Signum Bank says Solana could surpass Ethereum, Intel Market aims for $1
Solana (SOL) and Ethereum (ETH) have been in a fierce competition for years, with many analysts debating which cryptocurrency has a better position in the market. Recently, Sygnum Bank provided support to Solana, suggesting that Solana has the potential to outperform Ethereum.
In another notable development, IntelMarkets has been making great strides in the cryptocurrency space, with its tokens increasing by an impressive nearly 200% in the last month. Analysts predict that the value of this DeFi token could reach $1 in the near future.
Signum Bank: Solana could flip Ethereum
According to a recent report from Sygnum Bank, Solana (SOL) is poised to flip Ethereum (ETH) on the market. The report highlights that Solana outperformed Ethereum by an impressive 300% year-over-year. He also pointed out that Solana, which fell to new lows after the FTX collapse, is recovering.
The bank made several key points regarding Solana’s performance.
Transaction speed: Solana’s blockchain offers significantly faster transaction speeds compared to Ethereum. Total Value Locked (TVL): Despite its advantages, Solana still lags behind Ethereum in terms of total value locked within its ecosystem. Market Cap: Solana’s market cap remains significantly lower than Ethereum. of Ethereum.
Currently, Solana’s price has settled between $120 and $160 on a monthly basis. It successfully broke out both the 50-SMA ($142.36) and 200-SMA ($146.71), indicating a bullish trend. Coincodex predicts that Solana’s value could reach $171.24 in the coming weeks.
Ethereum (ETH) ranks first in NFT sales volume
According to Cryptoslam data, NFT sales are making a comeback, with total sales currently at $85.97 million. This figure exceeds sales in the last two weeks of September.
Ethereum Advantage: Ethereum Network leads this week with total NFT sales of $27.48 million; Competitors: Bitcoin follows with $12.6 million; Solana ranks third with $11.8 million in sales last month .
Despite the success of Ethereum NFTs, its price movement remains stagnant, stabilizing between $2,200 and $2,700 on the monthly chart. However, analysts predict that a market turnaround could occur by the end of the year, pushing Ethereum’s price to the 200-SMA of $3,085.28.
IntelMarkets (INTL) aims to transform the cryptocurrency trading environment with AI
IntelMarkets (INTL), currently in the third stage of pre-sale, is priced at $0.027364. Analysts believe it could rise to $1 in the coming months. According to forecasts, IntelMarkets could raise between $920,000 and more than $5 million by the end of the year.
IntelMarkets aims to revolutionize cryptocurrency trading by leveraging artificial intelligence and blockchain technology. The platform has assembled a team of experts from prestigious organizations such as MIT, OpenAI, Renaissance Technologies, and Goldman Sachs to achieve its ambitious goals.
IntelMarkets Key Features: Market Growth: The global cryptocurrency trading platform market is estimated to reach $264 billion by 2030, offering ample growth opportunities. Dual-chain structure: The platform supports both Solana and Ethereum, allowing users to benefit from Ethereum’s smart contracts. Innovative solutions: IntelMarkets plans to deploy the Route X21 protocol, designed to be resistant to quantum attacks, alongside advanced AI-based trading bots to monitor market trends and portfolio management.
INTL: Potential to surpass Solana and Ethereum
As competition between Solana (SOL) and Ethereum (ETH) intensifies, IntelMarkets is positioned to outperform both with its unique offering and with its ambitious goal of reaching $1. With increasing community engagement, the platform aims to become a market leader, offering high returns to investors and making its native token a front-runner in the cryptocurrency space.
