With the recent drop in interest in Ethereum ETFs, WisdomTree has asked for the withdrawal of its S-1 filing for an Ethereum ETF. Also, Avalanche has launched a $9000 competition for its developers.
Meanwhile, IntelMarkets has emerged as the best crypto to buy. Analysts have forecasted an 11x gain for investors who join its ongoing presale.
WisdomTree Asks for Withdrawal of Ethereum (ETH) ETF Filing
In a recent filing with the US SEC, Asset Manager WisdomTree has asked for the withdrawal of its S-1 filing for a spot Ether exchange-traded fund (ETF). The firm had filed the application more than three years ago.
This development comes just after VanEck shuttered its Ethereum ETF citing a lack of demand. This crypto ETF product has been recording large amounts of outflows since its launch.
Also, the Ethereum price has been bullish. The cryptocurrency is currently trading below the $2500 mark. Its market cap ranges between $260 billion and $340 billion on the monthly timeframe.
Analysts say the Ethereum coin price can still increase. However, it must turn the 50-Day SMA ($2,805.85) resistance into a support region.
Avalanche Developers Launches $9,000 Bounty Competition
In a recent tweet, @AvaxDevelopers announced a $9000 bounty to encourage developers on the Avalanche network. The challenge is for developers to build an Avalanche L1, which uses USDC as the gas and payment token.
This announcement comes as Avalanche coin battles with bearish sentiment in the market. However, bulls have started an uptrend and could cross the 50-day SMA ($23.96) in the next trading sessions.
Trading volume has even increased on the network. Data from CoinMarketCap shows the cryptocurrency’s trading volume is consolidating between $150 million and $350 million.
Analysts are bullish about the Avalanche price. They forecast it could rise to $30 in the coming weeks if it breaks past the 50-day SMA.
IntelMarkets Presale Continues To Make Headlines
IntelMarkets (INTL) is a new trading platform experts say could be the leader of the crypto trading market. In just the first week of the presale, IntelMarkets has received $240k in funding. The new IntelMarkets AI-based trading platform, which is set to be released in the near future, is now the talk of the cryptocurrency community.
The first is to start off with a flagship self trading bot. Investors can use the bot to monitor price movements and manage their portfolios and trades. The good part is they can train these bots with data feeds and trading strategies to get the best results. The bot also has a very high profitability score after being tested by over 1,200 professional traders.
IntelMarkets also has a number of advanced trading tools which will be useful for any trader no matter their level of experience. It comprises charting tools, customized indicators, risk management tools, and many more. This platform is set to transform the crypto trading platforms market, which is worth about $36.5 billion.
Which Coin Can Give the Highest Gains – Ethereum, Avalanche, or IntelMarkets?
Ethereum and Avalanche are currently trading in the red region. The ongoing bear market has affected their price movement, and there doesn’t seem to be a way out until the trend in the broader crypto market changes.
On the other hand, IntelMarkets is among the top coins in the market. Although it is in the presale stage, its performance has been terrific. Analysts forecast its price could increase by 11x in the coming months.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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