Election excitement triggers new ATH for BTC; SOL, DOGE to set hew highs

Bitcoin hits ATH as elections boost sentiment. Solana and Dogecoin could follow with positive signals. Intel Markets supports investors with AI insights.

The recent election season has lit a fire under the BTC price and pushed it to an all-time high. Now, all eyes are on how long it might take for other top cryptocurrencies like Solana (SOL) and Dogecoin (DOGE) to follow suit.

In this environment, Intel Markets is proving to be a powerful trading platform that gives real-time data and predictive insights. Consequently. it becomes easy for investors to make smarter decisions during aggressive market conditions.

This article provides an in-depth look at BTC price, potential highs for Solana and Dogecoin, and Intel Markets’ role in aiding investors.

BTC reaches a new all-time high as market momentum grows

BTC price soared to nearly $82,000+, driven by the 2024 election excitement. As a result, its market cap pushed to $1.45 trillion, with trading volume approaching $94 billion.

Not to mention, institutional interest in Bitcoin is growing here. For example, a pension fund in the UK has included Bitcoin in its assets and assigned 3% of its portfolio to it since it regarded BTC as a dependable investment for the future. This move lines up with recent approvals of spot Bitcoin ETFs as giants like BlackRock and Fidelity increase their holdings.

With growing institutional support and regulatory clarity, Bitcoin is reinforcing its role in both the retail and institutional markets. The BTC price momentum strengthens Bitcoin’s presence in the global financial sector and inspires interest worldwide.

Solana rises: Will it follow Bitcoin’s path to new highs?

Solana reached $211, a 12% increase in a single day, and thus its market cap reached approximately $85 billion, with trading volume near $8 billion. As Bitcoin reaches new highs, some wonder if Solana could be next.

However, the Solana technical outlook is mixed. The weekly chart looks positive, but daily indicators suggest possible declines. The MACD has turned bearish, and the RSI is close to a key level. If RSI falls under 50, the value of Solana may retrace to about $150 thereby indicating that the recent gains may not hold. Moreover, there is an election-related risk that further complicates the situation.

Despite this, there is still a strong floor of buying interest from institutions in Solana. VanEck and Kiln have partnered to finance Solana staking for institutions. In Q3 2024, Solana’s ecosystem raised approximately $173 million, which is an increase of 54% compared to the previous quarter.

Its new upgrade: Solana’s V1.18 has increased transaction speeds, which lifted its DeFi sector to $5.7 billion in total value locked. If it manages to sustain its momentum and mitigate potential market risks, Solana might just follow in Bitcoin’s footsteps to new highs.

Dogecoin looks to new heights as market confidence ramps up

Dogecoin is once again in position for a potential breakout as institutions are rallying for support. Recently, on-chain data has shown how large investors’ accumulated Dogecoin average balance increased by 957%.

At the same time, technical indicators have shown an optimistic trend about Dogecoin. On the 4-hour chart, the TD Sequential indicator printed a “9” green buy signal,  a pattern typically observed before the prices begin to rise.

Analysts have noted that Dogecoin is still hovering above the $0.141 support zone. Hence, this price stability favors further upside in Dogecoin, aligning with a potential target of $0.162.

In addition, recent history gives hope to fresh advances since there has been solid resistance at this level. If buying pressure remains, DOGE could attract even more investment. For now, the stage seems set for Dogecoin to test new heights aided largely by institutional interests and positive market sentiment.

AI-powered platform Intel Markets is leading bullish crypto market

With the BTC price hitting an all-time high, other crypto markets also appear to be joining the bull run. In this environment, Intel Markets has carved out a niche for investors who rely on AI-driven trading tools.

Caters to both new and veteran traders, Intel Markets provides access to over 10000 crypto assets and even native AI integration for real-time insights. With its automated trading robots, users can choose the desired level of profitability and risk, while Intel Markets’ advanced algorithms handle the rest.

Further, this AI-driven platform tracks over 350,000 data points to make sure each trade is strategic through comprehensive data analysis and backed by enterprise-grade technology.

Meanwhile, Intel Markets keeps adding to its toolkit. The platform’s latest update introduced Intell-M, a feature that consolidates information from more than 10,000 data sources and then offers a deeper, clearer look at market conditions.

Plus, its 1000x leverage is ideal for experienced traders who want to get maximum returns even with minimal capital. The platform’s leaderboard also encourages healthy competition because it rewards top traders with reduced fees and exclusive benefits.

At present, the INTL token is priced at $0.04 while the anticipated next presale stage price is pegged at $0.05. The presale has recorded over 6.26 million tokens sold, with an additional 77 million tokens remaining at this stage.

This limited window gives the investors a chance to buy the tokens in advance and be part of the platform that promises to disrupt crypto trading with AI-powered insights and advanced risk management strategies.

To learn more about Intel Markets, visit the presale website, Telegram, and Twitter.