Solana Whales Back New AI Altcoin; ETH Staking Up 5.1%

Solana whales are backing a new altcoin that uses AI to revolutionize the crypto trading landscape, as staked Ethereum experiences a 5.1% increase.

In recent weeks, Solana (SOL) whales have shown interest in an AI-powered altcoin, Intel Markets. This venture, featuring the advanced Rodeum AI, aims to create a trading platform that transforms trading practices, achieving over $1 million in presale fundraising.

Experts indicate that its altcoin, INTL, may drive the upcoming bull market. Concurrently, there’s been a noticeable uptick in staked Ethereum (ETH), suggesting an increase in investor holdings.

Solana achieves new milestone

According to a recent report from Solana Floor, the number of monthly active addresses on the Solana network has surpassed an all-time high of 100 million, highlighting increased activity due to a wave of meme coin projects.

However, the scenario isn’t the same for Solana coin, currently trading between the 50-SMA ($142.43) and 200-SMA ($146.70). Solana has remained below the $200 mark for over a month, while other tokens are reaching new peaks.

Currently, the majority of its technical indicators suggest bearish sentiment. For example, the VWMA (10) indicates a sell signal. The 14-day RSI is also below the 50 mark, indicating bearish control. Nevertheless, Coincodex predicts that Solana’s price may rise to $162.49 in the upcoming weeks.

Ethereum: Positive outlook as staked ETH surges 5.1%

As per data from the on-chain analytics provider IntoTheBlock, 28.9% of Ethereum is currently staked. The platform disclosed that the staking percentage was 23.8% in January, reflecting a 5.1% increase over the past ten months.

Furthermore, IntoTheBlock reported that 15.3% of staked ETH has been held for three years or more, which indicates strong signs of “long-term confidence” in Ethereum’s future.

Despite ETH showing resilience during the first half of 2024, the token is experiencing struggles in October. Analysts suggest that part of the recent decline can be attributed to selling pressure from ICO participants.

At present, market sentiment around Ethereum is leaning bearish, reflected in a low 14-day RSI. However, analysts anticipate a potential rally towards the 200-SMA at $3,080.49, which could change if Ethereum manages to surpass this critical resistance level.

Intel Markets defies the trend, poised for 10x growth

Intel Markets (INTL) is capturing more investor interest than Ethereum and Solana, which have been experiencing declines. The project has delivered a 200% ROI to early investors and secured $1 million in funding. Currently, the INTL token is priced at $0.027364, with analysts predicting a possible 10x price increase in the months to come.

The crypto trading platform sector is projected to grow to $135.7 billion by 2032, as noted by Future Market Insights. Industry insiders are optimistic about Intel Markets’ potential to transform the market. The platform has engaged top talent from Google, OpenAI, Goldman Sachs, and Renaissance Technologies.

Intel Markets provides advanced trading tools that traditional exchanges typically do not offer. Among these is the Intelli-M Multi-channel tool, which can analyze information from numerous technology sources and deliver highly accurate signals.

Rodeum AI-enabled self-learning trading bots will also be part of Intel Markets, capable of refining their strategies by learning from traders’ mistakes and emulating successful tactics.

Conclusion

The surge in staked Ethereum reflects growing confidence, but Intel Markets seems to be the altcoin worth tracking. Analysts predict that Intel Markets could emerge as a leading DeFi project in the near future, suggesting the ongoing presale offers an excellent opportunity to acquire tokens at a favorable price.

For further details on Intel Markets, visit the presale website, official website, and Telegram.