A recent price prediction for NEAR Protocol (NEAR) and Solana (SOL) shows that the established cryptocurrencies are bullish and set for another leg up in the near term.
However, the spotlight has captured a new cryptocurrency, IntelMarkets (INTL), which experts believe could experience a 100x upsurge during the imminent bull market as demand for the token grows.
Let’s find out what is fuelling the bullish sentiment around NEAR, SOL, and INTL!
Price Prediction for NEAR Protocol After Its 50% Rally: What To Expect?
NEAR Protocol’s performance in September 2024 has been nothing short of remarkable. Despite market ups and downs, NEAR’s price secured a 50% increase between September 6 and 24, rising from a low of $3.41 to an eight-week high of $5.36.
This rally was spurred by a number of critical factors, such as increasing user activity, network upgrades, and external market influences.
One of the primary drivers of NEAR’s recent uptick was the successful implementation of sharding on the NEAR Protocol blockchain. Cybercapital founder and CIO Justin Bons brought this development to light in an X post on September 23.
Justin provided a detailed explanation of the impact of sharding on NEAR Protocol, dubbing it the “holy grail of blockchain scaling” and adding that it solves the “trilemma” of blockchain for good.
In addition, according to NearBlocks.io, NEAR Protocol registered a 42% increase in daily transactions between August 25 and September 24 and a 30.8% surge in newly created NEAR wallets within the same time frame.
NEAR’s price has been up 27.10% in the last seven days to $5.55, with a price prediction for NEAR Protocol showing that a price rally is underway. According to the price prediction for NEAR Protocol, NEAR could smash the $6.00 price point ahead of the incoming bull market, rising 8.1% from its current level.
Expert Says Solana is “Ready To Go Again”
The latest analysis from Sheldon The Sniper suggests that Solana may experience a potential price upshift from its current level. As SOL prepares for a breakout from its descending trendline, it has sparked interest among traders and analysts.
Specifically, crypto analyst Sheldon The Sniper took to X on September 26, 2024, to share his stance, stating that Solana is “getting ready to go again.”
In his analysis, Sheldon highlighted key support and resistance levels that could determine Solana’s price action in the near term. The first resistance zone is at $152.25, which, if breached, could launch SOL to the next resistance at $190.00, indicating a 29.80% increase.
In the meantime, SOL is wallowing in a consolidation trend below the first resistance zone, making its next price move crucial.
Additionally, DeFiLlama has revealed increased activity within the network, involving 3.38 million active addresses and 36.77 million transactions within the last 24 hours. Solana’s TVL has also grown to $5.34 billion.
Meanwhile, SOL has risen 5.09% to $156.2 during the previous 24 hours. This means that SOL has breached the first resistance zone, and the token might be up for a rally.
Experts Predict IntelMarkets Could Attain Remarkable Heights This Bull Market
As the crypto industry anticipates a resumption of the bull market, experts claim that IntelMarkets could cap this run with a significant increase in its price. This prediction has drawn considerable attention to INTL amid its ongoing public presale.
IntelMarkets is a crypto trading platform for traders to speculate on the posterior behavior of any asset pair. In other words, the exchange is specifically built for perpetual contract traders, and its key functionalities distinguish it from its peers. One of these is its dual-chain approach.
IntelMarkets runs on Ethereum and Solana, using their powers to provide flexibility and scalability so that traders can enjoy faster and more cost-effective transactions and gain access to robust risk management tools and diverse digital asset pairs.
The platform also features advanced trading leverages, such as 1,000x, with which traders can balloon their potential profits.
Traders will also have access to enterprise-grade resources and tools, a diverse collection of tradable asset pairs, self-learning robots, and a liquidity pool to borrow funds at favorable borrowing terms.
Could INTL Run 100x This Bull Market?
Experts believe IntelMarkets could achieve 100x growth before the end of the bull market, beginning with its presale. INTL’s public presale is in Stage 2 and will launch into Stage 3 in a few days.
This advancement will be accompanied by a price increase from $0.018 to $0.027, indicating a 50% increase. A more elaborate projection, however, is the rally to its final presale price, which will deliver a 511% return to investors as INTL hits $0.11.
Furthermore, the official launch of INTL will be marked by exponential gains, considering its current rate of adoption among institutional players. As it holds more gain potential, it could soar 10,000% after its exchange listing, given the amount of visibility it will enjoy in the latest bull market.
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The post Price Predictions For NEAR Protocol And Solana: Experts Think IntelMarkets Could Be A 100x Runner In The Coming Bull Market appeared first on CoinChapter.
