A tidal wave of cash is about to hit the market, with a $7 billion money supply increase potentially propelling Ethereum (ETH) to a staggering $10,000.
But wait, there’s more! AI tokens are soaring thanks to a tech giant partnership and government support, with NEAR Protocol experiencing a 30% surge in just one week.
And to top it all off, IntelMarkets (INTL), the revolutionary AI-powered trading platform, is offering a mind-blowing 1,100% growth potential in its red-hot presale. Let’s take a look in detail.
A $7 billion rise in the money supply could impact Ethereum’s (ETH) power to reach $10,000, an event that is often associated with the M2 Money Supply indicator, which measures the amount of money in circulation.
When the Federal Reserve (FED) lowers interest rates, as it occurred recently, borrowing becomes less costly, typically resulting in an increase in the M2 money supply as consumers and companies get access to more capital.
This increase in money supply may drive investment in a variety of asset sectors, including cryptocurrencies such as Ethereum (ETH). With increased liquidity in the financial system, investors seek assets that can offset inflation or deliver higher returns than conventional investments, making cryptocurrencies more appealing.
In previous cycles, when the M2 supply expanded after the FED rate reduction, the extra liquidity resulted in huge inflows into the crypto market, propelling prices upward.
If this $7 billion infusion into the money supply occurs, it may act as a catalyst for ETH’s price increase. This rising demand, along with ETH’s regulated supply growth, might propel the cryptocurrency above $10,000, particularly if the wider market attitude continues being bullish.
Although the Fed-triggered market recovery had a role in the optimistic movements seen in the AI crypto space, the most recent partnership between Nvidia and Alibaba Cloud further boosted confidence. AI-related tokens often increase dramatically in tandem with news surrounding the massive tech company Nvidia.
Aside from Nvidia updates, AI assets increased after US presidential candidate Kamala Harris announced intentions to provide a profitable environment for cryptocurrencies and AI in the US.
As AI cryptocurrencies drive the market’s rebound, Near Protocol has become one of the top gainers. The cryptocurrency saw a sharp 30% spike in only one week, rising from a weekly low of $4.309 to a press time value of $5.22.
Strong rising momentum is seen in NEAR, and the increased trading volume suggests that investors have a great deal of trust in further increases.
Technical data lends credibility to the optimistic outlook. To validate trend reversals, NEAR emerged from a decreasing channel setup. Furthermore, a double-bottom pattern’s completion suggests a potential rally.
The current surge approaches the pattern’s neckline at $5. Additionally, the 10% rise over the previous day creates an engulfing, bullish candlestick.
IntelMarkets (INTL), another cryptocurrency, is capitalizing on the ongoing AI surge waves. IntelMarkets, an AI-powered cryptocurrency trading platform, is seeing increased popularity due to its powerful AI technology. It provides traders with a competitive advantage via features such as multichannel analysis and self-learning trading robots.
Experts believe that IntelMarkets improves traders’ capacity to deliver better outcomes. Traders may use the platform to better manage deals and make educated choices based on real-time data and trends.
Because it provides comprehensive market insights by analyzing over 100,000 crypto assets from 1,000 distinct sources, traders may profit from even the tiniest market movement.
IntelMarkets also provides traders with self-learning trading robots powered by Rodeum AI that learn from their users’ trading history. These robots assist in managing risk, trading objectives, and profit targets using an automated approach.
IntelMarkets’ presale is off to a solid start, with over 14,060,612 tokens already sold in its recently launched presale stage 2. INTL is currently available for $0.019. With an anticipated launch price of $0.11, INTL has a gigantic growth potential of more than 1,100%.
Tier-based prizes and continuous bonuses increase the value of INTL. The platform’s audit gives investors a sense of security, providing a safe investment supported by quantum-proof protocols and transparent public holdings.
Adding to the adrenaline, IntelMarkets offers leverage options of up to 1000x, allowing traders to extend their holdings. With analysts anticipating a 10,000% increase upon listing, INTL is poised to create waves in the cryptocurrency sector.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.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.
Bangalore, India, 26th September 2024, Chainwire
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