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Leading altcoins in 2024: ADA targets $1, SOL eyes $200, and a new 10x token emerges as a top pick.
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The cryptocurrency market is gradually shaking off the effects of the recent liquidations in the past month. Many top altcoins like Cardano (ADA), Solana (SOL), and Intel Markets are trading in the green region now.
While Cardano is targeting $1, Solana could reclaim the $200 region. Also, analysts forecast the price of Intel Markets might surge by 10x before the year runs out.
Solana must break past $154 to hit $200
Solana has been on an upward trend in the past month, soaring from a low of $123 to $150. This uptrend sparked excitement in the crypto market with many expecting the price of Solana coin to cross the $200 mark.
Ali Martinez told his followers lately that Solana crypto must cross the resistance at $154 to continue its upward ascent. The analyst said falling from this level could lead to a price dump, which could push the altcoin price to $85.
Currently, the Solana price is trading above the 50-SMA ($141.84) and 200-SMA ($146.39). This is a bullish sign and could mean the token is set for a price surge in the coming days.
A Bitcoin developer with the username Elraulito has unveiled a solution to the problem of interoperability, creating a bridge between Bitcoin and Cardano applications. The developer shared a Plutus V3 smart contract that will enable dApps in the Cardano ecosystem to work with Bitcoin wallets.
This will allow users to transact with Cardano ADA, interact with tokens, etc. Reacting to the news, Cardano founder Charles Hoskinson was shocked by the new cross-chain connection. In other news, the Cardano coin is trading between the 50-SMA ($0.348181) and 200-SMA ($0.463062).
The altcoin has recorded 18 green days in the last 30 days, which is a bullish sign. WorldOfCharts1 forecasts that the Cardano price might pump to $0.8000 in 2024. The analyst said the token has broken out and could jump to reclaim the $1 mark soon.
Reasons to trade crypto perpetual futures on Intel Markets
Intel Markets is a crypto perpetual futures trading platform that has made it easier for traders to trade since there are no expiration dates for positions. In addition to this, traders get access to a high leverage of 1000x and can enjoy high liquidity.
The platform’s dual-chain infrastructure for Ethereum and Solana offers more scalability and allows traders to enjoy fast transactions and low fees. Intel Markets has advanced trading tools like charting software, real-time market data, and auto trading features, which include artificial intelligence trading bots to assist traders.
That means traders do not lack any form of assistance in making their decisions. Custom indicators assist traders in understanding market price movements and the sentiment of the market. Also, the trading bot powered by Rodeum has learning capabilities and can follow the strategies or techniques the trader wants.
The presale of Intel Markets has been gaining popularity fast, exceeding $520k within weeks. For now in the second stage of the presale, Intel Markets’ has risen by 100% to reach $0.018. Experts predict its value could rise tenfold before the end of the year.
Conclusion
Although now the top altcoins, Cardano and Solana, have massive odds to hit their price targets of $1 and $200, respectively, they may not rise as much as Intel Markets. Top analysts expect Intel Markets to increase 10x this year due to exciting features that make it one of the best altcoins for investors who seek higher returns.
To learn more about Intel Markets, visit the website, Telegram and Twitter.
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This article first appeared at crypto.news
