A pseudonymous X user predicts an epic bull run is in the cards for Shiba Inu (SHIB) after the chart shows the meme coin in a pre-rally state. At the same time, Sui (SUI) and IntelMarkets (INTL) gained the favor of investors, leading to a rise in SUI and INTL accumulation.
This article digs into the reason behind SHIB’s impending rally and SUI and INTL’s increasing purchases!
Pundit Speculates Shiba Inu May Be Set to Erase Two Zeros
Shiba Inu has been displaying encouraging performance since the Fed decided to reduce interest rates by 50 basis points on September 19, 2024.
Notably, the second-largest meme coin engineered an uptrend after the Fed’s announcement, reaching a three-week high on the day. This price action has drawn the attention of experts, with some positing that Shiba Inu’s latest upshift was just the tip of the iceberg in the impending bull run.
Pseudonymous widely followed X user Pepa was one of the analysts who forecasted a bull run for Shiba Inu in an X post on September 17. Pepa posed a rhetorical question to his followers, asking if the second-largest meme was about to obliterate two zeros.
He shared an accompanying chart of SHIB’s market capitalization in tandem with the question, showing Shiba Inu on the brink of an upside exit of a triangle pattern.
Based on the speculated shift, Shiba Inu will have to soar 10,000% from its current price and achieve a market capitalization of $800 billion to delete two zeros. At present, Bitcoin is the only cryptocurrency that has surpassed the $800 billion market valuation, presenting this thesis as far-reaching. Amid this prediction, SHIB has registered a 4.81% increase in the last seven days to $0.0000144.
SUI Rallies 30% as TVL Hits a Record High
Sui Network has achieved a landmark feat as its total value locked (TVL) clocks a record high. Notably, Sui’s TVL rose to $810.5 million, marking a 283% increase from $211 million seen earlier this year. Following the TVL surge, the asset also registered a 30% increase in its market value, surpassing the $1.50 region.
The rise in Sui’s TVL has been characterized by its growing decentralized finance (DeFi) ecosystem. This is reflected in the growth of three of its leading DeFi protocols, which include NAVI, Scallop Lend, and Suilend. NAVI rose 16.5% to $310 million, trailed by Scallop Lend, which rallied 19.5% to $140.5 million, and Suilend, with a 14.5% jump to $134 million.
SUI’s bull run followed the launch of the Grayscale Sui Trust and the integration of USDC into the Sui network. These advancements show that Sui is swiftly becoming a leader in DeFi, sparking a bull run for SUI. At present, SUI is trading at $1.58, up 45.39% over the week.
IntelMarkets Primed For Bull Run as Accumulation Spree Intensifies
Market players are increasingly buying IntelMarkets’ native token INTL, having recognized its profit potential. The token has exhibited signs of parabolic growth, starting from its ongoing presale, which is now in Stage 2. However, the actual appeal to IntelMarkets is in its contribution to the crypto ecosystem.
IntelMarkets, built on the dual-chain architecture of Ethereum and Solana, is a marketplace for trading digital asset pairs based on speculation with advanced leverage options. In other words, it is a perpetual contracts exchange that allows traders to bet on the future prices of any cryptocurrency pair with up to 1,000X leverage to maximize returns.
The exchange grants traders access to institutional-level strategies and resources, such as copy trading, self-learning robots, restricted trades, and Intel-M multichannel analyses. Also, IntelMarkets offers favorable borrowing terms to investors in need of liquidity to capitalize on opportunities.
Investors have acquired more than 9.4 million INTL tokens valued at $453,739 in its current presale stage. The rise in INTL’s accumulation has resulted in the ERC-20 token gearing up for a surge. From its Stage 2 price of $0.018, INTL will soar 511% to $0.11 to wrap its presale.
Bull Run For INTL, SHIB, and SUI!
As the crypto sector revs up for another phase of the bull run, INTL, SHIB, and SUI have entered the radar of investors as potentially rewarding investment vehicles.
Given the level of confidence investors have in these projects and the boosted accumulation spree, you might also want to check them out. However, it is imperative for investors to DYOR before making an investment decision!
