Analysts believe that 3 altcoins will follow ETH to the top of the mountain. Cardano BONK IntelMarkets are the three altcoins that will follow ETH up the mountain.
Altcoins have already started to move upwards and show the potential for significant price increases. In this article we examine the price movements of some tokens in greater detail.
Ethereum Price Breaks Resistance and Aims for $5000 Target
Ethereum is consolidating amid increased whale activity. LlamaFeed data shows that whales have sold more than $300,000,000 worth of Ethereum in the past 24 hour, indicating a likely selling pressure. ETH, despite recent volatility in the market, remains one of most popular cryptocurrencies within the blockchain industry. ETH’s base is now above $3,000 and the first support at $3,050.
Ethereum has now cleared the $3.120 and $3.150 resistance levels and is steadily moving upwards. Its sights are set on a new surge over $3.220. The main resistance will form near $3.250. Analysts estimate that if the Ethereum price surpasses these resistance levels by November, it will surge to $5,000 before year’s end.
Cardano (ADA), Set for Surge to $1
Cardano’s (ADA) bullish trend is similar to that of Ethereum, which is heading towards $5,000. Cardano (ADA), which has risen almost 170% since its lowest point this year, is now at a record high.
This increase in Cardano’s (ADA’s) price is primarily due to recent crypto market rallies where Bitcoin has reached $92,000, and the market value has reached $3 trillion. Analysts speculate that Cardano’s (ADA) price may be preparing for a big uptick when ETH reaches its target of $5,000.
BONK Hits New ATH
BONK has surged by over 60% in the last week, and reached a new high on November 17, 2024. BONK has now dethroned Dogwifhat from the top spot in Solana for meme coins, despite WIF’s recent Coinbase listing. Dami-Defi predicts BONK to reach $0.00014 as its price target.
He believes that BONK is likely to rally more than 237.02% before the end of the year, influenced by a possible increase in ETH prices. BONK is approaching the overbought region, as indicated at 86 by the RSI. It will enter a consolidation phase shortly.
IntelMarkets predicts a significant increase in the price of Intel.
IntelMarkets is a crypto trading platform that integrates AI natively. It is built on the Ethereum blockchain and Rodeum—the first blockchain layered AI. Rodeum’s development ecosystem is supported by grants totaling over $500,000.
IntelMarkets’ commitment to offering users enterprise-grade trading software that provides unparalleled risk management, profit opportunities and trade execution is a strong feature. Users can access insights from more than 10,000 data sources.
However, the best part of IntelMarkets is the ongoing crypto presale of INTL, the platform’s native ERC-20 token, which experts predict could bring gains of up to 5000% for investors as it rallies alongside ETH. Investors can participate in the current stage 5 of the presale for just $0.04 each.
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