Toncoin Whales rally support for IntelMarkets as stage 3 presale closes in on $1M, Tron price continues to rise
The crypto space is getting competitive as new projects emerge with the potential to dethrone old OGs. Currently, Toncoin (TON) whales are backing IntelMarkets (INTL), a new project that analysts have tipped as the best altcoin for 10x gains.
IntelMarkets is in stage 3 of its presale and has raised almost $1 million in funding. Meanwhile, the DeFi token, Tron (TRX), is trading in the green regions with some other coins in the market.
Toncoin (TON) exchange outflow increases
According to the data from CoinGlass, $19 million in TON has been withdrawn from various exchanges within the last week, a move that could alter the movement of the Toncoin crypto. This data implies that traders are now willing to hold their TON and are not willing to sell.
Such a negative Exchange Netflow, if it remains, may Kickstart a bullish sentiment in the market. This may cause a breakout, causing the Toncoin price to soar to the $7 region. In the meantime, the token is trading below the 50-SMA ($5.62) and 200-SMA ($5.51), a sign TON is under the control of bears.
Analysts predict the price of the Toncoin token could soar to new highs in the coming weeks if positive sentiment returns to the market. However, a bearish move could lead to a downtrend, causing the cryptocurrency to lose the $5 region.
Tron (TRX) price continues rising, could see new highs soon
Tron (TRX) remains one of the top-performing altcoins in the market. It is still showing green across all timeframes despite the market volatility which has sent many altcoins falling to former lows.
Data from CoinMarketCap shows the value of the Tron crypto increased on the weekly and monthly timeframes. It is consolidating within a narrow range of $0.145 and $0.160 on the monthly level. Going forward, the sentiment around the cryptocurrency is bullish.
Most of its technical indicators are showing buy signals and support an upsurge. Analysts forecast that the Tron price could rally to $0.174289 in the next few weeks if there is a major breakout. In the case of a downtrend, the Tron coin has support at 50-SMA ($0.153054) and 200-SMA ($0.133289).
IntelMarkets (INTL) adds a new dynamic to Crypto trading
IntelMarkets (INTL) is a project that seeks to bring artificial intelligence and related tools into its crypto trading sector in order to gain a competitive advantage in the market. With this technology, traders can estimate the performance of many coins, analyze data from different sources, and predict price targets. Also, IntelMarkets plans to launch Rodeum-based AI self-learning bots.
These bots are mostly focused on capital distribution and can be employed for risk management. It allows traders to provide them with targets for taking profits or stop loss during the trading activities of the bot. This feature will let traders maximize their portfolio for more profits. Besides that, IntelMarkets offers trading of perpetual futures contracts where positions can be held open.
These contracts enable the users to change their trades and, at the same time, do not have to be concerned with expiring contracts. Moreover, IntelMarkets provides a high leverage of 1000:1 and high liquidity for those who trade perpetual future contracts. This puts IntelMarkets in a prime position to lead the crypto trading platform market as it chases a $264 billion valuation by 2030.
Considering the features above, analysts predict high adoption for IntelMarkets. This adoption could improve the price of the native token INTL. For now, investors can buy IntelMarkets’ INTL coin for $0.027364. Experts forecast its price might increase by 10x in Q4 and a price target of $1 by 2025.
Will Tron, TON, or IntelMarkets be the best Crypto investment of 2024?
With Toncoin (TON) whales showing interest in IntelMarkets, it could rise to become a formidable force in the crypto market. The low price of $0.027364 and its potential to transform an entire market make it a great cryptocurrency to buy for investors seeking huge long-term returns.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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