Relief Rally Explodes FTT Amid the Buzz Around FTX Repayments; INTL Eyes 5,500% Rally, SOL Targets $200

Relief is underway after the collapse of the centralized crypto exchange, FTX, in 2022 and the ensuing market dump. A United States court has ordered the bankrupt exchange to pay its customers $16 billion in relief.

United States court has ordered the bankrupt centralized crypto exchange, FTX, to pay its customers $16 billion in relief. This development follows the exchange’s spectacular collapse in 2022, which left many investors stranded.

As expected, the news of FTX’s (FTT) impending doom has sparked a surge in demand for the altcoin. However, some analysts believe this buying pressure could be a bullish catalyst, pushing Solana (SOL) and the viral AI crypto, IntelMarkets (INTL), to new highs.

Here’s a closer look at these three altcoins and how they might benefit from the $16 billion flowing into the crypto landscape.

IntelMarkets (INTL): A Projected 5,500% Rally

IntelMarkets (INTL) is the new AI-DeFi token and ICO that’s capturing investors’ attention. Its appeal stems from its unique combination of the world’s most bullish narratives—artificial intelligence and decentralized finance—and its massive growth potential.

This hype has contributed to a surging demand, as it has already raked in over $730,000 during its presale. Many are hailing it as 2024’s best presale and a new DeFi project to watch out for, especially with the staggering $16 billion inflows into the crypto space.

During the second stage of the ICO, a token will set you back only $0.018. Gearing up to challenge the dominance of top crypto coins and make its mark, it is tipped for a 5,500% rally after its debut—a promising wave you won’t want to miss.

Moreover, its integration of AI in transforming the 36 billion global crypto trading market makes it a strong contender against FTT and Solana (SOL). Its AI-powered smart trading platform will offer unmatched computing power and enterprise-grade AI tools and products.

One aspect that sets it apart is its dual-chain functionality, which allows the platform to support and operate on both the Ethereum and Solana blockchains.

FTX Token (FTT): 25% Upswing in 24 Hours; Time to Buy or Sell?

FTX Token (FTT) is making a comeback. As the native utility token of the derivative trading platform FTX, which launched in 2019 and filed for bankruptcy in 2022, FTT has had its ups and downs. It recently re-entered crypto’s top 100 following the buzz around creditors’ repayment.

This $16 billion repayment plan has instilled confidence in FTT, driving up demand and interest in the altcoin. On the monthly charts, investors have witnessed a 60% rally, pushing it to hit the $2 mark. Maintaining this momentum, the FTT price has soared over 25% in the past 24 hours, outperforming most top altcoins.

However, analysts remain divided on whether or not this is a dead cat bounce. The coming days will determine whether to hold long or short positions. Amidst this, FTT is an altcoin to watch.

Solana (SOL): $16 Billion Inflows to Push it Past $200?

Solana (SOL), a leading DeFi giant, is poised to experience immense buying pressure. In addition to the “Uptober” enthusiasm, FTX’s $16 billion repayments to creditors may spark demand for the Solana coin. Given its strong fundamentals as a provider of DeFi solutions and services, it is one of the most sought-after tokens.

Already riding the wave around the Fed’s rate cut in September, SOL has emerged among the month’s top gainers. Over the past 30 days, the Solana price has skyrocketed by over 13%. An 8% uptick has also been observed on the weekly charts, trading above $150.

With the coming weeks and months set to be even more explosive, Solana (SOL) is one of the altcoins to keep on the radar. The $16 billion inflow might push it above $200 before the month’s end, positioning it as one of the best cryptos to invest in.