Polygon (MATIC)’s recent network upgrade has pushed the platform into the spotlight with a major 12% daily surge. The Layer 2 platform was a market leader in the past 24 hours and managed to outperform established leaders like Bitcoin and Ethereum.
On the other hand, Solana (SOL) has finally started to cool down after its historic run in the past year. The DeFi blockchain is currently experiencing profit-taking as investors are looking toward emerging projects like Intel Markets (INTL). Read further to learn what the future holds for these altcoins.
Intel Markets (INTL) expected to become top newcomer in 2024
Intel Markets (INTL) has set the crypto world on fire with its recent launch. The AI trading platform is allowing retail investors to trade smarter with its native integration of artificial intelligence. This crypto is being labeled by investors are the most promising launch of 2024 thanks to a rapidly building community. Intel Markets (INTL) offers a dynamic trading experience backed by trading robots and a dual-chain infrastructure.
Intel Markets (INTL) traders can access tools that are generally only available to enterprise investors. Features like the Intelli-M data aggregation tool and Intell-R robots allow traders to auto-trade without needing manual technical analysis at each trade. The platform is also expected to launch a suite of tools designed for high-frequency trading.
Despite being in the early days of launch, the platform has a rapidly growing community of over 1,500 traders. Designed by a team of engineers from tech giants like Google, OpenAI, and Renaissance Technologies, Intel Markets (INTL) makes it extremely simple for traders to interact with the crypto markets.
The platform has also verified its security through a recent contract audit by the leading security firm Cyberscope. These factors have played a key role in pushing the platform to early success, raising over $125,000. Crypto analysts are projecting the platform to surge over 1200% this year as traders jump in to buy at $0.009. Considering the listing price of $0.11, this Stage 1 pre-sale price is being considered a one-time opportunity.
Solana (SOL) losing steam after whale selling
Solana (SOL) was the most noteworthy star of the crypto world in 2024. The DeFi blockchain managed to stun all expectations with a historic memecoin season that saw projects like Dogwifhat (WIF) and Book of Meme (BOME) reach multi-billion dollar market caps. The price of Solana (SOL) also surged from its 2021 low of $10 to a high of over $200.
However, this historic rally is now showing signs of cooling down. According to data from CoinCodex, Solana has pulled over 2% since last week, and on-chain data shows significant sales from SOL whales.
Blockchain analysis platform Lookonchain identified a major SOL whale that has been selling millions worth of Solana (SOL) since the beginning of the year. Since the beginning of the selling spree, the whale has sold over $89 million worth of SOL tokens on leading exchanges.
The whale sold 20,000 $SOL($2.9M) again 12 hours ago.
The whale has sold 614K $SOL($89M) since Jan 15!https://t.co/vUcUWDVLLf pic.twitter.com/JgaFw69wua
— Lookonchain (@lookonchain) August 20, 2024
This extensive selling by large investors could indicate why Solana (SOL) has underperformed lately. However, analysts think that the project could make a sharp recovery after this healthy correction.
Polygon’s shift from MATIC to POL impresses investors
In the crypto industry, investors are always on the lookout for projects that are innovating and adding new features. Polygon (MATIC)’s shift to POL is another change that is being positively perceived by the market. The crucial upgrade will also add much-needed inflation management for the platform, along with an upgraded burn mechanism.
The upgrade, going live on September 4, 2024, is expected to enhance network functionality and provide additional features to developers. As a result, MATIC has surged over 13% in the past 24 hours.
Which Altcoin will surge the highest?
While Solana (SOL) and Polygon (MATIC) are established names in the crypto world, experts think Intel Markets (INTL) is a much brighter option. The popular altcoin offers a unique solution with its AI integration and could become the next big thing in the coming months.
However, the Intel Markets (INTL) markets platform is currently in its presale stage and investors can add it to their portfolio at a major discount before the listing on a large-scale exchange.
Discover More About Intel Markets:
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
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