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A Wall Street analyst recently spotlighted Solana (SOL), Dogwifhat (WIF), and IntelMarkets (INTL) as top contenders with the potential for significant gains by the end of 2024. Let’s find out what these three tokens are offering and know why each has the potential to soar to new heights.
Memecoins & SOL: The Hidden Link Driving Value
Alongside the overall crypto market being up, Solana’s (SOL) trading at $180.98, is still surging, and the coming days are looking bright.
Some analysts are speculating that it may rise to $354.78 by the end of 2024, which would be a massive jump from its current price. Additional forecasts from renowned analysts suggest that SOL’s value might reach between $200 and $400 by the end of the year. These predictions paint Solana’s (SOL) future as bullish.
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Interestingly, there is an apparent link between Solana’s (SOL) growth and the memecoin market. The market for meme coins also gains a lot from Solana’s (SOL) growth and recognition as a potent alternative blockchain for decentralized apps.
Compared to other blockchains like Ethereum, the vibrant ecosystem on Solana (SOL) offers memecoins a fresh chance to move and profit from faster and cheaper transactions. It is therefore, not surprising that as long-term prospects continue to improve, more investors are looking to this sector for potentially large profits.
WIF Breaks Through Major Resistance – What’s Next?
Despite a difficult time in the broader crypto market, Dogwifhat (WIF) is still gaining traction in the memecoin market and appears to be on the brink of breakout.
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WIF’s recent stellar performance has flipped the entire WIF’s price trajectory as the currency has recently gained over 8.9% in the previous day and more than 7.6% in the last week, reaching to its current trading price of $2.65.
There was also a remarkable 86.80% increase in 24-hour trading volume of almost $560.01M. The coin recently broke above a major 3-day trend line, suggesting that the recent bearish trend may have been now concluded.
Source:CoinMarketCap
Dogwifhat (WIF) then retested after this breakout and started trading above a crucial resistance level that is currently serving as a support level. This support level has resisted negative pressures, maintaining WIF’s upward trajectory.
Analysts predict that WIF may go higher and maybe reach new highs if it maintains this level. According to others, this may be the start of the “memecoin supercycle” that would boost meme-based tokens in the upcoming year.
INTL $1.6M Presale: Why IntelMarkets Could Be the Next Crypto Unicorn
Another coin that has been listed by this Wall Street expert is this new underdog named IntelMarkets (INTL). This coin has been making strides in the crypto world with its continuous developments. This is a newly introduced project that stands at a crossroads between blockchain power and artificial intelligence advanced algorithms.
By merging these technologies into a single trading platform, IntelMarkets (INTL) is planning to revolutionize the $36B trading industry for all and once. This platform comes loaded with features like over 1000x leverage, AI-powered robots, an omnichannel processing system, quantum-proof security, and a lot more just to make your trading life easier and more profitable.
The project has collected over $1.6M in its presale funding, raising everyone’s eyebrows at the possible potential this project holds within. The presale is currently in stage 4, and each INTL token is for a mere $0.03, making it a perfect point to invest.
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
