The crypto market swung low as Bitcoin (BTC) retested $57,000 earlier this week. Dragging down altcoins, Dogecoin (DOGE) and Avalanche (AVAX) tumbled, losing key price levels. While a comeback is on the cards, so are further downswings.
Meanwhile, whales have been shifting attention to presale tokens that hedge against market shocks and promise huge gains. Leading the pack is Intel Markets (INTL), a novel altcoin at the crossroads between AI and DeFi trading.
Intel Markets (INTL): Transforming the Crypto Trading Scene with AI and Dual-Chain Architecture
Intel Markets (INTL), a unique ICO that blends AI with DeFi, is among the most talked about. Its approach to crypto trading revolves around an AI-powered smart trading platform, aiming to reshape the $36 billion global crypto trading market.
The platform’s dual-chain architecture further sets it apart from conventional trading platforms. Supported by the Ethereum and Solana blockchains, traders can choose their preferred option, leveraging the strength of each. It stands out even more thanks to its intersection with Oracle, bridging the gap between blockchains and off-chain data sources.
Given the rising interest in this trailblazing DeFi project, the ICO has been selling out fast courtesy of rising whale activity. In just a few days into the presale, over $200,000 has been raised in the first stage. Priced at $0.009, it offers a low entry point while promising a higher significant upside potential than established tokens like Dogecoin and Avalanche.
Dogecoin (DOGE): Sentiment Shifts
Dogecoin (DOGE) leads the meme coin narrative as the pioneering meme coin. Inspired by a Shiba Inu, the dog-themed and fun-inspired cryptocurrency is among the top altcoins. Besides its memetic appeal, it lacks tangible use cases—critics’ biggest point.
However, its community is largely unrivaled in the crypto space, which continues to play a key role in its ascent. But with the wider crypto market sliding down, there are fewer motives or intentions to HODL. Instead, investors have been selling and diversifying to more promising narratives, pushing the Dogecoin price further down.
With selling pressure intensifying and interest in memecoins declining, a retest of $0.05 isn’t out of the question. Meanwhile, a bullish Dogecoin price prediction is optimistic about a jump past $0.1 before the week’s end, making it an altcoin to watch out for.
Avalanche (AVAX): Tumbled from a Week-High of $27 to $21
Avalanche (AVAX), a Layer-1 blockchain, functions as a platform for decentralized applications (dApps). Given competitive advantages like a higher transaction output and scalability, it is one of the most frequented destinations.
As the wider crypto market nosedived, so did the Avalanche crypto. On the weekly timeframe, it is down by over 15%, tumbling from a high of $27 to $21. Losing the $20 support will likely spark a cascading selloff toward $15, causing concerns among holders.
While a downswing is on the cards, so is a bullish reversal. An Avalanche price prediction hints at a jump past $45 before the month’s end, retesting levels last seen in April. Either way, it is a good crypto to invest in at the current price—the price drop is mere short-term fluctuations and the long-term outlook is bullish.
Conclusion
Amidst Dogecoin and Avalanche’s decline, whales have been paying special attention to Intel Markets. The rising whale activity pushed it past $200,000 in early funding. Set to skyrocket after its debut, it is a new DeFi project to watch out for in the coming months.
For the latest updates and information, visit the official Intel Markets Website.
