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Analysts Forecast Major Price Gains for Cardano and IntelMarkets; Tron Hits Another Milestone

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Release: 2024-09-19 03:18:12
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The Tron network has reached another milestone again as the number of accounts on its platform surpassed 258 million. Also, tron's total transfer volume has crossed $13 trillion.

Analysts Forecast Major Price Gains for Cardano and IntelMarkets; Tron Hits Another Milestone

The Tron network has achieved another milestone with over 258 million accounts on its platform and total transfer volume exceeding $13 trillion.

In other news, an analyst predicts a potential price increase to $4 for Cardano by 2026, while analysts also anticipate a 1,100% price surge for IntelMarkets in the upcoming months. These price predictions make them some of the best altcoins to watch in the market currently.

Continue reading to learn more about Tron, IntelMarkets, and Cardano’s latest developments and price predictions.

Tron (TRX) Clenches New Milestone

The Tron (TRX) ecosystem has witnessed significant growth and development over the years. According to a recent tweet, the total number of accounts on the Tron network has reached 258.1 million, marking a new milestone.

This figure serves as a testament to the high adoption of the platform, which is poised to revolutionize the decentralized finance (DeFi) market. In another tweet, Justin Sun, Founder of Tron, revealed that the total transfer volume on the blockchain has crossed $13 trillion.

Moreover, the TRX price is currently trading above the 50-Day SMA at $0.142564 and the 200-Day SMA at $0.129788. However, the price movement of the Tron crypto has slowed down due to the selling pressure in the market.

According to analysts, the value of the cryptocurrency is expected to increase to  $0.158716 in the upcoming weeks.

Cardano (ADA) Price To Reach New High In 2026

Market analyst MafeoFerrari has shared his thoughts on the future of Cardano (ADA) in a post on TradingView. He included a chart that shows the Cardano market is forming a rounded bottom pattern and is likely to enter an accumulation phase soon.

Furthermore, the analyst highlighted that $0.22 is a strong support level that will determine the price trajectory of Cardano ADA. As per MafeoFerrari, Cardano is set to go on a bullish ride from this level by the end of 2025, more precisely reaching a new ATH of $4.6537 by December 2026.

However, the analyst noted that if the Cardano price drops below $0.22, the cryptocurrency might decrease to $0.13. Currently, the Cardano coin is trading below the 50-day SMA ($0.352987) with Its 14-day RSI below the 50 mark.

Both are indications that bears are in control of the market. The cryptocurrency’s market cap is consolidating between $11 billion and $14.5 billion on the monthly timeframe.

New AI-based Trading Platform Captures Investors’ Interest

In the realm of perpetual futures contracts, which boasted an average daily trading volume of $101.9 billion in 2022, IntelMarkets (INTL) is attracting attention.

With its cutting-edge AI-based trading platform, IntelMarkets is positioned to provide the optimal environment for trading perpetual futures contracts with leverage of up to 1,000x.

This leverage enables traders to amplify their profits even with minimal investment. Additionally, the platform will feature advanced trading tools meticulously crafted by former employees of renowned organizations like MIT, OpenAI, and Goldman Sachs. Some of these tools include risk management instruments, advanced charting software, and customizable indicators.

These tools are designed to cater to the diverse needs of traders, who approach trading in a multitude of ways. It is also worth noting that IntelMarkets is a dual-chain trading platform that combines the strengths of two blockchains – Ethereum and Solana.

Such a move allows IntelMarkets users to experience fast transactions, low fees, high flexibility, scalability, and throughput that have not been encountered before.

Currently in the first stage of its presale, IntelMarkets has already secured over $280k in funding. According to analysts, the price of its native token, INTL, could rise from $0.009 to $0.11 in the upcoming months, indicating a potential increase of 1,100%.

Which Are the Best Cryptos To Buy: Tron, IntelMarkets, or Cardano?

While Tron has witnessed large-scale adoption over the past few years, analysts have provided bullish price forecasts for two altcoins – IntelMarkets and Cardano.

While IntelMarkets’s value is expected to soar by 1,100%, that of Cardano might reach $4.537 by December 2026.

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