Since the start of the year, Japan’s currency has been the worst performer among all the G10 countries; the Yen fell to 140.61 to the dollar. Therefore, the Japanese company Remixpoint decided to buy Bitcoin, Avalanche, Solana (SOL), and Ethereum (ETH) in order not to reduce its exposure to the Yen.
It spent about $5.25 million to purchase the top crypto coins. Meanwhile, a new cryptocurrency is gaining attention in the crypto market. The new entrant, IntelMarkets aims to give retail traders access to advanced trading tools which will increase their chance of making profits.
Ethereum (ETH) Battling With Rejection and Sell-Off
Ethereum (ETH), the second-largest cryptocurrency by market cap, has been trading between $2.2k and $2.7k in the past month. Its price movement has left investors disappointed, considering its status as a major cryptocurrency.
However, the sentiment surrounding the Ethereum coin is currently bearish. It has faced rejections at higher price levels and suffered huge sell-off pressure from bears. A recent tweet from Lookonchain reveals an unknown address sold 22,480 ETH in the past two days.
Still, analysts are still bullish about the Ethereum price. They believe the altcoin is gathering momentum and will pump higher in the coming weeks. Possible targets include $2800 and the 200-SMA at $3,101.22. Meanwhile, analysts like EtherNasyonaL say the Ethereum crypto is set for a massive rally and could jump to $8k soon.
Solana (SOL) Price Forecast
Solana (SOL) bulls have been accumulating small gains over the past week. The value of Solana crypto has risen by 5% on the weekly timeframe and 18.1% on the biweekly and monthly charts.
The token is currently trading above the 50-SMA ($142.30) and 200-SMA ($146.78), a sign that bulls are in control. If the Solana coin price continues to rise higher, we might see the cryptocurrency reaching the $180 mark before November.
Besides, analysts are bullish that the Solana price could reach new highs in the coming months. In a previous post, Ali Martinez forecasted the value of the coin could reach $1,000 soon.
IntelMarkets (INTL) Wows Crypto Traders With Upcoming AI-based Trading Bots
A dual-chain trading platform, IntelMarkets (INTL), has entered the market. It aims to empower retail traders with advanced trading tools and Artificial Intelligent bots. The purpose is to give them a good chance of making more profit. IntelMarkets offers fast transactions, low fees, and high liquidity to its users.
The AI bot is the main instrument of the IntelMarkets’ platform, which is self-learning. This bot was created by some very skilled engineers who had previous work experience with such companies as OpenAI, MIT, and even Goldman Sachs.
In turn, users of IntelMarkets will be able to watch the changes in the market, estimate the risks, and determine what strategies and risk management approach the AI bot should employ. Besides the bot, IntelMarkets is one of the most secure and efficient trading systems in the worldwide $36.5 billion cryptocurrency trading market.
However, the biggest part of the ecosystem is the native token, INTL. In its crypto ICO, IntelMarkets has pulled in over $730k. This cryptocurrency has attracted many uses on the platform and is priced at $0.018. This is a 100% rise from the initial price of $0.009. Analysts say that the value of INTL could rise to 10x before the end of this year.
Final Thoughts
As the Japanese Yen loses value, companies are on the lookout for better investment opportunities; they are investing in cryptocurrencies such as Solana (SOL) and Ethereum (ETH). However, the launch of a new promising 10x coin, IntelMarkets, is an opportunity for investors to increase the value of their portfolios.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
