The crypto market is currently in a volatile period and this has impacted major cryptos – Ethereum and Solana. This price movement has been a great disappointment to investors who hold the two coins.
Consequently, such investors have shifted to other markets, such as Intel Markets. Market watchers are optimistic about this new token and forecast a 1,100% ROI for early backers.
Vitalik Buterin Makes Bullish Post for Ethereum (ETH)
The co-founder of Ethereum, Vitalik Buterin, made a bullish post for Ethereum lately. His tweet on X showed a picture of a bull holding a sign that read, “Ethereum is good.” The post created a little boost, but the momentum did not continue to rise as everyone hoped.
While the Ethereum price is bearish, analysts do not expect it to remain so. Michael Van de Poppe is one analyst who agrees with this push. He advised his followers that the Ethereum price USD chart remains bullish as long as the price stays above $2,500.
If this happens and positive momentum returns through ETH ETF, Poppe says the value of the cryptocurrency could jump to $3,150. Also, Coincodex’s Ethereum price prediction is bullish. They forecast the cryptocurrency’s price might increase to surge past the 200-day SMA ($3,234.26) to a new high of $6,674.41 in 2025.
Solana (SOL) ETF Approval Chances Looks Very Slim, Says Analyst
In a recent tweet on X, Bloomberg’s ETF Analyst Eric Balchunas commented on the recent issues surrounding several Solana ETF filings. According to him, they are all stuck in the second stage of approval due to delay from the US SEC
Based on this development, Balchunas noted that the chances of approval are very slim both this year and next year. The analyst said the only way things might change is if there is new leadership. In the meantime, the price of Solana crypto has been down in the past month.
The token has dropped below the 200-day SMA ($148.65) because of bearish pressure. Yet, analysts like Trader1sz are optimistic about the Solana price. They say it could increase to $188 soon.
Intel Markets Becomes the Dark Horse for Investors To Cling To
With the ongoing price decline in the Solana and Ethereum markets, investors are jumping to a new crypto project, Intel Markets (INTL). Although Intel Markets is just in the first phase of its presale, it has already made two notable achievements – raising $140k in funding and selling 17% of stage 1.
The reason for such huge adoption is the 1,100% ROI, which analysts forecast will occur in the coming months. Also, Intel Markets is building an AI-driven trading platform where users can enjoy smooth and top-notch trades at low fees.
The initiative promises to give perpetual futures traders the best trading experience with the latest state-of-the-art advanced analytics tools for real-time market monitoring and chart evaluation.
Intel Markets also has other impressive features, such as a high liquidity feature as well as a 1000x leverage. There are also risk management tools that users can leverage in order to make profits in the perpetual futures market, which had a trading volume of over $100 billion per day in 2022.
Why Solana and Ethereum Investors Are Turning To Intel Markets
Due to the bearish price movement of Solana and Ethereum, investors have been compelled to look for other assets. The next coin on their list at the moment is Intel Markets. Experts forecast the token’s price to increase by 1,100% in the future.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
The post Investors Run To New Coin That Has Raised $140k In Few Days As Ethereum and Solana Prices Fail To Pump appeared first on Blockonomi.
