A crypto market pundit spotlights a new AI coin defying the status quo across the cryptocurrency market. While Dogecoin (DOGE) and NEAR Protocol (NEAR) tip into a downtrend due to mounting selling pressure, this coin trends higher, breaking through new price levels amid its public presale.
Given its bullish reaction to the general market downturn, experts posit the AI coin might be a worthwhile investment. Let’s find out everything there is to know about this new AI coin!
IntelMarkets Captures Attention As A Lucrative AI Coin
Amid the ongoing AI coin resurgence, IntelMarkets stands out as a remarkable project every crypto trader ought to go after. As a crypto trading platform for perpetual contracts, IntelMarkets brings new-age technologies to the cryptocurrency landscape, enabling futures traders to experience another level of confidence in their trading journey.
Seeing as the world is rapidly gravitating towards artificial intelligence, IntelMarkets integrates AI-based resources, such as self-taught robots, to empower retail traders to achieve automation in the ever-evolving crypto market.
These AI-powered products will give traders an edge in the competitive and volatile market, helping them catch opportunities faster and trade smoothly.
Besides being an AI-driven platform, IntelMarkets is also a blockchain-based project built on Ethereum and Solana. It uses the blockchains’ powers to achieve efficiency, speed, and lower trading costs.
Currently, in its presale phase, the AI coin INTL has already set off a buzzer within the crypto community due to its bullish progression amid the general market bearishness. As INTL enters Stage 3 of its public presale at $0.027, investors prepare for a 307% ROI when the AI coin hits its final presale price of $0.11.
Dogecoin Set For Double-Digits Dip As Support No Longer Holds
Market specialists have commented on DOGE’s unimpressive price action after the meme coin shed 20% of its market value due to a broader market decline. In particular, a prominent crypto expert, Kevin, remarked on Dogecoin’s outlook on October 2, 2024, in a post on X, declaring that the chart “looks so bad” on the weekly timeframe.
In the post, Kevin highlighted a failed breakout of a falling wedge pattern that had been forming for several months on DOGE’s chart. While this pattern is typically bullish, the failed attempt to break out of it has raised concerns about the meme coin, considering it might negate the anticipated outcome.
Kevin opined that DOGE’s inability to rocket out of the wedge successfully could be because sellers have overpowered buyers, causing the coin’s price to fall. Hence, the initial breakout attempt might even be a fake-out meant to trap buyers.
Based on DOGE’s chart view, the $0.10 support zone is about to be breached, signaling a potential double-digit drop in Dogecoin’s price to the next price floor at $0.08. For now, Dogecoin’s DOGE is trading at $0.10, down 12.27% over the last seven days.
NEAR Protocol Drops 8.91% Within A Week
NEAR Protocol entered the limelight due to the market-wide correction impacting its value. Per market data, the coin fell 8.91% within seven days, joining the list of cryptocurrencies with the most notable losses triggered by the prevailing broader market dip.
NEAR’s decline comes on the back of recent ecosystem innovations, partnerships, and growth that are expected to push the asset’s price up. Recently, NEAR Protocol forged a partnership with Nvidia and Alibaba, creating a bullish ambiance around the coin.
However, recent developments have dimmed the bullish sentiments market participants had for NEAR. Although some analysts believe the situation is temporary, investors are looking towards other AI coins for profit, having incurred losses from NEAR.
Presently, NEAR is trading at $4.55, having experienced a 2.66% intraday loss. The lack of positive goads may result in the NEAR Protocol coin tanking further till the market recovers.
INTL Becomes the Go-to AI Coin For DOGE And NEAR Investors
As DOGE and NEAR struggle, INTL has become the investment alternative to these established coins. Capitalizing on its presale, the aim is to not only cash in on the potential 307% gain awaiting by the end of the AI coin’s presale but only the gains after it launches on crypto exchanges.
With experts optimistic about INTL, it could be one of the best AI coins to invest in today!
Disclaimer: This is a sponsored article 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