Solana Traders Double Down on DOGE after Meme Season Returns: This Viral Crypto Could Be Next in Line 

/IntelMarkets/ – Quarter 4 of 2024 approaches with a massive surge in the momentum of the meme coins. Market experts predict a meme coin rally as Solana (SOL) traders double their Dogecoin holdings. This surge in SOL investors will surely bring a bullish rally for DOGE.

Joining Dogecoin’s ascending momentum, IntelMarkets (INTL) also emerges as a viable investment option as the AI-driven platform is set to soar exponentially at a very low investment cost.

On-chain Data Supports Surge in Solana (SOL) Price

According to Artemis Terminal, Solana (SOL) witnessed $992.6 million in net inflows over the last month, surpassing Ethereum and other networks. The data highlighted September 12 as a record-breaking day with the highest-ever net inflows of $655.1 million and an all-time high of 3.95 million active addresses.

This increase in active addresses of Solana (SOL) and net inflows suggests that new capital is entering the network. This influx is primarily due to the introduction of new tokens, notably meme coins, which have become particularly popular on the network.

The number of new addresses significantly increased in the last two months, with the figure nearly doubling from 26.31 million in August to 60.55 million in September.

Moreover, Solana’s (SOL) transaction fees have significantly decreased, making it more attractive to new users. This reduction in fees came as the popularity of Pump.fun, a platform known for launching meme coins, waned.

In comparison to Ethereum, Solana (SOL) has demonstrated superior performance in several key areas. A report by VanEck indicated that Solana (SOL) has exceeded Ethereum in terms of daily net flows and other critical metrics.

Dogecoin (DOGE) Surges Over 10% Today!

Dogecoin (DOGE) is making waves in the crypto world, bouncing back with some serious energy after hitting a recent low of $0.1135. In just 24 hours, it surged over 10%, reaching a high of $0.1248.

This resurgence in DOGE momentum is a refreshing change after a lengthy five-month period of stagnation, where the Dogecoin seemed to be stuck in a rut. As we look ahead to Q4 2024, excitement is brewing in the crypto community, with many speculating that a breakout could be on the horizon.

Since September 25th, DOGE has been on a steady upward trajectory, leading analysts to ponder the possibility of a bull run that could push the price past the crucial resistance level of $0.20, potentially hitting yearly highs.

From a technical standpoint, the outlook for Dogecoin is looking bullish. Recent price patterns suggest that DOGE is gearing up for a significant move. Historically, the DOGE/USDT trading pairs have formed triangle patterns that often precede price increases. Although the asset’s behavior shifted after reaching $0.23 in April, the upcoming meme coin rally can push it explosively, grabbing the attention of SOL whales.

IntelMarkets Launches Advanced Trading Solutions

IntelMarkets offers innovative trading features that empower traders. It offers leverage options up to 1000x so that you can make large profits from small investments. Using this, traders can make over $100,000 from a $100.

IntelMarkets’ AI-powered trading bots have a proven track record of profitability. You can use these tools to become more profitable. This AI bot will track your trading habits and help to make your trade better.

Moreover, it automates trade and assists in capital allocation, risk management, etc. Experts say these bots are so advanced that they learn from their experience and get better every day. IntelMarkets also provides exclusive trading opportunities like breakout trends and lucrative arbitrage situations.

The platform offers a wide range of advanced trading tools, including real-time market data, customizable trading indicators, and support for platforms like MetaTrader 4, MetaTrader 5, and TradingView. Users can trade better and execute trades with precision across desktop, mobile, or institutional APIs.

After raising $2 million in a private sale, IntelMarkets is now in Stage 2 of its public presale, with tokens available at $0.018. Over 17 million tokens have been sold in Stage 2, and investors are excited about the 50% price rise in Stage 3, which will give them 50% instant profit.

Discover More about Intel Markets: Presale, Buy Presale, Telegram, Twitter.

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