Intel’s Potential for Growth Could Outpace Cardano and Ethereum
The crypto market has witnessed a surge in new projects since the start of 2024, some of which have outperformed established players like Cardano and Ethereum in terms of price growth and future prospects.
One of the latest entrants that has managed to surpass Cardano and Ethereum is Intel Markets. Market analysts have expressed optimism for this new trading platform, predicting a potential price surge of up to 1,100%.
Founder of Cardano, Charles Hoskinson, recently enticed hackers with a $1 million challenge to hack Cardano’s latest security feature, Lace Paper Wallet. This move has ignited interest across the crypto market, with hackers attempting to crack the challenge before the deadline at the end of the year. Meanwhile, the Cardano price is slowly recovering from a market slowdown.
According to CoinMarketCap data, the value of Cardano coin has been fluctuating between $0.275 and $0.450, with a market cap ranging from $10 billion to $16 billion. Despite the current market conditions, some analysts remain bullish on Cardano’s potential for a significant price increase.
In a recent report, the on-chain analytics platform Crypto Quant revealed that the Ethereum network’s daily mean gas fee hit a low of 2.9 Gwei on August 18. This decline has been attributed to Ethereum’s Decun upgrade, which enabled l2 networks to process data on the Ethereum blockchain, resulting in a notable fee reduction. Despite this, the Ethereum price remains below the $4,000 mark, even after the approval of Ethereum ETFs.
Market cap data from CoinMarketCap indicates Ethereum’s market cap fluctuating between $250 billion and $450 billion. With positive market sentiment expected to return, Ethereum’s price could see further declines in the upcoming months, prompting experts to suggest exploring alternative options.
During the 2021 crypto market bull run, the overall market cap surged to $3 trillion before dropping to $2 trillion in a recent market correction. However, industry analysts anticipate another bull run on the horizon, potentially propelling the market cap back to $3 trillion.
Intel Markets aims to leverage the anticipated market growth by introducing a trading platform equipped with advanced AI solutions to address existing issues in crypto trading, such as fees, speed, and security. The platform’s dual-chain architecture combines Solana and Ethereum blockchains, offering traders access to Solana’s speed and low fees, as well as Ethereum’s diverse range of dApps, liquidity pools, and smart contracts. Investors have shown interest in Intel Markets, with analysts touting it as a promising contender in the market.
While Cardano and Ethereum have traditionally dominated the market, their recent growth has been uncertain, leading market experts to rally behind Intel Markets as a potential frontrunner in the industry.
