IntelMarkets (INTL), an emerging decentralized finance project, is expected to remodel the DeFi landscape with its revolutionary features. This opinion comes as Stellar (XLM) and Bonk (BONK) enter the limelight following their recent performances. As such, eyes are on INTL, XLM, and BONK as the market turns green again.
Here, we will explain why IntelMarkets could soon redefine the DeFi landscape!
IntelMarkets is Set to Transform DeFi With Advanced Features
IntelMarkets is a unique perpetual contracts exchange with several exciting technical tools capable of helping DeFi enthusiasts and crypto traders. These technologies were designed to simplify trading and increase users’ chances of success in the volatile crypto market.
For instance, IntelMarkets offers over 10,000 cryptocurrencies, leaving it to users like you to track multiple assets and determine the best one to buy. However, with the platform’s Intell-M analytic tool and automated robots, you can let the system track down the most lucrative coins anytime and do not need to do it yourself.
The Intell-M channel technical analysis tool will help gather insights from over 10,000 data platforms during trade planning. These insights can be used to single out the most lucrative of these coins.
INTL’s automated robots will introduce automation to the platform, allowing users to trade without active involvement in the market. These self-learning robots, trained using more than 350,000 data points, will herald trading and profit-taking activities.
IntelMarkets’ vast asset offering will allow traders to diversify and boost profits. Moreover, with up to 1,000x leverage available to traders, users can multiply their potential gains by multiple folds. This could transform the way things are done in the DeFi sector.
Stellar Price Rises 35% On Golden Cross Signal
XLM, the native token of Stellar, rose 35% in 24 hours on the back of a golden cross signal. A golden cross is formed when the 50-day MA crosses over the 200-day MA. This pattern often signals the beginning of a bullish trend.
In XLM’s case, the golden cross appeared after the Stellar coin broke past critical resistance levels, creating a new multi-year high at $0.243. This price was last discovered in March 2022.
According to market data, XLM’s price formed the last golden cross pattern in March 2024, but a death cross replaced it as investors began booking profits. The new golden cross indicates a shift in trajectory for XLM after a protracted period of consolidation.
With XLM benefiting from the current bullish market, the Stellar coin could reach even more significant heights by the end of the year. XLM trades at $0.23, following a 102% weekly price gain.
BONK Rallies 30% as BONK DAO Announces Plan to Burn 1 Trillion Tokens By Christmas
BONK, a meme coin created on Solana, rocketed 30% in one day after BONK DAO, a community-driven association, announced that it would burn 1 trillion units of the token until Christmas. The organization christened this endeavor the “BURNmas.”
BONK DAO noted that this will be the largest burn event Solana has ever witnessed. It will kick off on November 15, 2024, and last until December 25, when the last batch of tokens will be burned immediately after the clock strikes 12:01 a.m.
To make the event inclusive, 1,000 BONK will be burned for every post hashtagged #LetsBONK on X. Another 10,000 BONK will be burned for every new user subscribing to the token’s official accounts on Instagram, TikTok, and YouTube.
With a $3.80 billion market valuation, BONK has solidified itself as a significant project on the Solana chain. In a week, the token rose 100% to $0.00005073.
INTL Enters the Spotlight With XLM and BONK
As XLM and BONK take the spotlight with their performances, INTL joins the club and makes an entrance with its presale. A few days ago, INTL entered Stage 6 of its presale, followed by a price surge to $0.054.
At this value, INTL is considered undervalued by experts who predict that the DeFi coin will be a record-breaker upon its exchange debut. Considering its growing adoption rate, they anticipate a 10,000% increase in INTL’s price after launch.
With INTL set for such an explosive price surge, it is regarded as one of the best investment alternatives in this bull season. To learn more about IntelMarkets and its native token, click the links below!