War is brewing in the crypto market as a new entrant is set to challenge the dominance of Avalanche (AVAX). The newcomer, IntelMarkets, is integrating AI technology into its upcoming trading platform to increase traders’ chances of more profits.
Analysts argue such an approach could lead to a massive price surge in the future. Meanwhile, a recent report showed that the Shiba Inu (SHIB) community burnt 2.37 billion SHIB in September.
Avalanche (AVAX), the native token of the Avalanche (AVAX) network, is currently under mixed sentiment, given the recent onslaught in the crypto market. Data from CoinMarketCap shows the value of the altcoin has dipped by 12.1% in the weekly timeframe.
However, Avalanche crypto is still bullish on the monthly timeframe, with a gain of 10.7%. Analysts are still maintaining a positive outlook for the cryptocurrency despite the downtrend in the market.
DaghanTrading posted a chart on X, which showed the value of the token rising to $32 and then higher in the future. In the meantime, the Avalanche price is consolidating between $24.37 and $30.65 on the weekly level.
The cryptocurrency is trading close to the 50-SMA at $24.73, a sign bulls have not given up. However, the condition of the general market would determine Avalanche price movement.
According to Shibburn, a SHIB token burning tracker run by the community, 2,378,422,108 (2.37 billion) Shiba Inu (SHIB) tokens were burned in 131 transactions in the last month.
This means that the total SHIB burned in September was 249.36% higher than the total burn the community had in August. The Shiba Inu (SHIB) community burned only 681 million SHIB in August in six separate transactions.
Meanwhile, the increase in the burn rate of the memecoin coincides with the latest price surge by Shiba Inu coin. The value of the cryptocurrency had soared to a monthly peak of $0.00002156.
Sadly, the uptrend did not last, and the Shiba Inu price has plummeted to former lows. Still, analysts are optimistic about the token. Coincodex forecasts the value of Shiba Inu crypto could rally to $0.00003517 soon.
IntelMarkets (INTL) has taken the front line as the most preferred cryptocurrency ICO for investors in the past few months since its launch. So far, the project has secured $910k, and the current target is to raise $1 million before the end of October.
Also, those who bought the INTL token at $0.009 now have 200% ROI as its price has increased to $0.027364. Analysts forecast another rally of 200% could occur before the end of October. Such confidence comes because of the team behind IntelMarkets.
The team comprises technology experts from top companies such as Google, OpenAI, Renaissance Technologies, and Goldman Sachs. They are planning to create an AI-based platform where investors can use trading bots to trade different assets.
The trading bots can be adjusted by the trader on the amount of capital to be used depending on the trader’s risk appetite. Moreover, IntelMarkets Intelli-M Multi-channel analysis can analyze aggregated data feeds from many sources. The aim is to provide retail traders with enough information to make informed trading decisions. It also increases their chances of making profits.
As IntelMarkets pushes forward with its innovations in the use of AI, it is well-positioned to overcome Avalanche (AVAX) in the coming months. Analysts say IntelMarkets’ foray into the AI market, which is worth billions of dollars, could increase the adoption and price of its native token, INTL, in the next few months. Such potential makes IntelMarkets a good DeFi project to be part of.
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.
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