Solana (SOL) and Ethereum (ETH) have been at loggerheads over the years with many analysts debating who is better than the other. In a recent report, Sygnum Bank has thrown in support for Solana (SOL), saying the former could outshine Ethereum (ETH).
In other news, IntelMarkets is making waves in the crypto space. The price of the token has increased by about 200% in the past month. Analysts forecast the value of the DeFi token could reach $1 in the coming months.
According to a recent report, Sygnum Bank believes Solana (SOL) has the potential to flip Ethereum. As the report states, Solana coin has outperformed Ethereum by 300% year-on-year. The report also referenced the Solana (SOL) comeback after it plunged to new lows due to FTX collapse.
The bank noted that while the Solana blockchain could outshine Ethereum in terms of transaction speed, it is behind in terms of TVL. Besides, Solana’s market cap is far behind that of Ethereum.
Currently, the Solana price is consolidating between $120 and $160 on the monthly timeframe. The cryptocurrency has crossed the 50-SMA ($142.36) and 200-SMA ($146.71), a sign that bulls are in charge. Coincodex forecasts the value of the altcoin could reach $171.24 in the next few weeks.
Data from Cryptoslam reveals that the number of NFT sales rose in the past week and is currently at $85.97 million. The numbers are higher in comparison to the weekly NFT sales that occurred in the last two weeks of September.
The Ethereum network recorded the highest sales of $27.48 million on weekly NFT sales volume. It is followed by Bitcoin, with a combined sales of $12.6 million. Solana occupies the third place with $11.8 million sold in the last month.
On the other hand, the Ethereum price movement remains poor on the monthly chart. The cryptocurrency’s value is still consolidating between $2,200 and $2,700.
Nevertheless, analysts believe a turnaround could occur before the end of the year. If this happens, the value of the Ethereum crypto could pump to the 200-SMA at $3,085.28.
IntelMarkets (INTL), the best coin to invest in now for massive gains, is in the third phase of its presale. It is currently priced at $0.027364 and is expected to soar to $1 in the coming months. That is not all. Analysts forecast the amount raised by IntelMarkets will rise from $920k to over $5 million before the year runs out.
IntelMarkets has a mission to revolutionize the crypto trading market using Artificial Intelligence and blockchain solutions. So, it has recently assembled a team of professionals from leading firms such as MIT, OpenAI, Renaissance Technologies, Goldman Sachs, etc, to make this possible.
Its goal is to capitalize on the growth of the global crypto trading platform market to another level, which is estimated to reach $264 billion by 2030. Moreover, it will have a dual-chain structure that adds support for Solana and Ethereum blockchains to the platform. Ethereum will provide users with smart contacts and high security.
Solana, on the other hand, is famed for its high speed and low fee. IntelMarkets is introducing solutions such as the Route X21 protocol, a system that quantum attacks cannot compromise. It will also feature advanced AI-based trading bots that investors can use to monitor market trends, manage their portfolios, and copy trading strategies.
As Solana (SOL) and Ethereum (ETH) fight for supremacy, IntelMarkets is getting ready to outperform both of them with its unique features and a $1 goal. With increased community participation, the platform could become a market leader and give investors higher returns, making its native token a top crypto to buy.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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