The memecoin generator, Pump.fun, has been one of the most discussed projects, which led to the increase of activity on the Solana (SOL) network. However, Pump.fun just dumped a massive 40K SOL increasing the chance of a further sell-off.
While Solana (SOL) could be facing a sell-off, Hedera (HBAR) and IntelMarkets (INTL) are still some of the best-performing DeFi tokens. Analysts have predicted that these coins could prolong their uptrends and reach $0.10 within the year.
Solana’s (SOL) Pump.fun Dumps 40,000 SOL
Pump.fun, a meme coin incubator that operates on the Solana network, has taken advantage of the latest upsurge to dump some coins. According to data from Lookonchain, the fee account associated with the memecoin incubator dumped 40,000 SOL (worth $6.68 million).
Nevertheless, the Solana coin retains its gains on the weekly timeframe, with a 7.3% increase, according to CoinMarketCap. SOL is currently trading above a strong support level – the 200-SMA ($151.09), setting up the Solana price for a possible rally.
Coincodex predicts that the value of Solana (SOL) could pump to $188.54 in the coming weeks. AltcoinGem forecasts the cryptocurrency’s price might rally to $325 based on a potential butterfly pattern.
IntelMarkets (INTL) Captures Investors’ Attention With New AI Tools
IntelMarkets (INTL) is a new artificial intelligence based trading platform that has interested investors who feel it will dominate the $36.5 billion crypto trading platform market. The DeFi project has loaded its platform with advanced trading instruments that are generally used by institutional traders.
The future platform will also contain trading bots that are AI powered, designed to adapt according to the trader’s pattern to increase their accuracy and profitability. In addition to this, IntelMarkets has an omnichannel analysis tool that provides detailed information, extracting data from 1,000 different sources and analyzing up to 100,000 trading instruments.
Using leverage of up to 1000:1, traders will be able to make profits from even the most minor changes in the market. Also, IntelMarkets has X21 quantum-proof security to make sure that every transaction and information is protected from future threats that may come from quantum technology.
With IntelMarkets on the verge of its launch, investors are rushing to the presale and getting the INTL coin at $0.036545. Analysts forecast the value of the token will rise to $0.10 before the end of this year.
Prove AI Launches on the Hedera (HBAR) Network
Prove AI AG, the team behind the Prove AI governance solution, has announced that it wants to develop its core product solely on the Hedera network. The platform recognizes Hedera (HBAR) as the most suitable DLT platform for the creation and development of AI governance solutions.
Prove AI aims to help enterprises responsibly and compliantly scale AI solutions by keeping track of the data that feeds the AI systems. The project will capitalize on Hedera’s (HBAR) security, transparency, and scalability. Meanwhile, the Hedera coin has been trading between $0.0475 and $0.065 in the past month, according to CoinMarketCap.
The cryptocurrency has fallen under bearish sentiment. Currently, it is trading below the 50-SMA ($0.052941). Yet, Coincodex forecasts the Hedera price might rally to $0.083861 in the next few weeks. CryptoRyan17 shares a higher target of $0.10.
Hedera (HBAR) and IntelMarkets Set for Major Rally
According to the current trend, the two leading crypto coins, Hedera (HBAR) and IntelMarkets (INTL), are expected to have a good surge and hit $0.10. For those seeking to earn massively in the next few weeks, HBAR and INTL are the best cryptocurrencies to invest in.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
