The crypto market’s underwhelming performance continues as Bitcoin (BTC) drops below $60,000. Top altcoins like Solana (SOL) and Ethereum (ETH) aren’t faring any better, losing key price levels. What’s next on the cards for the DeFi giants? Read on.
Meanwhile, whales have been betting on Intel Markets (INTL), a trailblazing project seeking to reshape the global crypto trading scene. Its AI-powered exchange protocol has become the talk of the investment town, hailed as the next big thing by analysts.
Intel Markets (INTL): Whales Bet Big on New DeFi Protocol
Intel Markets (INTL), a new ICO, is not only a retail favorite; it is also on whales’ radars. With the presale recently kicking off in August, over $220,000 has been raised in early funding. This growing whale activity can be linked to its novelty and significant growth prospects.
As an emerging cryptocurrency, its upside potential dwarfs those of established tokens. The ICO is in stage 1, heavily discounted at $0.009 per token. With adoption all but certain, industry experts predict a 45x uptick after listing on top exchanges.
Also contributing to its appeal and rising whale interest is its impending transformation of the $36 billion global crypto trading market. With its vision of ushering in an era of democratized finance, its blend of AI and blockchain technology is set to break down barriers. The platform’s dual-chain architecture, which supports the Ethereum and Solana blockchains, further sets it apart.
Solana (SOL): Eyes a Bounce Above $200
Solana (SOL), a key player in the DeFi world, facilitates the creation of decentralized applications (dApps). With the ecosystem growing at breakneck speed and the Solana blockchain embraced, its future outlook is promising, making it a good crypto to hold over the long term.
However, its recent performance has been a far cry from its incredible run in the year’s first quarter. Between March and April, the Solana price was around $200—a free fall since then. It touched $110 in August, although there has been an upswing past $130 afterward.
Nevertheless, it trades on the downside. So, what’s next? At the current price, Solana is going at a huge discount—expand your portfolio if you haven’t. A bounce above $200 is anticipated in the coming weeks, making it one of the best coins to invest in.
Ethereum (ETH): Anticipated Upswing Above $3,000
Ethereum (ETH), the leading altcoin and a DeFi giant, wasn’t exempt from the market’s several downswings this year. The latest pushed it toward $2,400, losing key supports. Declining interest and confidence in the wider crypto market can be linked to its bearish woes.
But with a bounce unfolding, the Ethereum coin recently flipped the $2,500 resistance into support. Further upsides are anticipated in the coming days and weeks, especially with an overall market rally on the cards, not forgetting the huge inflows into ETH ETFs.
According to an Ethereum price prediction, a rally past $3,000 is imminent. The leading altcoin is tipped to hit this figure before the end of Q3. This explains the growing interest, with savvy investors positioning themselves ahead of what might be a big jump.
Conclusion
Despite notable declines from their all-time highs, Solana and Ethereum are set for a bounce back. Meanwhile, Intel Markets, an emerging cryptocurrency, has captured whales’ attention. This growing interest is thanks to its novelty as an AI-powered crypto trading platform and 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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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