There was a time when Dogecoin (DOGE) was the talk of the crypto sphere mostly because of Elon Musk. But with the latest changes to Elon Musk’s Twitter, it seems like he’s abandoning Dogecoin (DOGE) and embracing a new memecoin. PEPE was the recent victim of the “Elon Musk Effect” which allowed it to surge significantly but it was only short-lived.
These small surges in memecoins last for some time only which is why experts prefer projects that have strong fundamentals and the ability to keep growing over time. Because of this, projects like IntelMarkets (INTL) has come to attention with thousands of investors pouring their money in for high gains.
Is Dogecoin (DOGE) Still Elon’s Favorite?
There’s been speculation that Elon Musk has abandoned Dogecoin (DOGE) but the real reason behind the end of the bromance between Musk and DOGE is investors are getting more inclined towards the market rather than celebrity tweets. However, it’s bad news for Dogecoin (DOGE) which had fallen by over 25% in the last 30 days alone.
Another reason why Dogecoin (DOGE) has not been able to do so well is because of the emergence of new memecoins. This token was a veteran but now because of tons of new tokens like PEPE and Shiba Inu (SHIB), it has started to lose its charm. However, there’s good news as well for holders that Dogecoin (DOGE) is still inside the top 10 crypto tokens and there’s no way it’ll fall down anytime soon, according to analysts.
As far as technical indicators are concerned, according to Oscillators like Relative Strength Index, Dogecoin (DOGE) is in the Neutral zone. But, at the same time, Moving Averages are indicating a selling pressure which means the investors are selling their tokens with very little buying pressure, thus pushing the value even lower.
PEPE Surged 18% Overnight – Was It Elon Musk?
Last night PEPE surged 18% which was largely because of Elon Musk’s social media activity. On December 31, 2024, Musk changed his profile picture and name on X (formerly Twitter). He changed the name to “Kekius Maximus” and the photo of Pepe the frog in Golden armor as the display picture.
This led investors to PEPE and increased the trading volume by 31% in no time. Even other memecoins with the same themes saw a significant surge in value. However, it was short lived as the price went down quickly and is now down by 8.5% on the daily chart. Still analysts believe that PEPE has the potential to recover and gain some ground in comparison to other meme tokens.
Technical analysis of PEPE indicates that it is currently trading above its 50-day moving average which suggests a bullish momentum for the token. But RSI is explaining a different story altogether with price approaching overbought levels, signaling towards caution for all investors. Plus, PEPE is facing resistance at higher price levels which might hinder its growth. In this uncertainty, and with the era of AI approaching, projects like IntelMarkets are making a move.
Over $5.6 Million Raised by IntelMarkets (INTL) in Presale Rounds
IntelMarkets (INTL) is currently on Stage 8 of the presale round with over $5.6 million worth of tokens already sold out. With a presale price of $0.0733 in stage 8, it’s high time to buy this token at an unbeatable price. But why is this project growing at such an exponential rate? It’s because of the AI features that make this project a one-of-a-kind in the market.
This platform uses advanced AI technology to provide real-time insights into the crypto market. This includes price predictions, trend analysis and automated tools that make trading simpler and much more effective even for people with no finance background. IntelMarkets (INTL) has a backing from Sovereign Wealth Fund and has employed people from OpenAI, MIT and other big names in the industry.
For people who want to become a part of the future of crypto trading, this AI platform is the next best opportunity. With autopilot trading bots and Intelli-M trading systems, IntelMarkets (INTL) has the ability to perform technical calculations in seconds and provide the best investment strategies and investments to the users.
So, if you’re looking for a project with strong fundamentals, capable team and using the latest AI technology, then it is likely that this platform can offer early investors a chance of a lifetime. Experts believe that IntelMarkets (INTL) might be up there with the big names in the market soon enough.
Learn more about the IntelMarkets (INTL) presale:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
