Amid recent market developments, a prominent crypto veteran who accurately forecasted the incredible rise of Solana (SOL) and Dogecoin (DOGE) in 2021 has discovered a new prospect from the artificial intelligence sector believed to embody the potential for an explosive price surge. The expert posited that this AI coin offers investors an early opportunity to 50x their capital.
This article will shed light on the AI coin in question. Read on for more information!
Expert Predicts Massive Price Pump For Solana
Chief cryptocurrency analyst at Real Vision Jamie Coutts has presented a bold prediction regarding Ethereum's supposed killer, Solana, stating that SOL might be on the brink of an astronomical rise. The analyst shared this prognosis in a post on the microblogging platform X on October 8, 2024.
First, Jamie called attention to a notable uptick in the number of Solana-based wallets created over the last three months, noting that the rise in this number exceeded those of other smart contract platforms. Per his calculations, SOL wallets grew 276% during this time frame, followed by an 11.3% drop in transaction fees.
The rise in SOL wallets indicates a growing interest in Solana, which is believed to be driven by Stripe's USDC promotion. Stripe is a leading payment company that recently returned to the crypto landscape after six years of abstention.
Jamie noted that this development has positioned SOL like a "coiled spring primed for a breakout." In the meantime, SOL trades for $145 after securing a 1% gain over the last seven days, per CoinMarketCap data.
Dogecoin Sees a 1,645% Increase in Whale Activities
Dogecoin has taken the headlines as massive growth in whale activities brought attention to the premier meme coin. On October 13, 2024, market intelligence firm IntoTheBlock reported a 1,645% increase in whale activities related to Dogecoin, setting a bullish tone around DOGE.
Notably, Dogecoin's Large Holder Netflow, a metric that estimates the difference between inflow and outflow of DOGE, ran up to 367.82 million DOGE from 22.35 million DOGE within a day. Large holders, also considered whales, are a group of investors who control at least 0.1% of the supply of a cryptocurrency each.
Furthermore, the intelligence firm revealed an inflow of Dogecoin totaling 405.82 million DOGE. Meanwhile, DOGE outflows fell 72 million in relation, suggesting that the meme coin is in a local accumulation phase.
With volatility reducing in the DOGE market, the meme coin is now gearing up for another move that the bulls will likely influence. However, DOGE has been down 1.03% in the past seven days, trading at $0.11, based on market information.
Market Pundit Predicts a 50x Rally for IntelMarkets
A crypto veteran has spotlighted IntelMarkets, a new AI coin, asserting its Potential to deliver a 50-fold return to investors. This expert previously forecasted the 2021 price explosion of SOL and DOGE, making his recent discovery worth looking into.
IntelMarkets is an advanced crypto trading platform for perpetual contracts built on a dual-chain system that includes Ethereum and Solana. The exchange empowers users with high-end resources and tools to make their trading experiences smooth and exciting.
With its dual-chain structure, IntelMarkets guarantees flexibility and scalability, marked by speed, security, access to diverse asset pairs, low trading fees, and the chance to switch between chains based on individual preferences.
Moreover, the platform is one of a kind in that it offers up to 1,000x leverage options for trading to boost gains.
At present, IntelMarkets is in Stage 3 of the public presale of INTL, its native token, which sells for $0.027. As it marches toward its final stage price of $0.11, experts believe INTL is poised for a 5,000% rally after launch, potentially setting its price at $1.40.
SOL And DOGE Investors Rush to Buy INTL
Given INTL's projection, SOL and DOGE investors are expected to invest in the AI coin, considering the slow state of both coins. Per experts' forecast, a $1,000 investment in INTL could yield $50,000 before the year ends.
This prediction presents INTL as one of the best cryptocurrencies to invest in this bull cycle. Investors looking for profitable investment ventures ought to look into INTL.
Disclaimer: This is a sponsored press release 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.
