Venture Capitalists Pick IntelMarkets Presale For 2024 Bull Run as Investors Leave Near Protocol (NEAR) and Polygon (MATIC)

While established cryptocurrencies like Polygon (MATIC) and Near Protocol (NEAR) have seen their fortunes fluctuate, a new contender is emerging as a potential game-changer. IntelMarkets (INTL), powered by artificial intelligence, has captured the attention of investors and venture capitalists alike, raising over $200,000 in its presale.

Let’s dive into the details explore the trend behind the decline of these established players, and know the unique features and potential of IntelMarkets (INTL).

Polygon’s (MATIC) Price Slump: Is a Reversal Near?

Despite an apparent increase in on-chain transactions, MATIC’s price has not kept up with the pace. The Polygon (MATIC) saw a 24% decrease to $0.437 on August 29, its lowest level in ten days, after rising to almost $0.58 on August 25, its highest level in two months. MATIC is currently trading at $0.43 after declining 3.9% over the previous day. 

MATIC is now valued at 85%, which is less than its all-time high of $2.92, which was reached in December 2021. On August 20, cryptocurrency analyst World of Charts noted that MATIC has broken above a six-month declining trendline, indicating a bullish reversal signal. 

According to the analyst, this breakthrough would signal a shift in market attitude, and MATIC’s price might rise to $1, a 143% increase from its present level. This prediction makes more sense if we consider the upcoming scheduled migration of MATIC to POL, which may prove to be the turning point for the Polygon (MATIC) price reversal.

NEAR Protocol (NEAR): A Temporary Setback?

As of the time of writing, NEAR Protocol (NEAR), a publicly accessible Proof-of-Stake (PoS) blockchain, was downtrending across the higher timeframes and was trading at $3.89, down 3% over the previous day.

The price rebounded from $3.85 the previous week, and the token reached $5.25, but it was unable to turn the level into support in the following days.

Following the latest price decline, the daily RSI also fell below neutral 50, indicating a change in momentum. The price and the Open Interest for NEAR Protocol (NEAR) have been declining over the last few days. This suggested that the futures market was feeling gloomy.

Despite the current decline, NEAR is still up 4x over the previous 12 months, demonstrating a solid overall performance. Its developer-friendly and scalable platform keeps drawing interest. Investors should be hopeful that NEAR can maintain its momentum as the year goes on and the bull market begins to move forward.

IntelMarkets (INTL): The Next Crypto Sensation

After just a few days of launch, one of the most talked-about presales of 2024, IntelMarkets (INTL), has recently marked a significant milestone. The presale in its first round only has managed to cross the big mark of $200,000 with immense support from big whales and retail investors. 

The combination of AI and cryptocurrency trading, as well as the substantial upside potential, are driving huge demand and an influx of investors at every level. The AI-driven smart trading platform has the goal of providing traders access to never-before-seen computational power. This low-risk, high-return investment is further enhanced by its 1,000x leverage on specific assets.

The trader’s experience is made even more frictionless with unparalleled outcomes by advanced trading features and tools, including profitable bots, duplicate trading, and real-time market data. It’s a new DeFi initiative that’s worth checking out because of its anticipated mass adoption, which is expected to transform the $36 billion worldwide cryptocurrency trading sector.

It is priced at $0.009 during the ICO’s initial round. It is expected to outperform popular currencies like Polygon (MATIC) and Near Protocol (NEAR) in terms of gains, with an estimated 45x upsurge upon listing on major exchanges. Venture capitalists, for these reasons, only pick up IntelMarkets (INTL) for 2024 bull run profits over these established giants.

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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.