PROMO
by BSCN
August 22, 2024
Binance Coin and Ethereum struggle against bearish trends. A new platform, Intel Markets, disrupting the crypto trading sector with AI integration, has raised over $125k.
Through the recent bear trend in the crypto market, the Binance Coin crypto is one of the few coins showing remarkable stability. On the other hand, it is unlikely for Ethereum to go beyond $2,600 following its rejection at a key resistance level.
In other news, Intel Market is introducing Artificial Intelligence in the crypto trading industry. The aim is to help investors make wise trading decisions and earn more profit.
Following a seven-month suspension, Binance is back online in India. This comes after the exchange paid a $2.25 million settlement to India’s Virtual Digital Asset (VDA) monitoring agency, FIU-IND. At the same time, Binance Coin price has been ranging between $400 and $650 for the monthly chart.
The market cap of BNB has been ranging between $60b – $95b. Technical indicators for Binance Coin are bullish. The cryptocurrency remains above the 50-day simple moving average (SMA) of $543.85 and the 200-day SMA of $532.79 to indicate that the bulls are dominant.
With this bullish sentiment, Coincodex has put forward an optimistic Binance Coin price prediction. They predict the value of the token might increase to $683.61 in the coming weeks.
BlackRock’s iShares Ethereum Trust (ETHA) is the first US spot Ethereum ETF to reach $1 billion in net asset inflows, according to Farside Investors. This is a big deal, but the fund is still behind BlackRock’s IBIT, which hit the $1 billion mark within four days.
Meanwhile, Ethereum price USD is oscillating around the $2k region after losing the support 50-Day SMA ($3,068.78). Analysts have a rather bearish view of its price prospects in the next few months.
A crypto trader, Thisisksa, forecasts Ethereum price could pump to $3,189 in the coming weeks. Another trader, TheCrowtrades, gave a similar forecast. He told his followers Ethereum USD might soar to $2,780 soon. At the moment, the altcoin’s market cap is fluctuating between $250 billion and $450 billion.
Intel Markets ( INTL) is a new generation of trading platform that is incorporating Artificial Intelligence tools. Bringing AI into the $36.5 billion crypto trading space is a move from Intel Markets to help crypto traders increase their efficiency and profits. Traders will be able to easily follow trends in the market, make specific interpretations of chart analysis, and predict price movements.
Furthermore, the platform has a dual architecture system, and it gives fast trades for all its operations, and low fee charges. It operates with both Solana and Ethereum blockchains, which makes it different from other trading platforms. This makes it a top contender for centralized exchanges like Binance and OKX.
At the moment, Intel Markets is in the very beginning of the presale stage and is becoming popular. It has raised over $125k in funding from investors who are very bullish about its potential. Those who are yet to join the Intel Market can get the token at a price of $0.009 before it increases to $0.018182.
AI technology is ruling the world currently. Intel Markets’ goal is to capitalize on the trend to help budding investors get the best out of the crypto trading sector, whether the market is bearish or not.
Discover More About Intel Markets:
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