ETH heads toward $3k as SHIB picks up momentum; New AI crypto soars

Ethereum and Shiba Inu pick up steam while the new AI crypto IntelMarkets is primed for a big leap by integrating AI into DeFi trading.

The crypto market experienced the worst single-day liquidation event in history on Monday, higher than the worst days of FTX and LUNA. However, a bounce is unfolding as quickly: Ethereum (ETH) soars toward $3,000 and Shiba Inu (SHIB) picks up momentum. With a complete recovery and further upswings anticipated, these are some of the altcoins to watch.

IntelMarkets (INTL), a new AI crypto, is tipped for a 65x gain after its scheduled listing on Tier-1 exchanges in Q1. Its bullish AI-DeFi narrative and rapidly growing community are behind its massive growth prospects, poised to outperform top crypto coins.

IntelMarkets: Potential 65x rally by Q1

IntelMarkets, one of the new altcoins in the crypto scene, is quickly becoming an investor favorite. Over $7.9 million has been raised in funding in record time. Behind the rising interest are its potential transformation of the crypto trading scene and growth prospects.

With plenty of room to run as a new AI coin, experts believe it is heavily discounted at $0.082 in the ninth ICO stage. Meanwhile, it could soar as high as 65x after Tier-1 exchange listings in Q1.

Offering more than just gains, it is on a mission to reshape the $36 billion global crypto trading scene. It will integrate AI across all levels, becoming the first true modern-gen trading platform. At the heart of the ecosystem will be an AI-based blockchain powering the ecosystem and self-learning trading bots. By providing AI-driven insights and strategies, adoption is imminent.

Ethereum prepares to retest $3,000

Ethereum, popularly known as the second-largest cryptocurrency and DeFi giant, is gathering momentum. It was one of the biggest losers during Monday’s bloodbath, retesting $2,300 amid the selloff. However, momentum is back as it races toward $3,000.

At the same time, top analysts like Crypt0practice predict a rally past $7,700 this cycle, the long-term outlook remains bullish despite short-term fluctuations. Sharing a bullish sentiment, Im_goomba, a crypto trader and expert on X, expects Ethereum to hit $5,800, breaking out above its $4,890, its 2021 all-time high. Meanwhile, the 9-HMA and Commodity Channel Index (20) are technical indicators suggesting a bounce in the Ethereum price.

Shiba Inu: Saved by the bulls

Shiba Inu, the leading meme coin on the Ethereum blockchain and the second-largest meme coin, begins its comeback. After plummeting on Monday, the bulls are back, changing hands above $0.000016.

Contributing to its outlook are key technical indicators like the Commodity Channel Index and the 9-HMA, hinting at an upswing. Further, Zoloshib, bullish on the dog-themed meme coins, expects a rally above $0.000027 and a potential breakout above $0.000034 and $0.000048.

Joyfuljairo123, another leading expert, targets $0.000033 upon Shiba Inu breaking out of the falling wedge pattern. Despite this, its upside potential is limited, considering its large market size.

Conclusion

As a new altcoin, IntelMarkets has higher growth prospects than those large market caps. This will be its first bull cycle and at $0.082, experts predict it might witness a 65x rally in Q1. Moreover, its integration of AI into DeFi trading sets the stage for adoption and growth.

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