The crypto market has been experiencing considerable volatility in recent weeks. Amidst these changes, a new coin, IntelMarkets (INTL), captivated the attention of investors and attracted significant funding.
Ethereum Continues Sideways Movement
Despite the upsurge in the crypto market, the value of Ethereum continues to trade within a narrow range. CoinMarketCap data shows the altcoin price has been between $3k and $4k over the past four weeks. This price movement has puzzled investors, though analysts believe a price rally could occur soon. In a recent tweet, CryptoBullet1 compared the current price movement of Ethereum to that of 2021. Currently, ETH's technical indicators show a bullish sentiment, supported by the Fear and Greed Index indicating Greed.
Shiba Inu Hits Local Bottom
In a TradingView post, analyst Real CryptoRoy noted that the Shiba Inu coin has formed a local bottom and could rise in the coming weeks. The expert highlighted $0.000025 as a key resistance level. If the meme coin can surpass and maintain this level, it might retest the $0.000033 level. Nevertheless, the broader crypto market, especially Bitcoin, remains a major influence on Shiba Inu's value. Over the past week, Shiba Inu has risen by 6.8%, consolidating between $0.000020 and $0.000023.
IntelMarkets and Its Impact on the Crypto Sector
IntelMarkets, a new AI-based trading platform, is expected to disrupt the crypto market. It offers traders advanced tools for real-time market analysis and risk management. A key advantage is its Intelli-M™ bots, self-learning programs capable of analyzing large volumes of data for highly accurate transactions. The platform's security is backed by the Route X21 protocol to guard against quantum attacks. IntelMarkets has raised over $6.8 million in its presale stage, aiming to revolutionize crypto trading using AI and blockchain.
While Ethereum fluctuates and Shiba Inu anticipates a potential surge, IntelMarkets has emerged as a significant player in the crypto market, drawing attention with its AI capabilities and successful presale.
