Pump.fun New AMM To Streamline SOL Ecosystem, But This AI Blockchain Could Deliver 27,000% Gains
SOL investors have been on the edge of their seats for quite a while now. However, the recent inclusion in the Federal Reserve has renewed investor confidence with the Solana price surge. However, a new AI contender, IntelMarkets, is stealing the spotlight, with over $11.2 million raised in its public presale and speculated to land over 27,000% gains before its grand launch.
Solana Price Nears Recovery: Analysts See Rebound For SOL
Solana (SOL) recently joined Bitcoin and three other top cryptos in taking a shot at recovery after weeks of slow bleeding and loss of investor confidence in the altcoin. SOL rallied by more than 27% in the last 24 hours, which is $140 from yesterday’s lows to the intraday high of $178. This added a record $37 to the Solana price in less than two hours.
It is worth noting that the Solana price has been under massive sell pressure, which saw it shed as much as 40% of its value in February alone. A combination of factors have added to its current sentiment. From the Libra scandal to broader market correction, heavy sell-offs by SOL whales and the anticipated SOL token unlocks have all been dragging the Solana price down.
Some analysts have also said that many memes on the SOL ecosystem have also sucked liquidity from the Solana price. Also, it is rumored that Pump.fun, one of the most successful projects on the SOL ecosystem, is testing its own Automated Market Maker (AMM). A successful launch post-testing could push the Solana price potential to new highs.
Market Enthusiasts Ponder if Solana Price Can Sustain
From a technical point of view, SOL has hinted at a possible rebound in the short term. For instance, the MACD lines converged with the blue MACD line and crossed the signal line from below on the SOL daily chart. And even though they are still in negative territory, the trend has reversed and is on an uptrend.
Solana’s RSI has also improved from last week’s lows of 24 to settle in the neutral zone at 46. Both highlight a growing bullish momentum for SOL holders. Several other factors, both on-chain and macro, are also expected to help sustain this uptrend. Or, to say the least, prevent the Solana price from dropping further.
Solana (SOL) Overshadowed by IntelMarkets’ Million-Dollar Presale
As SOL investors move toward the altcoin to regain profits amid the recent price recovery sentiment, IntelMarkets (INTL) is equally witnessing a sudden rise in the platform following its presale success. So far, the platform has raised over $11 million and sold over 40 million INTL tokens priced at $0.09 at the time of writing.
This next-generation platform is predicted to take over the Solana price recovery hype with its fast-selling presale frenzy. IntelMarkets’ integration of AI technology with crypto trading is disrupting as a game-changer in the market, with more and more investors and traders flocking to the network to benefit from its AI trading robots and pinpoint accurate trading signals.
IntelMarkets Hints at a Strong Rally to Deliver 27,000% Gains
IntelMarkets (INTL) is attracting Solana whales with its widespread adoption among some of the renowned top-tier investors. Based on its current performance trajectory, analysts speculate that this enterprise-grade platform could deliver up to 27,000% gains in the upcoming sessions. IntelMarkets is also on track to cross the $1 billion market cap in record time.
For investors too busy to comprehend the shifting market conditions, changing altcoin performance, and price illustrations, IntelMarkets (INTL) offers a premium one-stop trading hub. Its AI-powered trading robots help traders get it all done without moving an inch. The platform integrates AI across all levels to offer automated trading with human-like skills. Learn more below.
Discover More About IntelMarkets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
