The post New Intel Markets Presale Shines, Raising $140k in Days as Solana and BNB Coin Recovery Hit a Wall appeared on BitcoinEthereumNews.com.

Advertisement &nbsp &nbsp Over the last few months, the crypto market has witnessed mixed performances. After a week of an uptrend, the prices of Solana and Binance Coin have tumbled, stalling the recent recovery efforts. On the other hand, Intel Markets, a new presale project, has raised an impressive $140,000 in just days. This unexpected turn of events has left many eager to participate in the success of this new AI-powered trading platform. Solana (SOL) Funds See $39 Million in Outflows, Price Weakens The latest CoinShares weekly digital asset fund flows report revealed something concerning for Solana (SOL) holders. The crypto saw over $39 million in outflows. This is the biggest week of outflows on record for Solana funds. According to some analysts, the selling is due to growing concern about the Solana blockchain’s “heavy reliance on meme coins.” While these are speculations, the Solana price has dropped below its 50-day and 100-day simple moving averages (SMAs). While Solana’s market cap has increased back over $65 billion from a low of $52 billion, it’s still significantly lower than its monthly high of $76 billion. The Solana price prediction from Changelly, SOL, is that it could hit $167 by mid-September.  Advertisement &nbsp Binance Coin Open Interest (OI) Rises, But BNB Faces Rejection  The Open Interest (OI) of Binance Coin (BNB) suggests a big move is approaching. The open interest of BNB has surged above $560.10 million, the highest level recorded since July 4th. The increase in OI indicates many are expecting a price increase. There has also been some improvement on the Binance Coin price USD chart. The market cap of BNB has increased from a 30-day low of $52 billion to $80 billion. While this suggests bullish activity, Binance Coin hit a roadblock at the 100 Simple Moving Average ($573.8). As…

---

Filed under: News - @ August 24, 2024 7:08 pm