Once established projects like Polygon (MATIC) and Cardano (ADA), are now facing headwinds from the ongoing market volatility and investors are left disappointed seeing their bleeding portfolios. Meanwhile, the broader crypto market suffers from volatility, an emerging project has caught all the attention.
IntelMarkets (INTL), is the emerging star that has taken over the crypto world by storm with its revolutionary approach. IntelMarkets (INTL) aims to change the traders perceive trading by bringing in AI-powered trading for investors of every level through its cutting-edge AI-trading platform. Let’s take a deeper look at these ongoing trends.
Polygon (MATIC) Struggles After Discord Breach and Market Crash
For the past three days, Polygon (MATIC) has been range bound consolidating between $0.46 to $0.5. This was followed by a massive price decline which is being attributed to two major events that shocked the Polygon (MATIC) community.
Firstly, the security breach of the Discord channel resulted in $150,000 in losses, and secondly, massive liquidations following the August 28th market fall.
Polygon (MATIC) has lost more than 19% of its value in the previous seven days as investor interest and trading activity have declined. Despite the increased excitement in the community with the announcement of two major exchanges supporting its POL transition, the price trend is not being significantly affected.
Although Polygon (MATIC) might show a positive reversal above the $0.5 support level, there is still a chance for additional bearish movements, which are fuelled by a turbulent market and ongoing fraudulent activities.
Cardano’s (ADA) Bullish Wedge Breakout Attempt Failed: What’s Next?
Over the last week, the Cardano (ADA) price appeared to be breaking out of a bullish descending wedge. However, shifting market conditions did not allow ADA to surge, holding off its potential breakthrough and even invalidating it with a 7% drop.
ADA’s failure to break out during crucial market rallies has resulted in a severe drop in investor trust. Over the last month, the transaction volume of large ADA investors has decreased by 32%, from $7.81 billion to $5.26 billion. This decline in crypto whale activity is indicative of a decline in interest and might have a negative impact on the price of ADA.
However, declining optimism makes Cardano’s price vulnerable to a decline to $0.31, which would exacerbate the downturn.
IntelMarkets (INTL) Raises $180,000 in Presale: A New Investor Magnet?
In the decentralized world, new platforms with superior technology and innovative concepts are always welcomed. Powerhouse IntelMarkets (INTL), a project focused on artificial intelligence, is now dominating the world of cryptocurrency.
Thousands of traders have shown interest in this innovative platform despite the platform being in the early stage of development and marketing.
The platform’s most well-liked feature is IntelMarket’s (INTL) multi-channel analysis, which combines data sources from multiple places, generates precise trading signals, and lets users execute trades from a single interface. Investors can also get support with allocations, risk management, and position sizing from the trading robots on the site.
The IntelMarkets (INTL) exchange is being referred to by analysts as a potential “dark horse” in the cryptocurrency space following reports of a partnership with GPU giant Nvidia. It is anticipated that the platform will provide traders with state-of-the-art computer technology.
As the platform launched its first stage of presale, Investors have already put more than $180,000 into IntelMarkets (INTL) at the $0.009 price point, which is proving to be very appealing. In the second presale round, the price is anticipated to rise to $0.018, with early investors potentially earning up to 200%.
Discover More About Intel Markets:Presale: https://intelmarketspresale.com/Buy Presale: https://buy.intelmarketspresale.com/Telegram: https://t.me/IntelMarketsOfficialTwitter: https://x.com/intel_markets
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