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Geopolitical issues weigh on crypto; Solana and Cardano lose ground. Investors eye IntelMarkets as a potential 10x winner.
Table of Contents
Financial institutions favour Solana over Ethereum, Sygnum Bank report reveals
Cardano price plummets, September gains wiped out
IntelMarkets brings institutional-grade tools to retail traders
IntelMarkets gains attention from Solana and Cardano investors
In the middle of geopolitical issues, the crypto market has been in a bearish run, with top altcoins such as Solana (SOL) and Cardano (ADA) registering losses. But, investors are not holding back and are looking for the next big thing.
With increasing positivity around the potential “Uptober” rally, investors are going hard on a new 10x coin called IntelMarkets. Analysts have tagged it the best cryptocurrency to buy now during the bear market. They say it could see massive returns when the market starts improving.
Financial institutions favour Solana over Ethereum, Sygnum Bank report reveals
Recently, Sygnum Bank pointed out in its report that more and more financial institutions decided to switch from Ethereum to Solana, citing the issue of high scalability. Besides, many financial institutions have shown interest in the Solana network.
Visa is using it for USDC settlements, and Franklin Templeton intends to launch a mutual fund within the Solana ecosystem. In other news, the Solana coin has witnessed a massive downtrend.
According to data from CoinMarketCap, the value of the cryptocurrency has dipped 11% on the weekly chart. Solana crypto is not trading below the 50-SMA ($142.31) and 200-SMA ($146.75). Looking ahead, analysts are hoping the downturn will stop, and SOL will return to the $150 level.
You might also like: IntelMarkets may skip the queue to become bigger altcoin than Ripple and SUI blockchain
Cardano price plummets, September gains wiped out
Cardano, one of the top crypto coins, could lose its position in the market if the bear season continues. The token shocked the crypto market recently when it climbed to a monthly peak of $0.412.
Sadly, the uptrend did not last long, as the Cardano coin quickly dropped down the price ladder. The token’s market cap has also been reduced. It is consolidating between $11 billion and $15 billion on the monthly time frame.
Presently, Cardano crypto is trading below the 50-SMA ($0.356675), a sign of bearish pressure. Also, the 14-day RSI has plunged below the 50 level.
While the future looks bleak for Cardano ADA, analysts believe the network’s upgrades could attract more users in the future. This, in turn, might affect the value of the altcoin in the long run. We could see the token rising to a price of $0.5834 before the year ends.
IntelMarkets brings institutional-grade tools to retail traders
Intel Markets (INTL) is the first-ever blockchain-based enterprise-grade AI platform that gives retail traders access to grade tools and features. Intel Markets comprises tradable agents that are developed to execute excellent trading signals. This means that even a beginner trainer can make money from trading using the right tools and even adopting AI bots.
There is always some confusion when traders try to use standard trading interfaces. This is so because they usually send out many signals. Hence, while one indicator often displays a buy signal, the others may show sell signals. IntelMarkets has an Intell-ArrayTM tool that analyzes all these signals and provides a single, more accurate signal based on over 100,000 inputs.
Furthermore, IntelMarkets has a dual architecture and operates on two of the biggest platforms, Ethereum and Solana. This makes Intel Markets a good exchange that traders can use for fast transactions, low fees, and access to smart contracts.
For now, Intel Markets is in the presale phase. The INTL token is priced at only $0.027364 while realizing over $910k in funding. Because of the features above, analysts say IntelMarkets will become one of the largest AI-based projects in the future.
IntelMarkets gains attention from Solana and Cardano investors
Although geopolitical factors affect the cryptocurrency market in general, the anticipation of an Uptober rally is pushing investors to seek new investments. Solana and Cardano traders are accumulating IntelMarkets coins to recover their losses.
To learn more about Intel Markets, visit the presale website or join the community on Telegram and X.
Read more: IntelMarkets surpasses $900K raised as SHIB traders enter its successful presale
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