The launch of the Ethereum ETF brought a lot of excitement to the crypto market. Many believed that this would open the window for institutional money flows into this space. Recently, the Ethereum ETF crossed the $1 billion mark. However, the price of ETH has stagnated.
In this environment, traders are turning to various altcoins. Dogwifhat (WIF) and IntelMarkets (INTL) are some of them. Both could soon see big profits.
Ethereum ETF crosses $1 billion, but ETH price remains in limbo
SoSoValue data shows that the Ethereum ETF has reached a massive milestone: the BlackRock fund has surpassed $1 billion in net asset value. This is a big event as it happened two months after the launch.
Meanwhile, the price of ETH fell. CoinCodex shows that ETH is down almost 2% on the weekly chart. Ethereum (ETH) trades between $2,650 and $2,600. Not only that, ETH is trading below the 10-EMA ($2,609) and 100-EMA ($2,771).
With all this Ethereum news, a potential rise to $3,000 can't come soon enough. As a result, many traders are looking elsewhere for big returns – instead of the Ethereum crypto.
Dogwifhat (WIF) emerges as the main winner amid the altcoin rally
CoinCodex shows that the price of Dogwifhat (WIF) is up more than 35% on the weekly chart. Right now, Dogwifhat is trading between $1.70 and $2.50. Its market cap is also around $1.70 billion and $2.50 billion.
Cryptoanalyst Henrik Zeberg has recently turned his attention to this altcoin. In his X post, Zeberg told his followers that the Dogwifhat coin has broken out of its long ABCDE consolidation. He also predicts a possible rise to $80 for this altcoin soon.
Additionally, Dogwifhat is trading above the 10-EMA ($2.14) and 100-EMA ($1.90). Because of this Dogwifhat price prediction and technical indicators, many traders choose to focus on it.
IntelMarkets (INTL) to Redefine Crypto Trading
IntelMarkets (INTL) is a new altcoin that is making a lot of progress. It will disrupt crypto trading by launching a first-of-its-kind AI-powered smart trading platform. Moreover, people can enjoy the benefits of AI technology when they choose to become crypto traders. These benefits include self-learning trading robots, real-time data processing and advanced arbitrage.
Not only that, but its dual chain feature will make IntelMarkets a potential fan favorite. It supports both Ethereum (ETH) and Solana (SOL) blockchains. This dual-chain infrastructure will allow people to choose the blockchain they want based on their specific trading strategies or goals.
All these factors made people interested in pre-sales to IntelMarkets. INTL is now in the second phase of the pre-sale and is priced at $0.018. Experts predict a 10x boom for this altcoin soon.
Ethereum (ETH) continues to fall, Dogwifhat (WIF) and IntelMarkets (INTL) rise
While Ethereum (ETH) is stuck in limbo, Dogwifhat (WIF) and IntelMarkets (INTL) are on the rise. Traders note that these altcoins are growing faster than the giant. Additionally, since IntelMarkets will give people access to the AI market, which Statista estimates will be $826 billion by 2030, traders consider it the best altcoin to buy right now.
