September 24th, 2024 at 2:00 pm UTC · 4 min read
/IntelMarkets/ – A PayPal executive believes Solana is the best solution for payments due to its low fees, fast transactions, and token extensions. BNB Chain has partnered with Telegram to give users and developers an easy way to get into Web3 using mini-apps. This move comes after the popularity of mini-apps like Notcoin and Hamster Kombat.
Meanwhile, Solana and Binance Coin investors are moving to a new platform to trade cryptocurrency perpetual. This new platform, IntelMarkets, has taken perpetual trading a notch higher by offering users access to AI trading bots and advanced trading tools.
PayPal’s José Fernández has recently sparked controversy after he said that Ethereum is not the best solution for payments. Fernández did mention that Solana with its token extensions, low fees, and a capacity to process 1,000 transactions per second, is a better candidate for payments.
Meanwhile, the Solana coin is close to breaching the $150 mark after it surpassed two major resistances at the 50-Day SMA ($141.68) and 200-Day SMA ($146.19). The bearish sentiment that once surrounded the DeFi coin has turned bullish, visible with the 14-day RSI, which has crossed the 50 mark.
Besides, the Hull Moving Average (9) is giving a buy signal. Looking ahead, analysts are expecting a major price rally in the coming weeks. Coincodex forecasts the price of Solana crypto could rise to $151.32 in the short term to $172.27 If the uptrend continues.
The BNB Chain has partnered with the messaging app Telegram to expand its platform. This collaboration is to provide easy navigation for both users and developers and improve the overall user experience within the platform.
BNB Chain is planning to extend its ecosystem to Telegram mini apps – web applications designed to function within the Telegram environment. In other news, the Binance Coin price is consolidating between $475 and $600 on the monthly timeframe.
The value of the token, which is among the top 5 cryptocurrencies, has increased by 11.9% in the past two weeks. The Binance Coin crypto is under the bullish sentiment and is trading above the 50-Day SMA ($532.34) and 200-Day SMA ($531.80).
The BNB coin must continue trading above these two levels, which have become major support points, if the uptrend must continue. Coincodex forecasts the value of Binance Coin BNB could increase by 20.54% and reach $694.05 by October.
IntelMarkets (INTL) is an upcoming cryptocurrency perpetual exchange through which traders will be able to get direct access to the best perpetual futures contracts with the best leverage ratios – 1000x leverage. This new approach employs the dual-chain structure where popular blockchains, Ethereum and Solana, are used to offer fast transactions, low fees and high throughput.
These blockchains will enable fast execution of trades. It would do so by expanding the range of tradable assets and managing risks related to these assets. Additionally, IntelMarkets has an AI trading bot that investors can use to their advantage. The bot can be used to manage trades according to investors’ risk appetite, trained to follow specific strategies, and evaluate market trends.
IntelMarkets also has advanced trading tools for risk management, high liquidity, omnichannel trading systems to give traders straightforward indicators, and much more. Also, IntelMarkets is very secure. The quantum-resistant protocol gives an additional layer of security to the assets on the blockchain.
Because of the features above, analysts are bullish that IntelMarkets can revolutionize the $101.9 billion daily trading volume perpetual market. The presale has already raked in over $450k in its first couple of weeks. Its native coin, INTL, has increased by 100%, rising from $0.009 to $0.018. However, analysts believe it could peak as high as $0.5 before the year ends.
IntelMarkets, a new DeFi project, has a slew of features that make it stand out from other trading platforms. Its integration of AI, blockchain technology, and advanced trading tools makes trading easier for new and professional investors who want to grow their portfolios.
Discover More About IntelMarkets: Presale, Telegram, Twitter.
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