VanEck To Close Ethereum ETF As Traders Jump on the Advanced Trading Tools of IntelMarkets; Cardano Hits New Milestone
Since the Chang hard fork, network activity on the Cardano blockchain has increased. In the latest news, the number of daily trades has hit a new record of 36K.
Also, VanEck wants to close its Ethereum ETF (EFUT) product. Meanwhile, IntelMarkets is developing a trading platform that houses more tools than conventional trading platforms.
What you'll learn 👉
Cardano (ADA) Reaches 36K in Daily Trades
In a recent tweet, cryptocurrency enthusiast Snek tweeted that the Cardano network has set a new record. According to him, the number of daily trades hit a peak of over 36K. Reacting to the news, Cardano founder Charles Hoskinson said, “Well done.”
The milestone comes a few days after Cardano carried out the Chang hard fork upgrade. Despite the increase in trading volume, Cardano ADA is trading in the red region. The cryptocurrency’s bearish price movement has pushed it below the 50-Day SMA ($0.36215) and 200-Day SMA ($0.472467).
Its market cap ranges around the $11-$14.5 billion mark. WorldOfCharts1 says the value of the Cardano coin might jump to $0.80 in the coming months.
VanEck Wants To Shelve Ethereum (ETH) ETF Product
VanEck has recently disclosed its decision to shut down its Ethereum ETF, EFUT, which shows a change in the strategy of the company regarding cryptocurrency products. This move to close EFUT comes as the asset manager assesses the various ETFs it has on the market.
VanEck is looking at several criteria like performance, liquidity, assets under management, and investors’ demand. Those who have EFUT are to sell their shares late by September 16. In other news, the Ethereum coin price is below the 50-day SMA ($2,781.31) and 200-day SMA ($3,170.10).
Its market cap is consolidating between a low of $260 billion and a high of $340 billion. Analyst Michael Van de Poppe forecast the price of Ethereum crypto could soar in the coming weeks.
The Exciting Trading Tools of IntelMarkets Attract Investors
IntelMarkets (INTL) is a new project to revolutionize the $36.5 billion crypto trading platform market. While other platforms provide only standard investment features, IntelMarkets goes further. It has an AI trading bot that can be self-taught. These robots can learn from the market conditions as well as your trade performance to enhance their efficiency.
Also they also get information from data feeds such as top traders’ on-chain performance. The result is a sophisticated investing tool that allows traders to invest their money wisely. INTL’s IntelMarkets provides traders with a simple way to get technical information and trends with the help of the Intelli-M data consolidation platform.
Traders get enterprise feeds from over 50 major sources and get complete trading signals. That is not all. IntelMarkets has other advanced features like copy trading, risk management tools, 1000x leverage, customized indicators, and lots more. Analysts believe this exchange can rival others like Binance and OKX after launch.
Can IntelMarkets’s INTL Coin Outperform Ethereum and Cardano?
Ethereum and Cardano have fallen victim to the ongoing downtrend in the crypto market. However, IntelMarkets is standing strong. The price of its INTL coin is expected to increase by 11x by the end of this presale.
Those who invest in INTL coins will see their investments grow by 11x. Also, they will have access to the project’s upcoming trading platform.
Discover More About Intel Markets:
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. 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 strongly 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 readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
