.png)
2 months ago
3
ARTICLE AD BOX
A top crypto trader says the value of Solana could dip massively to $33 in the coming three weeks. This prediction has caused a lot of tension in the crypto market.
Meanwhile, a new trading platform, Intel Markets, is set to take on the memecoin boss, Dogecoin. Analysts say its utility as the native token of a crypto exchange gives it the hedge over Dogecoin.
Solana (SOL): Analysts Predict Massive Price Drop To $33
A top analyst, Alan Santana, recently took to TradingView to give his price prediction for Solana (SOL). The trader believes the value of the Solana coin could drop to $33 in the following days if bearish sentiment persists.
He said this massive price drop could occur in the next 21 days. If this happens, we might see the Solana price dumping to this $33 level by September 19th. In the meantime, the Solana crypto price is oscillating around the $100-$200 mark on the monthly timeframe.
Over the last month, SOL’s market cap has been around the $50b-$90b mark. Analysts forecast the token’s value might jump to $185.26 in the coming weeks. Conversely, a bearish move could push its price to a 50-day SMA ($155.57).
Dogecoin (DOGE) Miners Go on Selling Spree
According to an analysis of Santiment’s Dogecoin (DOGE) data, miners have been selling some of their holdings. This sell-off is visible in the drop in the amount of Dogecoin held by miners. Such a move shows sellers are not confident about the future of Dogecoin crypto.
They might be afraid the cryptocurrency’s price will fall in the coming weeks. Meanwhile, IntoTheBlock’s data reveal that 4.7 million DOGE addresses are in profit, about 73% of the total addresses.
In the meantime, Dogecoin’s price is up weekly and biweekly. The meme coin’s market cap oscillates between $12 billion and $22 billion monthly. Analysts forecast that the value of the Dogecoin token could test the 50-day SMA ($0.114018) in the coming weeks.
Intel Markets: The Best Crypto Trading Platform for Newbies and Professionals
Intel Markets (INTL) is a dual-chain exchange that seeks to give expert and new traders access to modern trading tools. The dual-chain means Intel Markets is operational on two blockchains, Ethereum and Solana. This dual-chain structure offers many benefits to traders.
It turns Intel Markets into a flexible trading platform where traders can enjoy state-of-the-art advanced trading tools at top speed, low fees, and high throughput. In addition, they get to enjoy the platform’s flagship AI trading bot, which has many advantages. Traders can use it to monitor price movements, analyze market trends, and forecast potential targets.
Another unique feature of Intel Markets is its connection to the perpetual futures market. Traders can trade perpetual futures on the platform 24/7 while enjoying high liquidity. Intel Markets is still at the first stage of its presale and is valued at $0.009. Analysts say its price will increase to $0.11 before the year ends.
Can Intel Markets Outshine Dogecoin?
With recent technologies and high interest, analysts believe Intel Markets will rise to the top of the crypto trading market in the coming weeks. Also, Intel Markets’ connection to the perpetual futures market, which had a daily trading volume of over $100 billion, will help it outshine Dogecoin.
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.
English (US)