In the latest crypto news, IntoTheBlock’s data reveals that 98% of Tron holders are in profit. Also, Toncoin whales have accumulated 13.14 million tokens since the start of the downtrend.
Meanwhile, analysts believe Intel Markets is the new Toncoin. They say Intel Markets can follow in the footsteps of Toncoin and join the top 20 cryptocurrencies after launch.
98% Of Tron (TRX) Holders Are in Profit
Tron (TRX), the native currency of the Tron network, has been among the best-performing coins in the past few weeks. According to data from IntoTheBlock, over 98% of Tron HODLers are sitting in profits.
The price of the cryptocurrency is up 14% on the monthly chart. Its market cap is even fluctuating between a low of $10 billion and a high of $15 billion. Despite the bullish wave around Tron coin, the 14-day RSI signals that its value might be headed for a correction. The RSI is currently in the overbought region.
In terms of future price movement, the value of Tron crypto could drop in the coming weeks. Its 14-day RSI is above 70 and is in the overbought region. The token has major supports at the 50-Day SMA ($0.135112) and 200-Day SMA ($0.125951) in the case of a price drop.
Toncoin (TON) Whales Accumulate 13 Million TON Tokens
Toncoin crypto, the native token of the TON ecosystem, has been in a downtrend since the arrest of Telegram’s founder in France. Data from CoinMarketCap shows the value of the coin has dropped by 20% on the monthly chart.
However, information from IntoTheBlock shows that large TON holders have been taking advantage of the price drop to increase their holdings. They have bought over 13.14 million tokens in the past week.
Currently, analysts are very skeptical about the price movement of the Toncoin token. They believe the ongoing support for Telegram’s founder could attract more positive sentiment to the network. If this happens, the Toncoin price could increase to $6.59 in the next few weeks.
Intel Markets Solves Issues Plaguing the Crypto Trading Sector
A new presale called Intel Markets (INTL) is currently the talk of the crypto community. The project has achieved two major milestones within a short time. It has raised more than $180k in funding in stage 1 of its presale. Intel Markets’s INTL is currently priced at $0.009, but experts have predicted it can trade as high as $0.50 before the year ends because of its innovative platform.
Intel Markets is a dual-chain exchange that seeks to solve the problems in the $36.5 billion crypto trading platforms market. Some of these issues are low liquidity, low transaction speed, and security. Intel’s dual architecture system helps to solve these issues.
Its exposure to the Solana and Ethereum blockchains allows traders to enjoy fast transactions at low cost and high security. In addition to this, Intel Markets has an AI trading bot. Investors can use this bot to analyze market trends and make automated trades. These bots are highly profitable after being tested with over 1,200 traders/
Can Intel Markets Mirror The Growth Of Toncoin?
Analysts are optimistic about the future potential of Intel Markets. They forecast its dual-chain approach and AI trading bots will attract a lot of users in the coming months.
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