As a seasoned analyst with over a decade of experience in the crypto market, I’ve seen my fair share of bull runs and bear markets. The recent positive sentiment returning to the market is reminiscent of the excitement that precedes a new bull run. Coins like Solana and Cardano are showing promising gains, but it’s important to delve deeper into network metrics before making investment decisions.
There’s been a shift towards optimism in the cryptocurrency market following a prolonged downturn. Notably, coins such as Solana and Cardano have seen growth over the past month. However, it’s worth mentioning that the metrics for the Solana network are currently decreasing.
The Cardano Founder has given a hint on what will happen after the Chang hard fork. In other news, analysts have shared high expectations for a new project known as IntelMarkets. They expect the price of the token will rise by 100x within the coming months.
Solana (SOL) Network Metrics Drop, SOL Price Rallies
In recent times, there’s been a decline in the appeal of meme coins like Solana (SOL), which has resulted in a drop in overall user interaction on its Layer-1 blockchain. This decrease can be seen in the reduced number of daily active addresses and transactions. As a result, network fees have become relatively low due to this decline.
Based on Artemis’ data, the Solana blockchain processed approximately 29 million transactions over the past month, which represents a 22% decline compared to the previous period. This transaction drop led to a significant decrease of 45% in fees, totaling around $523,000.
Additionally, the price of Solana has been climbing over the past month. Its market capitalization is hovering between $50 billion and $75 billion. Analysts predict that the value of a Solana coin might surpass its 200-day simple moving average ($147.44) in the near future.
Cardano (ADA) Founder Shares Thoughts on Chang Upgrade
Charles Hoskinson, the founder of Cardano, recently expressed his views about the project’s future after the Chang hard fork. In a video, he stated that the Cardano network is currently undergoing its bootstrapping stage, during which an initial governance structure is being set up.
In his view, during Voltaire’s time, the bootstrap phase was when fresh administrations and positions were established. He emphasized that these newly constructed foundations were crucial for sustaining robust, self-governing communities.
Moving on, it’s worth noting that the Cardano cryptocurrency is currently seeing positive trends in its monthly chart. Its market capitalization fluctuates between $10 billion and $15 billion. Some analysts predict that the value of Cardano crypto might increase to challenge the 50-day Simple Moving Average ($0.373222) in the near future.
IntelMarkets (INTL): A New Generation Cryptocurrency Trading Platform
As a crypto investor, I’m excited about IntelMarkets (INTL), a promising new-generation digital currency that’s drawing positive attention from experts, positioning it alongside Solana and Cardano. The ongoing presale is a clear sign of better days ahead, as the community has already managed to raise an impressive $225k. With such bullish momentum building, analysts are labeling IntelMarkets as the next potential 100x coin in the crypto market.
As an analyst, I’m excited to share that IntelMarkets is currently working on a revolutionary crypto trading platform. This platform will empower newcomers by utilizing advanced AI technology to facilitate digital currency trading. The seamless integration of AI into crypto trading sets it apart, positioning it as a promising challenger in the financial industry.
The objective of this platform is to transform the $36 billion market for cryptocurrency trading platforms by leveraging this cutting-edge AI technology. Furthermore, IntelMarkets plans to offer sophisticated trading instruments such as intricate charts, tailored indicators, and tools for managing risk.
Other features, such as the availability of numerous asset pairs, 1,000x leverage, and copy trading, make IntelMarkets one project you don’t want to write off.
Is IntelMarkets a Good Project Like Solana and Cardano?
As a data analyst, I’ve come across IntelMarkets – a distinctive AI-driven cryptocurrency trading platform that sets it apart from others in the industry. Here, investors have the opportunity to trade various digital currencies in a way that’s unlike any other company I’ve encountered.
Furthermore, it’s widely believed that the market for cryptocurrency trading is extremely large, and IntelMarkets could quickly take the front-runner position.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter:
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2024-09-12 12:42