Top altcoins like Solana (SOL) and Sui (SUI) could be heading to a price correction phase after their recent rallies that saw the latter hit an all-time high (ATH). But a correction phase almost always follows a price pump. That’s why experts believe SOL and SUI might be in danger of a price dip.
Meanwhile, a new AI-powered crypto exchange, IntelMarkets (INTL), has stolen the spotlight with its potential for a substantial 100x growth potential. The exchange’s innovative and advanced AI tools also drive optimism around IntelMarkets.
But the question is, will INTL outpace Solana and SUI in the impending crypto bull run? Let’s find out!
Solana Could See a Price Decline as It Unlocks 524.03K Tokens
As per Token Unlocks, Solana is facing possible price pressure with the upcoming unlock of 534,030 SOL tokens from October 15 to October 22, 2024. This represents only 0.11% of Solana’s existing supply, but it can’t be denied that token unlocks are often associated with price dips due to increased market supply.
SOL is going for $158 and has already started to feel the effects, with a 2.74% price decline in the past day. Although the token is still firm on the weekly chart, analysts believe these gains could be short-lived.
Experts predict further downward pressure with the unlocked tokens slowly hitting the market. They foresee SOL dipping to $154 by the end of the week.
With more tokens circulating, investors are closely watching Solana’s price movement. They are anticipating how the market will absorb this new supply. Whatever the case may be, SOL is indeed headed for a dip.
SUI Dips to $2 After a Brief Rally to Its ATH Amid Insider Trading Allegations
SUI recently faced a sharp price drop following allegations of insider trading. On October 14, 2024, pseudonymous crypto analyst Lightcrypto accused insiders of selling $400 million in SUI tokens during its recent price surge.
These claims, which tied specific wallets linked to the initial coin offering to alleged token sales, sparked a debate within the crypto community.
The Sui Foundation quickly responded on October 15 and outward refuted the accusations. The firm went on to clarify that neither employees nor investors associated with Mysten Labs, the blockchain developer, were involved in the sales.
Presently trading at $2.02, SUI reached an all-time high (ATH) of $2.35 before the allegations, but the token has since fallen to $2.00. On the weekly chart, SUI is down 0.32%, erasing most of its gains. Experts predict that SUI’s price could dip further, potentially falling below $2 by the end of the week.
IntelMarkets: A 1000x Leverage, Popular Asset Pairs, and Unparalleled Liquidity
As SOL and SUI face potential price declines, many traders shift their focus to platforms like IntelMarkets, which offers cutting-edge tools and unmatched trading advantages.
If you consider yourself a trader who consistently struggles to capitalize on current market trends because of certain platform limitations, IntelMarkets might be the answer you’re looking for.
Undoubtedly, one of the most frustrating parts of trading on traditional crypto exchange platforms is less flexibility and slow trade execution. That’s particularly true when the crypto market is moving faster than usual. With IntelMarkets’ dual-chain architecture on Ethereum and Solana, you no longer have to deal with network bottlenecks or missed opportunities.
But what truly makes IntelMarkets stand out is the 1000x leverage it offers. If you’ve been trading with 10x or 20x leverage on other platforms and feel limited, imagine the power of amplifying your positions up to 1000x.
While leverage can be risky, IntelMarkets provides extensive risk management tools to protect your capital and keep your strategies aligned with market conditions.
Liquidity is another critical pain point for traders. You’ve probably faced slippage when placing large orders or struggled to execute trades quickly during high volatility. With IntelMarkets’ unparalleled liquidity, those days are over!
The platform’s advanced infrastructure guarantees that traders like you can execute large orders without the headaches of slippage or price manipulation.
INTL Prepares for a 100x Price Pump After Launch
After INTL’s official launch, traders and investors are already eyeing a 100x potential. This makes IntelMarkets one of the most talked-about presales of the year.
If you are searching for the next big thing in the crypto market, INTL gives you a ground-floor opportunity that could yield life-changing returns.
Currently, the AI coin is cheap at $0.027 in Stage 3 of its public presale. That’s already a 200% increase from its Stage 1 price of $0.009. But the real magic happens at launch when INTL is expected to hit $0.11. The launch will deliver over 300% gains for those joining the presale.
If you’ve been waiting for the perfect moment to join a presale with 100x potential, this is it. No one should be waiting until it’s too late. Lock in your presale position now and prepare to enjoy the ride when INTL officially launches and begins its climb to $0.11 and beyond!
Also Read: Investors Migrate From TRX to This Solana Sensation – Dogen Presale Disrupts the Memecoin Landscape
Disclaimer and Risk Warning
This article is a sponsored press release meant solely for informational purposes. OvenAdd neither endorses nor takes responsibility for the content, quality, products, advertising, or accuracy of any materials within this article. The views expressed do not represent those of OvenAdd and should not be considered legal, tax, investment, or financial advice. Readers are advised to conduct their own research before making any significant decisions.
