Is Cardano Primed for a Breakout? Analysts Predict Toncoin and IntelMarkets Will Steal the Spotlight First
Since the recent Chinese rate cut and FTX inserting over $16 billion in the crypto market, many cryptos have been bullish. The cryptocurrency market has been very volatile, and Cardano (ADA) has been catching much attention because it is almost ready to break out.
However, Toncoin (TON) and IntelMarkets can take the lead first. Although IntelMarket has recently joined the list of the top cryptos, experts think that it can outshine Cardano (ADA) in the following weeks.
What you'll learn 👉
Toncoin (TON) Adoption Continues To Grow
TON, the native token of the TON network, has been on an uptrend on the weekly and monthly price charts fueled by a growth in network adoption. This rise in the price of TON comes in the wake of an announcement by a digital assets broker OVEX to add Toncoin (TON) to its list of traded coins.
Crypto analyst DownToCryptoTA told his followers that Toncoin crypto must remain above $5.758 to remain bullish. A break below the level could lead to a downtrend, DownToCryptoTA added.
Coincodex has two bullish Toncoin price predictions. The first is a short-term target of $7.59, while the second is a long-term goal of $19.11.
Cardano (ADA) Breakout Fails, What Next?
Cardano (ADA) experienced a massive rally last week after a period of long consolidation. The value of the cryptocurrency rose from a weekly low of $0.3703 to a peak of $0.4136. While many expected the Cardano price to keep climbing, bears entered the market and forced a downtrend.
Despite the downtrend, Cardano coin is still bullish on the weekly, biweekly, and monthly timeframes. Analysts forecast the price of the cryptocurrency could still surpass the $0.4 level and turn it into a support.
Presently, the sentiment surrounding Cardano (ADA) is bullish. It has strong resistance at the 50-SMA ($0.355567), and its 14-day RSI is above the 50 mark.
Coincodex says that the price of the Cardano crypto could surge to $0.446375 in the coming weeks. Another analyst, TrendRidersTR, says the value of the altcoin could pump higher if it crosses the resistance at $0.41.
IntelMarkets (INTL) Brings New Possibilities To the Perpetual Future Contracts Market
IntelMarkets, an AI-based and dual-chain platform, is expected to rule the perpetual futures market, according to analysts. Data showed the average daily trading volume for the perpetual futures market was $101.9 billion in 2022. IntelMarkets is an emerging dual-chain trading platform that combines the security of Ethereum and smart contracts with the speed of Solana and its low commissions.
That is not all. IntelMarkets has a leverage of up to 1000:1, and that tells us that high profits can be made in trading with very little capital being put at risk. Also, traders can place trades on many assets without fear of expiration dates. It also lets the traders utilize risk management tools that help them to reduce their losses, such as stop loss and take profit.
IntelMarkets also houses the Rodeum self-learning AI bot, which traders can employ to run trades and determine price levels. However, IntelMarkets has its own token called INTL, which is still in the presale stage. In its presale, the project has brought in over $730k as industry experts are backing IntelMarkets to be the future of crypto trading.
Analysts have tagged IntelMarkets as the best coin to invest in now. They predict that the price of the currency might rise by 1100% to $0.20 in the fourth quarter, and such a possibility makes it a good investment choice for investors.
Top Crypto Coins To Buy Right Now Cardano, Toncoin, And IntelMarkets
Although Cardano (ADA) is still the most likely to experience a breakout, Toncoin (TON) and IntelMarkets are gaining attention in the market. These altcoins may become the leaders in the future as markets evolve, giving a great chance to investors to get a competitive edge.
Discover More About IntelMarkets:
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
