Although Dogecoin (DOGE) has been rising in popularity for some time, particularly among crypto fans, it firstly made a name for itself when its price skyrocketed. Despite its popularity, DOGE has never climbed above $1, leeding investors to seek more exciting projects. IntelMarkets (INTL), is such a prospect, an emerging AI-powered trading platform aiming to disrupt the crypto trading landscape with the possibility of a 100x rally.
Dogecoin: The OG Memecoin
Dogecoin was launched in December 2013 as a lighthearted alternative to Bitcoin that managed to acquire a committed community. For years the price remained relatively low, often trading for fractions of a cent. The first major surge happened early in Jan 2021, when the value of DOGE increased over 800% in 24 hours to roughly $0.07. Social media hype and surrounding celebrity endorsements (notably by Elon Musk) created a surge of this spike. Dogecoin reached an all time high of around $0.74 in May 2021 after gaining a large amount of media exposure and celebrity endorsements. This peak was short lived however, and the price fell sharply in the months to come.
Challenges Facing Dogecoin’s 1$ Price Tag
Several factors have contributed to Dogecoin’s inability to sustain higher price levels:
- Lack of Utility: While there are plenty of other cryptocurrencies with their own use cases, technological innovations, and communities, Dogecoin was made purely as a joke — intending to have no real purpose apart from being a storage of value.
- Market Saturation: With the influx of the new memecoins and altcoins, it’s hard for DOGE to stand out among the crowd.
- Volatility: The price of Dogecoin is very susceptible to the general market sentiment and social media trends.
IntelMarkets (INTL): A Promising Alternative
IntelMarkets (INTL) provides a robust value proposition on developing technology. IntelMarkets is building an AI trading platform with the aim of offering users greater trading efficiency and profitability. Currently in its 6th stage of presale, INTL has garnered large attention from the community, raising more than $2.4 million already.
Key Features of IntelMarkets
- AI Integration: Based on advanced artificial intelligence, the platform is geared at analyzing the market trends with regards to buying and selling prices, executing the trades and optimizing the investment strategies.
- User-Friendly Interface: IntelMarkets is designed for beginners and experienced traders alike; they are attempting to make a trader experience that is both intuitive and accessible.
- Security Measures: Platform security is emphatic, through user assets being encrypted further through advanced encryption and linked back to users through multi factor authentication.
- Investment Potential: IntelMarkets is in the presale phase as it seeks to capture investments early on in its development. The platform, with an emphasis on AI driven trading solutions, is here to fill the gaps in the crypto trading market, and can potentially drive high adoption and value increase.
Dogecoin may continue seeing short term volatility, however financial experts suggest its long term growth prospects are questionable because of its lack of intrinsic value and utility. On the other hand, IntelMarkets works hand in hand with technological innovation and its practical application in the sphere of trading and therefore prospects for investment in it are greater.
Conclusion
Dogecoin offers entertainment and speculation to its investors, but its downsides become more and more apparent. If you are looking for big and sustainable gains, IntelMarkets is one crypto you should look out for. IntelMarkets through the utilization of Artificial Intelligence is prepared to significantly influence the cryptocurrency market and to enhance the yield for the investors, making it a safe bet for future investors.
For a limited time, INTL users have a 20% deposit bonus with the promo code: “INTL20”.
