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Toncoin Investors Take Cover With New AI-based Coin, Whale Goes On Ethereum Buying Spree

by BSCN

September 6, 2024

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Toncoin investors are moving towards a new AI-based coin, while a major whale starts a significant Ethereum buying spree, stirring market interest.

While the crypto market is battling with bearish pressure, a smart investor has taken advantage of the downtrend to increase their Ethereum crypto holdings by 50%. In other news, the price of Toncoin has dropped to a 4-month low.

As a result, Toncoin token investors are jumping to a new project called IntelMarkets. Analysts forecast the price of the cryptocurrency will increase by 1,100% in the coming weeks, making it a good crypto buy.

Ethereum (ETH) Investors Increases Holdings By 50%

In a post on social media platform X (previously Twitter), a user, EmberCN, called the attention of the cryptocurrency community to a whale who has been taking advantage of the downturn in the market to increase their Ethereum (ETH) holdings.

According to the tweet, the whale increased its holding by buying low and selling high. Using this strategy, it was able to raise its portfolio from 3,586 ETH to 5,515 ETH, a rise of 50%. 

In the meantime, the price of the Ethereum coin is below the 50-Day SMA at $2,895.17. It has only recorded thirteen green days in the past month; a sign bears are in control.

Despite the decline, the Ethereum token remains the first largest coin. Its market cap is ranging between $260 billion and $340 billion on the monthly timeframe.

Toncoin (TON) Drops To Four-Month Low

Toncoin (TON), linked to the Telegram messaging application, has dropped below the $5 mark as bearish sentiment continues. The value of Toncoin crypto has been on a downtrend since the arrest of Telegram co-founder and CEO Pavel Durov in France.

The recent outages on the TON blockchain linked to the DOGS airdrop have only made matters worse. While TON is separate from Telegram as an organization, it provides a number of cryptocurrencies-related functions within the messaging app.

Going forward, the Toncoin price is trading below the 200-day SMA ($5.62). Its market cap is ranging between $11 billion and $18 billion on the monthly timeframe. Analysts expect the Toncoin token rebound to occur in the coming weeks.

IntelMarkets: The Latest AI-based Coin Making Waves in the Market 

A new trading platform, IntelMarkets (INTL), is garnering attention in the crypto community. This new entrant is here to ensure that everyone can have access to AI trading and rare trading opportunities within the crypto market. 

In addition, IntelMarkets has an AI-powered trading bot that traders can use to place automated trades, monitor the price movement of many coins and even train to use certain trading strategies.

Also, IntelMarkets will provide a link between new investors and rare trading markets. Such opportunities are rarely offered to traders and are rather available for those who have a large amount of capital to invest. 

Thankfully, IntelMarkets is here to help with this. These opportunities will allow the traders to make more money. Other features that IntelMarkets offers include high leverage and copy trading. Currently, in the first stage of its presale, IntelMarkets is trading at $0.009. Analysts forecast its price will jump by 1,100% soon.

Can IntelMarkets Outshine Toncoin and Ethereum in the Next Bull Run?

Analysts believe IntelMarkets is a better cryptocurrency to buy ahead of the next bull run. Unlike Toncoin and Ethereum, IntelMarkets has a low market cap, meaning it has more chances for growth.

To add more icing on the cake, IntelMarkets is the native token of an AI-driven exchange. Its adoption is expected to increase in the coming months, and so is its price.

Discover More About IntelMarkets:

Presale | Buy Presale | Telegram | Twitter

 

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