SHIB and PEPE are both top memecoins that have experienced explosive growth in the past year, attracting millions of crypto investors. However, as the cryptomarket evolves, new tokens with stronger fundamentals have emerged as competition to these contenders.
With the recent bearish price actions of Shiba Inu and PEPE, many holders are migrating to a viral AI altcoin that has captured the spotlight with its ongoing presale and the upcoming launch of its exchange. In this article, we will explore why investing in this altcoin could be the best move right now.
Shiba Inu Burn Rate Surges Amid SHIB Price Decline
Shiba Inu dropped over 5% due to the decline in investor interest over the past week. SHIB recently hit a key resistance level but failed to establish a decisive breakout above it, dropping back to its current price at $0.00001545.
During this same period, the trading volume of SHIB witnessed a significant drop, falling over 23% to $160 million. The token has seen an intraday low of $0.00001539, while its investor sentiment has shifted toward the bearish zone. According to analysts, if Shiba Inu had broken past its resistance, it could’ve witnessed a bullish rebound.
The latest data from Shibburn reveals that the burn rate skyrocketed by 381% in the past 24 hours, resulting in 14.27 million SHIB tokens being permanently removed from circulation. This is a strategy that the SHIB community is employing to reduce supply, aimed at positively impacting Shiba Inu price movement.
PEPE Price Drops As The Market Loses Interest In Memecoins
Just like Shiba Inu, PEPE is currently on a bearish trajectory, with the Fear and Greed index gradually shifting from the neutral to the bearish zone. PEPE is trading below the 200-day SMA, with only 13 green days recorded in the last 30 days.
The current price decline is due to the decreased interest from the broader crypto market in memecoins. As a result, PEPE holders are selling off their holdings.
Analysts suggest that unless PEPE’s price closes daily candles above the $0.000001533 level, the decline may continue toward the $0.000001187 support range. This support range is identified between $0.000001187 and $0.000001019, and a reversal from this zone could target the $0.000001533 level.
INTL Presale Rallies, Influenced By IntelMarkets’ Upcoming Exchange Launch
As SHIB and PEPE holders liquidate their assets, many are redirecting their funds into the exciting presale of the viral AI altcoin, INTL. Since its launch in late 2024, INTL has captured considerable attention, raising over $9 million to date.
Currently in Stage 9 of its presale at just $0.082 per token, INTL offers users robust utility on its native exchange, IntelMarkets. Holding INTL grants users access to advanced AI trading tools and agents designed to help them mitigate potential trading risks and achieve their trading goals.
IntelMarkets also features a portfolio management tool which shows users a consolidated tradingview of their assets across the exchange, showing the platform’s commitment to transparency. The platform’s dedication to security is underscored by its regular smart contract audits and KYC verification conducted by Codeum.
Additionally, INTL Supply is limited to only 2,000,000,000 tokens. This means that holders stand a chance to enjoy gains of over 20,000% as INTL’s market cap grows. Even better, INTL employs democratized access unlike competitors. This means that every investor has a fair shot at benefitting from the price increase and growth of the platform.
Analysts also believe that INTL could officially launch alongside the exchange, potentially driving a price rally of over 50x for the token. Savvy investors are seizing the opportunity to participate in the presale before this launch. Don’t miss out!
Join the Movement:
Buy Presale
Visit Intel Markets (INTL)
Join The Intel Community
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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