According to Santiment, there has been a massive rush for memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), which depend on the hype for growth. Investors are now turning to top DeFi projects that offer real value and stability.
The project at the top of the list is IntelMarkets (INTL), a new-generation trading platform that merges AI with DeFi. Unlike others, IntelMarkets is an innovative platform that uses automated trading bots, and real-time market data analysis, and offers users access to advanced trading tools. It is currently in the presale phase and has sold out eight stages.
Dogecoin (DOGE) About To Breakout of Falling Wedge
According to Trader Tardigrade, the DOGE price could be set for a huge rally in the next few days. The analyst noted the DOGE price is about to break out of a bullish falling wedge.
Tardigrade also pointed out that the memecoin only forms a large falling wedge before a massive DOGE price pump. The analyst says the DOGE price might rally to $0.95 after a potential breakout.
In another tweet, Trader Tardigrade says the DOGE price is breaking out of a resistance trendline. According to the expert, the relative strength index indicates the meme coin is under strong bullish momentum.
The DOGE price is down on the weekly and monthly timeframes. CoinMarketCap data shows losses of 4.8% and 22.7%, respectively. Most technical indicators, like the RSI are also bearish. Nevertheless, the Fear and Greed Index interest in an ETF could push the DOGE price up in the coming weeks.
Shiba Inu (SHIB) Continues Downtrend
Shiba Inu (SHIB) has been consolidating between $0.00001485 and $0.00001647 in the last week amid the ongoing correction. CoinMarketCap data shows the Shiba Inu price is bearish on the monthly timeframe, with losses of 26.9%. Many analysts at the beginning of the year had expected the Shiba Inu price to skyrocket to $0.00003.
Unfortunately, the Shiba Inu price remained at the $0.00002 level before succumbing to bearish pressure recently. Apart from the Shiba Inu price decline, its technical indicators are negative as well. The RSI is below the midline which supports more Shiba Inu price downtrend.
Also, the Fear and Greed Index reveals that investors’ interest has declined massively. Nevertheless, experts say the Shiba Inu price could still break out of this downtrend. Shib Spain says the Shiba Inu price might rally to $0.000038 as long as it remains above the $0.000016 support.
IntelMarkets (INTL) Bots Take Trading A Step Further
IntelMarkets (INTL) is a real trading platform with an innovative AI-based solution to take on the $347 billion crypto trading market. Unlike other platforms, IntelMarkets uses Rodeum AI technology to power bots. This makes them faster and more efficient.
Also, the bots can learn, improve, and conduct complex trades in fractions of a second by analyzing real time market data and anticipating the direction of prices’ movement with precision.
IntelMarkets’ AI bots can execute trades in the blink of an eye. The days of failing to capture opportunities or stressing over fluctuations are gone; AI takes care of all these, allowing traders to make money while gaining a lot of time for other activities.
However, IntelMarkets also has a concern about the security of the users, launching the first quantum-proof wallet, QuantumX. Presently, $INTL is valued at $0.082, a great chance for investors to enter before the price increases. With the help of AI, IntelMarkets could become the new face of crypto trading tomorrow.
Why Investors Are Leaving These Top Memecoins
Shiba Inu (SHIB) and Dogecoin (DOGE) have been losing popularity in the crypto market over the last few weeks due to their bearish price movements. Santiment data shows investors are now turning to new DeFi projects like IntelMarkets which have real value and do not depend on hype. Given IntelMarkets’ connection to the AI market and its advanced trading tools, its price could rise by 20x in 2025.
For more information about IntelMarkets (INTL) visit the links below:
Presale: https://intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Source: https://blockonomi.com/santiment-data-shows-investors-losing-interest-in-dogecoin-and-shiba-inu-new-ai-coin-with-20x-potential-catches-attention/