In a surprising turn of events, the Republican front-runner for president, Donald Trump, took to his X to make some announcements which included a claim to make the US the “crypto capital of the planet”.
The crypto community reacted crazily to this, as this post injected a fresh wave of optimism into the ongoing dull crypto market. The two titans of the crypto world, Bitcoin (BTC) and Ethereum (ETH) also found themselves to undergo a possible bullish reversal.
Amidst the ongoing frenzy, an AI-powered crypto star, IntelMarkets (INTL) has been under the spotlight for quite a long time, especially with its presale recently picking momentum and raising over $180k. Let’s dive into the details!
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Trump Announces Plan to Make US “Crypto Capital of the Planet”
On Thursday, Trump took to X to announce that he will soon reveal a “plan” to establish the United States as the “crypto capital of the planet.” Taking aim at the current banking system, he remarked, “They want to choke you out of business.”
The Republican front-runner for president promised to overturn the regulations limiting cryptocurrency firms if elected in November.
Donald J. Trump on X: “.@worldlibertyfi https://t.co/mwhVIzPJyq” / X
In his video tweet, Trump also tagged @worldlibertyfi, the official X account for World Liberty Financial, Donald Trump Jr., and Eric Trump’s DeFi initiative, which was revealed earlier this month. They have yet to give the public further information about what the platform would truly accomplish or offer.
This tweet from Donald Trump and his open support to the crypto firms ignited a new spark in the crypto world with many projects seeing a trend reversal flashing green charts, including the crypto world’s two largest coins Bitcoin (BTC), and Ethereum (ETH).
Bitcoin (BTC) Price Reversal Imminent: Analyst Prediction
Bitcoin (BTC) is projected to get out of its price consolidation phase after entering a massive bullish zone on its price chart. Furthermore, expert indicates that the biggest cryptocurrency on the market is probably about to reach a new all-time high (ATH).
The megaphone structure is an important indication for analyzing asset market behavior. On a price chart, it is sometimes referred to as an inverted symmetrical triangle and is formed when diverging lines emerge during a period of elevated volatility. This pattern often suggests that traders are becoming more uncertain, but it also suggests a potential trend reversal.
The Bitcoin (BTC) price has been moving sideways in recent months. Recently, it was rejected at a price of $63,000. The megaphone structure, on the other hand, suggests that a reversal is about to occur, and Bitcoin may break out of its consolidation phase to start a price surge.
In the meantime, the price of Bitcoin (BTC) is presently $59,239. Although there has been a slight decline of 2% over the past day, the consolidation phase is still in place for the time being. Nonetheless, the megaphone pattern’s appearance has given traders hope for a significant trend reversal from Bitcoin.
Ethereum ETF Sees $5.8 Million Inflow: Price Surge Ahead?
Lately, Ethereum (ETH) has been declining on the price charts. According to CoinMarketCap, the price of Ethereum has dropped by around 25% in the last 30 days. Analyst Crypto Tony is still optimistic, though. According to his X post, ETH has to switch the $2,850 level into support before experiencing a pump.
Meanwhile, according to Wu Blockchain, the Ethereum ETF had a $5.8 million influx on August 28. Considering that there had been nine days prior with net outflows, this is quite a huge accomplishment.
Additionally, in the past day, there were 390,291 active addresses and 64,793 new addresses, indicating ongoing user engagement and network growth.
Thus, the Ethereum network continues to draw interest, which may help to sustain the coin’s valuation in the upcoming months. According to the analyst’s Ethereum (ETH) price projection, ETH will be priced at $2,950 by the end of September 2024.
IntelMarkets (INTL) Takes Off: Record Signups and Presale Success
While Bitcoin (BTC) and Ethereum (ETH) are bracing for a market correction, a new trading platform is quietly laying the groundwork for the next technology revolution.
IntelMarkets (INTL) is a cutting-edge trading platform that aims to change the worldwide cryptocurrency trading sector. The project’s team, which includes experts from Fortune 500 firms including Google, Goldman Sachs, and Renaissance Technologies, is focussing on giving retail traders access to enterprise-level trading tools.
Experts have praised IntelMarkets (INTL) for features like the multichain analysis, which collects information from more than 2,500 streams and applies machine learning to dynamically process more than 100,000 data points and finally generate trading signals that are almost 100% accurate. Furthermore, the platform also provides trading robots that actively learn from your trading errors and keep evolving to master trading skills.
Consequently, IntelMarkets (INTL) is turning out to be a huge success. The platform has exceeded 1,400 Signups in a record amount of time and has generated $180,000 in its current presale in only a few days. The $0.009 pricing in level 1 might result in a 10x ROI if the platform successfully lists its token on top CEX in the coming months.
Discover More About Intel Markets:
- Presale: https://intelmarketspresale.com/
- Buy Presale: https://buy.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.