IntelMarkets (INTL): Why are Whales Accumulating This AI-DeFi Token Amidst Market Downturn?

The crypto market took a slight downturn as sentiment cooled. Toncoin (TON) and Cardano (ADA), two top altcoins, trade on the downside.

The crypto market took a slight downturn this week as sentiment cooled. However, two top altcoins, Toncoin (TON) and Cardano (ADA), are trading in the red.

Whales are doubling down on IntelMarkets (INTL) to ride the bullish wave in Q4.

Here's a closer look at the price action and why whales are showing keen interest in INTL.

The AI-DeFi altcoin IntelMarkets (INTL) is the latest on whales’ radars following the market’s downswing. Tipped to be one of this year’s biggest breakout stars, it is among the best presales. At a token price of $0.027 in the third stage, it offers a low entry to what is building up to be huge gains.

Standing at the crossroads between AI, blockchain technology, and DeFi, INTL is one of the most talked-about cryptocurrencies. Its unique offering is an AI-based trading platform and blockchain, standing out from conventional exchange protocols. It will integrate AI across all levels, with its trading robots designed to give access to top-notch strategies.

The cutting-edge Rodeum AI can identify market opportunities and automatically take positions that mirror users’ trading objectives. Interestingly, these trading robots can self-learn from their mistakes and real-time trading data, boosting their performance over time.

In light of the above, it is poised to be at the forefront of the $36 billion global crypto trading market. With investors in a frenzy to become early adopters of the future of crypto trading, the presale has been selling out fast. Over $900,000 has been raised in funding so far, aside from the $550,000 from Fortune 500 investors.

Toncoin (TON), created by Telegram, is now under the TON Foundation’s management. The payment-based cryptocurrency plays a key role in the Telegram messaging app and is one of the top altcoins.

Its growth this year has been remarkable—soaring from $2.3 to creating an all-time high of $8.24 in June. While there has been a 30% downturn since then, it remains one of the best coins to invest in. Following the recent market dip, the Toncoin price is on the downside.

On the weekly charts, Toncoin (TON) slumped 2%, trading at $5.4. While this has discouraged some, others have been stacking up, anticipating the next leg of its bull run. According to experts, it is on track for a jump above $10 before the year’s end.

Cardano (ADA) is a Layer-1 blockchain that employs the proof-of-stake (PoS) consensus mechanism. Its DeFi solution revolves around the creation of decentralized applications (dApps)—a popular name in the L1 ecosystem.

Mirroring the wider crypto market, Cardano (ADA) trades downward. The Cardano price slumped 6% in the past 7 days, sparking concerns. However, it maintains the $0.35 support, with analysts anticipating a reversal in the coming days.

Moreover, its outlook for the rest of the year is promising. A Cardano price prediction suggests it is on track for a swing above $1 before the year’s end. At the current price, it is among the best cryptos to invest in.

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