According to recent market updates, Sonic’s Chainlink Cross-chain Interoperability Protocol (CCIP) integration has sparked a modest increase in the value of Chainlink (LINK) alongside Litecoin (LTC), whose rally was triggered by institutional investors increasing their LTC bag.
Meanwhile, a new dual-chain crypto perpetual exchange market coin, Intel Markets (INTL), may surpass these established players with a projected 100x price surge. Let’s find out why INTL’s prospects appear better than LINK and LTC!
Chainlink Stalls Despite Increased Adoption
On September 4, 2024, Chainlink’s LINK shot up the charts to $10 as market players reacted to a recent development within the Chainlink ecosystem.
Notably, Sonic Labs, a decentralized application incubator, incorporated Chainlink’s CCIP on September 3. The firm noted in a subsequent announcement that the decision to adopt the CCIP was geared towards creating a seamless interaction between Chainlink and the Fantom blockchain.
Market players had expected a more significant uptick in LINK’s value following the event, but their expectations were cut short. LINK recorded a slight increase in value the next day, but the days after saw the coin crash. Indicators suggest the bearish trend is affiliated with latent bearish sentiments among investors and the current deteriorating market condition.
The Relative Strength Index (RSI) indicator, a momentum tracker, has dropped to 40.22, slowly gliding deeper into the oversold region. LINK is down 9.80% from $11.02 to $9.94 in the last seven days. Analyses are pointing at more declines in the coming days, causing investors to seek out better investment alternatives.
Litecoin Ready to Rally as Grayscale Purchases 10,000 LTC Coins
A well-known voice in the crypto community, Bamboo, has shared fresh data from CoinGlass, reflecting a recent purchase of 10,000 LTC by asset manager Grayscale. Bamboo spotlighted this acquisition in a tweet on September 4, 2024.
The crypto commentator noted that LTC is being accumulated, and Grayscale appears to be leading the charge with its latest massive purchase.
CoinGlass data further revealed that the asset management firm now has 1.86 million LTC valued at $122 million in its portfolio. In light of this move, Bamboo encouraged his followers and the larger crypto community to begin keeping an eye on Litecoin before LTC skyrockets and max pain kicks in. He believes that the acclaimed silver to Bitcoin’s gold may instigate the anticipated altcoins season as it had done historically.
Other experts like 28 Crypto and Joao Devesa have also commented on Litecoin’s tendency for growth in the near term. Meanwhile, LTC has gained 2.65% in the last five days, rising from $63.57 to $65.26.
As the crypto market witnesses volatility, the focus has turned to an emerging contender, ready to outperform LINK and LTC.
INTL is Set For a 100x Surge: The Next Big Thing In Crypto?
IntelMarkets is creating excitement as a new contender in the perpetual futures contract domain.
With its advanced trading tools, it aims to offer unmatched access to perpetual futures contracts with up to 1,000x leverage options. This move allows traders to increase their exposure to digital assets and boost returns.
The platform offers an extensive array of trading pairs suitable to every trader’s preferences and strategies as it recognizes the importance of diversity and flexibility in trading. Its lightning-fast execution, comprehensive trading tools, and diversity showcase its commitment to providing traders with an enhanced trading experience.
It’s interesting to note that by leveraging top-tier blockchains like Ethereum and Solana, Intel Markets users will enjoy flexibility and scalability like never before.
Intel Market’s native token INTL is in Stage 1 of its public presale, trading at $0.009. Investors have a rare opportunity to realize up to 11x returns on investment when INTL hits its listing price of $0.11 in the coming weeks. The gains could also surge as high as 10,000% once INTL begins trading on DEXs and CEXs, according to experts, making it one of the best altcoins to buy today.
Is INTL Better Than LINK And LTC? Experts Say So!
LINK and LTC are large-cap altcoins, and, as such, it will require a massive amount of capital inflow to realize significant returns after adding them to your portfolio. INTL, on the other hand, is a new coin with a smaller market cap and a much higher potential for incredible growth. Hence, crypto market experts believe investors stand a better chance of raking in a 100x return from INTL than they do from LINK and LTC in the long run. Grab your INTL coins today before they climb higher on the price charts!
Discover More About Intel Markets:
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Source: https://coinpedia.org/press-release/intel-markets-eyes-intl-explosive-100x-surge/