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Amid anticipation for the altcoin season, questions have erupted about whether Solana (SOL) hitting an all-time high can spark the much-awaited rally in the altcoin market. Meanwhile, the spotlight has shifted to IntelMarkets (INTL), Sui (SUI), and Dogecoin (DOGE) as the best coins to have in the portfolio prior to the altcoin season.
Let’s find out whether SOL will lead the altcoin rally and if, truly, INTL, SUI, and DOGE are the best altcoins to invest in before it happens!
Expert Believes Solana May Surge to $220 as Key Indicators Line Up
A crypto chartist foresees a prospective 40% rise in Solana’s current price, drawing attention to technical indicators lining up for a bullish breakout. As the asset gains upside momentum, RichRangatang, a prominent crypto analyst, sees SOL poised for bullish movements in the near term.
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RichRangatang shared this observation via TradingView on October 1, 2024, noting that Solana’s SOL is gearing up to break through a key resistance level that could lunge the price to an ambitious height.
He cited the convergence between the RSI and the RSI-MA14, as well as the MACD line crossing over the signal line, as the precedents for his bullish projections.
According to the analyst, Solana could hit $220, a 40% increase from its current value, if SOL’s price action matches what the indicators highlight. Solana is now trading at $156.37 after a 6.81% increase over the last seven days.
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IntelMarkets Introduces AI to Futures Trading
As a perpetual contracts exchange, IntelMarkets is introducing innovative solutions to scale up users’ trading experiences. The platform aims to help traders augment their potential returns and polish their trading strategies by incorporating AI tools and resources, among other things.
IntelMarkets also adopts a perfect dual-chain meld involving Ethereum and Solana, using their powers to provide users with an unmatched level of flexibility and scalability. By integrating Ethereum, IntelMarkets users will have access to liquidity pools, smart contracts, and DeFi applications. Meanwhile, Solana will make the platform process transactions faster at lower fees.
On top of that, IntelMarkets users will be able to trade any asset pair with up to 1,000x leverage, bolstering their potential gains. Also, with its favorable borrowing terms, investors can borrow liquidity to enter traders or hedge their positions.
With the altcoin season approaching, INTL has captured attention as a viable cryptocurrency to invest in for maximum returns. This sentiment stems from the 511% gain after the altcoin hits $0.11 at the end of its ongoing presale. For context, INTL is currently available in Stage 2 of its public presale at $0.018.
Sui Rises to Top 20 After the Bridge Launch
The Sui Foundation has launched a bridge on the asset’s mainnet to create a link between the Sui blockchain and the Ethereum chain. Sui Network announced this development in an X post on September 30, 2024.
With the bridge, users can transfer assets from Sui to Ethereum and vice versa smoothly. This concept will solve the challenges of scalability and interoperability, which is the new paradigm in Web3.
Following the bridge’s debut, SUI registered a 10% surge in its market value, rising to $1.74, its current price. At the same time, the asset climbed to the 20th position among the largest cryptocurrencies by market capitalization, displacing Litecoin.
Dogecoin Whales Return With $1 Billion in Inflow
Recent data shows whale investors are returning to the Dogecoin ecosystem, which could spur a rise in its price. According to IntoTheBlock, DOGE’s whale transaction volume rose 62.78% from 4.81 billion DOGE to 7.83 billion DOGE.
In monetary terms, this volume represents an increase from $612.38 million to $931.55 million. The spike in Dogecoin’s volume was accompanied by a U-turn from a six-month downtrend, enacted by a breakout.
With October considered to be a bullish month, market players anticipate further gains for Dogecoin. At present, DOGE is trading at $0.11, up 9.30% over the last seven days.
SOL Likely to Lead Altcoin Rally Alongside INTL, SUI, And DOGE
Dubbed Ethereum-killer, Solana is expected to instigate the long-anticipated altcoin rally if SOL hits an all-time high. Also, INTL, SUI, and DOGE will also experience substantial price increases as investors accumulate these top crypto coins.
Hence, experts believe these altcoins are must-haves for investors looking to milk the imminent altcoin season. According to them, INTL holds the best potential because of its focus on bringing AI to the crypto sector. Fortunately, the INTL presale is live and you’ve the opportunity to become a part of the innovative platform right now!
