Cardano Surpasses Ethereum in Online Survey as Retail Investors Display Enthusiasm for IntelMarkets

Ethereum holds the top position among altcoins, but over the latest month, its trajectory has dipped. Not even the debut of Ethereum ETFs could invigorate the space with additional investors, leading to the token’s value plunging under the $2,500 threshold.

The Chief Investment Officer at Bitwise anticipates potential market improvement by November. In a parallel development, Cardano clinched the title for best technology in a cryptocurrency poll, surpassing Ethereum and Solana. In related news, after eclipsing the $350k milestone, IntelMarkets has set its sights on amassing $500k in fundraising efforts.

Bitwise’s CIO Continues to Express Confidence in Ethereum (ETH)

Despite the recent market downturn affecting Ethereum (ETH), Matt Hougan of Bitwise maintains a positive outlook. In a memo, Hougan emphasized that Ethereum’s active development scene, user base, and significant market cap in comparison to other projects, particularly in the stablecoin and decentralized finance (DeFi) sectors, would be beneficial to its recovery.

He believes that the approaching US elections in November and future regulatory clarity could further buoy the market. Ethereum’s current market price hovers near $2,500, fluctuating between $2.2k and $2.8k over the month. To signal a trend reversal, the cryptocurrency’s USD value must surpass the 50-Day SMA ($2,584.80) and 200-Day SMA ($3,131.43), according to some analysts.

Cardano (ADA) Excels Over Ethereum and Solana in Latest Survey

A survey by Weiss Crypto has resulted in Cardano emerging as the leading altcoin for its technological advancements, claiming more than three-quarters of the votes and leading Ethereum, which received 6.7%, and Solana with 8.1%. Cardano’s Charles Hoskinson acknowledged the positive survey results as Cardano navigates post-hard fork consolidation.

CoinMarketCap data reflects Cardano’s price stability within a $0.3 to $0.4 range, with the token’s market capitalization holding steady between $11 billion and $14.5 billion. A resurgence in market sentiment could drive Cardano’s price toward the 200-day SMA ($0.465704).

As IntelMarkets Surpasses $370k, Investor Enthusiasm Grows

Experiencing significant pre-sale success, IntelMarkets has raised beyond $370k and may soon reach the $500k target in its sights. Aiming to transform perpetual futures trading, IntelMarkets provides a range of features including copy trading, minimal fees, and sophisticated risk management tools.

Propelled by the Ethereum and Solana blockchains, the IntelMarkets exchange is set to facilitate crypto trading with efficiency and affordability. Traders benefit from both blockchains: Ethereum’s rich DeFi landscape and smart contract capabilities, and Solana’s speedy, scalable, and cost-effective transactions.

IntelMarkets is dedicated to elevating futures trading through offerings such as 1:1000 leverage, enabling traders to maximize returns from minor price movements. The platform also boasts a suite of advanced tools including AI bots, custom indicators, and complex charting software.

Cardano and Ethereum Investors Back IntelMarkets’ Ascend

Ethereum and Cardano investors have gravitated towards IntelMarkets since its ICO inception. Its native token, INTL, has climbed 100%, from $0.009 to $0.018, with projections indicating potential for a 5x price increase in the near term, positioning it as a promising crypto investment.