In the ever-fluctuating crypto market, groundbreaking altcoins like IntelMarkets (INTL) are capturing significant attention. This rising star in the decentralized arena has already drawn the interest of major investors, known as whales, from prominent projects such as Avalanche (AVAX) and Polygon (MATIC). Continue reading to discover what industry experts predict for these leading altcoins amidst the unpredictable market conditions.
Polygon’s transition from its MATIC token to the new POL token has become a hot topic within the crypto community. This major upgrade is set to make waves for the Layer-2 Ethereum altcoin by introducing new tokenomics and implementing critical adjustments to tackle upcoming challenges faced by the community.
For most users, this transition will be seamless and automatic, with no manual intervention required. MATIC tokens will be converted to POL tokens, which will become the primary staking tokens on the blockchain. As one of the top 15 altcoins globally, this shift is anticipated to have a substantial impact on Polygon (MATIC).
In the short term, however, Polygon (MATIC) is experiencing persistent selling pressure from investors. The altcoin has dropped over 2% on daily charts and 15% on weekly charts, reflecting significant investor uncertainty regarding this monumental shift.
Experts suggest that it may take some time before Polygon (MATIC) reaches the $1 mark due to the uncertainty surrounding this move. Currently, MATIC faces strong resistance around the $0.50 level and needs to regain momentum under the new POL ticker before any significant upward movement can be expected.
Recently, the AI trading platform IntelMarkets (INTL) announced the initial development of the Route X21 protocol. This quantum-resistant protocol aims to enhance security for DeFi assets at the blockchain layer, protecting users from challenges posed by the rapid advancements in quantum computing power.
In addition, IntelMarkets (INTL) has secured a $1 million grant from investors based in the UAE to support the development of this protocol. This technical innovation is set to push the boundaries of decentralized security, ensuring blockchains are future-proof.
The viral AI platform IntelMarkets (INTL) has seen exceptional success during its ongoing presale. Over 2,200 investors have signed up, and more than $220,000 has been raised. With a core team comprising former executives from Open AI, Renaissance Technologies, and Goldman Sachs, crypto experts foresee IntelMarkets becoming a game-changing deployment of artificial intelligence in the crypto space.
On another front, Avalanche (AVAX) is also facing sustained selling pressure from bearish investors. The price of AVAX fell below $21.75 on daily charts as part of an ongoing downturn that has seen a 9.5% drop on weekly charts. Market activity indicates that investors are moving towards spot holdings as broader cryptocurrency conditions exhibit a bearish trend.
On AVAX/BTC charts, Avalanche has decreased by 1.75%, highlighting a growing shift towards Bitcoin holdings among investors. Furthermore, on-chain data reveals that Avalanche investors are rapidly incorporating the viral IntelMarkets (INTL) token into their portfolios.
IntelMarkets (INTL) stands out in a volatile market with its unique value proposition and advanced technological framework. The AI-based platform integrates artificial intelligence at the native blockchain level and devises innovative methods to protect DeFi users from future threats posed by quantum encryption.
Moreover, IntelMarkets (INTL) is making enterprise-grade technical analysis accessible to retail traders. As a result, the presale is quickly selling out at $0.009 as investors rush to secure positions before the price increases to $0.018 in Stage 2. Analysts believe that the project could surpass its presale ending price of $0.11, driven by strong market demand and institutional support.
Explore the innovative features of IntelMarkets (INTL) and experience the cutting-edge platform firsthand!