IntelMarkets (INTL) could skyrocket by a whopping 43,000% in under 60 days following the upcoming layer-2 Starknet release for ETH holders. While the fluctuating Ethereum price is scaring off investors, IntelMarkets is stealing the spotlight with its mind-blowing presale success. This next-generation platform is on its way to enter the next presale stage with $11M raised.
As of February 28, Ethereum (ETH) is facing an alarming price performance in the network after its current value reached the key support level at the $2,345 mark. Ranked as the second-largest crypto by market capitalization, the Ethereum price movements are closely observed by investors, analysts, and traders looking to recover their losses in ETH tokens.
Even a minor break below this threshold could change the financial outlook for millions of ETH holders, with many at risk of seeing their holdings turn in loss. The Ethereum price has recently experienced a major dip and is currently testing critical support at $2,345. A drop below this mark could have severe consequences for those ETH holders.
Based on the on-chain data, over 2 million ETH addresses, collectively holding nearly 59M ETH, are currently in profit. However, if the Ethereum price falls below $2,345, this number could shrink rapidly, pushing many investors toward potential losses. This vital support level has become a focal point for both bulls and bears.
In recent price charts, the Ethereum price has shown minor recovery after recently bouncing off a low of $2,300. According to analysts, ETH is still stuck below important moving averages, which suggests a bearish short-term trend. The 50-day moving average is at $2,678, and the 200-day moving average is even higher at $3,271.
These figures indicate that, in the short run, the market sentiment is leaning toward the downside. Despite the bearish signals, there are also some signs of potential recovery. Currently, ETH is facing immediate resistance around the $2,400 mark, with stronger resistance waiting at $2,500.
If the Ethereum price can manage to break through these levels, it could signal the start of a bullish reversal and target higher price levels in the upcoming sessions. However, this outcome mainly depends on investor sentiment and the overall market environment. If the Ethereum price manages to hold the $2,345 support level and pushes above, it could show recovery.
As a native AI blockchain project, IntelMarkets (INTL) is speculated to surge past major crypto giants following the Starknet release in the Ethereum network. This upgrade would enhance scalability, processing speeds, and overall user trading experience in the network. Thus, the sudden rise in the demand for AI-driven projects could go as high as 43,000% in 2 months.
While analysts only work off of statistical data and chart illustrations, the growing investor confidence for IntelMarkets highlights the overall buying pressure in the market. This project is experiencing a jaw-dropping rise in its ongoing presale rally, with over $11 million already raised while priced at just $0.09 per token and over 40 million INTL tokens sold.
Given the current market performance, this next-generation platform could flip the narrative with its fast-selling presale and the Starknet release (the cherry on top). IntelMarkets’ strong platform fundamentals make it an ideal platform for traders to automate their trading strategies and experience the freedom of choosing between Solana and Ethereum based on their preferences.
As the crypto giant Ethereum eyes a potential recovery following the Starknet release, the IntelMarkets’ growing adoption among investors is driving a huge bullish rally for its ongoing presale. If you’re new to trading, make sure to check out IntelMarkets’ presale to join now and claim a whopping 75% bonus with promo code ‘SELLOUT.’
Discover More About IntelMarkets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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