The past few days have been underwhelming, to say the least. Amid BTC’s dominance, altcoins plummeted: Solana (SOL) fell below $210 and Cardano (ADA) lost the $1 support. Although a bounce is on the cards, the current market condition is enough to spark concerns.
Meanwhile, interest in IntelMarkets (INTL), a new AI crypto, skyrocketed, crossing the $5 million fundraising goal. Standing at the crossroads between artificial intelligence, blockchain and DeFi and boasting significant growth prospects, it might be one of this year’s biggest breakout coins.
IntelMarkets (INTL): 700% Upswing Since ICO Debut
The Ethereum and Cardano prices taking a dip contrasts IntelMarkets’ (INTL) explosive growth in presale. The new AI crypto is the center of attention, standing out for its novelty and bullish narrative. It has registered a 700% growth since debuting, hitting the $5 million fundraising milestone earlier this week.
Early investors making significant gains by investing in the presale has been one of this year’s biggest highlights. But there is more. Industry experts project a 100x upswing in value after listing on Tier-1 exchanges like Coinbase and Binance, poised to become this year’s best crypto investment.
Meanwhile, a token is massively underpriced at $0.073 in the eighth stage of the ICO. Furthermore, its unique AI-powered trading platform drives huge interest and demand, prompting experts to hail it as the next big thing.
It will integrate AI across all levels and its trading bots will be able to learn from previous trades and real-time data. Equally important is its dual-chain functionality—compatibility with the Ethereum and Solana blockchains.
Ethereum (ETH): 6% Downturn in the Past Week
Ethereum (ETH) retests $3,600 following the latest market dip, tumbling 6% on the weekly chart. A decline below $3,500 might pull it toward $3,000, making the coming days crucial. On the bright side, technical indicators like the ETH price trading above the 50-EMA and 50-SMA are bullish signals.
A reclaim of $3,800 might be enough to send the Ethereum price above $4,000, making it one of the altcoins to watch out for. At the same time, experts are confident about a bounce, although investors seeking significant gains are shifting their attention toward new altcoins like IntelMarkets (INTL).
Crypto analyst StonkChris believes Ethereum (ETH) has bottomed, with a breakout above $4,100 on the cards in the coming weeks. Anna_liu, another top analyst, hints at a jump toward $4,200 and $4,250, meaning the dip might be a great buying opportunity.
Cardano (ADA): Retails Below Key $1 Support
Cardano (ADA) swung low as the crypto market nosedived. Losing the $1 support, a decline below $0.95 is on the cards, which many buyers are anticipating—a good discount given its growth prospects?
Key technical indicators like ADA trading above the 100-SMA and 100-EMA are enough to boost the bulls’ confidence. A retest of $1 might spark a buying frenzy, pushing it toward $1.5—a good crypto to buy at the current market price.
AltcoinMonke, a crypto trader and analyst, expects a breakout might push it toward $5 next year. Meanwhile, Tanxcrypto believes Cardano (ADA) is headed next to $1.2 and $1.4 in the short term and $1.6 to $2.0 in the midterm. Despite this, its limited upside potential doesn’t match IntelMarkets’.
IntelMarkets (INTL): Outperforming Ethereum (ETH) and Cardano (ADA)
IntelMarkets (INTL) is among the most promising new ICOs, standing out for its novelty—the first AI-powered trading platform—and substantial upside potential. It skyrocketed amid a surge in retail and whale demand, outperforming top crypto coins like Cardano (ADA) and Ethereum (ETH).
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