7,100% Gains? INTL Rallies As BNB And DOGE Prices Fall 

Discover how INTL surges with a staggering 7,100% gain while BNB and Dogecoin prices decline. Explore market trends and the implications for investors.

Over the past week, the broader cryptocurrency market has experienced a noticeable downtrend, with many altcoins suffering significant double-digit declines. Binance Coin (BNB) and Dogecoin (DOGE) are among the tokens that have seen major price drops.

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While Binance Coin and DOGE struggled, AI crypto INTL has captured attention with its bullish trajectory, experiencing a rapid increase in investor interest during its ongoing presale. Read on to discover the driving forces behind this rally!

Binance Coin Poised To Rally Following 30TH Quarterly BNB Burn Event

Last week, Binance Coin experienced a sharp decline amidst a broader market bull run. The BNB price dropped over 16%, while its market cap fell by 0.53%. Nevertheless, Binance coin employs a token burn strategy that focuses on improving the token’s value.

The BNB network recently announced its 30th quarterly burn event. This resulted in the permanent removal of 1,634,200.95 BNB, the total circulating supply and reinforcing Binance’s long-term deflationary strategy. 

This significant $1.16 billion reduction includes 110,000 BNB lost during the recent BNB Chain Fusion, further solidifying the asset’s limited supply mechanism. As demand for BNB increases, experts predict a 25% rise in the value of Binance Coin, potentially reaching $729.74 by the end of the month.

Dogecoin (DOGE) Nears Crucial Turning Point. Rebound Or Further Declines? 

Dogecoin is currently at the 200 EMA, a historically significant zone for trend reversals, having reached a critical support level following a protracted decline. This level has a lot of critical areas where a rebound or additional downturn may occur.

Historically, Dogecoin has used this level as a crucial turning point. DOGE might take the recovery route, where the downtrend may come to an end, and a relief rally may be triggered if Dogecoin is able to maintain its position above this level, which is currently at $0.26.

If this level is successfully defended, buyers will be intervening to stop additional losses. The next resistance zone of Dogecoin will be at $0.34. DOGE’s recovery toward $0.30 to $0.32 is feasible, but a return to the $0.36-$0.38 range might occur if momentum picks up speed. For this to be confirmed, DOGE must exhibit higher volume and buying strength.

Investors Join IntelMarkets’ (INTL) Presale, Using It As A Safe Haven For Their Funds

While Binance Coin and DOGE continue to grapple with their bearish trends, Intel Markets (INTL) has emerged as a shining star in the crypto market. Despite the broader downtrend, INTL has defied expectations, garnering attention from both new investors and seasoned critics for its impressive resilience and upward momentum.

IntelMarkets is set to revolutionize how traders interact with digital assets, boasting innovative features such as the Intell-M technical analysis that aggregates over 100,000 data points from enterprise trading channels to give retail users unparalleled insights. Users can also deploy self-learning trading robots that learn from ledgers and enhance trading performance. 

Moreover, users can leverage a variety of advanced AI trading tools on the exchange according to their trading experience. Novice and retail investors can benefit from IntelMarkets’ copy trading program, while experienced traders can take advantage of the portfolio management tools embedded in the next-generation Quantum X wallet.

IntelMarkets’ unique value proposition has propelled it to the forefront of the market, with investors turning to INTL as a secure haven for their funds amidst the market downturn. Currently priced at $0.082 per token in its presale stage 9, INTL has successfully raised over $9.1 million. Analysts are now predicting an earlier official token launch date, with potential gains for investors estimated to reach up to 7,100%. Don’t miss out!

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This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Kostadin Dimitrov