Intel Markets, a new presale, has attracted the attention of its Solana and Shiba Inu holders. This presale is creating a buzz in the crypto market. It has raised over $180k in funding.
In other news, Solana-based stablecoin, PYUSD, has crossed a market cap of $1 billion. Also, Shiba Inu whale transactions have increased in the past week.
Solana-based Stablecoin, PYUSD, Hits $1B Market Cap
Solana-based PayPal stablecoin (PYUSD) has reached a new milestone. Its market cap has crossed $1 billion, soaring on the on-chain activity and demand of the Solana network. Besides, Solana accounts for 64% of the coin’s market share.
Meanwhile, the Solana coin has been on a downtrend in the past month. Data from CoinMarketCap shows its price has dropped to the $140 region from $190. The coin’s market cap is also fluctuating between $50 billion and $90 billion.
Solana’s RSI is, according to TradingView at the 14-day RSI neutral zone. This means that the Solana price may likely remain range-bound within the current range as long as the buyers do not regain control of the market.
Shiba Inu (SHIB): Whale Activity Skyrockets
The Shiba Inu (SHIB) community has once again reported an increase in ‘whales.’ They have been on the rise in the past week, as shown by IntoTheBlock information. Whales have so far conducted trades totaling more than 2.12 trillion SHIB in the last one week only.
IntoTheBlock data reveals that the whales responsible for the large transactions are those with SHIB accounts worth $100,000 and above. In the meantime, Shiba Inu coin is trading in the red zone.
The increase in trading activity did not influence its price movement. Still, experts are optimistic about Shiba Inu crypto. Coincodex says the value of the cryptocurrency might cross the 200-day SMA ($0.00002018) soon. They forecast the Shiba Inu price to reach $0.00002981.
Intel Markets: The Best New Presale in the Market
Analysts have tagged Intel Markets (INTL) as the best ICO of the year, given its performance in the past month. Intel Markets raised over $180k from its going presale, a sign that investors are interested in the project and its long-term potential. At its core, Intel Markets is a trading platform that allows investors to use algorithmic data and an AI-powered bot to make profitable trades.
What makes this particular AI bot different from others in the $36.5 billion crypto trading market is it is customizable. Traders can teach the bot to follow certain trade patterns or use particular strategies to trade. Also, there are other features like 1000x leverage, copy trading, and advanced charting software.
In addition to this, Intel Markets is among the most secure platforms in the trading sector. It was able to withstand about 100k penetration tests. Besides, Cyberscope has evaluated the platform’s smart contract to ensure it is safe for investors. Because of the features above, analysts forecast the price of Intel Markets will increase by 1,100% in the coming months.
Can Intel Markets Rival Solana and Shiba Inu?
Intel Markets is just in the first stage of its presale and is already gathering a lot of attention. This high interest and numerous features make Intel Markets a good contender for Solana and Shiba Inu.
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