The post AVAX Whales Pour $1.7M Into IntelMarkets While Cardano Struggles To Hold $0.90 appeared on BitcoinEthereumNews.com.

Avalanche (AVAX) whales have boldly invested $1.7 million into IntelMarkets (INTL) as confidence in AI-driven trading surges. Meanwhile, the Cardano price is struggling to maintain the $0.90 level, with ADA facing increased market pressure. As IntelMarkets continues its rapid expansion, fueled by institutional interest and cutting-edge AI technology, INTL’s growth potential remains undeniable, positioning it as a rising powerhouse in crypto trading. Avalanche Price Holds Strong as AVAX Prepares for Major Surge The Avalanche price is trading near its $30 support, with AVAX priced at $33.26. The altcoin has faced a minor 3% dip on the daily charts, while weekly and monthly charts report a 9% decline. Despite the downturn, the AVAX community remains optimistic, thanks to Avalanche’s strategic collaborations. A recent partnership with DYOR has cut transaction fees by 96%, making blockchain transactions more affordable. Additionally, Avalanche’s collaboration with AWS has led to significant cost reductions and expansion, fueling investor confidence. The high “Greed” index score of 75 indicates growing bullish sentiment. Analysts are bullish on AVAX’s future and predict the Avalanche price will hit $100 by the end of 2025. Cardano Price Holds Steady as Binance Suspends ADA Deposits for Hard Fork A recent ADA update from Binance stated that deposits and withdrawals on the Cardano network would pause on January 29, 2025. This move comes ahead of the Plomin hard fork, a crucial upgrade designed to enhance Cardano’s governance framework.   The Plomin hard fork is the second phase of the Chang upgrade, renamed in honor of Cardano community contributor Matthew Plomin. While deposits and withdrawals will pause, trading on Binance will continue without interruption. The suspension will continue till the upgrade is finished and the network is stable. The Cardano price sits at $0.93, down 3% over the past twenty-four hours. Nevertheless, analysts remain bullish and expect…

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Filed under: News - @ January 31, 2025 10:25 am