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This year has been marked by an increased involvement of institutional investors in the crypto markets. This has increased with 21.co launching Wrapped Bitcoin on the Ethereum blockchain. Also, Shiba Inu’s marketing lead has sent a warning to those spreading FUD in the crypto market.
Meanwhile, a new coin, Intel Markets, is making waves in the crypto space. Analysts forecast the price of Intel Markets’s INTL coin will increase by 10x in the coming weeks.
21.co Introduces Wrapped Bitcoin on the Ethereum Network
21.co, the parent company of the Swiss crypto ETP provider 21Shares, has launched a new instrument on the Ethereum blockchain. The new product is called Wrapped Bitcoin (21 BTC). The company made this announcement in a recent press release.
According to the report, the company explained that the latest product was developed with one of the world’s largest market makers, Flow Traders. In other news, activities on the Ethereum network have dropped in the past month.
This has affected the price of the Ethereum coin during this period. The cryptocurrency is currently trading below the 50-day SMA at $2,914.33. Also, its market cap is ranging between $260 billion and $360 billion over the last month.
Shiba Inu (SHIB) Marketing Lead Issues Warning
Taking to Twitter, Shiba Inu (SHIB) marketing specialist Lucie talked about the increased FUD and misinformation some people are spreading about the Shiba Inu ecosystem. “We aren’t buying it, and neither are real holders,” Lucie cautioned.
Interestingly, her comments come amid the negative sentiment in the general market. Data from CoinMarketCap shows the value of Shiba Inu coin has dropped in the past month. Its price is below the 50-Day SMA ($0.00001526) and 200-Day SMA ($0.00001976).
Nevertheless, Shiba Inu crypto is still among the top 15 cryptocurrencies in the market. Its market cap is oscillating between $6.5 billion and $9.5 billion on the monthly timeframe.
Intel Markets Emerges the Best Trading Platform for Crypto Enthusiasts
Intel Markets (INTL) is a new player in the emerging world of crypto trading. The new project aims to leverage a dual architecture to revolutionize the $36.5 billion crypto trading industry. This dual architecture system means it supports both Solana and Ethereum blockchains.
The advantages include high-speed transactions, low cost, high security, high throughput, and liquidity. In addition to the above, Intel Markets has enhanced trading features such as real-time market data, charting software, auto-trading robots, and many others. The tools mentioned above are helpful for people who want to invest in digital coins.
Based on the features stated below, analysts are very optimistic about Intel Markets ruling crypto trading platforms. Presently, Intel Markets is in the first stage of its presale and is priced at $0.009 and it has raised over $220k. Analysts forecast its price will increase by 10x before the end of the fourth quarter, making it a good coin to consider.
Why Are Ethereum Holders Running To Intel Markets?
Ethereum token is currently battling with bearish pressure in the crypto market. It is uncertain if it will see any gains in the coming weeks. So, investors are taking refuge with Intel Markets. Analysts predict a 10x return on investment for early birds.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Source: https://finbold.com/ethereum-holders-diversify-into-new-coin-offering-10x-returns-amid-shiba-inu-uncertainty/