BNB Chain Launches New Cross-chain Bridge As SHIB Gets Warning, Intel Market Set To Impact Perpetual Futures Trading

BNB Chain has released a new cross-chain bridge. The aim is to improve blockchain interoperability. Also, Shiba Inu’s marketing lead has asked

BNB Chain has unveiled a new cross-chain bridge in collaboration with Celer, deBridge, and Stargate. This bridge aims to enhance blockchain interoperability, enabling seamless cross-chain transfers from other blockchains to BNB Chain.

The initiative is geared towards supporting developers and startups in building the global web3 universe. Additionally, BNB Chain is establishing a liquidity pool to facilitate efficient cross-chain transactions.

Meanwhile, on the price front, Binance Coin crypto is showing bearish signs on the weekly and monthly timeframes. The cryptocurrency's price is fluctuating within a range of $400 to $600.

The bearish sentiment has pushed Binance Coin BNB below the 50-day SMA at $550.35. However, despite the bearish trend, experts believe that the cryptocurrency's price is set to increase soon. They anticipate that Binance Coin price could reach $724 soon.

Shiba Inu (SHIB) Marketing Lead Issues Warning To Community

The marketing lead of the Shiba Inu team, known pseudonymously as Lucie, posted a message for the memecoin and crypto community. Lucie offered a word of advice to the Shiba Inu community, stating, “Everybody likes memes and meme coins, but remember to DYOR.”

DYOR stands for Do Your Own Research. According to her, there is no friend in the crypto space and everyone has to watch their back.

This warning comes as Shiba Inu coin faces selling pressure. According to data from CoinMarketCap, the price of the cryptocurrency has dropped by 17.9% on the monthly level.

However, analysts expect Shiba Inu price to increase in the next few weeks. According to them, the only obstacle in the memecoin’s way is the 50-Day SMA at $0.00001564.

Intel Markets To Make a Mark in the Perpetual Futures Market

A new crypto trading platform, Intel Markets (INTL), is set to connect crypto traders to the perpetual futures market. Interestingly, the perpetual futures sector is a very large market.

The sector had a daily trading volume of $100 billion as of 2022. This signal shows the sector is broad and has high liquidity.

benefits like 24/7 trading, high liquidity, access to risk management tools, and high leverage of up to 1000x. With the features above, Intel Markets users can enjoy a smooth time trading perpetual futures.

In addition, Intel Markets has an AI trading bot that traders can use to monitor the market and get profitable trades. Also, there are advanced trading tools like advanced charting software and a real-time market data monitor.

To enjoy these features and more, investors need to have the INTL coin. It is currently priced at $0.009. Analysts forecast it will increase by 1,100% after listing.

Can Intel Markets Match the Growth of the Shiba Inu Crypto?

While SHIB may have had one of the most impressive growths in the crypto market, analysts expect Intel Markets to perform better. This is because Intel Markets is tapping into a large industry with more potential than memecoins.

Analysts believe its features position it as a good project to see immense growth in the coming months.

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