Disclaimer: This article is not intended as investment advice. The information and materials presented on this page are solely for educational purposes.
SOL reaches $205.64 amidst strong demand, while IntelMarkets captures interest with its AI-focused platform and significant presale success.
The price of SOL peaked at $205.64 and dipped to $187.82, illustrating a robust rebound driven by increasing demand and positive market sentiment regarding the proposed Solana exchange-traded fund.
While Solana exhibits a bullish trend in the current session, IntelMarkets (INTL) is making headlines with an impressive presale initiative. The AI-powered platform is gaining traction in the bull market with its low market cap and high ROI potential, leading many to consider INTL as an alternative to Solana.
Solana makes a comeback with SOL Price exceeding $200!
As of January 2, 2025, Solana is trading at $207, reflecting a 9% rise over the past 24 hours. This increase in SOL price follows a brief consolidation period, showcasing renewed investor confidence and optimism.
Open interest in Solana futures contracts has surged to $3.42 billion, driven by increased investor participation. Perpetual contracts dominate the market with $3.4 billion in open interest, while futures contracts contribute $15.8 million.
In the last 24 hours, perpetual contracts rose by 10.67%, while futures contracts experienced a significant 85.59% surge, leading to an overall 10.87% increase in total open interest. Among crypto exchanges, Binance leads with $1.7 billion in open interest, followed by Bybit at $1.1 billion and OKX at $520.5 million.
On Binance, SOL’s price grew by 6.32% in the last 24 hours and recorded a 6.96% gain over the past week. Coinbase and Kraken reported similar 24-hour increases, with SOL’s price rising by 6.34% and 6.28%, respectively.
Binance also leads in trading volume, with 56.1k SOL/ETH pairs traded in the last day, while Coinbase and Kraken follow with 5.2k and 4.6k, respectively. The sharp uptick in SOL’s price and open interest signifies mounting optimism among investors.
The notable 85.59% increase in open interest for Solana futures contracts indicates a growing number of traders are betting on SOL’s price fluctuations. Open interest often correlates with vigorous market activity and confidence, suggesting that the market anticipates further gains for SOL price. The predominance of perpetual contracts illustrates traders actively leveraging SOL’s price volatility through short-term strategies.
This trend highlights the connection between heightened speculative activity and fundamental interest, both propelling the SOL price’s strong performance. Awawat, a trader and angel investor at APG Capital, shared a compelling visual depiction of Solana’s current market dynamics on Twitter.
IntelMarkets: The AI game changer secures $5.6 million in presale
IntelMarkets is an AI-driven DeFi Platform poised to transform the $36 billion cryptocurrency trading sector. INTL integrates AI, blockchain technology, and DeFi to provide an innovative approach for traders to enhance their profits. With over $5.6 million raised from early supporters, the IntelMarkets presale is creating a stir as experts acknowledge its revolutionary platform.
Self-learning AI trading robots, capable of processing vast data to formulate advanced trading strategies and achieve unmatched efficiency, differentiate IntelMarkets in the crypto landscape.
This decentralized trading platform operates on both Solana and Ethereum blockchains, ensuring scalability, speed, and security. INTL tokens are available at a low entry price of $0.073 each during its 8th presale stage, with analysts forecasting a 10-15x increase upon launch.
By assembling a team of former OpenAI and MIT experts, IntelMarkets bolsters its credibility and introduces unique innovations. The global community is beginning to recognize that IntelMarkets is not just another ICO but a transformative force in the crypto space. Backed by both retail and institutional investors, INTL’s platform represents a strong project harnessing the power of AI.
For more details, visit the IntelMarkets presale website and connect with the community on Telegram and X.
Disclaimer: This content is published by a third party. crypto.news does not endorse any product mentioned herein. Users are encouraged to conduct their own research prior to engaging with any entity related to the company.
