The downward price movement in the crypto market has forced Cardano and Toncoin investors to seek more promising projects. The top project on their list is Intel Markets after hitting another milestone.
Analysts say the value of Intel Markets will increase by 10x soon. Meanwhile, Cardano co-founder says the Plutus V3 update is on the way. Also, the TON network has been down for six hours.
Cardano (ADA) Co-founder Talks About Upcoming Upgrades
Cardano co-founder Charles Hoskinson talked about some major updates for the Cardano blockchain at the just concluded Rare Evo 2024. The major focus of his discussion was the Plutus V3. Hoskinson said the update is “coming in just a matter of weeks.”
Another update the founder talked about was Hydra. Currently, the Cardano community is looking forward to the Chang hard fork upgrade. This upgrade is expected to bring decentralization to the network.
Meanwhile, the Cardano coin is trading around the $0.3-$0.5 region on the monthly chart. The cryptocurrency’s market cap is also trading between $10 billion and $15 billion. Cardano crypto is facing resistance at the 50-Day SMA ($0.38333). The token must cross this mark to begin an uptrend.
TON Blockchain Down for Over Six Hours, No Block Processed
The Open Network (TON), which has been experiencing a lot of attention in the past month, shut down on Tuesday. Users noticed the outage when the protocol stopped processing transactions for a long time.
According to information from blockchain explorer Tonscan, the Toncoin network has been down for more than six hours. Tonk Inu had stated in an August 28th post that the Toncoin blockchain has been experiencing downtime because of the latest DOGs listing.
In the meantime, the price of Toncoin crypto is bearish on the weekly and monthly levels. It is trading below the 50-Day SMA ($6.73) and 200-Day SMA ($5.64). Experts forecast the price of Toncoin could increase to $7.00 in the coming weeks.
Intel Markets Ranked As the Best ICO in the Market
Intel Markets (INTL) is among the best presale projects in the market now. The project, which is the first stage of its presale, has already raised $170k in funding. Analysts forecast the price of the platform’s native token, INTL, could jump by 10x in the coming months from its current price of $0.009.
The reason for the high-interest Intel Markets are witnessing is the rush for its upcoming AI-powered exchange. The exchange, which is built on Solana and Ethereum, promises to give investors access to fast transactions at low cost. Intel Markets also has an AI trading bot, which gives traders profitable trades.
It can also be used for other functions like market analysis and market predictions. That is not all. Intel Markets has advanced trading tools and systems that investors can use to analyze the market and make well-informed trading decisions. With the features listed above, analysts say Intel Markets could mirror Solana’s bullish price growth in the coming months.
Why Are Cardano and Toncoin Holders Rushing To Intel Markets?
Cardano And Toncoin investors are flocking to Intel Markets because of the downturn in the crypto market. Analysts forecast the price of Intel Markets will rise by 10x in the coming months.
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