While memecoins have been amongst the best-performing crypto projects this year, they are seeing a sharp slump in August. Leading projects like PEPE and Shiba Inu (SHIB) have suffered major losses. This has led analysts to question the future trajectory of these coins and speculate on their future.

With this shift in market dynamics, investors are now looking toward new projects with fundamentals and technology. As a result, platforms like Intel Markets (INTL) are under the spotlight.

PEPE Continues Free Fall as Investors Go to Sidelines in August

Even though PEPE is considered to be one of the leading memecoins in the crypto world, its recent performance has been underwhelming. The PEPE token has dropped over 36% in the past 30 days and has failed to recover back to its glory days. Even on the weekly timeframe, the project has dropped over 13%.

Analysts have attributed the recent decline in PEPE to broader macroeconomic conditions. Crypto market’s north star Bitcoin (BTC) has declined over 25% from its highs in May 2024 and is currently trading at $58,000. Additionally, the market has faced significant selling pressure from large stakeholders like the German government.

On a broader scale, analysts are also speculating that the memecoin trend might be nearing its end. Similar to the gains enjoyed by DeFi in 2021, the current wave witnessed multiple 100x growth, including projects like PEPE and Floki.

Shiba Inu (SHIB) Generates Sell Signal Based on Technical

Considered to be one of the most popular memecoins, Shiba Inu’s growth was nothing short of legend. The project went from being an internet fad to becoming one of the top 20 projects in the entire crypto sphere. However, the latter part of 2024 is offering a bleak outlook for one of crypto’s favourite projects.

Shiba Inu (SHIB) had a rough week in the markets, with a decline of over 6.5% in the past week. This is a continuation of the macro trend where the project has lost over 24.26% in the past month. However, a silver lining exists for investors in the form of a 25% volume increase, which shows renewed interest.

Analysts speculate that it is essential for Shiba Inu (SHIB) to consolidate at the 0.00001263 level in order to build a move forward. In these chaotic conditions, memecoin investors are looking at other projects with better fundamentals. Intel Markets (INTL) has emerged as a clear choice.

Newcomer AI Crypto Stuns With $500K in Private Round

The AI-based trading platform Intel Markets (INTL) has hit the market running with impressive performance in the private seed round. The project has raised over $500,000 from leading investors, showcasing exceptional demand and developmental backing. As the presale goes live, market insiders are keeping a close eye on the launch.

Intel Markets (INTL) is a cutting-edge trading platform that allows retail traders to access restricted trading environments that were previously limited to enterprise clients. The platform has received acclaim because of its strong team, which includes professionals from OpenAI, MIT, and Goldman Sachs.

Investors are rushing to become a part of the platform because of its dual-chain features. Intel Markets is the first platform to feature both Solana and Ethereum-based trading management along with the in-development proprietary blockchain. Analysts have labeled the current $0.018 price as a steal because the platform is expected to list at a price of $0.12, a 10 fold increase from its current price.

As investors from PEPE and Shiba Inu (SHIB) abandon their holdings to embrace the potential of Intel Markets, this could be the perfect time to join the project.

Discover More About Intel Markets:

Presale: https://intelmarketspresale.com/

Buy Presale: https://buy.intelmarketspresale.com/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets