The post BTC Breaks Out Above $60K, Propelling BNB and AVAX – Is This New AI-Based Blockchain the Next Big Thing? appeared first on Coinpedia Fintech News
Bitcoin (BTC), the flagship crypto, once again broke out above $60,000. As expected, a bullish wave was sparked, driving demand for and fueling upticks in Binance Coin (BNB) and Avalanche (AVA). With more room for growth, these are altcoins to watch out for.
Meanwhile, IntelMarkets (INTL), a new AI-based blockchain, is in the spotlight. It has become the subject of much interest, given its novelty as a blend of AI, blockchain and DeFi. As it sets out to reshape the crypto trading scene, it has been hailed by industry experts as the next big thing.
IntelMarkets (INTL): The Next Big Thing?
IntelMarkets (INTL), a blend of AI, blockchain and DeFi, has become a subject of much interest. Hailed as a trailblazer by industry experts, it is a promising wave not to miss out on, considering its impending transformation of the $36 billion global crypto trading market.
In just a few weeks since its debut, over $360,000 has been raised in early funding, speaking volumes about investor confidence in its potential. Meanwhile, in the second stage of the ICO, a token costs just $0.018, promising over 10x gains on the launch date and a projected 65x rally after its debut.
Given the above, it is set to outclass top altcoins like Binance Coin (BNB) and Avalanche (AVAX). Regarding its appeal, it will be the first true modern-gen trading platform. Unlike conventional blockchains based on old models, its proprietary AI-based blockchain will be revolutionary. By integrating AI across all levels, it is a new DeFi project worth betting on.
Binance Coin (BNB): On the Upside
Binance Coin (BNB), a top-5 cryptocurrency, is on the upside. It gained traction after Bitcoin (BTC) soared above $60,000. Amid rising interest and demand, analysts anticipate further gains, making it an altcoin to watch out for.
The BNB price has been up over 1% on the daily charts, trading above the $540 support. This is part of a broader upswing—a 7% jump on the weekly charts. Meanwhile, a BNB price prediction suggests a rally above $600 before the end of Q3, making it a top crypto to invest in.
In recent developments, Binance, the largest centralized crypto exchange, confirmed its new Telegram mini-game, Moonbix. Aiming to capitalize on the play-to-earn buzz, millions of new users might be onboarded amid the promise of rewards and exciting gaming experiences.
Avalanche (AVAX): Tipped to Close Q3 Above 40
Avalanche (AVAX), a Layer-1 blockchain and altcoin, is also gaining momentum. As a DeFi platform, it allows the creation of dApps and stands out thanks to its high transaction output and scalability. Reflecting bullish sentiments, it trades on the upside.
It is one of the biggest winners in the past month, soaring over 14% on the monthly chart. The Avalanche price is above $23, up 1% on the weekly chart with plenty of room for growth. According to industry experts, it is on track for a rally past $40 in the coming days, placing it on investors’ radars.
This Avalanche price prediction has been stirring up much buzz and rightfully so. Considering it registered an annual peak of $60 during the March high, a Q3 close above $40 isn’t out of the question.
Conclusion
Binance Coin (BNB) and Avalanche (AVAX) gained traction as Bitcoin broke out above $60,000. Also gaining significant momentum is IntelMarkets (INTL), an emerging cryptocurrency. Approaching the $500,000 fundraising milestone, its impending transformation of the crypto trading market with AI makes it an investor favourite.