Memecoin Whale Stuns the Crypto Market with a New Investment, Sparking a Heated Debate
- Susan SarandonOriginal
- 2024-10-19 04:20:101208browse
A memecoin whale recently sparked a debate in the crypto market with his recent investment. Reportedly, the whale bought the newly launched IntelMarkets (INTL) token for over $200k.
A memecoin whale recently sparked a debate in the crypto market with his recent investment. Reportedly, the whale bought the newly launched IntelMarkets (INTL) token for over $200k. This co-occurs as Pepecoin (PEPE) and Dogecoin (DOGE) slow down and take a dip. Let’s zoom into these emerging trends further.
DOGE Whale Moves $13.3M to Binance: What It Means for the Market
Despite an overall upswing in the cryptocurrency market, Dogecoin (DOGE) has not shown any significant upward movement over the last several months.
CoinMarketCap data reveals that Dogecoin (DOGE)’s value dropped by 4% in less than a day and is now trading at $0.125. Although the strategy’s long-term effects on future advances are somewhat encouraging, most investors are concerned about the token’s return.
According to a recent analysis, Dogecoin (DOGE) might see more declines to as low as $0.080 if it breaks through the present support level of $0.096 that is being held.
A significant transaction by a Dogecoin (DOGE) whale, who just transferred 118 million DOGE, or $13.3 million, to the Binance exchange, is fueling the gloomy narrative. This has sparked worries that the coin’s price would ultimately fall again, leading to more price reductions.
PEPE Falls 4.4%: Is the Meme Coin Losing Its Hype?
Popular memecoin PEPE is having difficulty remaining relevant as the market turns its attention away from speculative assets. PEPE became the talk of the town recently as the coin went live on the US-based IRA marketplace iTrustCapital. Even then, it was not enough to regain momentum, and with each day, PEPE just kept dimming.
As claimed by an analyst on TradingView, PEPE will encounter a major dip in October 2024, which was initially planned to be the month of super gains. According to the coin’s price chart, PEPE’s bearish trend will most probably last 22 to 27 days.
This time, the currency might bottom out even lower than during the August collapse, taking the whole market down. This puts PEPE currently at $0.000009109.
In its monthly chart, PEPE has shown an increase of 35% owing to a bullish wave late in September. The currency has, however, decreased 4.4% during the last day.
IntelMarkets’ Potential for 100x Growth: Why Investors Are Getting Excited
While IntelMarkets (INTL) is a relatively young project compared to memecoin darlings PEPE and Dogecoin (DOGE), global investors are still gaining more attention for its unique and innovative AI-powered trading platform.
The recent $200k investment from Pepecoin (PEPE) and Dogecoin (DOGE) whales has further spotlighted this newly emerged project.
Regarding what it offers, IntelMarkets is bringing us a DeFi trading platform that integrates AI with blockchain power. Platform users will employ AI to boost their profit potential using tools and features previously only accessible to institutional traders.
This will allow everyone to take advantage of technical analysis and sophisticated trading strategies irrespective of their skillset and investment size.
IntelMarkets’s combination of DeFi technologies and self-learning trading robots distinguishes It from its competitors. Analysts believe these distinctive features are certain to disrupt the trading industry and see a huge post-launch rise.
As of right now, IntelMarkets is in the presale phase. Its native token, INTL, costs $0.027, and capital has increased by over $1,200,000. Experts predict that once IntelMarkets is available on significant CEXs, its price may rise by 100x, making it well over $1. This is a once-in-a-lifetime chance, especially for early investors.
Discover More About Intel Markets:
Presale: intelmarketspresale.com
Buy Presale: buy.intelmarketspresale.com
Telegram: t.me/IntelMarketsOfficial
Twitter: twitter.com/intel_markets
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