Utility-driven altcoins are racing to attain the price level of $1. Among the leading competitors in the market, let’s analyze Cardano(ADA), Dogecoin(DOGE), and IntelMarkets, which have different use cases and investor bases. We have combined all the major details about this altcoin race.
IntelMarkets(INTL)
In the middle of increasing sentiment investors are betting more on utility tokens that have real-world applications. Intel Markets(INTL) is an AI-based trading platform that is compatible with Solana and Ethereum blockchains. It is gaining attraction from investors. The integration of AI with Blockchain technology and DeFi has shifted the market’s attraction from top altcoins like Cardano(ADA) and Dogecoin(DOGE). The coin’s presale is selling out quickly. It reached $55,000 earlier this week.
IntelMarkets(INTL) is an innovative project at the intersection of AI and Blockchain. The project aims to reshape the $36 billion global crypto market. The crypto trend continues to create a buzz among investors. It has shown the signs of the biggest presale this year.
In the second stage of the ICO, experts believe that the selling price of the token $0.018 is heavily discounted. The project raised a fund of $550,000 which suggested investor confidence. The project has managed to build a solid foundation ahead of its anticipated launch. InterMarkets managed to shift the focus from DogeCoin and Cardano with a 6500% upswing projected after its debut.
The blend of AI, Blockchain, and DeFi is capturing the interest of the crypto ecosystem. The protocol is designed to integrate AI into all levels and become the first new-generation trading platform. The trading robots of the platform are trained in over 100,000 data points contributing to the attraction of the platform. More interestingly these robots are designed to perform rigorously technical calculations from multiple markets in seconds. The robots are also equipped to self-learn from their mistakes and track data in real-time.
DogeCoin(DOGE)
DogeCoin is one of the top 10 cryptocurrencies. DOGE was launched in 2013 as a meme coin inspired by a cute Shiba Inu. Since its launch, it has become one of the top altcoins in the market.
Dogecoin resumes its upswing along with the market trend. With the bullish trend, the price of DogeCoin is up 4.5% on the weekly charts. The coins trade above the $0.1 support that clears the path toward the next resistance.
Experts are predicting further upswings as the final quarter of the year approaches. The predictions on popular DogeCoin suggest that DogeCoin is on track to hit the target $1 mark. The coin is ready to soar past the current all-time high value of $0.7. This expected growth potential makes it one of the top cryptos for investment.
Cardano (ADA)
Cardano is in its growth phase like the rest of the crypto market. The DeFi platform allows the creation of decentralized applications(dApps) by lending real-world applications. The recent Chang hard fork introduced on-chain governance to the platform.
The last week showed an impressive price hike of the coin up to 10% and trades above $0.38. The token formed a strong base at the $0.30 support with $0.42 and $0.50 as the next levels to watch out for.
Final Analysis
The overall outlook for the next year seems to be more promising. As the Q4 approaches the market expects a period of intense buying pressure that supports the coin to reach $1. As per the current trend, the coin has the potential to reach this target before the end of this year. As per these analyses, Cardano is one of the best cryptos to invest in.
All three projects have a competitive edge in the market. The long-term scalability and Defi use cases of the ADA are favorable to becoming a reliable investment option. In the case of DogeCoin, the support from the community will help maintain sustained growth regardless of the challenges experienced. IntelMarkets presents a potential opportunity in the short-term cutting-edge AI trading tools and advanced ecosystem that may enable the token to propel ahead of ADA and DOGE.
The cryptocurrency market predictions cannot always be accurate. The volatile nature of the market is unpredictable and hence requires your special attention to detail before investing. As the future of the altcoins seems to be on the brighter side of the crypto ecosystem, we can hope that investors gain traction.
Shiba Inu Partners With Shiro Neko To Launch Dual-Staking Mechanism
