Chainlink & Avalanche Tumble as BTC Falters; Whales Flock to IntelMarkets

IntelMarkets (INTL): Whales Bet Big on the New Exchange Platform

Amid this turbulence, whales are turning their attention to IntelMarkets (INTL), a promising new player in the cryptocurrency space. IntelMarkets is capturing significant interest due to its innovative approach and impressive growth potential. The ICO has already raised over $220,000 within days of its presale launch.

As an AI-powered trading platform, IntelMarkets offers:

• Advanced trading features, including bots and copy trading
• 1,000x leverage on select assets
• Ability to manage multiple positions with the same collateral
• Trading through a single margin account

With the global crypto trading market projected to reach $347 billion by 2030, IntelMarkets is poised to capture a significant share. The ICO’s first stage offers tokens at just $0.009, making it a prime entry point with experts predicting a potential 75x increase post-launch, surpassing established projects like Chainlink and Avalanche.

Chainlink (LINK): Further Drop Below $10?

Chainlink (LINK) is renowned for its solid fundamentals, providing a decentralized Oracle network that connects smart contracts with off-chain data. Despite its strong base, Chainlink has recently experienced a downturn, largely due to the broader market decline and Bitcoin’s low performance.

In the past week, Chainlink’s price has dropped over 9%, moving from a high of $11.40 to just above the $10 support level. Analysts suggest that continued selling pressure might drive the price below $10 if Bitcoin fails to recover its $60,000 resistance. However, despite short-term bearish trends, Chainlink’s long-term outlook remains positive.

Avalanche (AVAX) Loses Key Support

Avalanche (AVAX) is another prominent altcoin in the DeFi space, known for its scalability and high transaction throughput. Recently, Avalanche has faced significant price declines, with an 8% drop over the past week, falling from a high of $24.70 to $21.70.

Experts are concerned about the potential for further declines, with some predicting drops below $20. Conversely, bullish analysts foresee a possible breakout above $30. The performance of Avalanche will likely hinge on Bitcoin’s movements in the coming days, though its strong fundamentals and growth prospects continue to make it a notable investment option.

Conclusion

While Chainlink and Avalanche are currently on the decline, IntelMarkets stands out as a promising investment opportunity. Its unique AI-powered trading platform and affordable token price of $0.009 offer an attractive entry point, with substantial growth potential anticipated. As the crypto market evolves, IntelMarkets could emerge as a significant player, capturing the attention of investors and whales alike.