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SOL has reached $205.64 due to strong demand, while IntelMarkets captures attention with its AI-focused platform and impressive presale fundraising.

The SOL price peaked at an intraday high of $205.64 and a low of $187.82, indicating a robust recovery spurred by increasing demand and positive market sentiment regarding the proposed Solana exchange-traded fund. 

While Solana appears to be trending upward in the current session, IntelMarkets (INTL) is gaining traction with a considerable presale capital raise. The AI-driven platform is creating buzz in the bull market, boasting a low market cap and high return on investment potential. Consequently, INTL is being touted as a viable alternative to Solana.

Solana rebounds with SOL Price exceeding $200!

As of January 2, 2025, Solana is trading at $207, reflecting a 9% increase in the past 24 hours. This rise in SOL price follows a short consolidation phase, highlighting renewed investor confidence and enthusiasm.

The open interest in Solana futures contracts has surged to $3.42 billion, driven by increased investor participation. Perpetual contracts make up the majority with $3.4 billion in open interest, while traditional futures contracts represent $15.8 million.

In the last 24 hours, perpetual contracts saw a 10.67% increase, while futures contracts experienced a remarkable 85.59% surge, contributing to an overall 10.87% rise in total open interest. Among cryptocurrency exchanges, Binance leads with $1.7 billion in open interest, followed by Bybit at $1.1 billion and OKX at $520.5 million. 

On Binance, SOL’s price increased by 6.32% over the past day and recorded a 6.96% gain over the week. Coinbase and Kraken noted similar 24-hour price increases of 6.34% and 6.28% for SOL, respectively. 

Binance also leads in trading volume, with 56.1k SOL/ETH pairs traded in the last 24 hours, while Coinbase and Kraken registered 5.2k and 4.6k, respectively. The notable rise in SOL’s price and open interest underscores growing optimism among investors.

The 85.59% leap in open interest for Solana futures contracts indicates that more traders are betting on SOL’s price fluctuations. Open interest is often associated with robust market activity and confidence, suggesting that the market anticipates further price increases for SOL. The prevalence of perpetual contracts signifies that traders are actively exploiting SOL’s price volatility through short-term strategies.

This phenomenon highlights the relationship between heightened speculative activity and fundamental interest, both of which are propelling SOL price’s impressive performance. Awawat, a trader and angel investor at APG Capital, posted a compelling visual representation of Solana’s current market trends.

IntelMarkets: AI innovator raises $5.6 million in presale

IntelMarkets is an AI-driven DeFi platform poised to transform the $36 billion crypto trading landscape. INTL combines AI, blockchain technology, and DeFi to provide traders with an innovative method for maximizing profits. Having secured over $5.6 million from early investors, the IntelMarkets presale is generating excitement as experts acknowledge its disruptive potential.

Self-learning AI trading bots that can analyze vast amounts of data to adopt advanced trading strategies and achieve unparalleled efficiency distinguish IntelMarkets within the crypto industry.

IntelMarkets operates as a decentralized trading platform on both Solana and Ethereum blockchains, enhancing scalability, speed, and security. Its INTL tokens are being offered at an attractive entry price of $0.073 each during its 8th presale stage, with analysts forecasting a 10-15x return post-launch.

By assembling a team of former OpenAI and MIT professionals, IntelMarkets bolsters its credibility and drives unique innovation. The world now recognizes IntelMarkets as more than just another ICO; it is a revolutionary participant in the crypto ecosystem. With tangible support from both retail and institutional investors, INTL’s platform stands out as a substantial project that harnesses the best of AI technology.

For more details, visit the IntelMarkets presale website and engage with the community on Telegram and X.

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