Top Ether Whales Show Interest in New Intel Markets (INTL) Presale, Blockstream CEO Predicts 90% Price Drop for ADA
Amid the recent beef in the crypto community between Bitcoin advocates and the Cardano community, Blockstream CEO forecasts a 90% price reduction for Cardano. In other news, the number of Ethereum whale transactions has plummeted.
On the flip side, there has been an increase in whale activity around a new crypto project called Intel Markets. Intel Markets is an AI-based crypto trading platform that aims to revolutionize digital currency trading.
Cardano (ADA) To Nosedive 90%, Says Adam Back
Adam Back, the CEO of Blockstream and an influential personality in the Bitcoin community, has made a negative forecast for Cardano (ADA). According to him, the value of Cardano ADA might plunge by 90% in the coming weeks.
This statement came after Cardanos founder, Charles Hoskinson, said Bitcoin is losing its touch. In the meantime, the Cardano price is on a downtrend. It has been trading below the $0.4 region in the past month. The cryptocurrency market is even ranging from $10-$15 billion.
Despite Adams negative prediction, Cryptosahintas forecasts that the price of Cardano could jump to $0.65 in the coming months. However, the coin must cross the resistances at the 50-Day SMA ($0.375442) and 200-Day SMA ($0.478418).
Ethereum (ETH) Whale Transactions Plummets
According to data from market intelligence platform Santiment, Ethereums total whale transaction volume (ETH) has decreased recently. Between March 13 and March 19, Ethereum whales transacted over $100k 1151K.
This number decreased to 318K transactions from August 21 to 27. However, Santiment pointed out that such a drop does not mean people are rushing to the market to sell off. In the meantime, Ethereum is down on the weekly and monthly charts.
The ETH market cap has been ranging between $260 billion and $360 billion on a monthly basis. Despite the launch of the Ethereum ETF, the cryptocurrency has failed to record any major gains. Still, it could test the 200-day SMA ($3,198.77) in the coming weeks.
Intel Markets (INTL) Positions Itself For Massive Growth
According to recent data, the crypto trading platforms market was worth over $2.1 billion in 2021. This value is expected to rise to $264 billion by 2030. Intel Markets (INTL) is a new trading platform that is perfectly positioned to change this potentially mammoth market.
Intel Markets is a unique trading platform that plans to use AI and blockchain technology to allow traders to enjoy fast and cheap transactions. Intel Markets will also allow its users to trade perpetual future contracts. Such contracts offer traders high leverage levels, high liquidity, risk management tools, and 24/7 trading.
Additionally, Intel is a dual-chain platform. It supports Solana and Ethereum blockchains, allowing holders to enjoy the best of both worlds. In terms of security, Cyberscope has evaluated the platforms smart contract.
In the meantime, Intel Markets is in the first stage of its ICO, and it has been gaining ground, raising over $220k in its first week. Analysts forecast the price of its native token, INTL, will increase by 1,100% in the coming months. So, be on the lookout.
Why Ethereum Crypto Whales Are Pulling Up for Intel Markets
Intel Markets is just in the first stage of its presale and has already seen large interest. Besides, analysts forecast the price of Intel Marketss INTL will rise by 1,100% in the coming months.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
Text source: ZyCrypto
