While Bittensor (TAO) and the unstable Solana price chart have alerted investors, with broader bearish sentiment developing in the market, IntelMarkets (INTL) has proven to be a safe haven to help recover losses. This next-generation platform is touching high-stake opportunities for traders in its presale as the platform adds over 110,000 new holders to the community.
Solana Price Trend Hints at a Potential Rebound Soon
Being one of the hardest-hit cryptos this week, Solana (SOL) witnessed a recent breakdown to around $130. Over the last 30 days, the Solana price has suffered a dramatic 41% drop in its trading value. Currently, the Solana price is hovering around $140 with lesser signs of further dips. Analysts believe the recent plunge took place due to the SOL’s reduced on-chain activity.
Based on the report received by Cointelegraph, decentralized exchange volumes on the SOL network have dropped by 30% over a week and touched their lowest level since October 2023. Another factor behind the Solana price plunge is the collapsed crypto exchange FTX’s plan to unlock 11.1 million SOL tokens worth $2.06 billion on March 1.
According to Manish Chhetri’s analysis, the SOL token unlock could negatively impact the Solana price. Meanwhile, the recent Bybit hack is also partly to blame for the Solana price correction and crypto market downturns. This major security breach cast a shadow over the broader crypto market, indirectly affecting Solana’s trading value.
Bittensor (TAO) Monthly Chart In Red: Reports 35% Price Correction
Bittensor’s TAO token is trading at $310.34, reflecting a 14.07% decline from the previous close. With the rising bearish sentiment in the network, TAO’s market cap has plunged by 14.01% ($364 million) in the last 24 hours. The token is currently testing the 20-day Exponential Moving Average (EMA) support at $420, with potential for further gains if support holds.
On the bright side, Zuvu AI and Vana announced a major partnership on February 26 to enhance DEX artificial intelligence within the Bittensor network. This collaboration is poised to create a financially sustainable AI ecosystem by leveraging blockchain technology to decentralize AI ownership and governance for TAO users.
IntelMarkets’ Viral Crypto Among Top Contenders to Beat Solana
The overall crypto market condition is moving toward recovery as investors look for advanced AI projects as alternatives to the current bearish networks. Among the many, IntelMarkets (INTL) is gaining traction as the AI-powered platform that offers the best way to buy, sell, and trade through its advanced AI agents that deliver lightning-fast execution speeds.
Whereas the Solana price could recover in the near term, the growing popularity around the IntelMarkets is drawing SOL whales into the network through next-generation analytics bundled with AI blockchain technology. This DeFi solution is positioned to outperform some of the most high-performing AI projects, including Bittensor’s TAO token, amid its bearish struggles.
IntelMarkets (INTL) Pulls Investors With Route X21 Execution
Speaking of the recent ByBit hacking scenario, lurking security threats in the market are also among the major reasons why investors are losing confidence in the market. This is where IntelMarkets’ Route X21 comes into play. This cutting-edge security protocol addresses the growing ability of quantum computing and its potential threats to blockchain ecosystems.
Through its next-generation technology, Route X21 focuses on implementing end-to-end cryptographic techniques across products to prevent security challenges. This way, IntelMarkets addresses rising concerns regarding the hacker attacks in the crypto market. That said, IntelMarkets is well-positioned to lead Solana and Bittensor (TAO) in the upcoming cycle.
With its AI tokens selling out fast, visit IntelMarkets’ successful presale below and claim a 75% bonus!
Discover More About IntelMarkets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.