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Analysts believe Toncoin and Solana have peaked, pointing to a new underdog in the crypto market that is gaining attention.
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In the crypto space, once-dominant players like Toncoin (TON) and Solana (SOL) may have had their moment in the spotlight, but analysts are now shifting focus to a new contender: Intel Markets (INTL). This new underdog has been gaining popularity for its integration of AI into its trading platform.
So far, Intel Markets has raised over $1.15 million from investors who want to be part of its ecosystem. The goal of this new DeFi project is to raise this figure to $5 million before the end of this year.
Toncoin future outlook as Telegram mini app loses traction
By utilizing Telegram’s large audience, Toncoin is a platform that bridges the gap between ordinary users and Web3. The recent growth of the TON blockchain has been facilitated by incentives offered through Telegram-based tap-to-earn mini-apps
However, these games are losing attention and may not stimulate constant user participation in the future. So, there is a need for more complex and engaging applications to maintain momentum.
Meanwhile, the Toncoin crypto is still trading below the 50-SMA ($ 5.47) and 200-SMA ($5.47) as bears continue to gain ground in the market. The token enjoyed massive gains in July due to its affiliation with Telegram and a surge in the number of projects on the platform.
However, it appears the momentum surrounding the cryptocurrency has dropped over the past months, according to data from CoinMarketCap. Going ahead, analysts say the Toncoin price could rally to $6.34 in the coming trading sessions or even go as high
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Author: Guest Post
