In recent times, tokens in the crypto market have performed better than they have in years. While the bounce in BNB prices above the $600 support level has garnered significant attention, Solana-based memecoin Peanut the Squirrel (PNUT) has captivated crypto enthusiasts with an astonishing 16,000% surge.
As investors seek the next altcoin that could replicate PNUT’s remarkable rally, experts are highlighting IntelMarkets as a potential contender. What are the reasons behind this prediction, and how can investors position themselves for potential gains? Find the details below!
BNB Price Rises Amid Binance Labs Investments
BNB had been relatively stagnant at the $600 support level, lagging behind Solana in the market. However, with a rapidly growing $10 billion portfolio, Binance Labs is actively diversifying its investments into platforms like Kernel to bolster its potential.
Kernel focuses on improving the security and utility of DeFi and other crypto applications on the BNB network. The investment follows other recent initiatives by Binance Labs, including backing Lombard for Bitcoin liquid staking and investing in BIO Protocol for decentralized science.
These investments are not only improving the Binance platform alone but are boosting the BNB price as well. In the last 7 days, the BNB price has surged over 6%, bouncing above its $600 support. The BNB price is showing potential to rise up to $752 in the coming weeks.
PNUT Rallies 16,000%, Influenced By Elon Musk
Peanut the squirrel (PNUT), a memecoin powered by the Solana blockchain recently rose to fame, influenced by Tesla CEO Elon Musk. PNUT’s rally began following a post from Elon on social media platform, X. The post was interpreted as a subliminal endorsement for PNUT by crypto enthusiasts.
Consequently, the social media storm catalyzed an unprecedented buying spree of the PNUT token. PNUT saw its trading volume rising rapidly over $2 billion, while its market capitalization reached a staggering $130 million, in a space of 3 days after Musk’s post.
The price of PNUT also rose significantly by 16,000% to a $1.70 level. This surge was driven by increased investor activity around the memecoin, with investors and traders rushing to take part in the hype. PNUT’s bullish momentum is still on, especially now that whales have entered its market.
Join IntelMarkets’ (INTL) Presale For Potential 16,000% Gains
One would expect the next altcoin to recreate PNUT’s 16,000% to be a memecoin as well, but analysts have another token in mind, and it’s none other than AI utility token, IntelMarkets (INTL).
Currently in its sixth stage of presale, INTL is gaining attention for its potential long-term growth. This native token is pivotal for accessing IntelMarkets’ AI-powered trading tools, which offer real-time data insights to help users maximize profits while minimizing costs, ensuring a seamless trading experience.
Moreover, the presale of this utility token continues to witness rapid investor adoption. Tokens can be purchased now for $0.05, with a discount of 20% when users use the “INTL20” bonus code. Investors who want to profit from IntelMarkets’ potential 16,000% surge, are joining the presale now. You should too!
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