Dogecoin (DOGE) and Sui (SUI) investors are showing interest in IntelMarkets (INTL), a new cryptocurrency project, because of its potential to be a mooner. As beneficiaries of DOGE and SUI's past price gains, market participants now believe INTL could be next in line for explosive growth similar to these established coins.
Let's determine if DOGE and SUI investors are right about INTL being a possible moon coin!
Investors Predict IntelMarkets Could Moon During Market Rally
DOGE and SUI holders have expressed confidence in the possibility that IntelMarkets will experience a parabolic surge during the approaching major crypto market rally.
This notion stems from INTL's immaculate track record–which started with its private sale, which raised over $2 million–and its performance since the beginning of its public presale.
However, INTL's presale is only a side dish compared to IntelMarkets' features, which are on the main menu. IntelMarkets is a recently launched crypto exchange for trading perpetual or futures contracts with advanced leverage options.
The exchange offers up to 1,000x leverage on any asset pair, allowing traders to maximize potential returns from even the slightest price move. While trading with leverages may be daunting for some traders, IntelMarkets will offer risk management tools to help traders control their risk exposure.
IntelMarkets is a dual-chain, AI-powered platform running on Ethereum and Solana. It uses enterprise-level, Intel-Array technology to crunch hundreds of thousands of inputs and generate clean, reliable trade signals. These features make it flexible, scalable, automated, and easier to use, even by novice traders.
INTL's presale has captured considerable interest across the crypto market for its value proposition, resulting in a boost in demand for the token. Currently, INTL trades for $0.027 in Stage 3 of its public presale, poised for a 300% jump to end this presale and up to 10,000% increase after its exchange listing.
Dogecoin Rebounds as Active Wallets Soar to Highest Figures In Eight Months
Ali Martinez, a prominent figure in the crypto landscape, has suggested that DOGE is on the brink of an astronomical rise similar to its performance in December 2021 as the crypto market revives. He expressed this view in an October 6, 2024, post on X.
At the time, DOGE broke out of a multi-year deceiving triangle with a 200% surge, then lost 60% of its value to a subsequent correction before entering a full-blown bull phase. Ali asserted that DOGE's recent price action is mimicking this pattern.
If this prediction is true, DOGE could reclaim $0.223, the price it last traded at in December 2021. However, traders ought to be cautious, as this prediction is only speculation.
Also, On October 12, Ali disclosed a significant increase in active DOGE addresses, which rose to 133,880, indicating that market participants are increasingly interested in and interacting with the meme coin. Yet, DOGE is down 2.90% in the last 24 hours to $0.11.
Insider Selling Allegation Ramps Up On SUI as Its Price Rises by 120%
Sui, a layer-1 blockchain cryptocurrency, has recently entered the spotlight after achieving a 120% token price gain, outperforming the ten largest cryptocurrencies by market capitalization. The asset capped this growth spurt by hitting an all-time high of $2.35 on October 13, 2024.
However, reports have emerged about insider trading among SUI stakeholders, triggering a 5% decrease in its price. This development has caused experts like LightCrypto to be skeptical about the sustainability of SUI's recent gains.
Taking to X on October 14, LightCrypto highlighted two factors that could compromise SUI's upward momentum. First, the expert challenged the idea that Sui could recreate Solana's success, given that it has yet to demonstrate an iota of Solana's prospects.
Second, LightCrypto noted that insiders have dumped $400 million in SUI over the last few months, and if this continues, it could hinder any significant upward price move for the asset.
Since making this commentary, SUI has tanked 2.11%, falling to $2.19.
DOGE and SUI Holders Shift Focus to INTL
With DOGE yet to make a reasonable price move and SUI facing allegations of insider trading, INTL stands as a preferred investment alternative to holders. As such, DOGE and SUI investors are shifting their focus to INTL.
Experts believe INTL will be one of the top performers in the AI sector this cycle, delivering considerable gains to early investors. Therefore, they are urging market participants to take advantage of this opportunity before it is too late.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
