Amid the ongoing battle between bears and bulls in the crypto space, Shiba Inu has seen a 171% spike in whale transactions. Binance has also launched a new solana-based staking product called BNSOL.
Meanwhile, IntelMarkets is causing a lot of buzz in the crypto sector. Its AI-based platform and features has attracted both new and experienced investors to its presale.
Shiba Inu (SHIB) sees 171% surge in whale transactions
Shiba Inu (SHIB), a dog-themed cryptocurrency, witnessed high whale activity on September 4th as other cryptocurrencies experienced selling pressure. The trading activity of Shiba Inu crypto increased by 171%.
This increase brought the total transactions to $25.81 million. Despite the rise in transactions, the Shiba Inu price is trading in the red zone.
The memecoin has failed to cross the resistances at the 50-Day SMA ($0.00001502) and 200-Day SMA ($0.00001962). The sentiment surrounding the Shiba Inu coin is negative. As a result, its chances of growth are slim. Presently, its market cap is ranging between $7.5 billion and $9.5 billion.
Binance to unveil new solana product this september
Crypto exchange Binance has revealed plans to release its Solana-based staking token (BNSOL) before the end of September. The wrapped token will be given to those who want to use their Binance-staked Solana for other on-chain operations.
When users stake the Solana, they can mint the BNSOL from Binance and still earn a percentage payment for the value of the staked SOL token. In other news, the Binance Coin price is trading below the 50-day SMA ($548.01) and 200-day SMA ($535.36).
The cryptocurrency has been on a downtrend since it fell from its all-time high of $720.67. The market cap of Binance Coin crypto has seen a huge dip, dropping from over $87 billion in August to $73 billion in September.
IntelMarkets (INTL) attracts new and experienced traders
IntelMarkets (INTL) has proved to be an investment paradise for investors. New and experienced traders are entering the new AI-based exchange IntelMarkets for huge returns. IntelMarkets has been emerging as the most revolutionary platform since the time the platform incorporated artificial intelligence.
Major areas of the platform include the provision of market analysis and self-learning trading bots. These bots can help users manage their capital in the best way possible, depending on past performance and how much risk they can take.
In the conventional trading environment, the retail traders are often disadvantaged. That is so because the technical analysis shows different signals that make it difficult for traders to know where to enter the market.
Also, IntelMarkets’ Intell-Array™ monitoring technology can process more than 100,000 pieces of information at once and gives one signal to buy or sell. Traders are currently trooping to the presale and buying IntelMarkets native coin, INTL. It is priced at $0.009 and expected to rise by 11x to $0.1 after listing.
Can IntelMarkets overshadow Binance Coin (BNB) and Shiba Inu?
The IntelMarkets platform is fully packed. It has a trading bot, price monitoring software, and other computing tools that will make trading easier for investors.
Because of such features listed, analysts believe IntelMarkets is poised to see huge growth and adoption in the coming weeks. This adoption could translate into high price growth for INTL, positioning it as a better cryptocurrency than Binance Coin and Shiba Inu.
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