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US election impacts ripple through crypto: BNB aims for $1,300, Shiba Inu targets $0.000081, and IntelMarkets eyes $0.1.
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The ripple effects of the recent US elections are still being felt across the crypto market. While some altcoins have risen to new levels, others are yet to join the uptrend. Going forward, analysts believe the new administration could pave the way for favorable crypto policies.
Such a move could lead to a price surge in the coming months. Binance Coin (BNB) is expected to reach $1,300 and Shiba Inu to hit $0.000081. Also, analysts forecast a relatively new AI-driven altcoin, IntelMarkets (INTL), could reach $0.1.
Binance Coin eyes breakout of 1351 days range to $1,300
Binance Coin has been trading between a weekly low of $540 and a high of $610 in the past week, according to CoinMarketCap. The Binance Coin crypto has recorded gains of 4.2% and 3.7% on the 7-day and 30-day charts, respectively.
However, it has failed to remain at the $600 region due to resistance around the $609-$610 level. Nevertheless, analysts believe a price surge could still occur in the coming days.
One expert who is bullish about the Binance Coin token is Yaroslav Kraskoo. According to an analysis shared by Kraskoo, BNB has been trading in a range for 1351 days.
The analyst noted that breaking out of this range could push the Binance Coin price to a new all-time high of $1,300. The technical indicators, VWMA (10) and Hull Moving Average (9), are in the buying zone, painting a bullish picture in the long term.
Shiba Inu could pump 306%
Analyst Javon Marks has pointed out that Shiba Inu has posted a hidden bullish divergence. This comes after the meme coin broke out from previous resistance levels. According to Marks, the Shiba Inu price could soar to $0.000081, riding on the growth of Bitcoin.
To reach this target, the value of the Shiba Inu crypto has to increase by 306% gain from the current price. Shib Spain is also bullish about the Shiba Inu coin. They shared a chart that showed the memecoin forming a bullish flag that could push it to the $0.0001 target.
In the meantime, the price of SHIB is consolidating between $0.00001632 and $0.00001946 on the weekly chart on CoinMarketCap. Although Shiba Inu has lost some of its profit from the November 6 election victory, its VWMA (10) and Hull Moving Average (9) indicators are still bullish.
IntelMarkets $0.1 target could happen in 2024
The IntelMarkets coin, INTL, is among the top AI-based that is gaining momentum in the market. Currently, in the fifth stage of its presale, IntelMarkets’ INTL coin is trading at $0.045727. Analysts forecast the value of the cryptocurrency could hit $0.1 in the coming weeks. Meanwhile, IntelMarkets just hit a new milestone, raising over $2 million in funding.
Because of its well-developed AI story and massive growth opportunities, INTL is considered one of the most attractive cryptocurrencies in the market. IntelMarkets intends to transform the $264 billion cryptocurrency trading market through a platform that will empower both new and professional traders with AI tools.
The Intell-Array Multichannel Analysis tool helps simplify the analysis of large and large data sets and market indicators. This makes the whole process easier and quick to go through, eliminating the learning curve and allowing traders to identify and exploit opportunities. Also, IntelMarkets provides AI-based trading bots. They are self-learning and can mirror strategies to assist users in making profitable trades.
In summary
Binance Coin, Shiba Inu, and IntelMarkets are aiming for bold targets. Such potential levels make them the best coins to invest in for future profits. Meanwhile, IntelMarkets has launched a 50% bonus for new deposits. To get the bonus, use the code “USA” when making purchases.
For more information, visit the IntelMarkets presale website and join the community on Telegram and X.
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This article first appeared at crypto.news
