In an absolute show of investor confidence, Intel Markets (INTL) has just sprinted past one of its first fundraising goals, raking in an impressive $125,000, leaving the competition in the dust. This AI crypto newcomer is turning heads and opening wallets while top-tier analysts wave caution flags for PEPE and Solana (SOL) investors.
As meme coin enthusiasts and blockchain aficionados nervously eye their PEPE and SOL holdings, Intel Markets (INTL) seems to be basking in the limelight of its rise. So, what’s leading this shift in the crypto world? Is Intel Markets (INTL) the new golden child of digital finance, or are PEPE and Solana (SOL) under some sort of temporary headwinds?
PEPE Struggles: Can it Recover its August Losses
In May, during the peak of the meme market, PEPE reached its highest point of $0.00001725. However, whales have been on a profit-taking spree, causing the PEPE price to fall for over three months.
PEPE was hit hard by the August 5 crypto wipeout, plunging as low as $0.00000585 before rebounding to trade in the $0.0000081 range by August 20. Despite the rise, PEPE was still down more than 53% from its all-time high and more than 35% below its monthly low. Nevertheless, PEPE is beginning to show some life as seen by the 3.72% increase in price over the last day.
As whales lock up profits to reinvest in the next great cryptocurrency in the $0.0000086 range, PEPE is expected to continue experiencing significant resistance.
Whales’ Withdrawal Triggers Bearish Momentum for Solana (SOL): What’s Next?
Solana’s token (SOL) had the worst losses last week, with withdrawals of around $39 million. Solana’s price dropped by 0.92% intraday to $143.90 today due to a steep reduction in the meme coin trade.
Although Solana’s weekly trend is neutral, the daily SOL/USD data indicates a significant bearish momentum. Though Solana is presently trading below both its 50-day and 100-day moving averages, investors aren’t giving up just yet because the cryptocurrency is still able to hover above its 200-day EMA.
In the next weeks, if Solana falls below the closest support at $130.46, it could be time to say goodbye to SOL before it collapses to the $89.29 support.
Intel Markets (INTL) Presale Soars, Raising $125K
Intel Markets (INTL) is a cutting-edge trading platform that is anticipated to revolutionize the trading world. The platform, which is backed by seasoned professionals from Google, OpenAI, and Renaissance Technologies, will make AI trading more accessible to retail users.
The platform is the first enterprise-scale solution to merge blockchain technology with artificial intelligence, and it incorporates over 100,000 data points to fuel the trading robots. Intel Markets (INTL) has begun strong in the market, raising over $550,000 from institutional investors in a private seed round.
Crypto fans are thrilled with the platform’s capabilities, which include multichannel analysis, autopilot trading robots, and real-time data processing. These features will enable retail traders to recognize market opportunities and earn at unprecedented levels.
Following the success of its private seed round, the platform recently launched a public presale. The public presale received the same tremendous response as the private seed round. The presale raised more than $125,000 in only a few days.
The INTL token is now available for an incredible price of $0.018, but it is likely to soar as the presale unfolds. Intel Markets (INTL) is considered to be a significant rival to many of the industry giants because of its current infrastructure and robust technological stack.
Join the Movement:
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.