The upcoming changes in U.S. tax policies are speculated to positively impact investment strategies, especially those related to cryptocurrencies. Due to their favourable strategic positioning, TokAens like Stellar (XLM) and IntelMarkets may emerge as smarter and more sustainable investment options.
In contrast, analysts believe that meme-based cryptocurrencies like Shiba Inu (SHIB) will likely become less attractive under stricter tax conditions despite the potential for up to 50% returns. Here’s why:
Stellar (XLM) Shows Stability Amid Recent Market Fluctuations
The Stellar token recently witnessed a mega rally of 470% on the monthly charts, which pushed it into the top 15 crypto-lists with a market cap of $16.38 billion. In the last 7 days alone, XLM has surged over 17%.
Currently, Stellar’s XLM is trading at the $0.5878 level, heading to break out from the $0.60 resistance level. Additionally, Stellar’s open interest has surged 25.76% in the last two days, hitting a record high of $371 million with more than $2.75 million in liquidations.
The short liquidations have surged to $1.8 million, while the long liquidations stand at $961K. Stellar’s (XLM) stable performance amid the recent market fluctuations shows its resilience, making it a smart investment that’ll withstand the fluctuations expected from the US tax changes due next year.
Shiba Inu: Analysts Doubts SHIB’s Ability To Recreate Its Bullish Momentum Next Year
Shiba Inu has recently stirred excitement from investors with its bullish momentum. The token burn within the Shiba Inu ecosystem has significantly driven SHIB towards a remarkable 179% surge to reach its all-time high of $0.000086.
While there’s a big possibility that Shibs Inu could hit this price target, analysts wonder if SHIB, a low utility memecoin prone to volatility, would sustain this current rally. At the press time, SHIB had already recorded a 4.7% price drop in the last few days.
This scepticism extends to their concerns about SHIB’s resilience in the market in the upcoming year. Some experts believe Shiba Inu might not be the smartest investment right now, especially with the implementation of the new US tax changes.
IntelMarkets Poised For 50% Upside Amid U.S. Tax Changes Next Year
It is now obvious that only tokens with solid utility, like IntelMarkets’ presale tokens, will maintain their bullish outlook next year, even after the U.S. tax changes have been implemented.
Analysts advise investors to invest in tokens like IntelMarkets and XLM ahead of next year, highlighting them as smarter and more lucrative investment choices compared to meme tokens like Shiba Inu. IntelMarkets tokens are currently in presale stage 7, trading at $0.064 apiece.
Purchasing tokens gives investors access to IntelMarkets’ safe trading environment, which helps them mitigate potential risks and maximize gains with minimum taxes on trading fees and transactions. The platform facilitates asset management through a non-custodial wallet with an automatic portfolio management protocol.
Additionally, investors are rewarded with tokens for activities performed on the platform, such as staking. They also enjoy registration bonuses, discounts on trading fees, and high-leverage options. Smart investors are already making investments by buying the presale tokens. Join them on the presale now!
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