Emily Walker
The dominance of Bitcoin in the market may be on a downward trend in the near future, paving the way for altcoins to shine again. Among them, the AI-focused coin, IntelMarkets (INTL), stands out as a major contender. Recently, INTL’s value skyrocketed by over 710%, and analysts predict it could multiply 20 times during the upcoming altseason.
Other altcoins expected to perform well include Solana (SOL) and Shiba Inu (SHIB). Forecasts suggest that Solana may reach $264, while SHIB could experience a 163% increase.
All Eyes on IntelMarkets (INTL) After 700% Price Pump
Unlike many altcoins that have lagged behind Bitcoin, IntelMarkets (INTL) has seen an impressive rally of over 710%. The price hit a peak of $0.073273, with experts believing it could increase 20-fold soon. IntelMarkets has also excelled during its presale, securing over $4.9 million with an aim of reaching $7 million.
The notable performance of IntelMarkets can be attributed to its innovative approach to the $264 billion cryptocurrency trading sector. By leveraging advanced AI technologies, the platform aims to enhance trading opportunities for both novice and experienced traders.
The Intell-Array Multichannel Analysis tool helps users process large data sets to quickly identify valuable market opportunities. Its automated trading robots continuously improve themselves, minimizing the need for human input in trading decisions.
As an AI-enhanced trading platform, IntelMarkets features advanced tools that differentiate it from its competitors. The ongoing presale represents an excellent opportunity for involvement in the project.
Solana (SOL) Eyes Breakout To $264
Recently, Negentropic, co-founder of Glassnode, tweeted a bullish prediction for Solana’s price. He believes SOL may be poised for significant upward movement. According to him, if Solana surpasses $235 in daily trading, it could break free from its price constraints and aim for its previous high of $264.
The Daily RSI is seen as a positive signal, suggesting that Solana’s price could continue to rise in the following weeks. Currently, CoinMarketCap shows that Solana is priced between $205.09 and $234.11 for the week.
Although the price has decreased by 0.7% weekly and 9.2% monthly, the potential launch of a Solana ETF and growing market optimism might trigger a rally in the upcoming weeks.
Shiba Inu (SHIB) Must Break Trendline To Reach New Target
Market analyst PouyanTradeFX has highlighted a critical level for Shiba Inu (SHIB) to overcome to achieve significant movement. In a recent analysis on TradingView, he observed that SHIB is testing an important trendline that has influenced its price since 2021.
This trendline sits around $0.000028-0.00003. If SHIB can successfully break past this resistance, a rally of 163% could see it reach approximately $0.000074. Alternatively, failing to breach the trendline could lead to a drop to around $0.000011.
PouyanTradeFX’s insights are among several optimistic predictions for Shiba Inu (SHIB), despite the overall correction in the crypto market. Data from CoinMarketCap indicates that the meme coin has seen a 0.1% rise on the weekly chart and an 11.3% rise monthly.
Conclusion
With the potential for major gains for Solana (SOL) and Shiba Inu (SHIB) on the horizon, analysts advise investors to keep IntelMarkets in their sights. The altcoin’s recent climb to $0.073273 indicates it may be entering a new phase. Another 10x rally is expected post-launch, making the current crypto ICO a prime opportunity to invest in IntelMarkets.
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