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IntelMarkets sells 33M tokens in presale, drawing interest from Solana and Ethereum holders.
The crypto market is heating up. The UK announced a new bill that makes crypto assets personal property. IntelMarkets (INTL) is making a lot of ruckus in this space. It has sold over 33M INTL tokens in Stage 1 of its presale. Some Solana (SOL) and Ethereum (ETH) holders gravitate to it.
Although Solana saw an exciting Binance announcement and Vitalik Buterin cleared up his Ethereum sell-off, all eyes are on IntelMarkets. Keep reading to find out why.
Binance announces BNSOL launch
Solana has been seeing some exciting developments. For instance, Binance launched the BNSOL – a Solana liquid staking token. With this event, people can stake their Solana and get BNSOL that can be used to lend on the Binance products suite.
This bullish Solana news may cause interest in it to rise. Speaking of which, the Solana value has jumped 1% on the weekly chart. Additionally, Solana is trading above its 10-day EMAs. Due to all these factors, market analysts predict that the Solana crypto may trade at $140 before October 2024 ends.
Vitalik Buterin clears up Ethereum sell-offs
There have been many Ethereum sell-offs recently. But Vitalik Buterin decided to clarify these events. According to his X post, the most recent one, in which 190 ETH were sold, was caused by an automatic cowswap swap order. Buterin claims this order was made on August 29 and is the last one.
The Ethereum crypto value has fallen over 10% on the monthly charts. Additionally, Ethereum is trading below its 50-day EMAs while having an RSI of 40, which is in the neutral zone. Due to all this Ethereum news and signals, experts foresee this coin trading at $2,400 next month.
IntelMarkets set to change the crypto space
IntelMarkets (INTL) is quickly becoming a fan-favorite in the crypto space. Its ongoing presale has already raised over $250K and could hit $1M before the end of the month. This shows that people have a lot of faith and confidence in what IntelMarkets will bring.
Unlike other trading platforms, intelMarkets will introduce the first AI-driven smart trading platform. On it, people can use self-learning trading robots that improve their performance over time. With the help of these robots, all manual tasks that you would have to do on other platforms will be done automatically such as capital allocation or profit-taking.
The INTL native token is a big part of this platform. It is now in Stage 1 of its presale and costs $0.009. But, this price will rise to $0.018 after Stage 2 begins. This is a 100% return for all those who buy it now. Experts predict another 11x surge after a Tier-1 CEX lists INTL sometime in 2024. Given its ties to the AI market, which Statista projects will be worth $826B by 2030, this price prediction may come true.
Conclusion
While Ethereum and Solana are experiencing troubles, IntelMarkets is making a name for itself. Its team is backed by professionals from OpenAI and Renaissance Technologies, which is bound to make a difference. Plus, it has a smaller market cap than other top crypto coins and will need less money for its price to rise.
Since IntelMarkets also has a dual-chain functionality supporting Ethereum and Solana, experts remain confident in its long-term growth.
For more information, visit the IntelMarkets presale website or join the community on Telegram and X.
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