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Toncoin declines over 40% from ATH, sparking uncertainty about a new peak. Meanwhile, Intel Markets, a new AI coin, could be the next to hit a $1 billion market cap, outshining Dogecoin.
The crypto market’s performance in the year’s first half dwarfed the second. Some of the biggest highlights are Bitcoin’s all-time high and the March meme craze. With Q4 underwhelming so far, analysts are toying with the idea of a Toncoin (TON) new ATH before the year’s end.
Meanwhile, attention is quickly shifting to new and promising altcoins. Intel Markets (INTL), a novel AI altcoin, is one such capturing investor interest, tipped to hit a $1 billion market cap. It has become an investor favorite over Dogecoin (DOGE) with limited upside potential.
Intel Markets: Primed to hit $1b market cap
Intel Markets is a new AI altcoin on the cusp of shaking up the crypto market. Its unique value proposition revolves around an AI-powered trading platform, aiming to transform the $36 billion global crypto trading market.
Given its novelty and impending adoption, it is tipped to become the next AI coin to reach a billion-dollar market cap. At its current price of $0.045 in the fifth ICO round, it is a new DeFi project to bet on. With investors not wanting to miss out, a whopping $1.6 million has been raised in early funding.
Its unique AI-powered trading platform will be a shift from the norms—the first modern-gen exchange to integrate AI across all levels. Moreover, its trading robots will be unlike any in the crypto trading scene, designed to give access to top-notch trading strategies while performing rigorous calculations in seconds.
Toncoin: Is a new peak on the horizon?
Toncoin, the Telegram-based cryptocurrency, is one of the top altcoins. It ranks among the top ten cryptocurrencies, highlighting its leading status. Moreover, its ecosystem is rapidly growing thanks to the rising adoption of tap-to-earn games.
Its performance was among the most remarkable in the year’s first half. The Toncoin price hit an all-time high of $8.24 on June 15 but has tumbled over 40% since then. It recently fell below the $5 support, retailing at $4.8—a 3% decline in the past seven days.
However, the raging question within the Toncoin community is whether a new peak is on the cards before the year’s end. TradingView’s MACD level (12, 26) is at −0.13, a bearish signal. With the possibility of further downswings, a downturn below $4.3 might play out first before a strong uptick.
Dogecoin: On the upside
Dogecoin is the leading memecoin, standing out for its pioneering status. The first dog-themed cryptocurrency has risen to the ranks of the top crypto coins, ahead of popular names like Toncoin and Cardano on the altcoin list.
Despite lacking real-world applications, it is among the best altcoins, gearing up for a new ATH. The Dogecoin price increased over 5% on the weekly chart, changing hands above $0.15. The past 30 days saw over 35% gain, suggesting growing interest in memecoins.
Meanwhile, the Bull Bear Power is at −0.00047, a buy signal, as is the simple moving average (20), which is at 0.14715. This hints at further upsides, positioning Dogecoin among the best coins to invest in. However, Bitcoin tumbling further might see DOGE drop below $0.13.
Conclusion
Considering the over 40% decline from Toncoin’s all-time high, a new peak before the year’s end isn’t certain, especially with recent downswings. Meanwhile, Intel Markets, a new AI altcoin, has captured investor interest, aiming for a $1 billion market size. On track to outclass Dogecoin, it is a promising wave worth riding.
To learn more about Intel Markets, visit the presale website, the official website and Telegram.
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