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Solana-based meme coin deployer Pump.fun has reached $100 million in revenue. Also, due to censorship, Charles Hoskinson plans to build a decentralized social app in Brazil.
Meanwhile, Intel Markets’ presale is the best in the market. It is selling like hot cake, raising more than $220k in the first stage of its presale.
Solana (SOL) Memecoin Deployer Reaches $100M In Revenue
Solana-based memecoin deployer Pump.fun has set a new record. It has achieved a revenue of $100 million. The platform started its operation in January, and it took only eight months to achieve the milestone, showing the level of memecoin activity on the Solana blockchain.
On the other hand, the Solana coin has not benefited from the high activity. Due to increased selling pressure, it has dropped below the $140 mark. The Solana token is currently mirroring the bearish sentiment in the crypto market.
Analysts expect more future downturns With cryptocurrency trading below the 50-day SMA ($156.13) and 200-day SMA ($147.85). They believe Solana could retest the $120 support soon.
Cardano (ADA) To Launch Decentralized Social App in Brazil
Charles Hoskinson, the founder of the Cardano blockchain, has disclosed his plans to develop a decentralized social media platform in Brazil. This comes after tensions between the country’s judiciary and social media platform X.
Brazil plans to block the X platform and sanction those using VPNs in the coming days. In the meantime, Cardano’s Chang Hard Fork has gone live. This means the Cardano blockchain is closer to becoming a decentralized platform with a DAO.
However, the Cardano coin continues to trade in the red region. The ADA market cap has dropped under $12 billion for the first time in over two weeks as its price retested the $0.330 support. It trades below the 50-day SMA ($0.377542) and could drop lower in the coming weeks.
Intel Markets To Give Early Holders 1,100% ROI
Intel Markets (INTL) is a multi-blockchain and AI-based exchange that aims to allow new and experienced traders to trade using today’s modern technologies. This makes Intel Markets a highly efficient trading platform where traders have access to the latest advanced trading technologies, low costs, and high performance.
Also, the platform offers its users the most important feature of the platform – an AI trading bot, which has several advantages. It is useful for traders who want to track prices and trends. They can also use it to set possible price targets. Another exciting aspect of Intel Markets is that it is linked to the perpetual futures market, which had an average daily trading volume of $101.9 billion in 2022.
These traders can trade perpetual futures on the platform at any time of the day and night and with high liquidity. Currently, Intel Markets is in its presale stage, and the token value is currently at $0.009. Experts have predicted that this price is going to rise to 1,100% in the coming months.
Why Are Solana and Cardano Crypto Holders Showing Interest in Intel Markets?
Intel Markets is already creating buzz in the crypto space weeks after the start of its presale, raising over $220k. Analysts forecast the price of Intel Markets will rise by 100% in the coming weeks. Currently, INTL is valued at $0.009, making it a great buy.
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.
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