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Cardano (ADA) is tumbling, and Dogecoin (DOGE) isn’t faring any better. Prices are falling, sell-offs are intensifying, and both assets are facing another potential 10% dip. For investors clinging to these coins, the outlook is grim.
Meanwhile, IntelMarkets is rewriting the story. This presale token is shaking up crypto with a groundbreaking platform for perpetual futures trading. Built on Ethereum and Solana, and backed by KYC certification, IntelMarkets promises the tools and scalability traders need. With projections of a 20000% jump before Christmas, it’s not just an alternative—it’s the opportunity everyone’s been waiting for.
Why Cardano’s (ADA) Price Could Keep Dropping Despite Rising Interest
Cardano (ADA) has dropped over 8%, with over $2 billion in trading volume pointing to heavy sell-offs. Insiders attribute the decline to liquidation pressure, as Bitcoin’s recent volatility triggered a market-wide sell-off. With 35 billion ADA already circulating, nearing its supply cap, scarcity can no longer drive value. ADA’s reliance on speculative activity leaves it particularly exposed to broader market corrections.
Talks between Cardano’s Charles Hoskinson and Ripple executives have sparked ideas for integrating XRP into Cardano’s Midnight sidechain and Marlowe platform. There’s also speculation about Ripple’s RLUSD stablecoin joining Cardano’s ecosystem. However, no agreements have been finalized, leaving these developments with little immediate impact on ADA’s price.
While Binance Coin (BNB) remains supported by its utility on the Binance platform, Cardano’s speculative nature makes it more vulnerable. Without clear outcomes from its Ripple talks or significant ecosystem advancements, ADA’s price will likely face further pressure in the coming weeks.
Dogecoin (DOGE) Loses Its Spark as Investors Look Elsewhere
Dogecoin (DOGE) has dropped slightly, hovering just above $0.40, with trading volumes climbing past $9 billion in the past day. The $0.365–$0.375 range has acted as a safety net, holding firm during recent retests. This zone forms part of a broader rectangle pattern between $0.37 and $0.48, but the pressure is mounting. Analysts say losing this support could send prices sliding to $0.25.
Resistance levels at $0.41–$0.425 and $0.42 have kept upward moves in check. Combined with the breakdown of an ascending channel, DOGE bulls face an uphill battle. Reclaiming $0.42 could open the door to a test of $0.48, but the broader market’s volatility makes this far from certain. For now, DOGE sits in a delicate position as sellers dominate.
Meanwhile, Dogecoin mining remains profitable. BIT Mining reported over $90 million in DOGE earnings, driven by its dual mining strategy with Litecoin. While this supports DOGE’s long-term relevance in mining, the short-term price outlook depends on whether it can hold its critical support zone. Any slip below $0.365 would likely signal deeper losses.
Analysts Predict IntelMarkets (INTL) Will Mint Millionaires Before Christmas
After capturing investor enthusiasm as its presale, IntelMarkets (INTL) enters Stage 7 with over 42% of tokens already sold. The current price of approximately $0.064 is set to rise in the next round, fueling urgency among buyers. The project has raised over $4 million, reflecting strong demand for its dual-chain platform that combines Ethereum (ETH) and Solana (SOL) for unparalleled scalability and flexibility.
The platform’s focus on perpetual futures contracts offers traders advanced tools for shorting, leveraging, and managing risk. Unlike traditional futures, these contracts have no expiration, providing more control and adaptability for users.
With features like 24/7 trading, high liquidity, and robust risk management tools, analysts believe IntelMarkets (INTL) stands out in a crowded space. Its unique offering appeals to both experienced traders and newcomers, reinforcing its growth potential.
IntelMarkets’ (INTL) KYC certification by Codeum adds credibility, further solidifying its appeal. With projections suggesting a steep price climb in future rounds, insiders consider it a strong contender for massive returns before Christmas. As the presale continues to gather pace, IntelMarkets is shaping up to be a defining opportunity for investors in 2024.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
*This article was paid for. Cryptonomist did not write the article or test the platform.
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