Since the beginning of 2024, there has been a large influx in the number of new projects in the crypto market. Some of these projects have surpassed heavyweights like Cardano and Ethereum in price growth and future potential.
The latest giant to take Cardano and Ethereum is Intel Markets. Market experts have shown solidarity for the new trading platform, expecting its price to skyrocket by 1,100%.
Cardano (ADA) Founder Entices Hackers With $1M Challenge
The founder of Cardano, Charles Hoskinson, in a recent X post, teased hackers with a $1 million bounty if they can hack Cardano’s latest security feature, Lace Paper Wallet. Hoskinson stated that anyone who eventually hacks the wallet can keep the $1 million.
The news has set the entire crypto market ablaze, with hackers attempting to get the over before it expires by the end of this year. In the meantime, the Cardano price is recuperating from the market slowdown but at a slow pace.
CoinMarketCap data shows the value of Cardano coin has been trading in a range between $0.275 and $0.450. Its market cap is also swinging around the $10-$16 billion region. Notwithstanding, some analysts are standing on business and believe Cardano price USD could skyrocket soon. Kenshiyesreel is encouraging his followers to buy the bottom.
Ethereum (ETH) Gas Fees Hit ATL
In a recent report, the on-chain analytics platform Crypto Quant revealed that the Ethereum network’s daily mean gas fee stumbled to a low of 2.9 Gwei on August 18. This report comes as the Ethereum price USD has been fighting to stay afloat in the bearish market.
The platform analyst, @EgyHashX, tagged Ethereum’s Decun upgrade as the reason for the rapid plunge. The upgrade had allowed many l2 networks to execute their data blobs on the Ethereum blockchain which led to a massive drop in fees. In addition to this, the Ethereum price is currently below the $4k mark despite the approval of Ethereum ETFs a few weeks ago.
Data from CoinMarketCap shows a picture of the cryptocurrency’s market cap oscillating between $250b and $450b. Expect positive sentiment returns to the market; Ethereum USD could plunge lower in the coming months. As a result, experts have advised crypto faithful to seek alternatives.
Intel Markets To Capitalize on the Coming Bull Market
During the 2021 crypto market bull run, the market cap of the entire crypto market skyrocketed, massively reaching $3 trillion. However, the recent storm in the market has dropped this figure to $2 trillion. However, top analysts in the markets believe another bull run is on the horizon, meaning the market could hit a $3 trillion valuation again.
Intel Markets wants to capitalize on this expected growth by launching a trading platform that boasts of the best AI solutions. With this cutting-edge technology, Intel Markets will solve all the issues (fees, speed, security) plaguing the crypto trading market. Intel Markets also has a dual-chain architecture, meshing the two best blockchains in the crypto world – Solana and Ethereum.
Traders can tap into Solana’s lightning speed, low fees, and high throughput for a seamless trading experience. Also, Ethereum’s large volume of dApps, liquidity pools, and smart contracts is there for their perusal. Investors have bought 16.69% of Intel Markets’s INTL at $0.009 in the first. Analysts believe Intel Markets is the next big thing in the market.
Can Intel Markets Take on Cardano and Ethereum?
While Cardano and Ethereum have been top OGs in the market, their growth has been shaky in recent times. For this reason, Market experts have thrown their full support behind Intel Markets to take the lead.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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