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As Cardano struggles with bearish trends and a lack of investor interest, savvy investors are flocking to more promising opportunities like Sui and Intel Markets.
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No savvy investor leaves their funds in a non-profitable investment, especially ones that have little potential at a comeback. It is for this very reason that both institutional and average investors are dumping their positions in Cardano (ADA). Instead, they are migrating to more profitable crypto investments such as Sui Crypto (SUI) and Intel Markets (INTL).
Investors drop Cardano amid ongoing network upgrade
Recently, Cardano has been experiencing significant bearish pressure, leading many investors to sell off their holdings and migrate to better-performing tokens. Cardano’s year-to-date price has dipped by 4% while it trades 89% from its ATH.
As a remedy to its current bearish sentiment, a network upgrade was done on the Cardano platform. The update is called the “Chang Hard Fork”, a two-part process which is aimed to transform the blockchain’s governance structure and decentralization features.
The first part of the network upgrade was launched on September 1, while its second part is scheduled to launch this November. Despite the launch of the first part 2 months ago, the update failed to capture the interest of investors or boost Cardano’s price, market cap, or trading volume.
Sui blockchain records rise in new accounts and TVL
Recent data from DeFiLlama shows a surge in SUI blockchain’s Total Value Locked (TVL). The TVL rose 300% from its August low of $313 million to the current $1.074 billion. By analyzing SUI’s explorer data, analysts have taken note of a 5% rise in new accounts on the SUI blockchain.
Mysten Labs reports that following the rise in new active accounts on the SUI blockchain, it recorded a net flow of $24.3 million, superseding that of Solana and Ethereum, which recorded $10 million and $9.7 million, respectively.
Consequently, investors are diversifying with the SUI token, because of the recent achievements of the SUI blockchain. The recent activities on SUI have positively affected the token’s price. Analysts speculate that SUI will rally over 30% in a few days.
Investors jump on Intel Markets’ presale for 5500% gains
While investors are diversifying to Sui blockchain, the majority of them have completely migrated to Intel Markets (INTL). This comes as no surprise because Intel Markets has been attracting the attention of the crypto community since its presale launch.
Intel Markets is also famous for its contribution in pushing DeFi to the next level with innovations like the Route X21 initiative, which tackles the issue of security breaches in major crypto blockchains. Intel Markets platform is designed on an AI-layered blockchain Rodeum, showing its commitment to protecting users’ funds and data.
The platform employs a user intuitive interface, making it easy to navigate by both newbies and seasoned investors. Moreover, investors automatically become shareholders in Intel Markets’ fast-growing ecosystem, by joining its presale currently in stage 5, with tokens sold at $0.046.
By joining the presale, investors are poised to enjoy discounts, bonuses and staking rewards. Additionally, Intel Markets employs a deflationary mechanism, and experts predict this would sustain the token’s value, boosting its price by over 5500% at the official token launch in 2025. As a result, Cardano investors among others are joining Intel Markets’ ongoing crypto presale.
To learn more about Intel Markets, visit the presale website, the official website and join the community.
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This article first appeared at crypto.news
