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ETH Gas Fee Plummets; TRON to $0.5? Why Intel Markets is a Must-Have Coin

August 21, 2024 By Crypto Reporter

Ethereum’s gas fee recorded a new all-time low earlier this week, hitting 2.9 Gwei, resulting in its lowest burn rate ever and impacting price. Meanwhile, TRON (TRX) has been one of the surprising winners of late, racing toward $0.5. Market sentiments have been mixed as a result.

At the same time, attention has been shifting toward innovative and fundamentally solid altcoins amid a jump in interest. Taking the front seat is Intel Markets (INTL), a new entrant hailed as a must-have coin given its blend of AI and crypto trading.

IntelMarkets (INTL): Transforming the Crypto Trading Market

Intel Markets (INTL) takes a unique approach to crypto trading by combining AI and advanced trading tools and features. It has been hailed as a must-have coin as a result, given its impending transformation of the $36.5 billion global crypto trading market.

The presale recently made its debut but almost 20% of the tokens in the first stage have sold out, highlighting growing demand for innovative projects. A token currently costs only $0.009—a low entry point—with its projected 100x upswing post-launch further contributing to its appeal.

However, it offers more than just gains. It aims to compete with established players, hailed as the future of crypto trading, thanks to offerings like 1,000x leverage, advanced trading tools, multi-channel analysis and copy trading. With adoption imminent, it has been tipped to become one of the year’s most impactful projects, alongside Ethereum and TRON.

Ethereum (ETH): Gas Fees Tumbled

Ethereum (ETH) is the second-largest cryptocurrency by market capitalization and the leading DeFi platform. The Ethereum blockchain introduced smart contract compatibility following its launch in 2015, which can be linked to its growth and adoption.

In recent news, Ethereum recorded its lowest-ever gas fee earlier this week, according to data from Cryptoquant. The ETH daily mean gas price reached an all-time low of 2.9 Gwei or $0.85. The implication is a sharp decline in burn rate, coinciding with an underwhelming price action.

Nevertheless, a bounce is anticipated in the Ethereum price, despite the 20% decline in the monthly timeframe. Huge inflows into Ethereum ETFs, plus an overall market rally, will be crucial to the next leg of its bull run, potentially revisiting $3,000 in the coming weeks.

TRON (TRX): Road to $0.5

TRON (TRX) has been one of the most surprising winners of late, registering significant upticks. The Layer-1 token is one of the month’s biggest highlights, outclassing many top altcoins.

In the past month, the TRON price saw a 6% jump. More impressive is its weekly chart, up by over 10%. This upswing is believed to be the start of a big leap toward $0.5 and a new all-time high.

The coming days will determine if the TRON crypto will see sustained bullish momentum or a reversal. But as it stands, smart money seems to be betting on TRX and all eyes are on it. Grabbing a bag around the $0.15 level might prove to be a great move.

Conclusion

While Ethereum’s gas fee plummets and TRON regains momentum, IntelMarkets emerges as a must-have coin. This up-and-coming altcoin is set to shake up both the crypto trading niche and the wider cryptocurrency landscape, making it a new DeFi project to watch out for in the coming months.

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

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Filed Under: General News, News

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