The market’s on a wild ride this week. While established players like Solana (SOL) and Shiba Inu (SHIB) face a potential price meltdown, a new kid on the block, IntelMarkets (INTL), is making waves with a revolutionary solution to a looming threat: quantum computers cracking blockchain security! Let’s see how.
Solana’s (SOL) Surge Threatened by Whale Activity: Will History Repeat Itself?
Solana (SOL) has lately seen significant price hikes. On September 18, SOL traded at $127.25. But this week, Solana (SOL) has risen to $155.03, a 5% increase in seven days. The whale takes advantage of this bullish momentum by unstacking enormous amounts of SOL tokens.
Interestingly, this is not the first time the whale has made such a move. Lookonchain data reveals that this whale had previously engaged in similar behavior.
According to reports, their earlier transactions resulted in a 24% Solana (SOL) price drop. Between June and July, the investor dumped 1.2 million Solana (SOL) tokens. Before the transaction on June 7, the coin was worth roughly $172. Now the same whale is attempting to make a similar move. This might indicate another price correction in the coming days.
There is also the possibility of more negative pressure because Solana (SOL) is being sold from the FTX bankruptcy estate. Two weeks earlier, the estate unstaked and relocated $1 billion worth of Solana (SOL) in preparation for the sale of other assets. With the estate still holding $1 billion in Solana (SOL), the market might see extra selling pressure very soon.
Shiba Inu (SHIB) Price Dips – Can It Bounce Back Amid Network Activity Slowdown?
Shiba Inu (SHIB), a famous memecoin, has been under severe downward pressure since it recently approached the $0.0002167 barrier; the price is now facing a three-day negative streak. The Shiba Inu is now trading at $0.00001799 as of press time, down 2.87% over the last 24 hours and more than 16% from the $0.00002167 barrier.
This negative price movement is also consistent with Shibarium, the layer-2 scaling solution, slowing down. When Shibarium first came out, it was thought to spark a price rebound for SHIB, but new data presents a bleak picture.
The Shibarium network’s important indicators, including daily transactions, new accounts, and contracts, have drastically declined since September 27, which has added to the bearish attitude around the token.
Concerns about an eventual rebound of price momentum for Shiba Inu have been expressed by traders and experts in response to this halt in network activity. The cryptocurrency is now aiming for the $0.0000161 price level as the next possible support zone since it is susceptible to additional drops due to its inability to break over the $0.0002167 barrier.
Quantum Apocalypse? IntelMarkets (INTL) Says No With Route X21 Protocol
The blockchain community is becoming concerned about the rapid advancements in quantum computing. Quantum computers, in contrast to the computers we use today, process data at rates fast enough to overcome existing cryptographic safeguards.
Modern blockchain cryptographic techniques like RSA and ECC won’t be able to withstand the strength of quantum computing. It is thus evident that there is a risk of quantum computers having the ability to breach blockchain security, reveal sensitive information, and bring down whole networks.
While established projects are thinking about how to fight this challenge, IntelMarkets (INTL), a relative newcomer to the crypto world, has already come up with a solution. It is an AI-powered trading platform, which is using its Route X21 protocol to combat the rising danger brought about by quantum computing.
It is the first DeFi exchange protocol with quantum resistance. Using $1 million in funding from partners in the MENA region, Route X21 will develop more robust security mechanisms to safeguard blockchain assets, going beyond what is currently possible with cryptography.
The Quantum-Proof Ledger (QPL), the initiative’s main component, is intended to maintain the security of blockchain systems as quantum power increases. Using state-of-the-art quantum-resistant algorithms, this unique ledger ensures that every transaction is protected from future quantum attacks.
INTL Presale Surges Past $760K – 12000% Gains Ahead?
IntelMarkets (INTL) is the viral sensation nowadays with cutting-edge features dropping every other day and its presale reaching new milestones one after another. Its recently launched public presale has surpassed a big milestone of collecting over $760,000 in funding and is all set to reach $1M by the end of October.
This ongoing presale is offering INTL tokens at a discounted price of $0.018 and is projected to give up to 12,000% gains upon official debut on major CEXs to all its early investors. Check it out now and be part of this groundbreaking revolution.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
