Cardano Tops Online Poll Over Ethereum As Retail Traders Show Excitement for IntelMarkets

The largest cryptocurrency in the altcoin market, Ethereum, has been on a downtrend in the past month. The launch of Ethereum ETFs could not even attract more buyers to the market. It forced the Ethereum price to drop below the $2,500 mark.

However, Bitwise CIO says a turnaround could occur by November. In other news, Cardano was voted the cryptocurrency with the best technology ahead of Ethereum and Solana. Meanwhile, IntelMarkets is aiming to reach $500k in funds raised after smashing the $350k mark.

Bitwise CIO Remains Bullish on Ethereum (ETH)

Ethereum (ETH) has been struggling in the past few months due to the increased bearish sentiment in the market. Meanwhile, Matt Hougan, the CIO at Bitwise, in a recent memo, said its long-term fundamentals in sectors like the stablecoin and decentralized finance (DeFi) will allow Ethereum crypto to rise soon.

The analyst pointed out that Ethereum has the most active developers. It has the most active users and a market capitalization that is 5x larger than the next project. Hougan is optimistic that the market could improve as we move closer to the November elections in the United States. It will also help if the regulatory environment becomes clearer.

Presently, the Ethereum price is trading close to the $2,500 mark. The value of the altcoin has been trading between $2.2k and $2.8k over the past month. Analysts forecast that the Ethereum price USD chart has to cross the 50-Day SMA ($2,584.80) and 200-Day SMA ($3,131.43) for a bullish reversal.

Cardano (ADA) Outshines Ethereum and Solana in a Recent Poll

Cardano has been voted as the altcoin with the best technology based on a recent poll conducted by Weiss Crypto. It’s a leading cryptocurrency and financial services rating agency. The Cardano crypto got over 76% of the votes. It was way above Ethereum, which had 6. 7% and Solana, which had 8. 1%.

Cardano founder Charles Hoskinson responded to the result, saying, “Nice poll.” The Chang Hard Fork came earlier this month. The Cardano coin still continues to consolidate between a narrow price range on the monthly timeframe.

Data from CoinMarketCap shows the cryptocurrency’s price has remained between $0.3 and $0.4. The market cap of the Cardano token is also consolidating between $11 billion and $14.5 billion. If positive momentum returns to the market, we could see the coin price rising to the 200-day SMA ($0.465704).

Investors Interest Rises as IntelMarkets Crosses $370k

IntelMarkets, a dual-chain project, has experienced massive growth in its presale, raising over $370k and could smash $500k in September. IntelMarkets’ goal is to revolutionize perpetual futures trading by providing copy trading features, low fees, risk management tools, and lots more to traders. The perpetual futures market sees over $100 billion in daily transaction volume.

IntelMarkets is building a cryptocurrency exchange built on the Ethereum and Solana blockchains, allowing users to trade cryptocurrencies with speed and low cost. Each of the two blockchains offers unique solutions for IntelMarkets users; Ethereum offers access to DeFi applications, liquidity pools, and smart contract solutions, while Solana offers speed, cost, and scalability.

The traders can choose the blockchain that they want to use and then use it to improve their trading and boost their profits. IntelMarkets intends to offer new strategies that will enhance the trading services of every futures trader to the next level.

One of these ways is through its leverage options of 1:1000 so that traders can get the best value out of even the smallest price change in their favor. The trading platform also has numerous instruments like an AI bot, customized indicators, advanced charting software, a Multichannel analysis tool, and lots more.

Cardano and Ethereum Investors Throw in Support for IntelMarkets

Since the beginning of its cryptocurrency ICO, IntelMarkets has been attracting a lot of attention from Ethereum and Cardano investors. The native token, INTL, has already recorded a 100% increase to rise from $0.009 to $0.018. Analysts are optimistic about IntelMarkets and forecast their prices could increase by 5x in the coming weeks, making it a top crypto to buy.