While SUI and Ripple (XRP) are facing losses, an emerging star is here and stealing the spotlight for all the right reasons. We are talking about IntelMarkets (INTL) which is an AI-powered project, taking over the crypto trading world with its revolutionary approach.
But there’s one question that has been roaming in everyone’s mind. There have been many AI-powered projects in the past as well, but what’s behind IntelMarkets (INTL) that’s driving the investors crazy?
Well, continue reading this as we are diving into the INTL phenomenon that has got SUI and XRP looking over their shoulders.
XRP’s Breakout Potential: Can It Break $0.61?
For most of the month, Ripple’s XRP has been trapped in a narrow trading range. The cryptocurrency has had trouble breaking through the $0.61 resistance level since August 9 and has consistently found support at $0.58. This range-bound trend has brought XRP to a key juncture, with traders looking for signs of a breakthrough or a collapse.
That being said, there is some hope because XRP is now above several significant moving averages. As of right now, the price of the cryptocurrency is above both its 50-day SMA and 20-day EMA. For evaluating both short- and long-term trends, these indicators are essential.
Trading above these moving averages indicates that, despite XRP’s sideways pattern, positive sentiment still prevails over bearish forces.
If XRP can break the current barrier at $0.61, it has the ability to reach $0.66. The potential of such a rally is supported by the positive outlook in the futures market and the cryptocurrency’s position above significant moving averages.
Sui (SUI) Faces Headwinds, Price Drops 20%
SUI token has had a severe turnaround, losing half of the gains from last week and plummeting for three days in a row. With its market value now at $2.1 billion, Sui (SUI) fell to $0.90 on Wednesday, August 28, a 20% decrease from its peak this past week.
Its decline occurred after Bitcoin (BTC) lost strength and sank to $62,000. Other assets that surged following Jerome Powell’s dovish tone have also retreated, with the Nasdaq 100, S&P 500, and Russell 2000 indexes tumbling by more than 30 basis points on Monday.
SUI, like most currencies in the Binance launch pool, has failed to live up to its expectations, falling over 60% from its peak this year. SUI still has a long way to go
IntelMarkets (INTL) – AI-Powered Revolution with 50x Potential
A new emerging cryptocurrency IntelMarkets (INTL) seems to have tremendous growth potential, which is making it outperform more well-known projects like Ripple (XRP) and SUI.
IntelMarkets (INTL), after the success of its private seed funding round opened its doors for public by launching stage one of their presale. The presale is going on in a momentum that is a never-seen-before type. They raised over $175,000 within the first few days of the presale, indicating that its massive potential.
They are committed to transform the global crypto trading sector which is worth $36 billion by incorporating artificial intelligence (AI). With its cutting-edge platform, this AI-powered smart trading system gives traders access to processing power which will revolutionize how we trade crypto.
After IntelMarket’s official launch and listing, experts estimate a 50x increase, making it one of the greatest new cryptocurrencies to invest in.
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