Shiba Inu and Tron investors are flocking to a new platform, Intel Markets, to trade perpetual futures. The platform has a lot of tools which we shall discuss in this article.
Meanwhile, the Lead developer said Shiba Eternity is not part of the K9 ecosystem. Also, Tron has the highest number of daily active addresses.
Shiba Eternity, Not Part of K9 Ecosystem, Says Shiba Inu Lead
In a recent tweet, Shiba Inu lead developer Shytoshi Kusama revealed that Shiba Eternity is still part of the Shiba Inu ecosystem. It is not part of the K9 ecosystem. Kusama made the comment while replying to a tweet by the co-founder of K9 Finance.
The Shiba Eternity is a card trading game launched in 2022. In other news, the Shiba Inu coin is under mixed sentiment. Although it is bullish on the weekly chart, it is bearish on the monthly timeframe.
The cryptocurrency’s market cap is fluctuating between $6 billion and $11 billion. The Shiba Inu price is currently close to the 50-Day SMA ($0.00001568) and could turn it into support at any time.
Tron (TRX) Tops Daily Active Addresses
IntoTheBlock reports that the daily active addresses on the Tron network stand at approximately 2.56 million. This is more than that of Toncoin, which is second with 2. 23 million. The third position goes to Bitcoin with 675k daily active addresses.
What has led to this high number of active addresses for Tron is the rise in the trading volumes that are being conducted on the TRX network. This is because of the increased focus on the Tron-based memecoins. Interestingly, Tron price has also benefited from the rise in activity.
CoinMarketCap data shows the cryptocurrency is trading in the green region on the monthly chart. The Tron coin is also above the 50-Day SMA ($0.135112). Also, Tron’s market cap has increased in the past month from $10 billion to $14 billion.
Intel Markets: A Safe Place To Trade Perpetual Futures
Intel Markets (INTL) is slowly becoming a safe haven for investors seeking to trade perpetual futures. The project can be classified as being in a very large market. Perpetual contracts, for instance, have been traded for over $60 trillion since 2020, according to the research. There are quite a number of advantages of trading perpetual futures on Intel Markets.
One of them is leverage. Intel Markets has a high leverage of 1000x, which allows investors to take large positions and make more profit. Also, Intel Markets has risk management tools that traders can use to protect their investments from losses. Other benefits are 24/7 trading and high liquidity. These options are not available on the spot trading market.
In addition to the features, Intel Markets has an AI trading bot. Investors can use the bot to monitor the market and predict price targets. They can even teach the bot on the ways to trade. Within the first few days of the presale, Intel Markets was able to raise more than $170k, and the token’s current price is $0.009. Analysts have put the target price at $0.50 for INTL before the end of the year.
Why Are Shiba Inu and Tron Users Trading Perpetual Futures on Intel Markets?
Intel Markets has a lot of features that traders can take advantage of to increase their chances of making profits. It even has an AI trading bot that can analyze trades.
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