all levels.
IntelMarkets (INTL): AI-DeFi Protocol Captures Traders Attention
IntelMarkets (INTL) is among the latest talks in the crypto scene, sparking excitement courtesy of its novelty. Its innovative blend of AI with blockchain and DeFi puts it above most new ICOs, driving demand and fueling interest.
The ICO entered the second stage earlier this week and over $370,000 has been raised in record time. Fortune 500 investors aren’t left out either, with $500,000 raised. Meanwhile, at the current price of $0.018 and a projected 65x upswing post-launch, it is among the best new cryptos to invest in.
As the first modern trading platform to integrate AI across all levels, it is primed to reshape the $36 billion global crypto trading market. Unlike conventional blockchains, its proprietary AI-based blockchain will power the exceptional ecosystem. Its dual-chain functionality—support for both the Ethereum and Solana blockchains—is another layer of its appeal.
Chainlink (LINK): Consolidates Between $10 and $12
Chainlink (LINK) is a top-15 cryptocurrency, playing a key role in the crypto space as a decentralized Oracle network. By linking smart contacts to critical off-chain information, it facilitates the creation of cutting-edge decentralized applications (dApps).
Despite a slight bounce in the wider crypto market, the Chainlink price consolidates. It moves within the $10 support and $12 resistance on the monthly charts, sparking concerns among holders.
However, according to a popular Chainlink price prediction, a breakout is on the cards. It is tipped to close above $15 by the end of Q3, setting the stage for further upside in the year’s final quarter. With a new peak on the horizon before the curtain closes on the year, LINK is among the best coins to invest in.
Sui (SUI): 35% Upswing On the Weekly Charts
Sui (SUI), a Layer-1 blockchain, is at the heart of the current market buzz. It exploded after the recent USDC integration. Also proving to be a bullish catalyst is the Fed’s 0.5% interest rate cuts.
Charting a bullish course, the Sui price is up 13% on the daily charts. This extends to its weekly timeframe, skyrocketing 35% in the past seven days. Unsurprisingly, SUI leads the week in gains, on track for a new all-time high.
Six months ago, specifically on March 27, the Sui coin registered an ATH of $2.18. While it trades over 30% below its peak price, savvy investors believe it is underpriced. With plenty of room for growth, it is an altcoin to watch out for.
Conclusion
The highly anticipated Fed decision on interest rate cuts is here: a 0.5% slash. With altcoins reacting differently, Chainlink (LINK) consolidates between the $10 and $12 levels. Meanwhile, Sui (SUI) gains traction, with more room to run, while IntelMarkets is a new player with massive growth prospects.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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