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Breaking News: Bitcoin Price Falls Under $100,000: Elliott Wave Analysis Forecasts Decline To $70,000
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Breaking News: Bitcoin Price Falls Under $100,000: Elliott Wave Analysis Forecasts Decline To $70,000

Analysts’ Price Targets for Cardano (ADA) and Sui (SUI) – This AI Token Turns Heads With 100x Potential

NewsBTC
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Last Updated: November 16, 2024 3:00 am
3 mins read

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The bulls’ reign continues as the crypto market explodes. Bitcoin hit an all-time high after soaring past $89,000 this week. With altcoins also charting upward courses and a parabolic run on the horizon, this post will cover analysts’ price targets for Cardano (ADA) and Sui (SUI).

Also in the spotlight is IntelMarkets (INTL), a new ICO. As an emerging cryptocurrency, it boasts significant upside potential and turns heads in the investment town. Moreover, given its AI-DeFi narrative, it is arguably the best new crypto to invest in.

IntelMarkets (INTL): Tipped for a 100X Rally

IntelMarkets (INTL) is the latest on investors’ radars, capturing attention with its substantial growth prospects. With plenty of room to run as a low-cap gem and a new altcoin, it has emerged as a top pick ahead of top crypto coins like Cardano (ADA) and Sui (SUI).

Approaching its launch, it costs $0.045 in the fifth stage of the ICO, having increased by 400% since the presale went live. At its current price, INTL is heavily discounted, tipped for a 100x jump in value after its launch. The unfolding frenzy has pushed it past $2 million in early funding, suggesting confidence in its potential.

Further driving interest is its AI-DeFi narrative. It combines artificial intelligence with blockchain technology and DeFi, building the first AI-powered trading platform. Unlike conventional protocols, the ecosystem will be powered by an AI-based blockchain. Its dual-chain architecture—compatibility with the Solana and Ethereum blockchains—is a distinguishing feature that will make it a strong contender in the $36 billion global crypto trading market.

Cardano (ADA): On the Rise

Cardano (ADA), one of this month’s biggest surprises, maintains bullish traction. The Cardano price soared over 90% on the weekly chart, retailing above $0.63. Approaching a breakout above $0.78—its annual high—analysts give different bullish forecasts.

A Cardano enthusiast, ADA_ONEVETCOTI, believes its next leg up will push it above $1 and $3 next. They added their “conservative” price target at the end of this bull cycle between $8 and $10, positioning it among the altcoins to watch.

Another crypto analyst, PabloCRO, sees Cardano (ADA) hitting $5 this cycle. A more modest forecast was by CryptoIRELAND1, whose target for end-of-year is $1.10. Moreover, bullish indicators like the coin price trading above the 10-EMA ($0.497) and 10-SMA ($0.455) make it one of the best coins to invest in.

Sui (SUI): Successive ATHs Created

Sui (SUI), a Layer-1 token, has made successive all-time highs this month. The latest SUI ATH was registered on November 11 after crossing $3.3. Despite a slight decline, its trajectory remains bullish. But how high can it go?

The Sui price increased over 60% in the weekly timeframe, changing hands above $3.16. Crypto analyst NFTLegendART’s end-of-year prediction for Sui is $7. With seemingly more confidence in the altcoin’s potential, MrCrypto, another crypto analyst, predicts it could hit $25 this bull cycle.

Another analyst, Crypto_caesar1, projects $8 as the “interim target” and higher in 2025. At the same time, the Sui price trading above the 20-EMA and 20-SMA are bullish indicators, suggesting it is a good crypto to buy.

Why IntelMarkets (INTL), Cardano (ADA) and Sui (SUI) are Altcoins to Watch

Leading the week in gains, Cardano (ADA) and Sui (SUI) are primed for further upswings as the bull market shifts gears. Meanwhile, IntelMarkets (INTL), a new AI altcoin, is on track to skyrocket after its launch, positioning it among the best cryptos to invest in.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Strict editorial policy that focuses on accuracy, relevance, and impartiality
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