According to recent data, Shiba Inu’s exchange outflows have increased recently, hinting at a potential price surge. Also, the trading volume of Ethereum has dropped by 55% in the past month. This shows a low level of interest from investors.
Meanwhile, Intel Markets is seeking to democratize access to new trading tools and features for Shiba Inu and Ethereum traders. The aim is to allow them to make more profits and income.
Shiba Inu (SHIB) Witness Surge in Exchange Outflows, Price Pump Coming?
Shiba Inu (SHIB), the second largest memecoin by market cap, has witnessed a massive surge in exchange outflows. According to data from CryptoQuant, over 624 billion Shiba Inu tokens were removed from exchanges.
Interestingly, this surge in outflows comes at a time of negative sentiment in the broader crypto market. The rise in exchange outflows shows traders are taking advantage of the dip to increase their holdings. It also reveals they are bullish about the Shiba Inu coin.
In the meantime, the memecoin is trading between $0.000011 and $0.000018 on the monthly chart. The Shiba Inu price is currently below the 50-Day SMA ($0.00001558). Still, coincodex forecasts its value could rise to $0.00003023 in the coming months.
Ethereum (ETH) Trading Volume Plummets 55%
Data from The Block shows the activity on the Ethereum network declined in August. The blockchain’s trading volume has dropped by over 55%. The fall in trading volume comes as the Ethereum coin struggles with bearish action.
The altcoin’s price is below the 50-day SMA ($2,983.54), which acts as a major resistance. Its market cap is fluctuating around the $250-$425 billion mark. Bluntz_Capital forecast the price of Ethereum crypto could increase to $3,400 soon.
According to him, whales are selling Bitcoin into Ethereum for the first time in this cycle. Another analyst, CryptoKaleo, told his followers to exercise more patience. He forecast Ethereum price might pump to $4,150.
Intel Markets To Level The Trading Field for Retail Traders
Intel Markets (INTL), a multichain platform is bringing the latest and state-of-the-art AI trading tools to new and old investors in the crypto sector. The aim is to give these investors equal trading opportunities, which their counterparts have enjoyed for many years.
One of these trading tools is Intel Markets’ AI bot. This bot was created by a team of top experts who have worked previously at giant firms like OpenAI, MIT, and even Goldman Sachs. Intel Markets users can use the bot to monitor the price movement of many digital currencies at once.
They can also use it to evaluate market trends to see those that have high chances of recurring again. In addition to the bot, Intel Markets has one of the most secure and fastest platforms in the perpetual futures market that sees over $100 billion in daily volumes.
It offers its users fast transactions, high throughput, and access to high liquidity. Other important features include 1000x leverage, an easy registration process, copy trading, and access to advanced trading tools. The presale of Intel Markets has been growing rapidly, with the project raising over $180k, while its INTL coin is priced at $0.009 per coin.
What Will Shiba Inu and Ethereum Traders Benefit From Intel Markets?
They will gain access to the latest trading tools which can help them make better decisions. Also, Intel Markets’ trading platform is easy to use and comes with other features like high leverage and copy trading. Also, with the features listed above, analysts forecast the value of Intel Markets will rise by more than 11x before the year ends.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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