Investors are left disappointed with their bleeding portfolios as once-leading crypto coins Avalanche (AVAX) and FET suffer persistent bearish trends. As investors steer through this situation, a ray of hope has emerged that has caught their attention and causing a mass exodus from these projects.
We are talking about IntelMarkets (INTL), an AI-powered powerhouse aiming to democratize the AI-trading world. Not only this, but investors are anticipating 25x or even more profits taking notice of its viral presale. Let’s take a deeper look at these trends.
Many investors are disappointed with Avalanche (AVAX) after a string of setbacks, including a sharp decline of more than 50% due to security lapses in its ecosystem. In a recent update, Avalanche’s (AVAX) official X account informed the public that their Discord channel was also hacked. “SECURITY ALERT: please do not interact with any accounts or click any links until further notice. The official Avalanche (AVAX) Discord has been compromised,” the post on X stated.
The attackers gained access to Avalanche’s (AVAX) Discord account, just like they did with Polygon (MATIC) a day earlier. Consequently, the daily trading volume of Avalanche (AVAX) has decreased by 12,85% to $294 million. With a current price of $23.97, Avalanche (AVAX) has been down by 2,6% on the weekly charts, despite a 16.24% decrease during the previous month.
The market value of Fetch AI (FET), an AI-driven cryptocurrency, has been declining. This dip is an extension of the overall downward trends in cryptocurrency markets that followed a large sell-off in US stocks. The market is focused on Nvidia’s upcoming earnings report, which is highly anticipated. Fetch AI’s trading activity has been affected by this uncertainty, which has caused it to move into a bearish trend.
In recent cryptocurrency events, the Fetch.ai Foundation sent 5 million FET tokens worth about $6.4 million to the wallet address “0x925e”.
Subsequently, the receiver wallet “0x925e” transmitted 1 million FET tokens to the prominent cryptocurrency market Binance, totaling around $1.28 million.
This series of significant transactions may be one of the things driving the current price swings and may also add to market instability.
A further decline to the crucial support level of $1.2 is possible if the negative momentum continues, particularly if Bitcoin stays near $60,000. In these circumstances, FET’s bearish trend may persist.
Within days of its official launch, the Intel Markets (INTL) initial coin offering (ICO) raised over $180,000 in funding. This massive inflow and display of interest speak much about its potential and whales. These numbers include investment from not only retail investors but also whales of some well-known, established projects.
It has entered the crypto scene with a huge aim, which is to transform the worldwide crypto trading way, which is worth $36 billion. They are planning to bring on this revolution by democratizing AI-powered trading for investors of every level.
It combines artificial intelligence (AI) with cryptocurrency trading to create a smart trading platform that places users in the top 1% of traders. Additionally, features like 1,000x leverage, copy trading, and powerful trading tools, including real-time market data and charting software, will help traders execute trades precisely.
A strong sense of trust in its potential and offerings is shown by the overwhelming demand in the current presale. Whales of Avalanche (AVAX) and FET have been interested even more in seeking a safe haven in this AI project, given their bleeding portfolios amid the AVAX and FET downturn.
This might be the best time to invest because the presale is still in its early stages, considering the anticipated 45x increase in value following the launch.
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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.
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