Ahead of the US election traders are excited, which could create shifts in crypto markets. Many are wondering how Bitcoin’s price will affect $200M worth of Solana positions. And this emerging project due to its disruptive trading platform, providing users a unique way to maximize returns.
Bitcoin Price: Will the Election Lead to a Breakout?
The world's leading cryptocurrency, Bitcoin, is always very sensitive to global economic events, and the US election is no exception. Bitcoin holders are keeping an eye on how prices change as the market prepares for what could be policy changes. Here’s a snapshot of Bitcoin’s current and recent performance:
Bitcoin sits at $68,000 — roughly. Having reached $73,000 a week ago, BTC experienced a small correction.
Source: CoinMarketCap
Historically, the Bitcoin market sees large bull market inflows after the previous US elections.
On the trend of these things, analysts believe that Bitcoin can now bounce back to $72,000 or even higher if the market still remains bullish after the elections.
Solana (SOL): Will Election Enthusiasm Boost $200M in Positions?
The no.5 crypto Solana, is a Layer-1 blockchain that has a reputation for high speed transactions. Solana’s utility continues to grow, with ‘traders’ now holding more than $200 million in open positions after being known for supporting DeFi and NFTs.
Source: Artemis
The number of active Solana daily addresses has increased exponentially year-to-date, having a positive impact on its price. Currently trading above the $160 resistance level, Solana increased almost 300% on the yearly charts.
Source: CoinMarketCap
With a projected increase in BTC’s price, analysts speculate that $200M worth of positions would likely increase around 5-15%.
This would result in a positive impact for all Solana based projects, and this AI-DeFi presale may be the frontrunner for highest potential gains.
IntelMarkets (INTL): The AI-Powered Crypto With Unrivaled Upside Potential
IntelMarkets (INTL) is a Solana and Ethereum-based trading exchange that brings together AI, DeFi, and blockchain all in one place. By building the first AI enabled trading platform capable of processing real time market data, analyzing it, optimizing trades, and boosting profitability, traders using IntelMarkets have a competitive advantage.
They offer AI trading bots that adapt to market trends, allowing investors to cash in on opportunities they might have missed out on.
Having raised more than $1.6 million from early investors, IntelMarkets’ tokens are currently available during presale, priced at $0.045. Solana’s bullish outlook and strong fundamentals will yield a projected 10-20X from the time of their market debut, according to experts.
Conclusion: The Clear Advantage of IntelMarkets (INTL)
Bitcoin and Solana stand to gain from the post election optimism, but IntelMarkets (INTL) provides opportunities to rise with the trend. The low entry point for entry, the potential for explosive growth and its AI powered trading platform makes it a top choice among upcoming projects.
The Solana based project stands out as a smart option to transform the crypto trading space. Participation in the presale is your chance to secure a stake in the promising future of IntelMarkets.
Read More to Learn about IntelMarkets:
Disclaimer: The above is a contributor post, the views expressed are those of the contributor and do not represent the stand and views of Outlook Editorial.
