DISCLAIMER: This article is a SPONSORED press release and does not constitute Finbold editorial content. Crypto assets/products carry significant risks. Only invest if you are prepared to lose your entire investment. For a full disclaimer, please .
Although Dogecoin (DOGE) has been gaining popularity for some time, especially among crypto fans, it first made a name for itself when its price skyrocketed. Despite its popularity, DOGE never rose above $1, prompting investors to look for more exciting projects. IntelMarkets (INTL) is one such prospect, an emerging AI-powered trading platform aiming to disrupt the crypto trading landscape with the possibility of a 100x rally.
Dogecoin: the OG Memecoin
Dogecoin was launched in December 2013 as a lightweight alternative to Bitcoin that managed to gain an engaged community. For years, the price remained relatively low, often trading for fractions of a cent. The first major surge occurred in early January 2021, when the value of DOGE increased by over 800% in 24 hours to around $0.07. Social media hype and celebrity support (notably from Elon Musk) have created a surge in this increase. Dogecoin reached an all-time high of around $0.74 in May 2021 after gaining large media exposure and celebrity support. This peak was, however, short-lived and the price fell sharply in the following months.
Challenges Facing Dogecoin’s $1 Price
Several factors contributed to Dogecoin’s inability to sustain higher price levels:
- Lack of utility: While there are many other cryptocurrencies with their own use cases, technological innovations and communities, Dogecoin was created purely as a joke – intending to have no real purpose aside from being a storage of value.
- Market saturation: With the influx of new memecoins and altcoins, it is difficult for DOGE to stand out among the crowd.
- Volatility: Dogecoin price is very sensitive to general market sentiment and social media trends.
IntelMarkets (INTL): a promising alternative
IntelMarkets (INTL) provides a strong value proposition on technology development. Intel Markets builds an AI trading platform with the aim of providing users with greater trading efficiency and profitability. Currently in its 6th pre-sale stage, INTL has received great attention from the community, already raising over $2.4 million.
Main features of IntelMarkets
- AI Integration: Based on advanced artificial intelligence, the platform is designed to analyze market trends in buying and selling prices, execute trades and optimize investment strategies.
- User-friendly interface: IntelMarkets is designed for both beginners and experienced traders; they attempt to create a trading experience that is both intuitive and accessible.
- Safety measures: The security of the platform is categorical, with user assets further encrypted through advanced encryption and linked to users through multi-factor authentication.
- Investment potential: IntelMarkets is in the pre-sale phase as it seeks to capture investment early in its development. The platform, which focuses on AI-powered trading solutions, is here to fill gaps in the cryptocurrency trading market and can potentially drive high adoption and value growth.
Dogecoin may continue to experience short-term volatility, but financial experts suggest its long-term growth prospects are questionable due to its lack of intrinsic value and utility. On the other hand, IntelMarkets works hand in hand with technological innovation and its practical applications in the field of commerce and hence the investment prospects in this field are greater.
Conclusion
Dogecoin offers entertainment and speculation to its investors, but its drawbacks are becoming more and more evident. If you are looking for big, lasting gains, Intel Markets is a crypto you should pay attention to. IntelMarkets, through the use of artificial intelligence, is poised to significantly influence the cryptocurrency market and improve returns for investors, making it a safe bet for future investors.
For a limited time, INTL users benefit from a 20% deposit bonus with the promo code: “INTL20”.