Utility vs Memes: Can SUI and IntelMarkets defeat Shiba Inu with a 500% upswing?
Meme coins like Shiba Inu (SHIB), once celebrated for their community hype, are now facing real competition from projects with actual utility. As investors start valuing practical use over internet buzz, coins like SUI Blockchain (SUI) and IntelMarkets are gaining traction for their potential to deliver sustainable growth.
While SUI Blockchain (SUI) aims to develop practical blockchain-oriented solutions, IntelMarkets helps investors with AI-driven trading tools and analytics. Read the full article to understand more.
Shiba Inu (SHIB) – The hype powerhouse still thriving
The foray of Shiba Inu (SHIB) remains unsurprisingly at the helm. Despite being termed a meme coin, SHIB manages to sustain the interest of crypto enthusiasts with continuous enhancements. Recently, its team launched ShibaSwap 2.0 and introduced concentrated liquidity pools, migration, and extensive reward systems for users who promote smooth trading experiences.
On the other hand, the utility of Shiba Inu`s NFTs called the Shiboshis is being enhanced. Experts say these SHIB upgrades will not only create a new interest but also increase the loyalty of existing holders.
Analyzing the SHIB/USDT chart, Shiba Inu is attempting to consolidate the above key moving averages. A convergence between the 50-day and 100-day EMAs may signal potential breakout levels, supported by the high whale activity. Key levels to watch include support at $0.000017 and $0.0000165, with resistance at $0.0000182.
If Shiba Inu holds above these points, it could indicate a bullish trend. However, caution remains, as whale-driven spikes can lead to temporary SHIB momentum followed by profit-taking corrections.
At the same time, the SHIB trade activity narrowed by 194%. On this, the analysts cheered up, which was a good sign especially because there was optimism throughout the whole community. Some even argue that the current SHIB momentum might reach the traditional financial systems, potentially with an ETF which will increase its share and attract new investors.
Can SUI Blockchain (SUI) utility and real-world applications drive growth beyond memes?
SUI’s utility-oriented stance is an asset that most of the other ‘coins’ like Shiba Inu do not have. With an emphasis on speed, security, and scalability, SUI Blockchain (SUI) appeals to investors seeking stability and practical use, a sharp contrast to meme coins that often rely solely on popularity.
Not long ago, Sui Network updated the Forager, hacking up the staking rewards problem caused by an epoch transition error. The action worked effectively to restore the confidence of users in SUI Blockchain (SUI) as well as SUI’s image as a reliable platform. During the process of this resolution, trading volume increased by 25% to $625 million, demonstrating clearly that the users remained active.
Fundamentally, SUI Blockchain (SUI) price action suggests room for expansion. According to analysts, a breakout through the $2.36 resistance level will be significant given that the trading volume has increased by 134%, suggesting that there are movements in areas that are likely to go up.
If SUI Blockchain (SUI) manages to sustain a movement above $2.36, it will be on target to reach $5. But care is advised as, again, if the price declines below $1.59, SUI Blockchain (SUI) reversal situation is expected.
Why IntelMarkets might be the utility solution investors seek?
IntelMarkets (INTL) is a top-tier trading platform designed for serious investors. Backed by cutting-edge AI and its own Layer-1 Blockchain, it enables users to take advantage of the fast-paced market that most of the time, is too difficult to catch.
With its 1000x leverage, traders can control large positions with a small amount of capital. For example, if a $100 investment is made, it would be possible to earn up to $100,000 in a single trade, interesting for those looking to maximize returns.
Furthermore, the platform enables access to exclusive trading environments typically reserved for experienced traders. Thus users can tap into insights about breakout trends and lucrative arbitrage opportunities. Additionally, copy trading enables them to replicate successful strategies that are perfect for their growth and the expansion of their portfolios.
As of October 29, 2024, IntelMarkets is in Stage 4 of its presale. Currently, there are 9M+ tokens sold equivalent to 10.96% of the targeted amount. The prevailing round price is $0.03 and the next round will increase to $0.04.
On the financial side, IntelMarkets is well-positioned for growth. It has raised substantial funds from Fortune 500 investors and gained support from a sovereign wealth fund.
In the current unstable market, IntelMarkets is an option for those who want a practical use rather than a short-lived trend.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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