As DOGE’s price soars, analysts question if exchanges are amplifying these surges to capitalize on DOGE’s meme-fueled volatility. Meanwhile, IntelMarkets (INTL), a promising AI-driven trading platform, is getting ready for substantial capital inflows. Let’s find out why!
Market Analysts Weigh In: What’s Really Behind DOGE’s 2024 Comeback?
This October, DOGE saw an incredible rise, rising more than 75% to close the month at $0.172, its highest price since May 2024. This massive growth has attracted experts and investors to take note of what is happening behind such remarkable growth.
The current rise in the Dogecoin price appears to be mainly due to Elon Musk. Musk at the Donald Trump campaign event on October 27 has recently unveiled his plan for a new Department of Government Efficiency, D.O.G.E that will help save $2 trillion of taxpayer money. Dogecoin’s ticker is mirrored by the department’s initials, DOGE, which raises questions about its potential link with the cryptocurrency.
However, recently some analysts have been heard criticizing that the exchanges are behind it, manipulating these price surges. Observing its recent abrupt gains and losses, they are claiming that it might be probable that exchange mechanisms or high-stakes traders may be triggering these intense oscillations by taking advantage of Dogecoin’s meme-based volatility.
While there’s no concrete evidence for this claim, it has not been taken that seriously. Dogecoin is now rising from a symmetrical triangular pattern that has been developing since April 2021. As of right now, the breakthrough suggests that the Dogecoin price may target $1 during the current bull cycle if it successfully crosses the major resistances ahead.
The Rise of INTL: How IntelMarkets Aims to Reshape the Crypto Market
While DOGE enjoys its highs, another coin named IntelMarkets (INTL) is making some serious buzz in the market. It has got all the market’s attention due to its innovative offering of an AI-powered trading platform. This platform is supposed to be the first enterprise-grade AI infrastructure for trade analysis and automation using a proprietary L1 blockchain. This is supported by a stellar team that includes experts from MIT, Renaissance Technologies, and OpenAI.
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Talking about its features, it is all set to bring a plethora of cutting-edge trading tools to streamline our day-to-day trading process. To give you a sneak peek of what it is bringing, some highlighted features are listed below:
- Dual-chain trading – giving flexibility to trade either on Solana or the Ethereum network
- Omnichannel analysis – a system that reviews all indicators to generate a holistic signal backed by over 100,000 data points
- Multichannel analysis – perform heavy technical calculations from multiple markets in seconds
- Autopilot trading robots – identify market opportunities and automatically take positions depending on your trading objectives
- Quantum proof security – through their route x21 development, they make sure to secure each transaction from quantum attacks
These are just a few out of hundreds of others that are yet to be revealed on the platform’s official launch.
IntelMarkets Presale Success: $1.6M Raised in Just Weeks
INTL is currently in its presale stage 4 and rapidly selling out. The presale has proved itself to be one of its kind in the ICO space. The presale was able to collect over $1.6M in funding in just a few weeks and is growing further only.
Analysts are speculating that with the ongoing bull run in the crypto market, around $200M of capital influx is expected in Intel’s ecosystem, further pushing it to the top. Currently, each INTL token is being sold for a mere $0.03, making it a perfect entry point.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
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Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
