According to recent on-chain data, the number of transactions on the TON blockchain has increased by 401% in the past 30 days, signaling high user activity and interest in the blockchain. In other news, Franklin Templeton wants to release a mutual fund on the Solana network.
Meanwhile, IntelMarkets is set to soar to new highs as it plans to take advantage of the projected growth of the AI sector. Analysts are bullish about the project and predict the price of its native token, INTL, could soar by 10x soon.
TON Blockchain Experience 401% Surge in Transactions
In a recent tweet, DappRadar Insights revealed the number of transactions on the TON blockchain reached 23.58 million in the past 30 days. This represents an increase of 401% during this period. That is not all.
The number of Unique Address Wallets (UAW) also skyrocketed by 121% to 3.61 million, a sign that user activity is growing on the TON network. Also, the Toncoin price has been on a rapid increase following its decline to the $4.5 region.
Price data shows the value of the altcoin has spiked by 14% in the past two weeks. Thanks to renewed momentum from buyers, the price of the Toncoin crypto crossed the 200-day SMA at $5.54. Currently, its next move is to surpass the resistance at the 50-day SMA ($5.88).
Franklin Templeton To Launch Mutual Fund on Solana (SOL)
Franklin Templeton, an investment management company with assets under management worth $15 trillion, wants to launch a mutual fund that will be native to the Solana (SOL) blockchain. The investment giant unveiled the news at the Solana Breakpoint 2024 event in Singapore.
The move from Franklin Templeton highlights the growing adoption of the Solana network, especially among institutional investors. Presently, the Solana coin is trading above the 50-Day SMA ($141.68) and 200-Day SMA ($146.19) after a long bearish period.
Bulls have woken up and are working to push the Solana price above the $150 mark. The altcoin price has increased by 15% on the biweekly chart and 13% on the weekly timeframe. Maeonchain forecast the price of the DeFi coin could pump to $180 and then $200 in the coming weeks.
IntelMarkets Taps the AI Sector To Improve Crypto Trading
According to Statista, the artificial intelligence market is expected to reach $184 billion by 2024. IntelMarkets (INTL) plans to capitalize on this growth. They will develop an AI-based smart trading platform that will have more advanced trading tools than other cryptocurrency exchanges.
It will also include the Multichannel analysis and the restricted trade features that the users can use. They may also use over a thousand technical sources to help them in their studying. IntelMarkets also features self-learning trading bots that do not repeat the same mistakes. This can lead to much more profits for the traders than it is possible to get with the help of basic trading bots.
In addition to this, IntelMarkets has an omnichannel trading system that helps to evaluate thousands of data points into understandable indicators that traders can use when making decisions about whether to sell or buy.
Notably, Intel Markets uses both a central limit order book (CLOB) and an effective matching engine for orders. The CLOB combines traders’ buying and selling offers and organizes them based on the price and time to make trades faster and more efficient.
IntelMarkets Captures Toncoin and Solana With High Growth Potential
IntelMarkets has launched a presale for its native coin, INTL. Analysts forecast the price of the cryptocurrency could increase by 10x based on the utility of the IntelMarkets platform. In conclusion, INTL is the best cryptocurrency to buy for investors looking for a token with high growth potential.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
