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Amid the latest market developments, investors are turning to Intel Markets as Solana and Toncoin face significant challenges.
As one of the fastest blockchains, the Solana network has attracted a lot of NFT developers over the last few months. However, in August, the number of NFT buyers and sellers on the network nosedived.
Also, a crypto analyst believes airdrops are painting the TON network badly. Meanwhile, investors are rushing to a new presale called Intel Markets. Analysts forecast those who join now will receive a 1,100% ROI after listing.
Number of Solana NFT buyers and sellers take a hit
According to data from CryptoSlam, the number of unique NFT buyers and sellers across the Solana network suffered a significant drop in August. The figures dipped by 34% and 24%, respectively.
Also, the overall transaction count on SOL was reduced by 48% to 1.1 million. The reduction comes at a time when the crypto market is battling bearish pressure. Even the Solana coin was not spared from the plunge.
The cryptocurrency is currently trading below the 50-Day SMA ($156.13) and 200-Day SMA ($147.85). However, analysts forecast the price of Solana crypto could reach $150 in the coming weeks.
Airdrops makes TON Network look bad, says analyst
In a recent tweet, an anonymous crypto enthusiast, cryptosanthoshK, told his followers the TON blockchain has been struggling recently. According to him, the emergence of airdrops has made the network look bad.
A case study is the recent downturn due to the DOG’s airdrop. Nevertheless, cryptosanthoshK said Ton remains the fastest blockchain in the world. He forecasted Toncoin price could rise to $10 if the team solved the issue with airdrops.
In the meantime, Toncoin crypto is trading below the 50-Day SMA ($6.46) and 200-Day SMA ($5.63). The cryptocurrency has been battling with bearish pressure in the past few weeks. The arrest of Telegram’s founder and the network downturn has not made matters easy.
Investors move to Intel Markets ahead of 1,100% price surge
Intel Markets, one of the leading ICOs in the market, is getting the attention of investors and experts today. Analysts forecast the price of its native token, INTL, will increase by 1,100% in the coming weeks. At its core, Intel Markets is here to enrich the world of crypto trading.
Per Spherical Insights, crypto trading has been on the rise. It is estimated that the global market will be valued at $347 billion in the year 2030. Intel Markets plans to lead this market. As a result, it is introducing an advanced smart trading platform that will provide traders with powerful trading tools.
In addition, there will be enhanced trading features like real-time market data, charting applications, and customized trading indicators. That is not all. Intel Markets has a flagship bot that traders can use to monitor market movements and predict price targets.
Most importantly, users can make even better bets with the possibility to leverage 1000x for the selected assets. Because of the potential this new trading platform has, there has been a surge of interest in its presale. In just the first week, Intel Markets has raised over $222k, with a target of $1 million by the end of September.
Solana and Toncoin investors flock to Intel Markets
Analysts are very optimistic about the potential of Intel Markets as it is one of the most advanced trading platforms to hit the market soon. They believe it would lead the crypto trading sector after its launch. This is why they believe INTL can surge by more than 1,100% from its current price of $0.009 to outperform SOL and TON.
To learn more about Intel Markets, check out the presale website and its Telegram and Twitter.
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