After a long bearish period, positive momentum seems to be back in the market. According to data, the on-chain metrics of Solana (SOL) have increased in the past month. However, an analyst forecasts the price of Cardano crypto could drop in the coming weeks.
Meanwhile, IntelMarkets is merging the best of Solana and Ethereum blockchains to give investors a good trading experience. This dual-chain support brings benefits like fast transactions, low fees, high throughput, and access to liquidity.
Solana (SOL) Price Could Pump Soon as Network Metrics Soar
The Solana price may be gearing up for a surge as on-chain metrics for the altcoin have risen in the last thirty days. The Ethereum competitor chain has witnessed a sharp drop in transaction fees and a surge in daily active wallet addresses.
Data from Hellomoon shows 22.88 million new addresses were created in the first ten days of September. It accounts for 57% of addresses created in the whole month of August. It also indicates the rapid adoption of the Solana blockchain among new users.
Dune Analytics data reveals the Solana (SOL) average transaction fee is $0.00520, a 68% decline since August 9. Meanwhile, the Solana coin price is up on the weekly chart. The analyst forecasts the token could surpass the 200-day SMA ($146.78) in the coming weeks.
Cardano (ADA) is Showing Signs of Weakness, Analyst Says
Lingrid noted in a recent update that Cardano (ADA) has dropped below the key $0.35 resistance level and is exhibiting signs of weakness. The analyst highlighted that most cryptocurrencies have been in a sideways trend. Yet, the Cardano coin has remained stagnant.
According to Lingrid, the price of ADA may slide down to the $0.30 level if it does not remain above the $0.325 support level. When writing, the Cardano price has increased by 5% on the weekly timeframes, crossing the $0.35 mark.
The market cap of Cardano is also consolidating between $11 billion and $14.5 billion on the monthly timeframe. However, it is still below the 50-day SMA ($0.35879), a major resistance it must cross to reach higher levels.
IntelMarkets Gives Investors and Crypto Traders Access to Multiple Markets
The $36.5 billion crypto trading platforms market has faced several challenges that have affected investors over the years. Unfortunately, most exchanges have not been able to solve this issue. That’s where IntelMarkets (INTL) comes in. IntelMarkets is an AI-powered trading exchange that solves all these issues in its platform.
Investors don’t have to visit different exchanges. IntelMarkets has a dual-chain architecture that supports both Ethereum and Solana. That is not all. It offers traders leverages of up to 1,000:1, allowing them to make huge profits from a small investment. Intel Markets also allows traders to use its self-learning AI trading bot to evaluate the market and make trades.
They can also use it to predict potential price movements and manage their portfolio according to their risk level. There are also risk management tools that traders can use to minimize losses while trading using high leverage. The features above have attracted many traders, including Solana and Cardano investors.
Why are Investors Going for IntelMarkets Ahead of Solana (SOL) and Cardano (ADA)?
IntelMarkets is in the first stage of its presale and has achieved a new milestone – crossing $250k in funds raised. The project is aiming to raise $1 million soon, thanks to the unique features investors have spotted on the new trading platform.
Analysts forecast the price of IntelMarkets’s INTL coin could increase by 100% in the coming weeks. This bullish prediction has attracted the attention of investors who are leaving Solana (SOL) and Cardano (ADA).
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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