Solana Predicted To Rise to $300, Whales Gobble Up 190k Ethereum as Their Interest in AI Coin Rises
The Solana price is currently on a recovery path after its fall to $120, with a crypto analyst predicting that a potential pump to $300 could happen soon. With the recent rally after a strategic crypto reserve was announced by the US government, whales have renewed their interest in Ethereum.
According to Santiment data, whales have bought over 190k ETH in anticipation of an Ethereum price pump. Whales are also moving their investments to a promising AI coin called IntelMarkets (INTL). Currently, in the tenth phase of its blockchain ICO, the value of IntelMarkets has skyrocketed by over 900% with the potential to climb by 10x in the next few months.
Analysts Expect Solana (SOL) To Rise To $300
After suffering long-term decline, the Solana price appears to be on a recovery path. CoinMarketCap’s data shows that the Solana price has rebounded from a low of $120 to briefly cross the $170 level. However, $SOL has retracted back to the $150 range.
According to Ali Martinez, the Solana price is on track to break out of a descending channel. The analyst forecasts the Solana price might pump to $213 if the breakout is successful. However, other analysts have set a higher target.
Another analyst called Lucky predicted that the Solana price could rally to a new all-time high above $300 in the coming months. As one of the top crypto coins picked to be included in the US strategic crypto reserve, the Solana price could record this sort of increase.
Ethereum (ETH) Whales Buy Over 190K ETH
The Ethereum price decline has seen some relief since the announcement of the strategic crypto reserve. Data from Santiment shows that whales have been adding ETH tokens to their portfolios as a result.
According to CoinMarketCap, the Ethereum price has rebounded from $2,100 to $2,500. However, as the hype around the reserve fund waned, the Ethereum price dropped back to the $2,100 range. Since it is not clear if the Ethereum price has bottomed out, it might need to break through the $2.3k level in the coming weeks.
On the other hand, positive inflows from the Ethereum ETF together with positive sentiment in the market could cause a trend reversal. CryptoGoos argues that the Ethereum price chart still looks great. They told their followers not to worry, as they believe the Ethereum price could skyrocket to $10k in the coming months.
IntelMarkets (INTL) Crosses $11.2M In Funding As Momentum Grows
IntelMarkets (INTL) is one of the best ICO projects in the cryptocurrency market at the moment. It is currently holding a very successful presale campaign which has already attracted more than $11.2 million. With the current price of $0.091, those who joined at the early stage have seen their investments rise by 900%.
One of the most important aspects of IntelMarkets’ upcoming trading platform is that it is user-friendly. It does not have the KYC procedures that are common in most trading platforms, which means that traders can trade freely without going through a process of identification.
This approach makes it more convenient and friendly to the users, especially those who prefer to remain anonymous in their financial dealings. Meanwhile, this DeFi project has a flagship tool known as the Intelli-M™ AI trading bots.
These bots can process more than 100,000 variables in real time, and this makes them very fast and accurate in their trading activities. As the bots are programmed to learn from each mistake, the system provides the users with an automated solution that is dynamic in nature.
What is the Best Altcoin To Buy As Solana Price Drops?
While the hype around the reserve fund has waned and the Solana price, along with Ethereum, are dropping, IntelMarkets is gaining more momentum in the market. Its presale success is enough proof that investors are bullish about its potential. While others are sitting on the sidelines, savvy investors are already getting the INTL coin at $0.091 before the price surges.
For more information about IntelMarkets (INTL) visit the links below:
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