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SOL hits $205.64 on strong demand, while IntelMarkets gains attention with its AI-driven platform and massive presale raise.
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SOL price hit an intraday high of $205.64 and a low of $187.82, signaling a strong rebound driven by rising demand and favorable market sentiment concerning the proposed Solana exchange-traded fund.
Though Solana appears highly bullish in the current session, IntelMarkets (INTL) takes the lead with a massive presale raise. The AI-driven platform is generating buzz in the bull market with its low-cap and high ROI. Thus, INTL is being called a Solana alternative.
Solana climbs back with SOL Price above $200!
As of January 2, 2025, Solana is trading at $207, marking a 9% increase over the last 24 hours. This surge in SOL price follows a brief consolidation phase, reflecting renewed investor confidence and optimism.
The open interest in Solana futures contracts has climbed to $3.42 billion, fueled by heightened investor engagement. Perpetual contracts dominate the landscape with $3.4 billion in open interest, while futures contracts account for $15.8 million.
Over the past 24 hours, perpetual contracts grew by 10.67%, and futures contracts experienced a significant 85.59% increase, contributing to an overall 10.87% rise in total open interest. Among crypto exchanges, Binance leads with $1.7 billion in open interest, followed by Bybit at $1.1 billion and OKX at $520.5 million.
On Binance, SOL’s price rose 6.32% over the last 24 hours and recorded a 6.96% gain over the past seven days. Coinbase and Kraken reported similar 24-hour increases of 6.34% and 6.28%, respectively for SOL’s price.
Binance also leads in trading volume, with 56.1k SOL/ETH pairs traded in the last day, while Coinbase and Kraken follow with 5.2k and 4.6k, respectively. The sharp increase in SOL’s price and open interest highlights growing optimism among investors.
The 85.59% surge in open interest for Solana futures contracts suggests a rising number of traders are betting on SOL’s price movements. Open interest is often linked with strong market activity and confidence, indicating that the market expects further upside for SOL price. The dominance of perpetual contracts reflects traders actively capitalizing on SOL’s price volatility through short-term strategies.
This trend underscores the interplay between increased speculative activity and fundamental interest, both of which are driving the SOL price’s strong performance. Awawat, trader and angel investor at APG Capital, tweeted a convincing visual representation of Solana’s current market movements.
IntelMarkets: AI gamechanger raises $5.6 million in presale
IntelMarkets is an AI-powered DeFi Platform that is set to reshape the $36 billion crypto trading market. INTL unites AI, blockchain technology, and DeFi to offer a completely new method for traders to maximize their profits. Having raised more than $5.6 million from early backers, the IntelMarkets presale is making waves as experts recognize its game-changing platform.
Self-learning AI trading robots capable of processing huge amounts of data to adopt advanced trading strategies and achieve unrivalled efficiency help IntelMarkets stand out in the crypto realm.
IntelMarkets is a decentralized trading platform that’s running on both Solana and Ethereum blockchains, gaining scalability, speed, and security. It is offering its INTL tokens at a low entry price of $0.073 per token in its 8th presale stage, with analysts predicting a 10-15x after launch.
By attracting a team of former OpenAI and MIT professionals, IntelMarkets increases its credibility and brings unique innovation. Now, the world understands that IntelMarkets is not simply another ICO but a game changer for the crypto space. With real backing from retail and institutional investors, INTL’s platform is a robust project offering the best of AI.
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
