AI-Driven Trading Platform Disrupts Crypto Status Quo, Threatens Chainlink & Shiba Inu Dominance
The Oracle platform Chainlink has signed a new partnership with Suho.io to introduce tokenized assets. Also, the Shiba Inu community has decided to store the 37.5 ETH gifted to them.
At the same time, IntelMarkets is gaining popularity in the market for offering AI trading tools to traders in the perpetual futures market. Experts are enthusiastic about this project and its prospective developments.
Contents
Chainlink (LINK) Partners With Suho.io To Launch Tokenized Assets
Suho.io, a blockchain financial technology firm, has announced its partnership with Chainlink. The collaboration will involve both firms in developing tokenized assets and in investigating the use of CBDC in the Asian digital economies. The partnership will focus on Japan, Korea and Thailand.
With the help of this partnership, Chainlink CCIP will be introduced in the Korean financial market to enhance cross-chain interoperability. Moreover, Chainlink’s Proof of Reserve will be used to verify the prepaid settlement reserves and verify financial transactions.
Despite the news, the Chainlink price continues to trade below the 50-Day SMA ($11.89) and 200-Day SMA ($15.35).
Its trading volume has been ranging between $190 million and $400 million in the past month. Experts believe the value of the Chainlink token could rise when market sentiment improves.
IntelMarkets Takes AI Technology Into The Perpetual Futures Market
The vision of IntelMarkets is to revolutionize the cryptocurrency trading market by offering a perpetual futures trading platform powered by artificial intelligence. The perpetual futures market’s daily turnover was an average of $101.9 billion in 2022.
With the use of AI technology, IntelMarkets will be in a position to take over the space within no time at all. New and experienced traders will be able to use many trading instruments and features like copy trading, 1000x leverage, customized charts, and more.
Also, IntelMarkets has an automated trading bot with AI and copy trading for the investors, enabling them to gain profits. These tools also help the traders to monitor the price changes and the charts. Experts in the market are touting IntelMarkets as the best presale out there in the market today.
Shiba Inu (SHIB) Community Decides On 37.5 ETH
The Shiba Inu (SHIB) community has voted against burning 37.5 ETH. They have decided to move the funds to a multisig wallet, which is managed by the community members.
The DAO vote offered four options: locking the funds in a multisig wallet, transferring the ETH to burn it and convert it to Shiba Inu coin, etc.
The first option to secure the funds got the highest approval, with more than 78 billion SHIB votes in support of the decision. In other news, the Shiba Inu price prediction looks bearish at the moment.
Data from CoinMarketCap shows the value of Shiba Inu crypto has dipped on weekly and monthly timeframes. Trading volume has been between $120 million and $400 million in the last month. The memecoin must cross the 50-Day SMA ($0.00001502) to start an uptrend.
Can IntelMarkets Surpass the Growth of Shiba Inu and Chainlink in 2024?
As a trading platform built to be the future of crypto trading, IntelMarkets has caught the eye of investors. Its flagship AI bot, which has high profitability rates on trades, is one of the reasons it could compete with top centralized exchanges like Binance for users.
In the first few weeks of its presale, the project has raised over $230k and is on track to hit $1 million by the end of September. Because of the anticipated adoption, analysts see its native INTL token outperforming LINK and SHIB in 2024.
Discover More About Intel Markets:
- Presale: https://intelmarketspresale.com/
- Telegram: https://t.me/IntelMarketsOfficial
- Twitter: https://x.com/intel_markets
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.