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The crypto market is a mix of reds and greens—different price actions for different altcoins. While Dogecoin (DOGE) skyrocketed, Avalanche (AVAX) underperformed, sparking concerns among holders.
Previously under the radar, IntelMarkets (INTL), a new AI crypto, has burst into the spotlight given its novel AI-powered trading platform. With adoption a matter of when and not if, it is among the new DeFi projects to watch, tipped to outperform top altcoins.
IntelMarkets (INTL): Primed to Outperform Top Cryptos
IntelMarkets (INTL) is the latest AI crypto sparking much buzz. Taking a unique approach to trading by integrating AI across all levels, it aims to reshape the idea around crypto trading, becoming the first true modern-gen trading platform.
Its AI-powered trading platform is poised to transform the $36 billion global crypto trading market. The cutting-edge Rodeum AI will identify market opportunities and take appropriate positions depending on users’ objectives. Equally important is its self-learning trading bots, which can learn from its mistakes and real-time data while analyzing huge data volume across markets in seconds.
As it sails towards adoption, its launch might be one of the most explosive. The ongoing presale presents an opportunity to become an early adopter, priced at $0.036 per token in the fourth stage. It is on track for a 45x upswing before the year’s end, set to outperform Avalanche (AVAX) and Dogecoin (DOGE) in gains.
Avalanche (AVAX): 4% Downturn in the Past 7 Days
Avalanche (AVAX) is a Layer-1 blockchain platform that houses decentralized applications (dApps) and custom blockchain networks. It plays a key role in the blockchain space and some of its competitive advantages include scalability and high transaction output.
Undoubtedly, it has solid fundamentals; however, this isn’t enough to stop its underwhelming performance. Despite the recent overall market uptick, the Avalanche price plunged over 4% on the weekly chart, trading above $25. This is part of a broader downswing: an 8% decline in the past 30 days, with the Simple Moving Average (50) at 26.80, hinting at “sell.”
This poor performance has sparked concerns and uncertainty within the Avalanche community. While some are dumping their bags amid fear of further downturns, savvy investors have been buying the dip, eyeing a breakout above $29 before its next leg up to the $41 resistance. Either way, it is one of the altcoins to watch out for.
Dogecoin (DOGE): 40% Uptick on the Monthly Chart
Dogecoin (DOGE) was one of October’s biggest highlights. While it started slowly, it exploded over 40% in the monthly timeframe. It reasserted its dominance, outperforming most top crypto coins. Eyeing further gains, the dog-themed cryptocurrency is among the best cryptos to invest in.
The Dogecoin price gained over 20% in the past 7 days, retailing above $0.17. The Simple Moving Average (200) is at 0.12726, hinting at “buy.” With November kicking off, experts anticipate more bullish price actions post-US election. According to a promising Dogecoin price prediction, it will hit $0.5 before the month’s end.
On track to flip its 2021 all-time high of $0.73, Dogecoin (DOGE) is a horse worth backing this bull season. It is expected to lead the next meme craze, placing it on the list of top cryptos to buy.
Conclusion
Dogecoin (DOGE) exploded in October, outperforming Avalanche (AVAX), while IntelMarkets (INTL) is tipped to outperform both by the year-end. This new AI crypto aims to transform the trading scene, promising early adopters significant gains.
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Source: https://coinedition.com/avalanche-avax-play-catch-up-with-dogecoin-doge-but-can-this-new-ai-altcoin-outperform-both/