The crypto market’s decline has led to dwindling interest in top crypto projects like Shiba Inu (SHIB) and Toncoin (TON). SHIB trades below key support and faces further downswings, while TON’s rising selling pressure makes it less appealing.
Conversely, FOMO (fear of missing out) drives huge participants into the IntelMarkets (INTL) presale. Its impending adoption as an AI-powered exchange protocol and massive growth prospects make it the latest investor favorite.
IntelMarkets (INTL): Primed for Massive Adoption
IntelMarkets (INTL), the buzz of the moment, has captured the hearts of investors. The presale went live a few days ago but over $220,000 has been raised in funding, highlighting growing FOMO. Driving interest are its astounding upside potential, tokenomics and impending transformation of the crypto trading landscape.
Its unique contribution is an AI-powered trading platform, which will put it at the forefront of crypto trading. By merely connecting wallets to the platform, users will experience the future of trading—diverse asset pairs and speed without compromising security.
Another layer of its appeal is the token’s distribution, with the largest chunk going to presale. 70% of the total 2 billion token supply is allocated to public sale, 10% to funding and testing, another 10% for support and bounty to partners, 7% to founders and the remaining 3% to the team.
With the presale selling out fast, there might not be a better time to become an early adopter. Top crypto experts project a 100x rally after listing—a more promising alternative to Shiba Inu and Toncoin.
Shiba Inu (SHIB): 5% Decline on the Weekly Chart
Shiba Inu (SHIB), a fun-themed cryptocurrency and the leading memecoin on the Ethereum blockchain, trades on the downside. Despite its leading status and intersection with utility, interest is on the downside, contributing to its downswing. This poor performance can also be linked to the overall market decline.
In the past week, the Shiba Inu price was at a high of $0.000014, tumbling by 5% to a low of $0.000013. This downturn is reflective of the wider market’s sentiment: cautious. Investors are rather holding stable cryptocurrencies or investing in less volatile crypto assets besides memes.
However, rekindled interest in crypto or memecoins will push the Shiba Inu coin upward. A breakout above $0.0000155 is anticipated before the end of Q3, placing it on investors’ radars. Until then, we recommend being cautious.
Toncoin (TON): Further Decline Below $4?
Toncoin (TON), the Telegram-based cryptocurrency, was one of the biggest winners in the year’s first half. However, things went south after the arrest of Telegram founder Pavel Durov. The Toncoin price lost key price levels, with further downswings not out of the question.
On the weekly chart, Toncoin tumbled over 15%. This bearish pressure extends to the monthly timeframe, down by 10% from a high of $7.1 to $4.5. This notable price drop, while reflective of the overall market sentiment, is also a consequence of internal FUDs.
A Toncoin price prediction by a top analyst hints at a drop below $4 before the week’s end. We might see an upward trend afterward, which interestingly makes it heavily discounted at the current price. Nevertheless, we advise not throwing caution to the wind.
Conclusion
Amid declining interest in Shiba Inu and Toncoin, IntelMarkets sells out fast in presale, capturing investor interest. Its 100x upside potential and low token price of $0.009 drive huge demand. To make the most of this wave, we recommend grabbing a bag.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.