A new dual-chain token, Intel Markets’ (INTL), is generating massive hype, with many comparing it to Shiba Inu’s (SHIB) meteoric rise in 2021. With a Fortune 500 team backing this innovative project, experts predict it could deliver 100X returns this cycle.
With its presale gaining traction, this token is attracting attention from investors seeking the next big crypto opportunity. Could it be the next Shiba Inu?
Shiba Inu (SHIB) Burn Rate Soars by 340% as Millions of SHIB Are Sent to Dead Wallets
In a recent update, the Shibburn wallet monitoring website revealed that one of the key parameters for Shiba Inus, the burn rate, had spiked by hundreds of percent in the previous day.
The overnight transfer of millions of meme currencies to burn blockchain wallets is responsible for this. At the same time, there has been a huge spike in the price of Shiba Inus.
The daily SHIB burn rate has increased by an impressive 340.27% in the previous 24 hours, according to the SHIB monitoring site. After yesterday’s 2,516,677 SHIB, when this burn measure indicated about minus 20%, the amount of meme currencies held in the unspendable blockchain addresses has skyrocketed to 11,080,178.
According to the data source, seven burn transfers have been recorded so far, with the biggest one holding a total of 10,007,448 SHIB. Not a single deal was worth more than a million Shiba Inu coins.
Ethereum (ETH) Price Could Surge Following Coinbase’s Launch of cbBTC
Coinbase recently launched cbBTC (and also an ‘unstable’ version that reacts to market fluctuations) – an ERC-20 token that represents ownership of Bitcoin (BTC) backed and held in Coinbase’s custody. It essentially opens up the Bitcoin market to all dApps on both Ethereum (ETH) and Base networks that accept ERC-20 tokens. This is huge – and it could send Ethereum soaring.
For the first time, this giant of the crypto world will be able to offer Bitcoin holders entrance into its burgeoning DeFi ecosystem. The action may see an increase in demand for Ethereum as Bitcoin owners attracted into utilizing Ethereum (ETH) services migrate.
The price of Ethereum (ETH) finds itself at the moment in a key resistance area of $2,400 after some unknown buyers tried here once again to tag and flip this zone for support. However, our market still does not have enough momentum to make a decisive move by either side. Sellers still hold sway over the market, but there’s hope for the bulls, as the price hasn’t made a lower low recently, suggesting a possible reversal.
Intel Markets’ (INTL): The Next Shiba Inu? Dual-Chain Innovation and 1000x Leverage Poised for Massive Gains
Intel Markets’ (INTL) could be the next Shiba Inu (SHIB) of crypto, as it has a function similar to that of SHIB. Following the ‘dual-chain’ architecture, INTL allows traders to use the Ethereum (ETH) and Solana blockchains on the same day to carry out transactions and utilize their strategies and requirements. This dual-chain architecture makes Intel Markets one of the most flexible platforms in the market.
This by itself is enough to distinguish Intel Markets’ (INTL) from the rest as, unusually, it might offer up to 1000x the capital leverage. This means that you will easily get a larger exposure to the markets than your initial capital would allow – ultimately resulting in much higher potential profits.
Furthermore, Intel Markets combines AI with its own Layer-1 blockchain in order to bring the power of machine learning to decentralized finance (DeFi). It enables users to execute automated trading strategies, AI-assisted cost averaging and next-generation arbitrage opportunities.
With a Fortune 500 team driving the project and the potential to revolutionize how traders interact with the market, Intel Markets’ (INTL) has the hype, innovation, and backing to mirror the meteoric rise of tokens like Shiba Inu (SHIB).
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