The crypto market has witnessed massive growth over the past few weeks. The total valuation of the cryptocurrency market crossed $3.5 trillion for the first time ever. Although the upsurge has calmed, analysts believe another rally led by altcoins could start soon.
Ali Martinez predicts the value of Shiba Inu (SHIB) could pump to $0.00049 if it mirrors Dogecoin’s price movement. Also, a new DeFi coin called IntelMarkets (INTL) has emerged with the potential to outshine Chainlink (LINK). Analysts forecast its price may increase by 1,100% in the coming months.
Ali Martinez Predicts $0.00049 Price Targets for Shiba Inu (SHIB)
Over the last 30 days, the price of Shiba Inu (SHIB) has been consolidating between $0.00001700 and $0.0000300, according to CoinMarketCap. The memecoin has shown resilience despite pressure from bears. The $0.0000225 region has become a major support region for the cryptocurrency.
In a recent tweet, Ali Charts told his followers in a recent tweet that the Shiba Inu price chart is similar to that of Dogecoin. Based on his analysis, SHIB could record a price surge to $0.00049 in the coming weeks.
According to TradingView, the technical indicators of the Shiba Inu coin are very bullish. The Hull Moving Average (9) and VWMA (10) are displaying buy signals, which means a potential uptrend could be on the way.
In the short term, the Shiba Inu crypto faces resistance at $0.00002739, $0.00002890, and $0.00003012. Crossing these levels could allow the meme coin to reach higher targets.
Chainlink (LINK) Could Soar To $38
Chainlink (LINK) is among the top DeFi coins that are seeing gains in the last week of November. The cryptocurrency has profits of 25.6% on the weekly chart and 59.9% on the monthly timeframe, based on CoinMarketCap’s data.
The Chainlink coin added $4 in the past seven days, jumping $14 to $18. Going forward, experts say LINK could set a new all-time high before the end of this year. One of them is Raj.
The analyst forecasts the Chainlink price could rally to $38.00 or break its current all-time high of $52.88. Raj posted a chart that showed the value of the Chainlink crypto rising to $22.82.
The relative strength index of LINK has crossed 70, which is a bullish sign. The VWMA (10) and Hull Moving Average (9) are showing buy signals. These technical indicators reveal that bulls are in charge of the market and increase the chances for gains.
IntelMarkets (INTL) Rakes in Approximately $2.5M In Funding
IntelMarkets (INTL) has steadily proven why it is among the best ICO projects over the last few months. IntelMarkets has already raised more than $2.47 million, with the INTL token rising by more than 500% to reach a price of $0.054909. Experts are positive about the project, expecting the token to rise to $1 soon as more people embrace it.
One advantage of IntelMarkets is the Intelli-M multi-channel analysis tool which processes over one hundred real-time channels containing technical data and producing accurate buying/selling signals. It is suitable for traders because it gives them valuable information so they can make the best decisions quickly.
For users who are interested in automation, IntelMarkets provides AI trading bots that can mirror any trading strategy or follow a user’s risk appetite. These bots can also learn from past errors and get better with each trade.
To ensure the security of the users’ assets, IntelMarkets has implemented Route X21, a quantum readjustment plan that provides protection against possible future quantum computing threats to blockchain systems. Due to its more efficient and enhanced tools and security, IntelMarkets could become the best DeFi project in the market.
In Summary
Shiba Inu (SHIB) could be one of the next memecoins to go on an explosive rally. Meanwhile, experts say IntelMarkets is a top contender for Chainlink (LINK). They say its connection to two billion dollar industries – the AI and crypto trading markets, positions it for huge gains in the future.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets