As the broader crypto market experiences a boost with the beginning of the new year, various coins skyrocketed massively in the current session. Experts are particularly fixated on Near Protocol (NEAR) and IntelMarkets (INTL), anticipating new all-time highs from both these altcoins.
While INTL and NEAR prepare to take the market by storm, experts claim that the former will shake Dogecoin’s throne and take its place. Though DOGE is also soaring with the market rally, IntelMarkets has more explosive potential at a lower market cap.
Dogecoin’s Weekly Price Analysis: DOGE Struggles!
Dogecoin (DOGE) struggles to build momentum after slipping below the 50-day SMAs and key support levels, falling to a low of $0.262 on December 20. However, it recovered from this level and rose to $0.325 at the beginning of the previous week, and continued to push higher on Tuesday, settling at $0.337.
Sellers retook control on Wednesday as Dogecoin (DOGE) dropped just over 1% to $0.333. Selling pressure intensified substantially on Thursday as the price fell over 6% to $0.312. Buyers attempted a recovery on Friday but lost momentum after reaching $0.325, allowing sellers to push the price down marginally to $0.311.
Dogecoin (DOGE) started the weekend positively, rising almost 4% and moving to $0.323. However, it was back in the red on Sunday, dropping nearly 3% to settle at $0.314. Dogecoin (DOGE) registered a marginal drop on Monday before rising 0.89% on Tuesday and settling at $0.316.
Bullish sentiment picked up on Tuesday as Dogecoin (DOGE) rose by 2.50% and settled at $0.324. The current session sees Dogecoin (DOGE) up over 7% as it looks to go beyond the 20-day SMA, acting like a dynamic resistance level.
NEAR Protocol Poised For Breakout With 766% Growth
Near Protocol (NEAR) is drawing significant attention from market analysts, with a bullish ascending triangle pattern suggesting a potential breakout. This pattern makes the investors excited about the future trajectory of Near Protocol (NEAR).
According to chart analysis by the analyst VipRoseTr, Near Protocol (NEAR) is trading near a critical support level reinforced by its 50-day moving average (MA). This setup, coupled with growing adoption and high activity levels, positions NEAR as one of the most promising projects in the blockchain space.
The price of NEAR/USDT is moving in an ascending triangle from which we can expect a continuation of the upward trend. This technical structure is a frequent indication of the subsequent increase in prices, reflecting increased purchasing interest.
The 50-day moving average is currently acting as support. A potential breakout from here suggests that the trend is turning positive. According to the analysts, possible breakout levels at $5.70, $7.00, and $8.40 are expected if the bulls prevail and take the price past the current range.
The first is a short-term high, while the other two are suggestive of intermediate to longer-term rebounds. At the time of writing, Near Protocol (NEAR) is valued at $5.50 with a 24-hour increase of 8.21%. The price has been trading in the range of $5.02 to $5.58.
IntelMarkets (INTL): Positioning for Significant ROIs
IntelMarkets (INTL) might not be as popular as Dogecoin (DOGE) or Near Protocol (NEAR) in 2024, but it has proven to be equally as bullish as them or more. It stands out for several reasons, from its significant upside potential to its AI-DeFi narrative—an investor favorite.
Unlike DOGE, this will be its first bull market, meaning it has plenty of room to run. Having skyrocketed over 700% from the initial price of $0.009, early investors are in profit ahead of the launch. With another 50% gain anticipated on the launch date at an estimated price of $0.11, there is a window of opportunity to become early investors.
Meanwhile, a 50x upswing is projected after its scheduled listings on Tier-1 exchanges, making it arguably the best crypto to invest in at the current price of $0.073 in the 8th ICO round.
Its unique offering—an AI-powered trading platform—also drives interest. Besides integrating artificial intelligence across all levels, it will feature self-learning trading bots and advanced real-time processing tools to improve trading performance. These bots can give access to top-notch trading strategies, and more importantly, the platform will be supported by and compatible with the Ethereum and Solana blockchains.
Discover More About Intel Markets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
