The cryptocurrency market has been shaken by a recent legal victory for Elon Musk and Tesla. The billionaire entrepreneur successfully defended against allegations of manipulating Dogecoin (DOGE) prices, sending the meme coin a hope to rebound.
Meanwhile, other meme coins like PEPE are facing headwinds. Despite positive metrics, PEPE’s future remains uncertain as it steers through a challenging market. In contrast, a new AI-powered trading platform, IntelMarkets (INTL), is gaining traction with its innovative approach and promising potential for investors. Let’s see what is the hype about.
Musk Wins DOGE Lawsuit: Price Rebounds?
Despite current market volatility, (DOGE) saw a tiny rise to $0.102 on Saturday. The recent victory of Elon Musk and Tesla in the DOGE manipulation lawsuit is what’s driving the positive outlook. Although DOGE rebounded to its previous low level right after showing a 5.6% price drop in the last 24 hours, trading at $0.0957.
Musk made his most recent statements following his win in an investor-filed case from June of last year, in which the investors accused him of engaging in insider trading. It was alleged by Dogecoin investors that Musk had inflated Dogecoin values through a variety of means, including his X postings and TV appearances, manipulating the currency.
U.S. District Judge Alvin Hellerstein, however, rejected the allegations on August 29 after finding that Musk’s statements were unfalsifiable. The investors also alleged that Musk had traded Dogecoin through a variety of entities, including Tesla. The judge, however, wasn’t convinced that the acts qualified as market manipulation or insider trading.
Besides this lawsuit victory, Elon Musk, the CEO of Tesla, intends to allow Dogecoin to be used again as a form of payment for merchandise-buying transactions. It is yet to see the market’s reaction to this news and to actually see if DOGE can claim its previous highs after these updates.
Falling Wedge or Falling Trap? PEPE’s Uncertain Future
PEPE, the meme coin with a frog theme, has also faced difficulties steering through the current market condition. The price of the token has decreased by 6.7% to $0.000007123, which is in line with the general market decline. Despite a recent 2% weekly increase, PEPE is still down 24% over the last month, suggesting continued concerns.
Although the token’s price is trading in a falling wedge pattern, which may indicate bullish reversals in the near future, recovery may be hampered by immediate resistance levels between $0.00000872 and $0.00000952. Given that the ratio of short to long holdings is larger, the market seems cautious and suggests skepticism among investors. Despite this, PEPE’s long-term growth is still noteworthy, having increased by a massive 822% in the last year.
AI-Driven Profits: IntelMarkets’ (INTL) Secret Weapon
The hottest new cryptocurrency right now, IntelMarkets (INTL), is a combination that has never been seen before, a combination of AI and DeFi trading.
With its distinct strategy as an AI-powered trading platform, it stands a good chance of competing in the global cryptocurrency trading industry which is estimated to be around $36.5 billion. The presale has been selling out quickly as every investor wants to be an early adopter.
As the presale is in its very first round of the ICO, the IntelMarkets (INTL) token only costs $0.009. This inexpensive entry point adds to the attractiveness, as does the project’s enormous growth potential. Industry insiders predict a 100x increase in value following its launch, positioning it as an investment favorite for enormous profits ahead of well-known cryptocurrencies like Dogecoin (DOGE) and PEPE.
Beyond the profits, it’s a risk-free investment thanks to its smart contract audit. IntelMarkets (INTL) provides traders with leverage up to 1000 times their investment, hence enabling them with possibilities never seen before. By having access to the most capital, traders may increase their market exposure. The cherry on top will be trading from a single margin account while managing several positions with the same collateral.
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.
 has taken the investors on their heels with its 1000x leverage feature, while Dogecoin (DOGE) shows signs of life and PEPE continues its freefall.){kind=link}