Over the last few months, the crypto market has witnessed mixed performances. After a week of an uptrend, the prices of Solana and Binance Coin have tumbled, stalling the recent recovery efforts.
On the other hand, Intel Markets, a new presale project, has raised an impressive $140,000 in just days. This unexpected turn of events has left many eager to participate in the success of this new AI-powered trading platform.
Solana (SOL) Funds See $39 Million in Outflows, Price Weakens
The latest CoinShares weekly digital asset fund flows report revealed something concerning for Solana (SOL) holders. The crypto saw over $39 million in outflows. This is the biggest week of outflows on record for Solana funds.
According to some analysts, the selling is due to growing concern about the Solana blockchain’s “heavy reliance on meme coins.” While these are speculations, the Solana price has dropped below its 50-day and 100-day simple moving averages (SMAs).
While Solana’s market cap has increased back over $65 billion from a low of $52 billion, it’s still significantly lower than its monthly high of $76 billion. The Solana price prediction from Changelly, SOL, is that it could hit $167 by mid-September.
Binance Coin Open Interest (OI) Rises, But BNB Faces Rejection
The Open Interest (OI) of Binance Coin (BNB) suggests a big move is approaching. The open interest of BNB has surged above $560.10 million, the highest level recorded since July 4th. The increase in OI indicates many are expecting a price increase.
There has also been some improvement on the Binance Coin price USD chart. The market cap of BNB has increased from a 30-day low of $52 billion to $80 billion. While this suggests bullish activity, Binance Coin hit a roadblock at the 100 Simple Moving Average ($573.8).
As a result, the Binance Coin price has declined back to the $550 support level. Holding this support level is critical as it could lead to a price breakdown of $520. However, the upcoming 4th-anniversary celebration of BNB Chain could act as a catalyst to improve the BNB price.
Intel Markets Gets Off To a Hot Start, Raises Over $140k
Intel Markets (INTL) is one of the new projects defying the bearish trend in the market. In the first few days of its presale, Intel Markets has raised over $140k. There is a rising interest in Intel Markets because it is an AI-powered trading platform with a dual-chain architecture set to transform the crypto trading space.
Intel Markets offers a high leverage of 1000x and advanced trading tools like advanced charting software. The flagship tool is the AI-powered trading bot, which has a proven history of profitable performance and is used by over 1200 traders. These features allow users to make the most of every trading opportunity.
The trading platform also offers perpetual futures contracts, a market with a daily trading volume of more than $100 billion. Because of the exchange’s potential, users have been rushing to buy the Intel Markets coin, INTL, at $0.009.
Why Experts Are Picking Intel Markets Over Binance Coin and Solana
Because of the exciting opportunities that Intel Market offers, many industry experts are referring to it as the biggest thing in the crypto space since Binance. While it trades at only $0.009, they have forecasted that INTL can trade as high as $0.10 before the year runs out.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
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