PriyankaRecent data indicates a significant uptick in Shiba Inu’s exchange outflows, signaling a potential price increase for this memecoin. This trend is particularly noteworthy given the broader negative sentiment in the crypto market. On the other hand, Ethereum has seen a drastic 55% drop in its trading volume over the past month, reflecting diminished investor interest.
Intel Markets aims to revolutionize the trading landscape for Shiba Inu and Ethereum investors by democratizing access to advanced trading tools and features. Their mission is to enable traders to maximize profits and income through innovative solutions.
Shiba Inu (SHIB), the second largest memecoin by market capitalization, has experienced a notable surge in exchange outflows. Data from CryptoQuant reveals that over 624 billion Shiba Inu tokens have been withdrawn from exchanges. This spike in outflows comes amidst a general downturn in the crypto market, indicating that traders are leveraging the dip to accumulate more SHIB tokens, suggesting bullish sentiment.
Currently, Shiba Inu is trading within the $0.000011 to $0.000018 range on the monthly chart, and its price remains below the 50-Day Simple Moving Average (SMA) of $0.00001558. Nevertheless, Coincodex forecasts that SHIB’s value could rise to $0.00003023 in the coming months.
Meanwhile, data from The Block indicates a decline in Ethereum network activity during August, with trading volume plummeting by over 55%. This decline coincides with bearish price action for Ethereum. The altcoin’s price is currently below the 50-day SMA of $2,983.54, which acts as a significant resistance level. Ethereum’s market capitalization is fluctuating between $250 billion and $425 billion. According to Bluntz_Capital, Ethereum’s price could soon reach $3,400. Additionally, analyst CryptoKaleo advises patience, forecasting a potential surge to $4,150.
Intel Markets (INTL), a multichain platform, is introducing cutting-edge AI trading tools to both new and seasoned investors in the crypto sector. Their goal is to provide equal trading opportunities that have been traditionally accessible to more experienced traders. One of these tools is Intel Markets’ AI bot, developed by top experts with backgrounds at leading institutions like OpenAI, MIT, and Goldman Sachs. This AI bot allows users to monitor the price movements of multiple digital currencies simultaneously and evaluate market trends to identify patterns with high recurrence potential.
In addition to the AI bot, Intel Markets boasts one of the most secure and fastest platforms in the perpetual futures market, handling over $100 billion in daily volumes. The platform offers fast transactions, high throughput, and access to high liquidity. Other notable features include up to 1000x leverage, an easy registration process, copy trading capabilities, and access to advanced trading tools. The presale of Intel Markets has been growing rapidly, with the project raising over $180k and its INTL coin priced at $0.009 per coin.
These advanced trading tools will empower investors to make more informed decisions. The user-friendly trading platform from Intel Markets includes features like high leverage and copy trading. Analysts predict that, given these features, Intel Markets’ value could rise by more than 11x before the end of the year.
