Although the crypto market faced a steep correction this week, Dogecoin (DOGE) and the hot new altcoin, IntelMarkets (INTL), have been breaking records. The Dogecoin network was responsible for 74.45% of all memecoin transactions as active users surged.
Also, IntelMarkets has crossed $910k in its presale as investors prepare for a revolution in the crypto trading space. As a result of their rising network activities, analysts expect these two altcoins to see bigger gains than Cardano (ADA) this quarter.
Dogecoin (DOGE) On-Chain Activity Surge, Price Could Follow
According to data from IntoTheBlock shared by Ali Martinez, Dogecoin (DOGE) has seen a huge spike in on-chain activity, breaking records. The data showed that the Dogecoin crypto recorded 782,000 transactions, or 74.45% of all memecoin transactions last week.
This comes as the number of Dogecoin (DOGE) active addresses jumped by a staggering 72%. In addition, Dogecoin (DOGE) has experienced positive net flows for six consecutive days, highlighting the growing positive sentiment from investors. They expect the DOGE price to rise in the coming weeks.
However, the Dogecoin price is currently down by 10% on the weekly timeframe. Despite the ongoing decline, DOGE still holds above $0.100, suggesting that its break above the descending triangle pattern is still intact. If this bullish pattern holds out, DOGE could skyrocket to $0.50 before the year ends.
Investors Grow As IntelMarkets (INTL) Prepares To Transform Crypto Trading
Over the last few weeks, a lot of investors have been showing interest in IntelMarkets (INTL), a new DeFi project that is set to revolutionize crypto trading. To improve the trading process, IntelMarkets is building a trading platform using the next-gen Rodeum AI.
IntelMarkets gives traders access to over 1,000 technical sources through our integrated data pipelines. As a result, traders can use these AI tools to instantly evaluate significant market moves and get very accurate signals to improve their results. IntelMarkets also offers retail traders access to markets that were previously accessible to traders with an AUM of over $100M.
In addition, users can develop the best trading strategies using the self-learning trading robots of IntelMarkets. There is also a copy trading platform that you can use to tap into the results of the traders with the highest profitability results.
All these features have been put together to make sure that crypto traders get better trading tools and become more profitable. Because of this, a lot of investors have been joining the IntelMarkets revolution, helping it cross $910k in its crypto ICO. As a result, analysts have forecasted that from its current price of $0.027364, INTL can close the year trading as high as $0.5.
Cardano (ADA) TestNet Goes Live
There is palpable excitement in the Cardano (ADA) community as the Midnight public testnet has finally gone live. This marks a major milestone for the Cardano network as developers can begin building on what many consider to be the next phase for the blockchain.
The Midnight sidechain will solve one of the biggest challenges for dApps — protecting sensitive information while complying with regulations. As a result, expectations are high for this upgrade. However, the Cardano coin continues to underperform, dropping to $0.330 to extend its YTD loss to 44%.
All the technical indicators of ADA are showing a strong sell, hinting that the Cardano price might continue to drop in the foreseeable future. For this bearish trend to change, Cardano (ADA) must recover above the 30-SMA ($0.355) and 10-SMA ($0.378).
Why Dogecoin and IntelMarkets Will Outperform Cardano
Investors are showing more interest in IntelMarkets and DOGE because of the bearish outlook of Cardano (ADA). DOGE could rally by more than 5x before the end of this quarter, while INTL could lead the market with an 18x price pump before the year ends.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.