Polygon (MATIC) has been a leading force and has pretty much always stayed in the top 20 since the beginning. It is, however, losing some ground right now. This plummet has sent shockwaves across the crypto community and has investors wondering what lies ahead for this once-bright platform.
But coming out of the shadows, a very unlikely contender is slowly taking over. Litecoin (LTC), a dying cryptocurrency, has suddenly caught fire fueled by an association with this AI-fueled coin Intel Markets (INTL) boasting immensely improbable returns.
This bizarre marriage has forced both investors and traders to try and make out what is being held out for the larger market. Let’s dive into the details!
Is This the Bottom for Polygon (MATIC)? Whale Activity Suggests Otherwise
Polygon (MATIC), once a high-flying altcoin, has been caught in the crosshairs of the broader cryptocurrency market downturn. The altcoin hit an all-time high of $2.92 on December 27, 2021, but has since experienced a significant correction. Over the last month, it has given up almost 20% in value, reflecting the overall volatility of the market.
While Polygon (MATIC) faces strong bearish pressure, another story altogether is shaping up at the back which is making things more interesting. According to data from Santiment, whales are actually accumulating MATIC holdings aggressively. Large investors’ accumulation of MATIC at this juncture presents an interesting anomaly against a market-wide sentiment.
As seen from recent transactions, major holders are very active when the price dips. This pattern makes one understand that major holders are accumulating MATIC strategically and do not support panic selling.
If the current downward price trend accelerates, MATIC may drop lower to the support level of $0.38. Further selling pressure could drag the price to $0.35.
Conversely, a rise above the $0.42 resistance could suggest a bullish trend reversal. This might trigger MATIC above a crucial resistance area of $0.45. The price could keep climbing further above the $0.55 level on sustained bullish momentum.
Whales Stocks Up Millions: Is Litecoin (LTC) on the Verge of Bull Run?
Litecoin (LTC) shows a surge in whale accumulation. Over the past week, the number of whales holding over 1% of the supply surged drastically. Further evidence of rising confidence in the future prospects of LTC is its more buying pressure coming from these key investors.
According to on-chain data, whales and large investors have a huge 48% stake in LTC. While this might be quite great for long-term growth, in a bear market, it acts like a double-edged sword, with only a few entities causing swings in price.
Reflecting this bullish sentiment, LTC has climbed 8.28% over the past week, currently trading at $66.24. If this current trend of whale accumulation is sustained, Litecoin can prove to surge further up and show some massive gains.
Intel Markets (INTL): The Future of AI Trading?
While the crypto market wrestles with the volatility of major assets like Polygon (MATIC), and the surprising surge of Litecoin (LTC), a new player is about to appear that will redefine the whole trading landscape.
Intel Markets (INTL) is a cutting-edge platform backed by a team of giants from known places such as Google, OpenAI, and Renaissance Technologies to democratize AI trading for the masses.
Intel Markets (INTL) is creating a powerful tool by combining blockchain technology with artificial intelligence (AI) algorithms, enabling traders to process more than 100,000 data points for information on where and when to trade.
This is a quantum leap beyond the traditional methods of trade, allowing a retail investor access to some of the most sophisticated strategies usually reserved for institutional giants.
The overwhelming support is evidence of the revolutionary potential of this platform. With over $550,000 raised to date in its private seed round, Intel Markets (INTL) is quickly gaining attention in the crypto world. Features such as multichannel analysis and autopilot trading robots put crypto enthusiasts on the same playing field as their peers.
At $0.08 per token, early investors can take advantage of the low cost to make massive profit gains. Intel Markets (INTL) isn’t another new crypto; it’s a disruptor with plans to compete against established heavyweights.
Discover More About Intel Markets:
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Buy Presale: https://buy.intelmarketspresale.com/
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