Despite the ongoing bearish sentiment in the crypto market, analysts have predicted the values of Ethereum (ETH) and Tron (TRX) could soar high in the coming months. However, they argue a new Crypto ICO, IntelMarkets, could emerge as the best performer.
According to analysts, IntelMarkets has a low market cap and unique approach. They predict a price increase of 1,100% in the coming months.
Franklin Templeton Files Bitcoin and Ethereum (ETH) Index ETF Proposal with SEC
Franklin Templeton has submitted an application to the US SEC for the listing and trading of its Bitcoin & Ethereum Crypto Index ETF. Franklin Templeton will manage the new ETF, which seeks to provide investors with access to two major cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), combined in one index fund.
This ETF would enable the investors to have exposure to both Ethereum crypto and Bitcoin (BTC) without actually holding these very volatile assets. The trust will primarily hold Bitcoin (BTC), Ethereum (ETH), cash equivalents, and short-term investments with a maturity of less than three months.
In other news, the Ethereum price has dropped below the 50-SMA ($2,559.80) and 200-SMA ($3,099.05). This move is a bearish sign and could lead to more losses in the future. On the other hand, TheDustyBC forecast the value of Ethereum coin could pump to $5k in the coming months.
Tron (TRX) Revenue in Q3 2024 Stands At $577 Million
According to the data from Tronscan, the Tron network generated over $577.2 million in Q3 2024. 74% of the revenue came from staking, while 26% came from burning. Token Terminal data also revealed that Tron’s (TRX) total fees and revenue surpassed leading competitors, including Bitcoin and Ethereum.
While Bitcoin generated about $56.3 million, Ethereum generated $256 million in the same quarter. This massive increase in revenue came at a time when memecoin activity on the blockchain skyrocketed.
The Tron coin even benefited from the price surge. Currently, the token is showing profits on the weekly, biweekly, and monthly timeframes. It is one of the few altcoins that has escaped the ongoing bearish attack.
Analysts are bullish about the Tron price. They say its value could skyrocket to ?$0.171619 as long as it remains above the 50-SMA ($0.150938) and 200-SMA ($0.132568).
IntelMarkets (INTL) Brings Exciting Improvements To Crypto Trading
One of the best DeFi projects currently in the crypto market is IntelMarkets (INTL). This new entrant aims to overcome each of the challenges that the current cryptocurrency trading market presents using the power of AI and blockchain. The issues IntelMarkets addresses are low speed, security, and high charges for transactions.
The IntelMarkets platform has a dual-chain structure and is compatible with Solana, and Ethereum is both compatible. Also, Intel Markets has a bot developed with Artificial Intelligence, which investors can use to make their trade easier. A total of 1200 traders have made a profit from the bot which is quite encouraging.
The bot will help traders monitor the market volatility in different tokens, including Solana and Tron. This will help them to be in a position to make the right decisions when trading in the market. According to data from CoinMarketCap, the value of the total crypto market is over $2T currently.
Therefore, as Intel Markets joins this market, its trading volume and price are likely to rise in the next few months. Currently, the INTL is now trading at $0.027364 and the project has raised $910k in funding. This value of INTL is expected to increase in the near future to 1,100%, according to analysts.
Conclusion
While Ethereum (ETH) and Tron (TRX) remain promising, a new player known as IntelMarkets is slowly gaining ground in the crypto market race. Analysts are bullish about this new DeFi coin. They say its value will skyrocket in the coming months.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets