It is another week of market downswing, with investor confidence taking a big hit. After losing key price levels, what will Ripple’s (XRP) and Avalanche’s (AVAX) next move be? A plunge or rebound?
Meanwhile, traders bet on IntelMarkets (INTL), an emerging cryptocurrency aiming to reshape the wider crypto trading scene. Besides its solid fundamentals, its significant upside potential is another of its biggest attractions.
Intel Markets (INTL): Traders Bet on the AI-Powered Exchange Protocol
IntelMarkets (INTL), one of the newest but promising ICOs, has taken the crypto world by storm. The presale recently went live, with over $220,000 raised in funding, outpacing most new ICOs. With traders doubling down, industry experts have also been giving bullish forecasts.
The global crypto trading market, expected to reach $347 billion by 2030, is riddled with several challenges. Noteworthy are limited asset pairs, low liquidity and unprofitable trades. Preparing to shake up this market, it will integrate AI into DeFi trading—an AI-powered trading platform.
Meanwhile, the smart contract has been audited by Cyberscope, proving it is safe and secure. In the first stage of the presale, it is ridiculously undervalued at $0.009, driving interest and demand. With a 50x uptick projected after its debut, it is a more compelling alternative than XRP and Avalanche.
Ripple (XRP): Down 5% on the Weekly Chart
Ripple (XRP), a top altcoin with a focus on cross-border transactions and payments, is one of the best tokens. As a top-10 cryptocurrency, it is among the most popular, attracting both the attention of retailers and institutional players.
However, the XRP coin plummeted amid the recent downswing, like the rest of the crypto market. In the past seven days, the XRP price has been down by almost 5%, falling from a high of $0.58 to $0.55.
Bullish analysts suggest a breakout above $0.6 in the coming days. While its next move cannot be accurately determined, the next few days will be interesting. Either way, it is an altcoin to keep on the radar.
Avalanche (AVAX): Retesting $18 or a Breakout Above $25?
Avalanche (AVAX) is a Layer-1 blockchain for decentralized applications (dApps) and one of the top altcoins. Its key role in the crypto scene makes it one of the most highly sought-after. In the year’s first quarter, it traded above $60, its annual peak.
However, following the ensuing market downturns, the Avalanche coin plummeted. On the weekly chart, it is down by 10% from the high of $24 to $21, largely due to the wider market decline.
An Avalanche price prediction making the rounds suggests a retest of the $18 support if $20 fails to hold. Meanwhile, optimists anticipate a breakout above $25 in the coming days.
Conclusion
Amid the recent decline in XRP’s and Avalanche’s prices and the uncertainty of their next move, Intel Markets is the latest investor favorite. Its significant upside potential drives interest, as has its impending transformation of the global crypto trading scene. To ride this wave, we recommend becoming an early adopter.
For the latest updates and information, visit the official Intel Markets Website.
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
