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The crypto world’s two established giants Chainlink (LINK) and Cardano (ADA) become victims of ongoing market volatility. LINK prices await a bullish reversal while ADA momentum fades away as investors get disappointed waiting for any positive development.
Amidst this sea of volatility, a new contender IntelMarkets (INTL), has emerged, catching all the limelight for all the right reasons. It is an AI powerhouse aiming to revolutionize the trading world by removing the fine line between AI algorithms and blockchain power. Let’s dive into the details!
The oracle service provider, Chainlink's (LINK), price has reached a critical point after being rejected at $12.50. LINK now faces a 48% decline if the market circumstances stay the same since the most recent price rejection completed a bearish multi-month reversal pattern.
If overall market conditions do not change, on-chain figures indicate that Chainlink (LINK) will encounter a severe crash in the near future. Over the last 24 hours, the price of LINK has declined by 3.26% to $11.3. Its negative price-daily active address (DAA) disparity validates on-chain the recent drop in LINK's demand.
$8.08 is LINK's next price stop if it breaks below the support level. But LINK's price will rise and the current trend will reverse if the market witnesses a spike in demand. If this occurs, it might rise to $12.33.
The previous few weeks have seen Cardano's (ADA) price utterly ignore the sentiment of its investors. Their optimism in Cardano (ADA) is fading as the cryptocurrency continues to collapse to the broader market's negative trend.
The substantial drop in investor trust can be attributed to ADA's inability to materialize during important market surges. Furthermore, continuous delay in bringing on the most anticipated Chang hard fork update also plays a major role in investors' fading optimism. These events are setting the stage for Cardano (ADA) for more declines.
Cardano (ADA) has, for the first time, dropped out of the top 10 cryptocurrencies according to market capitalization. Cardano's price has dropped 13% so far this week. Investors are actively waiting for September 1st, 2024, for the Chang hard fork to come out as it is the only thing in the current scenario that can flip the Cardano (ADA) price trend.
IntelMarkets (INTL) is an emerging trading platform for cryptocurrencies powered by artificial intelligence (AI) and blockchain power. The main goal of this high spirit project is to generate the next wave of crypto billionaires by capitalizing on the perpetual futures market, which has daily trading volumes exceeding $100 billion.
The dual-chain infrastructure implemented by Intel Markets is the primary differentiator that sets it apart from other opponents. The two available blockchains on the trading platform are Solana and Ethereum, allowing traders to choose whichever one they like.
In addition, traders may use Intel Markets' AI trading bot using its trading signals that are generated by using data from multiple stream sources and guaranteed to be 99.99% accurate. It helps traders to analyze market movements and enhance their trading performance. What makes this more intriguing is that traders can train the bot to trade like them.
Analysts think Intel Markets can compete with leading cryptocurrency players like Chainlink (LINK) and Cardano (ADA) tokens because of the features mentioned above. With more than $180,000 raised so far in the first phase of its presale, Intel Markets is showing strong investor interest, which seems nowhere to stop in the near future.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
