A surge in SOL value and an AI gamechanger stealing the spotlight
With a noteworthy upturn in demand, SOL scores a price of $205.64. Alongside, IntelMarkets leaps forward, grabbing attention with its platform driven by Artificial Intelligence and a massive presale raise.
Solana’s recovery: Price of SOL soars above $200
The intraday high of the SOL price witnessed a significant boost and touched $205.64, while the lowest point of the day was $187.82. This considerable high-low range indicates a powerful rebound, propelled by increasing demand and positive market sentiment in relation to the anticipated Solana exchange-traded fund.
Despite Solana’s bullish performance in the present session, IntelMarkets (INTL) is gaining more traction with a substantial presale raise. Its Artificial Intelligence-powered platform is creating an impact in the bull market with its low cap and high Return on Investment (ROI). Consequently, INTL is being referred to as a viable Solana alternative.
Solana surges back with SOL crossing the $200 threshold
On January 2, 2025, SOL is witnessing a trade price of $207, which signifies a 9% surge in the preceding 24 hours. This increment in SOL price comes after a momentary stabilization phase, showcasing revived investor trust and positivity.
The open interest in Solana contracts has escalated to a substantial $3.42 billion. This substantial surge is driven by the increased engagement of investors. As it stands, perpetual contracts have taken center stage with a massive $3.4 billion of open interest, whereas futures contracts account for $15.8 million.
In just 24 hours, perpetual contracts have seen growth of 10.67%, while futures contracts have witnessed a considerable 85.59% increase. This growth is contributing to a general 10.87% rise in total open interest. Among cryptocurrency exchanges, Binance is leading the pack with $1.7 billion in open interest, trailed by Bybit at $1.1 billion and OKX at $520.5 million.
On Binance, the price of SOL has risen by 6.32% in the last 24 hours and has recorded a 6.96% appreciation in the past week. Comparable 24-hour increments of 6.34% and 6.28% have been reported by Coinbase and Kraken for SOL price respectively.
In terms of trading volume too, Binance holds the lead with 56.1K SOL/ETH pair trades in the last day. Coinbase and Kraken follow suit with 5.2K and 4.6K, respectively. This sharp upswing in SOL price along with the rising open interest signifies increasing investor optimism.
The 85.59% surge in open interest for Solana’s futures contracts suggests that an increasing number of traders are betting on the price movement of SOL. Open interest is typically associated with robust market activity and confidence, signifying market anticipation for further upside for SOL price. The dominance of perpetual contracts reflects the active strategies of traders seeking to leverage SOL price volatility.
IntelMarkets: A Gamechanging AI platform secures a $5.6 million presale
IntelMarkets, an AI-driven DeFi Platform, is all set to revolutionize the $36 billion crypto trading market. By seamlessly integrating AI, blockchain technology and DeFi, IntelMarkets offers an entirely novel method for traders to amplify their profits. Managing to raise an impressive $5.6 million from its initial backers, IntelMarkets’ presale offering is creating quite a stir amidst experts recognizing its game-changing potential.
The introduction of AI-powered trading bots, capable of processing an enormous amount of data to implement sophisticated trading strategies with unprecedented efficacy, is what sets IntelMarkets apart in the crypto sector.
As a decentralized trading platform operating on both Solana and Ethereum blockchains, IntelMarkets achieves scalability, speed, and security. In its 8th presale stage, it is offering its INTL tokens at a competitive entry price of $0.073 per token. Analysts project a 10-15 times increase post-launch.
Adding to its credibility, IntelMarkets has managed to attract a team of former OpenAI and MIT professionals, thereby showcasing unique innovation. The platform is no longer perceived as just another ICO, but rather, a game-changing force in the crypto realm. With actual support from retail and institutional backers, INTL’s platform is a robust project that offers the best of AI.
For more information, one can visit the IntelMarkets presale website and join the community on social media platforms.
