Two major blockchain platforms, Ethereum and Cardano have recently recorded a drop in their network activities. This decline now has ETH and ADA at risk of incurring more price drops.
On the other hand, Intel Markets has been attracting traders owing to the fact that it has AI integrated features and a strong perpetual trading platform. Based on its growth rate, market experts are tipping Intel Markets to lead the bull run of September.
Weak Ethereum Network Activity and Spot ETF Outflow; ETH Risk Decline
Ethereum (ETH) is the pioneer of the decentralized applications (dApps) space thanks to its innovation of smart contracts. Despite the Ethereum blockchain leading the dApp space, it has recorded a 33% drop in dApp volumes. Also, the recently launched Ethereum ETFs have been bearish.
The total ETH ETFs have seen $30 million net outflows since August 9, according to data from Farside Investors. The Ethereum price has failed to form a support above the $2,650 support. For most of August, the market cap of ETH has been between a tight range of $270 and $320 billion.
As a result, a bear flag can be seen on the ETH daily chart. The position of Ethereum’s relative strength index (RSI) at around 37 also indicated that the market conditions still favor the downside. If the $2,500 support fails to hold, a breakdown to $2,200 could happen.
Cardano (ADA) Falls Out of Top 10, Amidst Calls for Chang Upgrade
The latest Cardano news is similarly bearish. Known for its sustainable and scalable blockchain platform, Cardano has now dropped out of the top 10 cryptocurrencies ranked by market capitalization. Over the last month, the market cap of the coin has dropped from $16.1 billion to $12.2 billion.
Since January, the Cardano price has been steadily declining, failing to rally along with the rest of the crypto market. The decline stems from a drop in market dynamics and weak investor sentiment. The only positive Cardano price prediction is based on the launch of its Chang hardfork.
There is optimism about the Chang upgrade because it will usher in the Voltaire era. This new era will move the network closer to a fully decentralized system. Based on this, traders expect the Cardano price to recover back above $0.400.
Intel Markets Excites Traders With New AI-Powered Trading Platform
Intel Markets is an AI-powered trading platform seeking to revolutionize crypto trading with the use of AI tools. It has a dual-chain architecture, meaning users can benefit from the best of Solana and Ethereum blockchains.
The trading platform also boasts of several advanced automated monitoring and trading tools that traders can use to get the best trading results. In addition, the can leverage its copy trading feature to copy trades from over 1,200 successful traders on the platform.
As a perpetual trading platform, Intel Markets gives its users access to several different assets. Currently, it is in the first stage of its presale, and the price of its native coin is only $0.009.
Why Experts Think Intel Markets Will Outperform Cardano and Ethereum
As Ethereum and Cardano are going through tough times, traders turn to Intel Markets. The platform boasts advanced features, which are accompanied by great customer support and security, leading experts to suggest that it will grow a strong user base.
Intel Markets will be well positioned to become an industry powerhouse in trading, giving consumers a new choice to traditional exchanges. As this happens, experts are certain that its native token can skyrocket to trade as high as $0.50 before the year ends, making it a better option than ETH and ADA.
Discover More About Intel Markets:
- Presale: https://intelmarketspresale.com/
- Telegram: https://t.me/IntelMarketsOfficial
- Twitter: https://x.com/intel_markets
The post Ethereum and Cardano Face Decline Amidst Weak Network, Intel Markets Attract Traders With Advanced Trading Features appeared first on Blockonomi.
