While the wider crypto market is on the upside, Toncoin (TON) struggles with selling pressure. Following the arrest of Telegram CEO Pavel Durov over the weekend, TON plummeted by over 10%. Meanwhile, Ethereum (ETH) sails toward $3,000 amid growing interest and investor confidence.
Concurrently, Intel Markets (INTL), a novel AI-powered trading platform, enters the spotlight after soaring past $150,000 in funding, days after going live. Its impending transformation of the $36 billion global crypto trading market and massive growth prospects make it a favorite among investors.
Intel Markets (INTL): Tipped for a 50x Jump Post-Launch
Intel Markets (INTL) entered investors’ radars following a remarkable feat in presale. The new ICO went live a few days ago and over $150,000 has been raised in early funding, turning heads in the investment town.
This figure is a testament to its solid fundamentals as a novel AI-powered smart exchange protocol. By integrating artificial intelligence into trading, it is well on its way to reshaping the 36 billion global crypto trading market, making it a new project to keep on the radar.
Other key features include its 1,000x leverage, diverse asset pairs and dual-chain functionality. It supports both the Ethereum and Solana blockchains, making it stand out from most DeFi protocols. Its upside potential is another layer of appeal, with a token priced at $0.009 in the first stage of the ICO and tipped for a 50x jump post-launch.
Toncoin (TON): Price Tumble Amid Arrest of Telegram CEO Pavel Durov
Toncoin (TON), the native cryptocurrency of The Open Network (TON) blockchain, is one of the biggest highlights this year. It soared from a little above $2 at the start of the year and hit an all-time high (ATH) of $8.24 on June 15, 2024.
However, the year’s second half hasn’t been as promising, not with the recent arrest of Telegram CEO Pavel Durov. With TON’s vision being empowering developers to build a Web3 ecosystem on the Telegram messaging platform, this event has stirred FUD and contributed to a huge price decline.
Since this unfortunate incident, the Toncoin price has plummeted by over 10%. Selling pressure continues to dwindle as the chances of Durov’s release get slimmer with each passing day. Nevertheless, according to a trending Toncoin price prediction, a comeback will play out in the coming weeks, reclaiming the $6.5 support.
Ethereum (ETH): Poised for a Jump Toward $3,000
Ethereum (ETH), the leading altcoin, saw significant gains in the past week. It trades in tandem with the wider crypto market as it reclaimed the $2,700 support and nears $3,000. Alongside the overall market bounce, growing demand for its DeFi solutions and rekindled interest in memes are also bullish catalysts.
However, on August 23, the Ethereum Foundation sent about 35,000 ETH, worth roughly $94 million at the time of writing, to a wallet identified as a Kraken deposit address. This was enough to stir up FUD, although clarification has since been made: the transfer was to help balance the book and not necessarily “a sale.”
The Ethereum price has been fairly stable, gearing up for its next jump toward $3,000. Moreover, huge inflows into ETH ETFs have captured investors’ attention, who are already strategizing ahead of what might be a big leap.
Conclusion
Toncoin plummeted by more than 10% following the arrest of Telegram CEO Pavel Durov. Meanwhile, Ethereum sails toward $3,000, while Intel Markets entered investors’ radars. This emerging cryptocurrency, INT, has been hailed as the next big thing—a new DeFi project to bet on.
For the latest updates and information, visit the official Intel Markets Website.
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