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Bitcoinās fall below $60,000 earlier this week sparked an overall market decline. As it struggles to reclaim key support, sentiment has become largely cautious, pushing down prices of top altcoins like Chainlink (LINK) and Avalanche (AVAX).
Meanwhile, whales seeking a hedge against market turbulence and substantial gains have been betting on IntelMarkets (INTL). This emerging cryptocurrency is set to reshape the wider crypto trading landscape through a blend of AI and blockchain technology, driving interest.
IntelMarkets (INTL): Whales Bet Big on the New Exchange Platform
IntelMarkets (INTL), one of the latest and most promising ICOs, is on whalesā radars. It stands out for several reasons, from its unique and innovative narrative to its astounding growth prospects. This rising interest has pushed it past $220,000 in raised funds, just days into the presale.
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As an AI-powered trading platform, users will enjoy unprecedented computing power. In addition to harnessing AIās potential, advanced trading features and tools like bots, copy trading and 1,000x leverage on select assets will give users an edge in their trading journey. Interestingly, traders can manage multiple positions using the same collateral and trade everything from a single margin account.
With the global crypto trading market expected to reach $347 billion by 2030, it will gobble up a big share. The ongoing ICO is in the first stage and a token costs only $0.009āone of the best entry points. A 75x jump is projected by experts after its launch, outclassing top crypto projects like Chainlink and Avalanche.
Chainlink (LINK): Further Drop Below $10?
Chainlink (LINK) is among the most fundamentally solid cryptocurrencies. Its decentralized Oracle network links smart contracts with critical off-chain information, providing more innovative use cases for blockchain technology.
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Beyond the fundamentals, its performance these past few days has been underwhelming. Amid the wider crypto marketās decline and Bitcoin swinging low, the Chainlink price is in the red. On the weekly chart, it tumbled by over 9%, from a high of $11.4 to hovering above the $10 support.
Intensified selling pressure will likely push it further down. A Chainlink price prediction by a top analyst suggests a drop below $10 if BTC fails to flip the $60,000 resistance before the weekās end. Despite near-term bearish sentiments, LINKās long-term outlook remains bullish.
Avalanche (AVAX) Loses Key Support
Avalanche (AVAX), one of the leading destinations for DeFi solutions, is also among the top altcoins. It facilitates the creation of dApps, popular for its scalability and high transaction output. The recent price drop is a subject of much concern, with fear of further decline thick in the air.
In the past 7 days, the Avalanche coin saw an 8% decline. It tumbled from the weekly high of $24.7 to $21.7, losing key support. Some experts have been calling for further downswings below $20, with many already holding short positions.
On the other hand, more bullish analysts predict a breakout above $30. The coming days will determine the next move of the Avalanche crypto, although a Bitcoin rally will be critical to its ascent. Overall, AVAX is among the best coins to invest in, considering its solid fundamentals and growth prospects.Ā
Conclusion
While Chainlink and Avalanche trade on the downside, IntelMarkets has captured whale attention. Its unique narrative as an AI-powered trading platform sets the stage for massive growth, making it one of the best coins to invest in. The tokenās budget-friendliness, priced at $0.009, presents a low entry point.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
