Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Intel Markets is drawing in Solana and Cardano users with its smart and unique trading platform.
Despite the rise in whale activity and staking, the price movement of the Solana coin has stalled, failing to break above the $160 resistance. Also, Charles Hoskinson believes Cardano is the most secure blockchain.
Meanwhile, Intel Markets, a new trading protocol, has captivated the attention of Solana and Cardano investors. Analysts say the value of Intel Markets will rise by 10x in the coming months.
Whale buys $4.56 million in Solana and stakes it
The crypto market has been on a rollercoaster in the past few weeks. While some coins like SOL are showing gains, others are showing losses. According to data from Lookonchain, a whale purchased 28,717 SOL ($4.56m) from Binance recently.
After the purchase, the whale staked everything. This move shows the whale is bullish on Solana coin. They believe the price of Solana tokens could pump in the coming weeks. At the moment, the cryptocurrency has a gain of 8.9% on the weekly chart.
Its market cap is oscillating between $50 billion and $90 billion. Although there is a loss on the monthly level, market experts say the Solana price could skyrocket in the coming weeks if it crosses the $160 resistance. Coincodex predicts a potential rise to $ 181.40 as long as Solana remains above the 50-day SMA ($155.57).
Cardano is the most secure blockchain, says Hoskinson
While speaking at an opening keynote on Rare Evo 2024, the founder of Cardano, Charles Hoskinson, talked about ADA and Hydra. The crypto enthusiast said the Cardano network is the most secure blockchain.
According to him, Cardano can never go down because it is like a tank. The latest news comes as the Cardano coin meets strong resistance at $0.4. The token is still showing positive momentum on the weekly and biweekly levels.
However, there is a loss on the monthly chart. Cardano has recorded 15 green days during this period which is a bullish sign. Its market oscillated between $10 billion and $16 billion during this period. The Cardano price could rise to test the 50-Day SMA ($0.383203).
See what Intel Markets offers to investors
Intel Markets is making waves in the crypto trading platform market, which is worth over $36.5 billion. The AI-based platform allows its users to trade different assets like SOL and ADA without much stress. Intel Markets offers fast transactions and trades, low fees, high throughput, high security, and access to large liquidity pools thanks to its dual-chain architecture.
This dual-chain approach allows traders to pick between two blockchains, Solana and Ethereum, whenever they are using the Intel Markets. In addition to this, Intel Markets houses state-of-the-art advanced trading tools like charting software, and 1000x leverage.
There is even a copy trading feature, which is a huge selling point for newbies who want to learn how to trade and earn at the same time. Currently, in the first stage of its presale, where it has raised over $160k, Intel Markets’ INTL coin is expected to see a growth of over 10x.
Why are Solana and Cardano enticed by Intel Markets?
Intel Markets has the latest advanced trading tools which some platforms are yet to embrace. These tools ensure that traders get the best trading experience and can take advantage of opportunities.
To learn more about Intel Markets, check out the presale website, and its Telegram, and Twitter.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
