The crypto market appears to be cooling off from the latest correction that shook many altcoins on Monday. Ethereum (ETH) and Shiba Inu (SHIB) are currently in a neutral zone while they await a major rally.
Meanwhile, IntelMarkets’ innovative platform is making waves in the market. Tapping into the billion-dollar AI sector, IntelMarkets (INTL) offers advanced trading tools and access to AI technology. Given its low market cap and features, the value of IntelMarkets is expected to surge by 10x soon.
Shiba Inu (SHIB) Set For Rally After UAE Partnership
With a year-to-date gain of 81.9%, Shiba Inu (SHIB) is not entirely in losses. The memecoin’s performance in the past few weeks has caused panic among investors who expected a huge market rally. CoinMarketCap data shows the Shiba Inu coin is down 32.3% on the weekly timeframes.
Interestingly, this downtrend could end soon. Shiba Inu (SHIB) has just partnered with UAE’s Ministry of Energy and Infrastructure (MOE). The agency plans to integrate Shiba Inu’s operating system across the operating of the MOE.
Reacting to the partnership, YourPop says a Shiba Inu price surge is coming. Meanwhile, SHIB KNIGHT is looking out for a potential price surge. The analyst noted that the Shiba Inu coin price is eyeing a potential breakout which could lead it above the $0.00002 mark.
Ethereum (ETH) Might Bounce Higher, Says Analyst
According to Bloodgood, Ethereum (ETH) is one of the top altcoins that bounce higher in the coming days. According to the analyst, the price of the Ethereum coin could surge higher if it crosses the resistance at $2,900. Failure to do so could lead to more downtrends in the next few days.
Moreover, the Ethereum price is trading below the 200-SMA ($3,062.27) and 50-SMA ($3,334.15), meaning that bears are in control. These levels could act as resistance levels if an uptrend begins. BlockchainTim says the Ethereum crypto price could soar to $8,200 in the coming months.
According to him, the altcoin is currently in a re-accumulation phase and is eyeing upper regions. In the meantime, CoinMarketCap data indicates the price of the Ethereum token has fallen by 9.2%. The losses also extended to the biweekly chart.
IntelMarkets (INTL) Set To Transform the Crypto Trading Space
IntelMarkets (INTL) has become popular in the cryptocurrency market, especially with the presale that has attracted more than $8 million in funding. The value of the INTL token has risen by 810% to $0.082455 which shows that investors have a lot of confidence in the platform.
One of the main advantages of IntelMarkets is the copy trading system that enables the copying of other traders’ strategies. It is especially useful for newbies as it gives them an opportunity to understand the strategies of professionals without deep market experience.
The main focus of IntelMarkets is the Intelli-M™ AI trading bots that can process more than 100,000 data points in real time. These self-learning bots are capable of learning the market conditions and the way they arrive at decisions that will help in maximizing returns. This is so because the bots are free from emotional influences and human interference hence making the trading efficient.
Furthermore, IntelMarkets does not require users to verify their identity, which means that users can trade anonymously. This coupled with the platform’s AI and easy user interface makes IntelMarkets a potential contender in the future of crypto trading.
Why Investors Are Leaving These Top Altcoins For IntelMarkets
Ethereum (ETH) and Shiba Inu (SHIB) are in a neutral state. They are yet to recover from the downtrend that is in the general market. Meanwhile, IntelMarkets is expected to climb to higher levels in the months ahead. Its low market cap and features make it among the best altcoins to buy for a 10x surge.
For more information about IntelMarkets (INTL) visit the links below:
Presale: https://intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets