BlackRock has joined the list of large investors stocking up on Ethereum (ETH). The investment firm has bought over 100,535 ETH amid the ongoing downtrend in the market. Meanwhile, Dogecoin (DOGE) is forming a double-bottom pattern that could push it to a new level soon.
However, the most promising project in the market is IntelMarkets (INTL), an AI-based trading platform that aims to revolutionize crypto trading. Currently, in the crypto ICO phase, the value of the INTL coin has risen by about 810%. Its price is expected to skyrocket by 10x in the months ahead. Such potential growth places it as a good cryptocurrency to buy.
Dogecoin (DOGE) Forms Bullish Pattern
According to VipRoseTr, a popular analyst, the King of Memes, Dogecoin (DOGE) is preparing for a huge movement. In the opinion of the analyst, the Dogecoin crypto has a bullish pattern.
First, $DOGE is forming a new base at the lower end of the channel, which could lead to the formation of a double-bottom reversal pattern. This pattern means that a breakout from this range could happen soon.
Looking ahead, the short-term target for the Dogecoin token is set at $0.29271. If the uptrend continues, the analyst expects a rally to a mid-term target of $0.42653 and a long-term target is $0.52664. In the meantime, the Dogecoin price is trading below the $0.4 level.
CoinMarketCap data indicates the cryptocurrency is battling with bears. Its price has dropped by 18.3% in the weekly timeframe. Technical analysis reveals the memecoin is under mixed sentiment. While the VWMA (10) indicator flashes a sell signal, the Hull Moving Average (9) flashes a buy signal.
Ethereum (ETH) Sees Large Whale Interest Amid Downtrend
Over the past week, Ethereum (ETH) has been trading along the $2k-$3k range. The altcoin has been moving sideways for a long time with little price upticks. Due to this poor price movement, investors are skeptical about the Ethereum coin rising to a new peak soon.
CoinMarketCap data reveals the altcoin price is trading 42% below its current all-time high of $4,891.70. Despite the downtrend, whales have been on a buying spree. The latest accumulation comes from BlackRock. The investment giant purchased over 100,535 ETH worth $284.92 million amid the ongoing price volatility in the market.
Looking ahead, the Ethereum price might rise in the coming weeks. Crypto Caesar says the value of the altcoin could pump to $4,850 soon. Another analyst called Captain Faibik says the price of the Ethereum token could surge to $12k once the mega rally begins.
IntelMarkets (INTL) Presale Growth and AI-Driven Trading Revolution
IntelMarkets (INTL) is a new entrant that is gaining traction in the crypto trading sector. Its presale is growing at a very fast pace due to its unique features. Over the last few weeks, the INTL token has skyrocketed by 810% and is trading at $0.082455.
The project has even raised more than $8 million in funding. People are investing in the project due to the unique trading algorithm based on AI and blockchain technology. The main goal of IntelMarkets is to build a platform where anyone can access advanced trading tools.
Unlike other platforms, IntelMarkets uses Intelli-M™ bots that are capable of learning on their own and can process more than one hundred thousand parameters in real-time. These bots make trades based on market trends, technical analysis, and past performances, thus eliminating the emotions from the trading process.
It is useful for new users since they can learn how to trade at the expert level without having any experience. For those who want to make more money, IntelMarkets provides leverage up to 1000:1, which is one of the most important features of the platform that can help to increase the trader’s capital.
What is the Best Cryptocurrency To Buy?
Although enthusiasts are watching Ethereum (ETH) and Dogecoin (DOGE), the best crypto to buy now for more gains is IntelMarkets. This project has a growing user base and a successful presale. Investors who want to increase the value of their portfolios could consider IntelMarkets. Besides, the project has launched a 50% bonus for those who use the code REVAMP when buying their coins.
For more information about IntelMarkets (INTL) visit the links below:
Presale: https://intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
