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Positive sentiment has returned to the crypto market after a long bearish period. Coins like Solana and Cardano are now showing gains on the monthly timeframes. Meanwhile, Solana network metrics are still dropping.
The Cardano Founder has given a hint on what will happen after the Chang hard fork. In other news, analysts have shared high expectations for a new project known as IntelMarkets. They expect the price of the token will rise by 100x within the coming months.
Solana (SOL) Network Metrics Drop, SOL Price Rallies
Solana (SOL) meme coins have been losing their popularity in the past weeks. This loss has contributed to the drop in the overall user engagement on the Layer-1 blockchain. In recent days, the daily active addresses and transaction counts have decreased, causing low network fees.
According to data from Artemis, daily transactions on the Solana blockchain stood at 29 million in the last 30 days, a 22% drop. This decrease in the number of transactions resulted in a 45% decrease in fees, amounting to $523,000.
Also, the Solana price is on the rise in the given monthly time frame. Its market cap is consolidating between $50 billion and $75 billion. Analysts forecast the value of the Solana coin could cross the 200-day SMA ($147.44) soon.
Cardano (ADA) Founder Shares Thoughts on Chang Upgrade
Cardano's founder, Charles Hoskinson, has shared his thoughts on what is next for the project after the Chang hard fork. In an X video, Hoskinson said that the Cardano blockchain is in the bootstrap phase, where the early government is established.
According to him, the bootstrap phase is a stage whereby new governments and roles are set in Voltaire's era. He pointed out that these new pillars are important to support fully functional community-driven governance.
In other news, the Cardano coin is trading in the green zone on the monthly time frame. The cryptocurrency's market valuation is ranging between $10 billion and $15 billion. Experts forecast the price of Cardano crypto could rise to test the 50-Day SMA ($0.373222) soon.
IntelMarkets (INTL): A New Generation Cryptocurrency Trading Platform
IntelMarkets (INTL) is a new-generation cryptocurrency that experts have given their thumbs up to compete with Solana and Cardano. The ongoing presale is a testament to better things to come. So far, IntelMarkets has raised $225k. Because of this bullish momentum, analysts have tagged IntelMarkets as the next 100x coin in the crypto market.
Meanwhile, IntelMarkets is developing a crypto trading platform where newbies will be able to use AI technology to trade digital currencies. Crypto trading is strongly integrated into AI, making it a perfect contender to the traditional giants in the industry.
The platform's goal is to revolutionize the $36 billion cryptocurrency trading platforms market using this AI tool. That is not all. IntelMarkets will also have advanced trading tools like advanced charts, customized indicators, and risk management tools.
Other features, such as the availability of numerous asset pairs, 1,000x leverage, and copy trading, make IntelMarkets one project you don't want to write off.
Is IntelMarkets a Good Project Like Solana and Cardano?
According to the article, IntelMarkets is an AI-based crypto trading platform where investors can trade different digital currencies. Experts are of the opinion that this makes it unique and different from the rest of the other companies.
In addition, the cryptocurrency trading market is a vast market. They think that IntelMarkets can assume the lead in no time at all.
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
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
