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Breaking News: Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act

Ethereum Price Prediction Puts ETH at $6,000 in December, But Investors Double Down On DOGE Accumulation

Bitcoinist
by Bitcoinist
Last Updated: November 13, 2024 2:00 pm
·
Posted in Altcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As Ethereum (ETH) gears up for a possible surge to $6,000, excitement around other cryptocurrencies, including Dogecoin (DOGE) and IntelMarkets (INTL), is also reaching new heights.

With Dogecoin showing strong technical indicators and IntelMarkets breaking into the scene with its revolutionary AI-powered trading features let’s see why these three assets are captivating investors worldwide.

Ethereum’s Bullish Streak: Will ETH Climb to $6,000 by Year-End?

This year, Ethereum (ETH) has been lagging behind Bitcoin (BTC) by a substantial margin; however, recent analysis indicates that ETH may soon rise to overtake its prior high and catch up.

Prominent cryptocurrency analyst Ali Martinez posted an Ethereum (ETH) chart showing that Ethereum (ETH) was able to successfully maintain its $2,400 support level and “may now target the channel’s upward boundary around $6,000.”

Martinez’s chart on the microblogging platform X shows ETH moving upward within a defined channel, with an upper level of roughly $6,000. Given that Bitcoin and other cryptocurrencies are aiming for new highs, this emerging rally is consistent with general market trends.

With its current price of $3,155.20, Ethereum’s (ETH) price is up by a massive 30% in the past 7 days, signaling a strong bullish momentum. If this momentum continues at the same pace then things are all set for Ethereum (ETH) to reach new heights.

From $0.15 to $0.29 – DOGE’s Strong Price Momentum Explained

The memecoin darling, Dogecoin (DOGE) has recently picked up momentum and is showing big gains, as apparent on the DOGE’s price chart. It surged from $0.15 to about $0.29, reflecting the massive scale of the ongoing bull run.

An emerging cup and handle pattern is thought to be driving the current spike and has the potential to do so ahead as well. Furthermore, a golden cross created within the $0.13 level, indicating an ongoing bullish rally, shows that the price of DOGE is now trading above both the 50-day and 200-day Simple Moving Averages (SMAs).

The Relative Strength Index (RSI) is at 87, indicating unusually strong purchasing momentum, implying that the asset might be overbought in the short term. However, going ahead, several analysts are predicting further big gains for Dogecoin (DOGE) of up to $3.5. This might prove to be the turning point for the Dogecoin’s trajectory ahead.

INTL Presale Raises $2.1M – Why Investors Are Flocking to IntelMarkets

IntelMarkets (INTL) is an upcoming AI-powered project that aims to disrupt the traditional trading market with its revolutionary trading platform, which will be launched very soon.

The anticipation around this platform is pitch-high as it aims to provide investors with cutting-edge trading tools that were once restricted to high-volume traders only.

The platform will include features like a dual-chain trading platform, multichannel analysis, omnichannel analysis, up to 1000x leverage options, wider market access, and its top highlight which is its AI-powered trading robots.

The fact that everyone is emphasizing these trading robots is only because of their extraordinary powers. These robots know the game of analyzing multiple markets for multiple assets at the same time, generating results that are 99.99% accurate, and that too in nanoseconds. A power that will remain unmatched forever.

The excitement around IntelMarkets is clear in its ongoing presale which has already generated almost $2.1M in funding, reflecting the screaming trust and confidence of the market in this upcoming project. The presale is selling out fast, act fast if you want to be part of this transformative project.

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

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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