Bloomberg Analyst Predicts ADA’s Collapse as This New Altcoin Races Ahead With Security Better than Bittensor 

Cardano (ADA) struggles to find its footing while the entire AI crypto market experiences a sudden downturn. Even Bittensor (TAO), a recent high-flier, faces resistance. Yet, amidst this uncertainty, a new player emerges: IntelMarkets (INTL). 

This AI-powered trading platform boasts features like 1000x leverage and access to over 100,000 assets, all built on a secure dual-chain system. With its presale soaring high and analysts predicting an 11x return at launch, could IntelMarkets be the next crypto gem ready to explode?

Cardano’s Midnight Testnet Fails to Reverse ADA’s 15% Weekly Decline

Midnight is Cardano’s (ADA) Layer-1 privacy-focused solution, which was announced in 2023. The recently launched testnet will concentrate on testing important elements to provide a stable environment for developers to explore the protocol. The launch of Midnight testnest was looked upon as a ray of hope after Cardano’s (ADA) chang hard fork failed to ignite any bullish rally.

Unfortunately, the price of Cardano (ADA) has not stayed the same even with this development. The cryptocurrency has dropped 11% since October 1 and is now trading at $0.34. Cardano’s (ADA) price has dropped over 15% in the past week. Despite efforts to break out, Cardano’s (ADA) one-day chart shows it staying in a horizontal channel and is regularly confronted with significant selling pressure near the $0.40 resistance level.

There is little hope for a short-term upturn in demand for ADA due to the increasing negativity in the cryptocurrency market as a whole. If bulls are unable to hold the present level of support, Cardano’s price may drop to $0.27, a 21% decrease from its current level.

Bittensor’s (TAO) Bullish Run Faces Resistance as AI Tokens Lose $4.7 Billion in 3 Days

Amid predictions of a bullish October, the entire crypto market has taken a surprising downturn, with artificial intelligence (AI) and big-data tokens losing $4.7 billion in the previous three days alone. On September 30, the market capitalization of AI coins was $38.82 billion; on October 4, that amount had decreased to around $34 billion. 

Additionally, escalation of the Israel-Iran conflict has caused a significant decline in the value of Bitcoin and other cryptocurrencies, leading to a gloomy shift in market sentiment.

September saw a 111% increase in the price of Bittensor (TAO), from $264 to $587. But as October gets underway, a number of signs point to the possibility that TAO’s price could run into resistance, which could limit future hikes. Bittensor (TAO) is currently trading at $513.53, showing a 1.5% and 5.6% dip in the past day and past week.

On the daily chart, TAO is overbought, according to the Relative Strength Index (RSI), a momentum indicator. This view aligns with the previous assumption that TAO’s price may fall in the near future. 

AI-Powered Trading and Up to 1000x Leverage: Why IntelMarkets Is Gaining Momentum Like Never Before?

As the pace of adoption of INTL increases dramatically, IntelMarkets (INTL) is about to see a significant surge in its presale. Access to IntelMarkets’ ground-breaking dual-chain AI-powered perpetual contracts trading platform is the driving force behind INTL’s growing popularity.

This platform is intriguing to futures traders since it is built on Ethereum and Solana and provides powerful trading leverages up to 1000x, over 100,000 tradable assets, and the chance to borrow liquidity in a flexible and scalable environment. It also lets traders who need cash quickly get access to funds that they can use to take advantage of trading opportunities or protect their positions by offering good borrowing terms. 

Additionally, it offers AI-driven solutions that allow users an advantage in the cutthroat cryptocurrency market. INTL is currently being sold at $0.027 in its presale stage 3 which has only 11 days remaining. Savvy investors are piling up tokens quickly in order to reap the rewards of an 11x return upon launch.

Experts predict that in the next months, this unmatchable momentum and buying pace will provide INTL the push it needs to go to its goal of reaching $0.11 leaving popular AI tokens like Bittensor (TAO) in dust. It is anticipated that INTL will continue to soar at new heights once it is listed on top exchanges which is most expected in this quarter of 2024 or most certainly in Q1 of 2025.

Discover More About Intel Markets:

Presale: https://intelmarketspresale.com/

Buy Presale: https://buy.intelmarketspresale.com/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets