A top analyst at CryptoQuant has seen an indicator on the Ethereum price chart that could spark the next altcoin rally. Meanwhile, Elon Musk wants to bring DOGE payment back to Tesla.
In other news, analysts have uncovered a new coin, Intel Markets, with 10x potential. This coin is in the first of its presale but has raised over $220k, as analysts believe it could transform the crypto trading space.
Ethereum (ETH) Price Remains Above Realized Price
A popular on-chain analyst at CryptoQuant, SunMoon, has observed a critical Ethereum indicator that could lead to the next altcoin rally. According to SunMoonâs chart at the time of analysis, Ethereum was trading at $2,522 while the Realized Price was at $2,210.
The Ethereum price has been on a decline for the past five months. However, it has managed to hold above its Realized Price as a support. This means that ETH could break out soon for the beginning of a bull market.
The analyst pointed out that in the past a bullish alt season has always followed this arrangement. In the meantime, the Ethereum coin is trading in the red zone on the monthly and weekly charts. Still, analysts say it could cross the 50-Day SMA ($2,931.99) soon.
Elon Musk To Bring Dogecoin (DOGE) Payment Back To Tesla Merch Page
In a recent tweet, Tesla CEO Elon Musk said he may be returning as a payment method on Teslaâs website. He responded âMeâ to an X user who asked if anyone would like Tesla to âreinstate the option ofâ accepting Dogecoin again for merchandise.
In the meantime, Dogecoin price is bearish on all timeframes except the YTD. The cryptocurrency is currently trading below the 50-day SMA at $0.113074.
Its market cap is fluctuating between $12 billion and $17 billion on the monthly timeframe. In terms of future price movement, the value of the Dogecoin token must cross the 50-Day SMA to begin an upsurge.
Intel Markets Shines in ICO, Raises Over $220k
Intel Markets (INTL), which has just joined the ICO market, has become a new favorite among investors. Although Intel Markets is new, it has raised over $220k, making it one of the fastest growing projects. These figures indicate that people believe in the project and its future. The reason for this is because of the advanced Intel Markets trading platform.
Intel Markets is in the process of building a revolutionary trading platform with new-generation AI-based tools to improve the efficiency and profitability of its users. It is set to be the most advanced perpetual futures trading platform in the market which sees a daily trade volume of over $100 billion, according to Arvix.
Users will also be able to choose between Solana and Ethereum blockchains, as Intel Markets was built on a dual architecture. They will enjoy high leverage, 24/7 trading, access to risk management tools, high liquidity, and more chances to make a profit. Meanwhile, Cyberscope has evaluated the platformâs smart contract to ensure it is safe.
Will Intel Markets Outshine Dogecoin Crypto in the Coming Rally?
Analysts say Intel Markets has the potential to outrun DOGE in the next bull run. They believe its increased activity and advanced trading platform make it a better coin to buy right now for future gains. While it currently trades at $0.009 per coin, experts believe it will hit $0.5 before DOGE.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
The post CryptoQuant Analyst Identifies Ethereum Indicator To Cause Altcoin Rally: Will Dogecoin and Intel Markets Soar? appeared first on Blockonomi.
