As a promising bull run looms, Cardano’s potential for 10x gains by Q1 2025 appears less likely, while IntelMarkets and Solana draw significant interest.
Many investors are speculating whether Cardano (ADA) can achieve substantial gains by early 2025. However, analysts suggest that such a dramatic increase may not be feasible for ADA at this time. Instead, attention is turning towards IntelMarkets, a newcomer in the crypto sphere, which may emerge as a major player capable of offering high returns on investment. Meanwhile, Solana (SOL) is approaching a significant token unlock event that could impact market performance in the upcoming weeks.
Solana Faces $524K Token Unlock: Price Drop Anticipated?
Solana, a leading altcoin, is poised to unlock 524,030 SOL tokens, valued at approximately $78.57 million, within the next week. This unlock will represent 0.11% of Solana’s circulating supply, according to reports. The expected timeframe for the unlock is between October 8th and October 14th. Current market sentiment remains bearish for Solana, potentially leading to further price declines as this unlock approaches.
Recent data indicates that Solana’s price has dipped below the 200-SMA, currently at $146.73, reflecting the larger trends in the cryptocurrency market. Over the past month, Solana has been trading within a range of $120 to $160. Looking ahead, analysts believe the token could make a rebound as the anticipated launch of Solana ETFs and a potential market bull run could propel it to new heights, potentially reaching the March 2024 high of $209.
Cardano: 10x Stronger than Previous Cycle, Analyst Claims
A recent analysis highlights that Cardano is currently remembered as being 10 times stronger than it was in the last market cycle. Analysts attribute this growth to several factors, including the Chang Hard Fork which has fostered community ownership and decentralization. Despite recent market downturns, Cardano ADA has remained amongst the top ten altcoins, showcasing its resilience.
Currently, Cardano is trending near the 50-SMA at $0.3583, and while analysts express skepticism about its potential for a 10x return by next year due to its market cap and current sentiment, projections indicate that Cardano’s price could increase to approximately $0.62433.
IntelMarkets Positioned for 10x Growth
IntelMarkets (INTL) is garnering attention as one of the best cryptocurrencies to invest in right now. This emerging project aims to revolutionize the $36.5 billion crypto trading landscape by integrating blockchain, Decentralized Finance (DeFi), and Artificial Intelligence in its traditional trading platforms.
The team behind IntelMarkets comprises seasoned professionals from prestigious institutions, poised to provide cutting-edge trading tools to retail investors. The platform features AI-driven trading bots that enhance performance by learning from past trades. Additionally, it offers proprietary charting software and advanced technologies, including a dual-chain structure and up to 1000x leverage for traders.
Currently in the third phase of its presale, the INTL token is priced at $0.027364, with forecasts suggesting it could increase tenfold to $0.2 by the first quarter of 2025. Compared to Cardano, IntelMarkets has a lower market cap and greater adoption potential due to its innovative utility.
Top Cryptocurrency for 10x Returns
IntelMarkets stands out as the top cryptocurrency for investors seeking substantial returns, outpacing Cardano in potential. Investors are encouraged to participate in the presale before prices rise.
