Recent data reveals that the daily Ethereum transactions have decreased since the bears remain in control of the market. Also, the holding time of Shiba Inu has also seen an upward trend in the past month while its price dips.
Meanwhile, Intel Markets is showing a massive price surge. It has raised over $190k in the first stage of its presale as investors jump on the AI-powered perpetual trading platform.
Ethereum (ETH) Daily Transactions Plummets
According to data from IntoTheBlock, the number of daily ETH transactions worth over $1 and $19 monthly has dipped by 20%. Similarly, the net flow of large holders for the Ethereum crypto has dropped by 77%.
Meanwhile, Ethereum’s Moving Average Convergence Divergence (MACD) is showing bearish signs; this could lead to massive sellouts in the future. In the meantime, the price of the Ethereum coin is oscillating between a low of $2k and $3.5k. In terms of losses.
The ETH market cap is moving between $250 billion and $425 billion on the monthly timeframe. Given the bearish movement in the crypto market, analysts predict that the Ethereum price will rise to $4k in the coming weeks. However, a bearish move will invalidate the creators’ prediction.
Shiba Inu (SHIB) Holding Time Pumps, Price Remains Bearish
According to analysts, Shiba Inu is under pressure in the bearish market. Data from IntoTheBlock shows that Shiba Inu’s coin Holding Time has increased by 42% over the last week and by 107% in the previous 30 days. Holding Time is a bullish signal that shows how long investors keep their assets without selling or trading them.
On the flip side, the Shiba Inu coin has been on a downward slope in the past few months. The downward movement shows that Shiba Inu crypto failed to maintain this bullish rally. It reached at the beginning of the year.
Currently, the price of the Shiba Inu token is down on the weekly and monthly timeframes. Analysts just have a bullish price forecast. They said the value of the cryptocurrency could pump to a new plan if it crosses the 200-day SMA ($0.00002011).
Intel Markets Touts AI Trading Feature, Presale Heats Up
Intel Markets (INTL) is a new crypto perpetual futures trading platform that aims to transform the crypto industry. It also has an AI trading feature through which the users can trade assets easily. The presale of Intel Markets has caught the attention of investors, raising over $190k in just the first few days.
The features of Intel Markets are the following: fast transactions and trades, low fees, high throughput, security, and access to ample liquidity pools due to the presence of. As a dual-chain platform, traders can choose to transact on either Solana or Ethereum blockchains any time they use the Intel Markets.
Apart from this, Intel Markets boasts of having modern trading tools such as charting applications, 1000x, and real-time market data. It also has a copy trading feature, which is very attractive to newbies who want to learn how to trade and also make money.
Can Intel Markets Surpass Ethereum and Dogecoin?
Because of its unique features, Intel Markets has been gaining momentum in the crypto market. Experts say that the price of its native token, INTL, will increase by more than 10x before the year ends. Now priced at $0.009, this makes Intel Markets a good crypto to buy.
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