The crypto market is experiencing a slight rebound after a long time in the red zone. Coins like Solana and Ethereum are currently witnessing upward movements. Analysts say their prices could increase to $300 and $3,000 respectively.
In other news, Intel Markets is bringing AI trading to everyone in the crypto market. Its AI trading bot will allow traders to make well-informed decisions with more chances of success.
Exec Director Explains Ethereum Foundation’s Recent Sell-off
According to data from Spotonchain, the Ethereum (ETH) Foundation recently deposited 35,000 ETH to the Kraken exchange. The massive transaction raised comments from the community about the function of the foundation.
Reacting to the news, Executive Director Aya Miyaguchi said it was not a sale. Miyaguchi claimed they swapped the ETH for fiat to settle some obligations. The fears of the community are not far fetched, as the Ethereum price has been bearish in the past month. It is currently trading below the $3k level.
Also, the cryptocurrency’s market cap is fluctuating around the $250b-$425b range. Investors should keep an eye on the Ethereum coin in the coming weeks. Analysts say a move above the 50-day SMA ($3,009.98) could lead to more price increases in the future, with a target of $4,000.
Solana (SOL) Price Soars Past $150 Ahead of September Unlock
Token Unlocks has announced that $360.78 million worth of Solana (SOL) coins will be unlocked in September. Conventionally, unlocks are characterized by a price drop because of the increased circulation of coins. Currently, the Solana coin is indicating a positive movement on the price chart.
The coin has now moved above the $150 support after having been under bear pressure for a long time. The Solana crypto is now trading above the 50-day SMA ($155.17), suggesting a buy-side trend. Its 14-day RSI is also increasing but still lies above the 50 level.
There are a lot of market analysts that are quite bullish on the Solana price. Based on their analysis, SOL could rise to $300 in the coming months. However, this will depend on the general market trend.
Intel Markets Platform Designed To Democratize AI Trading
Ethereum and Solana may possibly rise in the next few weeks, but a new crypto project is making waves in the crypto world. The newcomer, Intel Markets (INTL), is building an exchange that will capitalize on AI technology.
Investors will be able to monitor the price movement of digital currencies like Solana and Ethereum, evaluate trends, and make predictions. Intel Markets will also have other features like copy trading and 1000x leverage.
The copy trading feature allows traders to copy the trades of experts in the industry. These are people with a proven record of profitable trades. The 1000x leverage will allow investors to make huge profits on their investments with little capital.
With the offerings above, analysts are optimistic about the future of Intel Markets. They see the project becoming a major force in the perpetual futures market, which has a daily trading volume of over $100 billion. Intel Markets is currently at the presale stage and its native is priced at $0.009. Experts expect a 10x price increase in the coming months.
How Intel Markets Can Compete With Ethereum and Solana
AI is gradually gaining momentum and more applications in the crypto space. Intel Markets goal is to make this technology available to everyone. The platform also promises to add other exciting features like copy trading and 1000x leverage.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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