The cryptocurrency market capitalization surpassed $3 trillion on Wednesday, with more money flowing into altcoins. Despite $1 billion inflows in BlackRock’s IBIT ETF, Bitcoin has stayed below $95,000.
After a week of holding steady, major altcoins broke key resistance levels on Tuesday. Ethereum and Cardano led the way with 2% gains, outpacing Bitcoin’s 0.6% rise. This shows growing momentum for altcoins, with many market watchers hinting that altcoin season could be here.
ADA Set For Major Breakout
After a strong recovery last week, Cardano is currently trading at $0.7019, up 0.4% in the past day. Analyst Mintern believes that ADA could be gearing up for a major breakout. The current setup mirrors the 2020 inverse head-and-shoulders pattern that led to an explosive rally. He believes that the real bull run hasn’t even started yet.
Analyst Ali Martinez also believes that Cardano is heading toward a crucial test at $0.74; if it breaks above, it could rally to $0.88.
Cardano Surpasses Ether in Developer Activity
Recently, Cardano has surpassed Ethereum in developer activity, which has sparked fresh excitement, hinting at a possible rally for Cardano. Data from Cryptometheus shows that Cardano has outpaced Ethereum in core developer activity over the past year, with 21,439 GitHub commits across 550 repositories.
The Cardano ecosystem thrives with 38 projects and 4,012 public repositories. However, developer engagement has decreased by 10.28% this month, with 262 developers making 1,845 commits, marking a 19.2% decline from the previous month.
Besides, Hoskinson recently announced that Cardano is set to integrate Bitcoin into its Lace wallet, which will allow BTC holders to access Cardano DeFi with a simple one-click feature. Hoskinson says Cardano’s ADA could hit $3, $5, or even $10 if the community backs the proposed development plan and budget.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see what experts have to say about Bitcoin’s (BTC) price outlook. Key investment strategies are driving the next directional bias for the pioneer crypto.
Is a $90,000 Breakout Imminent for Bitcoin?
Crypto markets continue to reel from Trump-infused volatility, which weighs heavily on investor sentiment. Traders and investors are bracing for macroeconomic headwinds that continue to temper modest gains.
However, despite the concerns, analysts are still optimistic, citing key investment or trading strategies. BeInCrypto contacted Blockhead Research Network (BRN) analyst Valentin Fournier, who alluded to the Wyckoff price cycle.
“Our base case remains an accumulation phase, with occasional dips likely before Bitcoin can make a clean break above the $89,000–$90,000 resistance,” Fournier told BeInCrypto.
The Wyckoff Price Cycle, developed by Richard Wyckoff, is a technical analysis framework to identify market trends and trading opportunities. It consists of four phases:
Accumulation: Where smart money buys at low prices, often marked by a “spring” (a false breakdown).
Markup: A bullish phase with rising prices.
Distribution: Where smart money sells at highs, also featuring a “spring” (false breakout).
Markdown: A bearish phase with declining prices.
Fournier added that because Bitcoin dominance continues to rise, this suggests altcoins could continue underperforming in the short term.
He also noted that, in contrast to Bitcoin’s strength, trade tensions have affected traditional markets more.
“This is highlighted by Nvidia’s decline following new export restrictions on chips to China,” he said.
What Does Options Data Say?
If the accumulation phase thesis is true, it aligns with a recent analysis by Deribit’s Tony Stewart, highlighting trader sentiment favoring the upside.
The bullish cohort is buying $90,000 to $100,000 Calls, suggesting bets on a price rise for Bitcoin. However, others are bearish, buying $80,000 Puts and selling $100,000+ Calls, indicating they expect a decline or hedging.
Likewise, funding strategies reveal bullish traders are rolling up positions from $84,000 to $90,000 Calls and selling lower Puts ($75,000) to finance their bets. This indicates confidence in a near-term rally.
Traders analyze these repeating phases’ price action, volume, and market structure. Based on that, they can spot reversals and time entries or exits while understanding institutional behavior.
Shiba Inu price has not made any meaningful gains over the past month, as meme coin traders remain cautious due to uncertainty caused by tariffs and the trade war. However, one top trader has used an Elliott Wave analysis to identify a bullish outlook for SHIB, suggesting that it may be on the verge of a 700% rally to $0.0001. Is this price target realistic? Let’s explore.
What Elliot Wave Analysis Says About Shiba Inu Price
Analyst CaptToblerone used the Elliott Wave analysis to forecast that the Shiba Inu price was on the verge of a major upside move. The meme coin may have completed the corrective phase near the $0.0000055 price level, suggesting that SHIB may have bottomed and it is now prime for an upward recover.
The analyst noted that Shiba Inu is now prime for five waves of recovery, where the price will climb slowly, with a series of higher highs. If the pattern plays out, Shiba Inu price could rally to as high as $0.00014, which is more than ten times its current price.
Shiba Inu Price Chart
CaptToblerone added that the SHIB price had followed the Elliott Wave pattern in the past, suggesting that the rally to $0.00014 will likely happen.
Is $0.0001 a Realistic Target for SHIB Price?
$0.0001 is a realistic target for the Shiba Inu price. At this price, this top meme coin would have a market capitalization of $58.9 billion, which is also a realistic target.
Shiba Inu has been close to attaining this price target in the past. This is because the meme coin’s all-time high stands at $0.000088, attained in 2021. Moreover, several bullish catalysts could make this price rally possible.
One of these catalysts is the SHIB burn rate. If the burn rate can skyrocket, it will remove a significant amount of tokens from the circulating supply. This will help drive the price rally. Additionally, increased activity on the Shibarium layer 2 network will be a catalyst for a positive Shiba Inu price prediction.
Shiba Inu Open Interest Rebounds
The SHIB open interest has rebounded significantly since hitting a record low of $89M last week. At press time, this metric stood at $116M, suggesting that traders are opening new positions on the meme coin, as they bet on a major price move.
Shiba Inu Open Interest
The open interest is rising when the funding rates are positive according to data from Coinglass. This indicates that many traders have opened long positions on Shiba Inu. As more traders bet that the price is going to increase, it highlights a bullish market sentiment.
Therefore, if Shiba Inu follows the path laid out in the Elliott Wave analysis, it is likely that the price will surge to $0.00001. This is a realistic target for SHIB as it will give the meme coin a $58 billion market. The rising open interest also supports this bullish outlook.
The era of the Ethereum price hype could be coming to an end. The cryptocurrency market saw a new opportunity when IntelMarkets launched its presale and secured more than $11 million. The platform has a token price of $0.09 which will rise to $0.10 in the next stage.
The combination of advanced AI tools with dual chain support could allow IntelMarkets to become a powerful rival against Ethereum (ETH). Many investors have their eyes on this emerging platform because it shows signs of a potential 10x surge.
IntelMarkets’ $11M Presale Shakes the Market
The crypto market has shown interest in IntelMarkets, which helped it to raise above $11.2 million in presale. The new platform currently sells tokens for $0.09 which will increase to $0.10 in the next stage.
The speed at which investors are getting IntelMarkets tokens in the presale could show their confidence in its ability to possibly challenge the Ethereum price. IntelMarkets has achieved success in presale through its advanced trading capabilities.
Source: IntelMarkets
The Intelli-M robots at IntelMarkets possess self learning capabilities. They can automatically adopt the market trends and learn from their mistakes to perform better. Further autopilot trading bots would guide users through easy crypto transactions. They use preset risk strategies while reducing the need for manual intervention in trades.
The platform gives its users the ability to maximize investment returns through its impressive 1000x leverage feature. IntelMarkets also offers dual chain functionality that would allow secure transactions on both Ethereum and Solana blockchains. This could give greater flexibility to users than the competing platforms.
IntelMarkets is becoming famous in the crypto industry because of its AI-based features and the potential to surge 10x after launch.
Ethereum Faces Challenging Market Conditions
Ethereum (ETH) has been facing intense market pressure because its value dropped around 30% this month. In fact, the current ETH/BTC ratio is the lowest it has been since 2021 which shows increasing market difficulties.
The Ethereum price is still trading above $2,000. However the platform is facing challenges because of regulatory concerns, spot ETF reviews, and market decline. The Layer 2 networks and selling pressure from institutions have also caused the Ethereum price to plunge lower.
Source: CoinMarketCap
The ETH token is still at number 2 in the market despite facing challenges. The upcoming EIP-4844 updates could promise to improve both the ETH token’s scalability and transactional performance as a sustainable development. The Ethereum price could experience a rebound if it maintains its support levels.
Yet analysts believe that the volatile market conditions might continue for the Ethereum price. Market experts are closely tracking the performance of the ETH token. However, investors are considering IntelMarkets because of its modern blockchain solutions and presale success.
IntelMarkets Could Potentially Rival Ethereum With 10x Surge
The Ethereum price continues to drop, and IntelMarkets is stepping into the limelight due to its massive presale success. If IntelMarkets reaches even 1% of ETH’s massive market cap of above $267 billion, each INTL token could be around $1.34.
From the current presale price of $0.09, this could mean an increase of over 1,300%. According to this prediction, IntelMarkets could easily experience more than 10x surge after launch.
The platform is also consistently working to improve its presence. IntelMarkets aims to add a Coin Margin Derivatives Contracts feature to its system. This development would allow traders to use Bitcoin and Ethereum as security for crypto futures and perpetual contracts. This feature improves flexibility and liquidity for users.
IntelMarkets has also performed many stress tests to guarantee its users that it can process big volumes of transactions while maintaining speed and security. This constant development and advanced AI-based features could allow IntelMarkets to potentially become the next big rival of the ETH token.
Final Thoughts
The recent swings in the crypto industry have severely affected the Ethereum price. This allowed emerging platforms like IntelMarkets to take the stage with an impressive $11M presale.
Its advanced features and investor confidence could allow INTL to surge 10x after launch and be the potential ETH rival. Now is the best time to invest in the platform before the token price increases in the next stage.
The post The Next Big Ethereum Rival? This Explosive Presale Raised $11M and Is Targeting a 10x Surge appeared first on Coinpedia Fintech News
The era of the Ethereum price hype could be coming to an end. The cryptocurrency market saw a new opportunity when IntelMarkets launched its presale and secured more than $11 million. The platform has a token price of $0.09 which will rise to $0.10 in the next stage. The combination of advanced AI tools with …
robots at IntelMarkets possess self learning capabilities. They can automatically adopt the market trends and learn from their mistakes to perform better. Further autopilot trading bots would guide users through easy crypto transactions. They use preset risk strategies while reducing the need for manual intervention in trades.