Despite trading below the $150 mark, Solana (SOL) continues to experience increased network growth. Recent data shows its daily active addresses crossed the 5 million mark for the first time in history.
In other news, the volume of large whale transactions for Dogecoin crypto increased by 83%. Meanwhile, whales are showing high interest in the new presale coin, IntelMarkets. They have joined retail investors in raising over $250k in funding.
Solana (SOL) Hits Highest Number of Daily Active Addresses
According to Artemis, the Solana network has hit the highest daily active addresses ever in blockchain history. Artemis said the network crossed the 5 million mark for the first time on September 10. This was after it hovered above the 2.5 million mark the same day.
Solana (SOL) achieved its active address mark despite the decline in memecoin activity. Besides, the fees generated by Pump.fun has been dropping since it reached its highest point in late July. Also, the Solana price has been on a steep decline. T
The cryptocurrency is currently trading below the 200-day SMA ($146.78) while its market cap consolidates between $55 billion and $75 billion on the monthly timeframe. In terms of future price, iqbalkhan777 forecasts the Solana coin could reach the $160 mark in the coming weeks.
Dogecoin (DOGE) Volume of Large Transactions Skyrockets
Dogecoin (DOGE), the largest memecoin by market cap, has set another record today. Data from IntoTheBlock showed the volume of large transactions pumped to about $812 million on September 11.
This figure is 83% higher than the day before and 113% higher than the day before that. If we look further, we realize that 8.1 billion DOGE was involved. Despite this high whale activity, Dogecoin (DOGE) is still trading below the 50-day SMA ($0.107728).
Data from CoinMarketCap shows Dogecoin price is consolidating between a monthly low of $0.09 and a high of $0.115. Its market cap is around the $13-$17 billion range. Analysts forecast the value of the Dogecoin token could increase in the coming weeks if positive sentiment returns to the market.
Why Are Whales Interested In IntelMarket (INTL)
While Dogecoin (DOGE) and Solana (SOL) are battling with bears, whales are stocking up on IntelMarkets (INTL) for gains. The project has raised over $250k to transform the perpetual futures market that sees over $100 billion in daily trade volumes.
The reason for this high interest is not farfetched. IntelMarkets is building an AI-powered crypto trading platform that will house a myriad of trading tools and new features traders can use to make more profit. With advanced tools and resources to improve trading strategies, traders can grow their crypto portfolio.
IntelMarkets also allows them to copy trades from expert traders who have achieved returns of 5x-15x, especially during bear markets. Thus, new traders can start making a profit from the early stage. In addition, IntelMarkets has a self-learning AI trading bot that traders can use to monitor price movements, teach them to follow certain strategies, and set price targets.
Also, trades on IntelMarkets are executed at lightning speed due to its dual-chain infrastructure that leverages Solana and Ethereum. IntelMarkets supports platforms like TradingView, MetaTrader 4/5, WebTrader, and CTrader.
Can IntelMarkets Give More Profit Than Dogecoin (DOGE) and Solana (SOL)?
Analysts are optimistic about this new presale coin, IntelMarkets. Although IntelMarkets is new, it has captured the interest of retail and large investors.
Analysts forecast the price of IntelMarkets could soar by 1,100% from its current price of $0.009 to hit $0.1 before the year ends. This potential gain makes it the best coin to invest in over Solana (SOL) and Dogecoin (DOGE).
Discover More About Intel Markets:
- Presale: https://intelmarketspresale.com/
- Telegram: https://t.me/IntelMarketsOfficial
- Twitter: https://x.com/intel_markets
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
