This is Cardano’s Ceiling This Cycle, Technical Analysis of ADA Price

The crypto market is beaming with high optimism. The Crypto Fear and Greed Index indicates that the market is currently in the “extreme greed” zone. It implies that investors have confidence in cryptocurrencies, and are not shying away from going big. However, some analysts suggest adopting a cautious approach.

Recently, Cardano (ADA) made a big jump on the profit chart, but it may have touched its ceiling this cycle. Therefore, crypto whales have rushed toward IntelMarkets, a newly launched project whose ongoing presale is selling out fast. It has raised over $2.4 million within the initial weeks and is set to surpass major cryptocurrencies in growth and profitability.

Crypto Analyst Raises Concern Over ADA Price

A well-known crypto analyst, Jason Pizzino, has cast a shadow on Cardano’s explosive breakout. According to Pizzino, despite the bullish market sentiments, Cardano has not been able to show its strength. He said that the ADA price would not be able to post any explosive breakout in this cycle.

His comments came at a time when Cardano (ADA) is up by 117% on the monthly price chart. Currently, the ADA price stands at $0.7564.

While Pizzino has expressed concerns about the ADA price, Cardano has scored positive in key metrics. Its transaction count is steadily increasing, and data suggest Cardano’s (ADA) transaction count could soon touch the 100 million mark.

Besides, more than 1,900 projects are built on the Cardano platform, with over 1.3 million delegated wallets. These metrics could increase the ADA price.

The buzz around a possible partnership between Cardano (ADA) and Elon Musk’s SpaceX has further boosted the investors’ sentiments.

This news started doing rounds after the Cardano (ADA) founder, Charles Hoskinson, posted an image of himself next to a SpaceX rocket and mentioned that a “big deal” was on the table.

However, despite all this progress, the ADA price is struggling to reach the $1.0 milestone.

IntelMarkets (INTL) Presale Investors Get Massive Boost

IntelMarkets aims to democratize the crypto trading industry with its AI-powered blockchain platform. The global crypto exchange market is expected to grow at a CAGR of 11% between 2021-2028.

Advanced arbitrage, 1000x capital leverage, and favorable borrowing terms make IntelMarkets more attractive. Moreover, its dual-chain architecture, supported by Ethereum and Solana, makes crypto trading accessible and rewarding for all types of traders – experts or newbies.

IntelMarkets’ advanced trading robots give it an edge over existing exchanges. The robots can track the market 24*7 to tap all growing opportunities. Moreover, IntelMarkets’ robots can self-learn and modify their approach without human intervention.

Joining IntelMarkets does not require any KYC. You can create an account on the platform by using an email ID. Thereafter, connect your wallet to the platform and deposit using a range of asset pairs.

INTL is the native token of the platform. The token owners will get several benefits like discounts on trading fees and governance rights.

The sixth stage of the IntelMarkets (INTL) presale is live, and the token’s price has surged by 500% till now. Currently, you can book an INTL token at $0.054. Since it is expected to pump by 1,500% before the end of the presale, if you book your INTL tokens now, you can maximize your returns.

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