Solana (SOL) has shown an impressive trajectory, providing SOL investors with huge gains. The Solana price trajectory in 2021 has left analysts in awe of its market movement. Traders who missed SOL tokens in 2021 are betting heavily on IntelMarkets as the coin prepares for a massive ascent. Experts suggest the emerging platform will outpace Shiba Inu (SHIB) in this bull run!
Solana Price Eyes Resistance After Recent Gains
Solana (SOL) is trading between $171.70 and $231.97, showing signs of growth after the Solana price rose 8.3% in a week and 37.51% in a month. The SOL coin is neither overbought nor oversold, suggesting room for movement. If it breaks above the resistance level at $253.79, the price could climb further.
However, some indicators show momentum might be slowing down. Watching if the Solana price stays above the 10-day average of $210.08 and the 100-day average of $213.97 could signal continued upward movement.
Reaching the next resistance at $314.06 would mean a significant gain from the current Solana price. The SOL token surged aggressively in 2021. Investors who missed the previous Solana rally are shifting to INTL, as this platform provides a similar outlook of massive gains.
Shiba Inu’s Burn Rate Surge Drives Positive SHIB Sentiments
According to the Shibburn tracker, the burn rate of SHIB spiked by 6,223% within a single day on November 19. In this period, around 290,321 tokens were burned which means they were taken out of the circulating supply.
In the same week, the Shiba Inu community removed from circulation approximately 135 million SHIB tokens and this has led to a decrease in supply. The token’s total supply is still 589.26 trillion and the market shows signs of increased confidence.
This was concurrent with a 4% intraday rise in the price of SHIB, which was priced at 0.00002511 USDT at the time of reporting concerning the burn rate spike. Due to lower supply, the sentiment turned bullish for Shiba Inu, which could pave the way for a price increase with a potential breakout to 0.3630 USD.
While Shiba Inu has witnessed some consolidation and bounce back, holders are not optimistic about touching the 1 USD mark. This price level can only be achieved if the market capitalization of SHIB rises significantly, something that may not be easy considering the current total supply of SHIBs. Thus, traders prefer IntelMarkets over Shiba Inu.
IntelMarkets (INTL) 20x Potential Hike Grabs Investors
IntelMarkets (INTL) has achieved another milestone, surpassing $2.4 million in funding. Investors have been showing interest in the crypto ICO, whose coin is selling at $0.05 after an increase of more than 400%. Based on the early performance of IntelMarkets, analysts say the price of INTL may increase by 20x in the coming months.
IntelMarkets is on a quest to help traders by using the power of AI and blockchain technology, thus offering advanced trading tools to small retail traders. IntelMarkets has AI-based trading robots that can analyze market data.
These bots can handle large amounts of market information as they occur, as well as high-frequency trends, price movements, and multiple indicators at once. Also, they work at top speed and can seize opportunities when they appear in front of them, thus providing a trader with a valuable advantage.
Another benefit that comes with these bots is that they can easily be used by traders with no knowledge of trading. With Intelli-M™, even a newbie can deploy highly complex trades and strategies without necessarily having to watch every upward or downward movement in the market or even understand the technicalities of such complex trades.
Want to know more about the IntelMarkets platform? Check out the website or join the presale to become a part of the viral community.
