Starcraft Logo

Ethereum Attempts $4k Breakout, Cardano and This Coin Set for Christmas Price Explosion

Updated on: 16 December, 2024 03:18 PM IST | Mumbai
Follow us on
Follow us on

Ethereum approaches a key $4K resistance, while Cardano and an emerging coin gear up for a potential Christmas price explosion.

Ethereum

Ethereum

The flagship altcoin, Ethereum (ETH), has been consolidating within a narrow range in the past few weeks. Analysts forecast a price pump is coming that could take it to $4.9k in the coming days. Despite what looks like a massive increase in price, ETH’s gains cannot compare to the recent 600% price pump of IntelMarkets (INTL).

Bannner
Bannner

Boasting more advanced AI features than all the CEXs in the market, industry experts believe INTL could extend its gains by more than 10x, outperforming top crypto coins like Cardano (ADA), which is expected to pump to $1.5 by Christmas.

Ethereum (ETH) Aims For $4.9k As Bulls Hold Critical Support

CryptoJobs3 believes the value of the Ethereum coin could surge to $4.5k in the coming weeks. They posted an accompanying chart, which showed the altcoin has support around the $3,800 level. Losing this support could invalidate the price prediction.

Meanwhile, the Ethereum token has been closing the weekend on a green candle. VentureFounder forecasts the next 3W green candle could push the Ethereum price to $4,900. However, the analyst noted that there might be little resistance. Going forward, VentureFounder predicts the value of the altcoin might surge to $15k by May next year.

For now, CoinMarketCap data for Ethereum (ETH) showed it is consolidating between $3.8k and $3.9k. Its price has increased by 22.6% in the last month. The cryptocurrency's relative strength index is above 60, which is a sign that buyers are still in the market.

Cardano (ADA) Targets $1.5 By Christmas

Cardano (ADA), one of the top-performing altcoins last month, is currently grappling with bearish pressure. CoinMarketCap data shows the token is trading close to the $1 level. Selling pressure has been stiff in the past week as many investors attempt to claim profits.

Meanwhile, 69% of ADA holders are currently in profits, per data from IntoTheBlock. Only 22% are in losses, which is way lower than that of last year. TomDKirkpatrick forecast the Cardano price might surge to $1.50 by Christmas. However, the analyst noted that ADA must surpass the $1.23 resistance first.

Sssebi believes the altcoin price could retest the $1.25 level in the coming weeks. Looking ahead, another analyst posted their Cardano price prediction for the coming years. Crypto Spotter predicts that the Cardano coin could rally to $5-$7 at the peak of the bull run.

IntelMarkets Bringing Advanced Tools and AI Bots To Retail Traders

IntelMarkets (INTL) is disrupting the cryptocurrency space, integrating AI with DeFi solutions to bring powerful trading tools to the masses. Until now, they have been used only by institutional investors and market elites. However, these tools are gradually entering the hands of small traders, which means profound transformations in terms of making profits. 

IntelMarkets is the first exchange protocol to incorporate AI. At its center is the Rodeum-based AI trading bot, a self-learning engine that gets better with each trade. It studies market trends and can follow any strategy. By using this bot, traders can get the most out of their trading and leave their competitors behind.

That is not all. IntelMarkets is a dual-chain platform; it is compatible with Ethereum and Solana. This means that users can enjoy the speed and low fees of Solana while at the same time enjoying the smart contract capability of Ethereum, which makes it possible to give users a seamless trading experience that is both fast, secure, and reliable. 

At the moment, IntelMarkets is still in its crypto ICO stage but has increased by over 600% to reach a price of $0.064091. INTL is still considered an early investment opportunity because of its innovative project that could soon take over the trading market worth $36.5 billion.

Conclusion

Ethereum (ETH) and Cardano (ADA) are among the best altcoins to watch now. Their price movement in the coming days could affect their overall trajectory. Meanwhile, do not write off IntelMarkets yet. Although it is relatively new, analysts forecast it could be a time bomb waiting to see explosive gains.

Discover More About IntelMarkets:

Presale: https://intelmarketspresale.com/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets

 

Disclaimer:The information provided on the Website does not constitute investment advice, financial advice, trading advice, or any other form of advice, and you should not interpret any of the Website's content as such. Midday does not recommend that you buy, sell, or hold any cryptocurrency. Please conduct your own due diligence and consult with a financial advisor before making any investment decisions. Midday does not endorse or promote any such activities, and you access them at your own risk, fully understanding the monetary and legal consequences involved. Midday shall not be held responsible for any losses you may incur as a result of using any such apps or websites. Cryptocurrency products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for losses resulting from such transactions.