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With the recent lacklustre Ethereum price performance in the DeFi market, its foundation directors and users are now challenging their attention to AI cryptos, specifically NEAR and IntelMarkets. As AI weaves deeper into blockchain technology, the lines between innovation and investment are blurring.
As a result, traders, who are starting to see the appeal of these AI-oriented cryptos are now left wondering if they are witnessing the next big leap for the crypto industry. Let's find out.
According to data on Ethereum Price charts, ETH is holding steady around $2,300 after a sharp 20% drop over the past seven days. Within that time, the ETH bottomed out at $2,255. Many Ethereum price experts and foundation directors were surprised by ETH hitting this level, as the Ethereum price charts had not revealed price dips to that point since October 2024.
Despite the shake-up, Ethereum price analysts believe that there is a flicker of hope. The ETH derivatives market is already showing signs of strength which is a huge hint that the Ethereum price could possibly climb back to $2,800.
However, getting there won’t be instant and it could take weeks or even months. These price drops are why ETH’s backers are considering NEAR and INTL as better investment options.
In November 2024, Near Protocol introduced Intents which is a brand new way for NEAR users to connect Artificial Intelligence (AI) with real-world transactions. The Near Protocol’s team designed this framework to make DeFi simpler by allowing multi chain transactions without the hassle of bridging or wrapping tokens like NEAR.
Since this Near Protocol’s Intents was created, over 1,300 wallets have completed more than 12,100 swaps using it. The top three chains leading this Near Protocol revolution are ETH, NEAR, and SOL. With NEAR being a huge contributor to this, the total transaction volume closed in on $10 million.
With this new ecosystem upgrade, Near Protocol users believe that NEAR’s price growth will be positively influenced. Historically, similar upgrades to the Near Protocol network have pushed NEAR to new all-time highs and have boosted its reputation in the crypto and AI industries.
AI is transforming industries across the globe, and the crypto trading world is no exception. IntelMarkets is leading this charge as the first native AI blockchain platform designed to bring enterprise-level analytics straight to retail traders.
With real-time data tracking, automated trading bots, and AI-powered insights, IntelMarkets is changing the way traders interact with crypto. Its Intell-M Channel Analysis tool scans over 10,000 data sources that offers traders a smooth technical analysis and TradingView integration to keep them one step ahead.
This way, traders who use IntelMarkets' platform no longer have to rely on their gut feelings before they make trades. Unlike other platforms in the DeFi space, security isn’t an afterthought for IntelMarkets. The platform's Quantum X Wallet introduces the first quantum-proof crypto custody solution which protects assets from future cyber threats.
To strengthen its defenses, IntelMarkets uses the Route X21 tool to deploy impressive cryptographic techniques, which will shield its blockchain from quantum computing risks. The functionality of IntelMarkets is powered by the INTL token.
Right now, the token is available through IntelMarkets’ presale at just $0.092 per token. Ready to enjoy the amazing benefits IntelMarkets has to offer? Join the presale today!
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
