The crypto market took another downtrend, which optimists believe might be the final dip before a healthy comeback. Solana (SOL) and Shiba Inu (SHIB) retest critical support levels, eyeing a bullish reversal.
Meanwhile, stirring market buzz is Intel Markets (INTL), a novel exchange platform powered by AI. This blend of DeFi and AI has captured the attention of investors and industry experts, contributing to a significant uptick in the ongoing presale.
Intel Markets (INTL): A New AI-Powered Exchange Stirring Market Buzz
Intel Markets (INTL), one of the latest crypto sensations, is a new ICO stirring excitement. Its unique approach makes it stand out—blending AI with crypto trading. This AI-powered trading platform is poised to reshape the $36 billion global crypto trading market and has been tipped as the next breakout star.
Set to break into the crypto trading industry and become a key player, it will offer users access to perpetual futures contracts with advanced leverage options. Other features like lightning-fast execution, diverse asset pairs and comprehensive risk management tools will put it ahead. More importantly, its dual-chain architecture (compatible with the Ethereum and Solana blockchains) sets it up for adoption.
Checking most of the boxes, if not all, the ongoing presale presents the best opportunity to become an early adopter or holder. In stage 1 of the ICO, investors have been stacking up at $0.009 per token; over $200,000 has been raised in record time. Meanwhile, experts eye a 5,000% rally post-launch, potentially surpassing Solana and Shiba Inu in gains.
Solana (SOL): Will it Tumble Below $100?
Solana (SOL) is one of the leading and most popular altcoins. As a DeFi solution and service provider, it is a key player in the crypto scene.
However, while its performance in the first half of the year was remarkable—hitting an annual peak of $200—it has been disappointing afterward. In the past 7 days, the Solana price has declined by 20%. This is a part of the wider market decline and further downswings aren’t out of the question.
It retested the $130 support earlier this week, signaling a potential fall below $100. However, if the bulls can force a rally past $140 in the coming days, the Solana crypto might rally, making it a good altcoin to buy at the current price. But if it doesn’t, brace up for much lower prices.
Shiba Inu (SHIB): In an Accumulation Zone
Shiba Inu (SHIB), the leading dog-themed cryptocurrency on Ethereum, is another altcoin at the bears’ mercy. The entire meme narrative has tumbled, losing gains faster than they recorded upticks. However, holders and the broader crypto community remain optimistic about a bounce.
The Shiba Inu price lost the $0.000014 support earlier this week, revisiting the next one below. With the price in an accumulation zone and investors stacking up, given the huge discounts, SHIB is set for a comeback. But the extent remains unknown.
With investors hoping to end the third quarter on a high note, the Shiba Inu coin might see a substantial increase in the coming days. Bullish analysts anticipate a 2x rally before the end of Q3, making it a good and budget-friendly coin to invest in.
Conclusion
While Shiba Inu and Solana retest critical support levels, a bounceback is on the cards. Meanwhile, Intel Markets is on investors’ radars, with over $200,000 raised in a few weeks since the presale went live. Given its impending transformation of the global crypto trading scene and growth prospects, it is a new DeFi project to keep on the radar.
For the latest updates and information, visit the official Intel Markets Website.
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