Capital Rotation is Happening As Traders Cash Out NEAR Profits to Invest in SHIB and a Low-Cost Altcoin Under $1

Positive momentum has returned to the crypto market over the past week. NEAR Protocol investors believe the long-awaited bull run is on the way and are buying ERC20 tokens like Shiba Inu (SHIB) and IntelMarkets.

IntelMarkets is a low-priced coin that is currently trading below the $1 mark. Analysts have tagged it the dark horse of the market and expect a potential rally to $1 even before Shiba Inu (SHIB).

NEAR Protocol (NEAR) Price Skyrockets

NEAR Protocol (NEAR) is among the best altcoins in the market right now. It has shown an outstanding performance mirroring the positive momentum in the crypto market. The AI token has also benefited from recent partnerships between Alibaba and Nvidia.

Data from CoinMarketCap shows the value of the NEAR Protocol coin has increased by 9% on the weekly chart. It is also up 28% on the monthly chart. Going forward, the technical indicators of NEAR Protocol crypto are very bullish.

TradingView data shows its 14-day RSI has soared and crossed the 70 mark into the overbought region. This could mean a small price correction is on the way. Nevertheless, analysts forecast NEAR Protocol price could surge to $7.27 in the coming months. This potential profit makes it one of the top altcoins to watch.

Shiba Inu (SHIB) Price Increases As Large Whale Activity Rises

Based on the potential price correction NEAR Protocol might suffer, investors are diversifying to Shiba Inu (SHIB). The memecoin is currently leading other meme currencies in a price rally and could climb higher in the coming days if this bullish momentum is maintained.

The Shiba Inu price has rallied past the 50-SMA ($0.00001406) and 200-SMA ($0.00001849). It has crossed the $0.0000200 mark for the first time in weeks, signaling high bullish momentum from bulls. According to IntoTheBlock data, large holder inflows of Shiba Inu (SHIB) have increased by 924.75% this week.

The amount held by large holders has increased from 603.55 billion SHIB on September 25 to 3.79 trillion SHIB on September 26. The Large Holders’ Inflows suggest that there is a lot of buying pressure in the market. If this uptrend continues, the value of Shiba Inu crypto could soar to $0.00003094.

Investors Rush Into IntelMarkets (INTL) Over Unique Features

IntelMarkets (INTL) is climbing to the top of the crypto market with remarkable results. In stage 2 of the presale, IntelMarkets’ price rose from $0.009 to $0.018, a 100% rise. Also, the presale of the project has realized more than $730k in funding and is expected to rise to $1 million in early October.

IntelMarkets has been able to develop advanced tools for retail traders. Its new trading platform allows ordinary traders to use special tools that Wall Street brokers use. Some of these tools are Intelli-M trading systems and Autopilot Trading Robots among others.

IntelMarkets will also have advanced features such as leverage of up to 1000:1, customized indicators, and copy trading for both beginners and professional traders. The bots can also be programmed to follow specific trading strategies; the bots are also self-learning.

Due to these features, many industry analysts believe that IntelMarkets could become a top leader both in the $36.5 billion cryptocurrency trading market and the $101.9 billion daily volume perpetual futures trading market.

Near Protocol Investors Take An Interest in Shiba Inu (SHIB) and IntelMarkets

NEAR Protocol (NEAR) investors have taken advantage of the bullish market to diversify their holdings into other altcoins with the potential for massive gains. They have invested in Shiba Inu (SHIB) and IntelMarkets. Analysts forecast the price of IntelMarkets to surge by 11x in the coming months to reach $1.


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Source: https://blockonomi.com/capital-rotation-is-happening-as-traders-cash-out-near-profits-to-invest-in-shib-and-a-low-cost-altcoin-under-1/