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Over the past year, there has been a massive switch in investors sentiment in the crypto market. Investors are now showing more interest in new DeFi projects that have potential and are at the infancy stage. Currently, Dogecoin and Cardano investors are turning to this new project called IntelMarkets (INTL).
This is an AI trading platform that is revolutionizing the crypto industry. It combines AI with blockchain to provide traders with more effective and lucrative trades. The growth rate of IntelMarkets has been terrific. The project has raised over $10.8 million in funding. Its price is expected to rally by 10x soon.
Trader Tardigrade Forecasts Dogecoin (DOGE) Breakout
The DOGE price has been trading between $0.22 and $0.28 since February 4. The memecoin which produced an outstanding 400% growth in Q4 2023, has returned to former lows. CoinMarketCap indicates the DOGE price has plummeted by 30.1% on the monthly chart.
Also, the DOGE price is about 65% below its all-time high of $0.7376. Despite the downtrend, many analysts say the DOGE price could surpass the current peak to reach the long-expected $1 mark. Trader Tardigrade says the DOGE price is trading in an asymmetrical triangle.
The analyst says the DOGE price is getting set for a breakout. Such a move could send the DOGE price to $0.26 and higher. In the meantime, data from TradingView reveals that most of the indicators are bearish. For instance, the Average Directional Index (14) flashes a sell signal which means that bears are in control of the market.
Cardano (ADA) Price Plummets On Monthly Level, Is $1 Still Possible?
Like the Dogecoin token, the Cardano (ADA) has also experienced huge declines in the past month. The ADA price has plunged by 20.8% on the monthly timeframe, per CoinMarketCap. While Grayscale’s Cardano ETF application caused a little uptick, the uptrend did not last.
Currently, the ADA price is trading between $0.7375 and $0.8248 on the weekly level. Despite the decline, analysts still remain positive. Altcoin Scholar notes there is a cup and handle pattern formation on the ADA price chart. They predict that this could push the ADA price to higher levels like $0.9.
Another analyst called Solberg Invest notes the ADA price is getting set for a breakout. If successful, Solberg Invest says the ADA price might soar to $1.67. In a more bullish scenario, the ADA price might surge to $2.49 in the coming months.
Why IntelMarkets (INTL) Has Been Gaining Popularity Among Traders
IntelMarkets (INTL) is a new-generation cryptocurrency trading platform that is meant for both the new and professional trader, IntelMarkets offers features and functionalities that were previously available only to large investors.
The platform’s Intelli-M™ Bots are built based on over 100,000 data points, which allows them to understand the market and make accurate trades. These self-learning bots are capable of responding to real-time market changes hence improving trading.
IntelMarkets allows users to create and use trading robots. This way, traders can set up their strategies and let them run without having to constantly monitor them, as the parameters are set.
It is built on the Ethereum and Solana blockchains, which allows users to trade on the network of their preference. This two-chain strategy connects Ethereum’s well-developed DeFi ecosystem with Solana’s high speed and scalability.
IntelMarkets has shown good investors’ interest as it has managed to raise over $10.8 million during the presale stage. INTL is the native token of the platform and has seen a massive increase in value. Currently priced at $0.091, its price is expected to rise by 10x soon.
Which is the Best Crypto To Invest In?
IntelMarkets is not only following the trend but setting it. Its ongoing cryptocurrency ICO is proof of its potential and the figures show that investors are bullish about its potential. Given its low market cap and growing investors’ interest, the value of INTL could outshine that of DOGE and ADA in the long run.
For more information about IntelMarkets (INTL) visit the links below:
Presale: https://intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
