Donald Trump has been accumulating Ethereum (ETH) over the past few weeks, causing people to wonder what his plan is with crypto. His World Liberty Financial just another $10 million worth of ETH amid the ongoing downtrend.
On the other hand, IntelMarkets (INTL), a relatively new AI-based coin, has risen by over 810%. It has caught the attention of investors looking for the best crypto to invest in. Meanwhile, the price of Cardano (ADA) has been on a downtrend in the past few weeks.
Trump Buys 10M Worth of Ethereum (ETH)
A DeFi project backed by Donald Trump, World Liberty Financial (WLFI), has reportedly bought more than $10 million worth of Ethereum (ETH). This latest purchase has taken WLFI’s Ethereum stake to 59,265 ETH, which is equivalent to about $182 million.
The decision is a sign of further belief in the Ethereum coin as a valuable investment for DeFi expansion. Interestingly, the purchase comes at a time when the Ethereum price is on a downtrend.
CoinMarketCap data indicates the value of the altcoin has dipped by 4.9% and 8.1% on the weekly and monthly timeframes. The cryptocurrency’s relative strength index has also fallen below the midline, signaling high bearish pressure.
Nevertheless, analysts like Kamran forecast the Ethereum crypto price could surge to $8k in the coming weeks. However, the cryptocurrency must break past the resistance of around $4k first to increase the chances of reaching $8k.
Cardano (ADA) Price Remains Bearish
With a weekly loss of 6.3%, Cardano (ADA) continues to trade below the $1 level. The cryptocurrency has been on a downtrend since hitting resistance around $1.15. Technical indicators also reveal that the Cardano coin is under bearish control.
The cryptocurrency’s relative strength index is below the midline, which means selling pressure. Also, the Cardano price has dropped below the 50-SMA ($0.987593) which could act as a strong resistance in the case of an uptrend.
Nevertheless, the Fear and Greed Index is still high. It displays Greed, indicating that investors’ sentiment is still high. FLASH forecasts the price of the Cardano crypto could surge to $2.4. In the coming months.
According to him, a potential ETF filing could lead to a price surge. Besides, no company has filed for a Cardano (ADA) spot ETF. Meanwhile, the Cardano Foundation revealed the Plomin hard fork has taken effect. This fork marks a transition to a fully decentralized governance platform.
IntelMarkets (INTL) Bridges AI and DeFi Together
IntelMarkets (INTL) is a new-generation trading platform that combines the use of artificial intelligence and decentralized finance technologies in the cryptocurrency market. The platform provides a set of AI-driven tools that can help traders make the right decision. The foundation of IntelMarkets is its Intelli-M™ AI trading bots that analyze more than 100,000 data points to give market data in real time.
These bots adapt from previous trades, and they get better and better in assisting traders to make the most out of the market without having to check on it all the time. Also, the Multichannel Analysis tool of the platform analyzes technical data from multiple markets within seconds.
This feature enables the trader to easily determine and capitalize on the opportunities that are available in the market. Also, IntelMarkets functions on both Ethereum and Solana networks. This approach provides its traders with the reliability of Ethereum’s DeFi market and the speed and low cost of Solana.
This dual-chain system offers flexibility and efficiency in trading activities. IntelMarkets has attracted much attention and has already raised more than $7.7 million during the presale. The INTL token is trading at $0.082455 and is a good cryptocurrency to buy before the AI boom begins.
Is IntelMarkets The Next Best Crypto To Buy?
While Cardano (ADA) price drops, IntelMarkets has emerged as the real winner of this market correction. The fact that it has grown by over 810% and is powered by AI places it in a perfect position for the next big crypto boom. So, investors looking for a top crypto to buy for potential 10x returns should consider INTL.
For more information about IntelMarkets (INTL) visit the links below:
Presale: https://intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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.