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Cryptocurrency News Articles

Ripple Surges Past Solana to Claim the 3rd Largest Crypto Spot as IntelMarkets Pumps to $0.064091

Dec 04, 2024 at 06:17 am

In a surprising turn of events, Ripple (XRP) took the position of the 3rd largest cryptocurrency, surpassing Solana (SOL) and USDT.

Ripple Surges Past Solana to Claim the 3rd Largest Crypto Spot as IntelMarkets Pumps to $0.064091

Surprising events occurred in the crypto market over the Thanksgiving weekend as Ripple (XRP) became the 3rd largest cryptocurrency, surpassing Solana (SOL) and USDT. Additionally, IntelMarkets (INTL) pushed its gains by over 600%, setting a new all-time high (ATH) at $0.064091.

Solana’s market value is affected by its downtrend.

Over the past week, Solana has seen underwhelming price movements. According to CoinMarketCap, the SOL price dropped by 11.2% during this period.

This downtrend affected its position in the crypto market, pushing it to the 5th largest cryptocurrency by market capitalization. Solana’s market cap is now fluctuating between $122 billion and $107 billion.

Many analysts believe that the Solana coin price could drop to $200 if the bearish pressure remains. However, in the meantime, Solana’s 14-Day RSI is above the midline, indicating the presence of bulls.

Ripple becomes the 3rd largest cryptocurrency

Over the Thanksgiving weekend, Ripple rose by more than 25%, reaching the $2 mark on Sunday. The DeFi cryptocurrency has been riding an uptrend since last month.

Data from CoinMarketCap shows that the market cap of the Ripple token increased from $75 billion to $140 billion, making it the third-largest digital currency.

In terms of price movement, the Ripple coin surged from $1.32 to $2.44. This price increase comes amid rumors that Ripple Labs and the US SEC could settle their lawsuit in December.

Such a move could spark an uptrend to higher levels in the coming weeks. Analysts expect the coin to rally to $2.7 in the short term and $5.6 in the long term. However, Ripple’s 14-day RSI is above 90 and could see some corrections in the next few days.

IntelMarkets reaches a new peak

IntelMarkets is a new entrant in the crypto trading scene. It aims to use artificial intelligence and blockchain technology to revolutionize trading.

Currently, in the presale phase, IntelMarkets’ price has risen to $0.064091. Analysts are expecting another 10x increase in the coming months. The DeFi project has also raised more than $2.7 million, showing the increasing interest from investors.

IntelMarkets provides retail traders with institutional-grade tools for trading, helping to bridge the gap between the newcomer and the expert trader. This platform, combined with advanced solutions like the Rodeum AI and Intelli-M bots, could offer the possibility of fully automating trades.

The bots are designed to self-learn, adapting to the changing market conditions and improving over time.

Another advantage is the multichannel analysis, which gathers information from different markets, providing users with sufficient data to make trading decisions. There is also the 1000:1 leverage, which traders can use to make large profits.

With the above features, IntelMarkets is changing the concept of trading in the crypto market through automation, AI, and real-time processing, enabling both new and professional traders to achieve success.

Conclusion

IntelMarkets and Ripple are maintaining bullish momentum, and their recent price surges place them among the altcoins to watch out for in the coming months.

For more information on IntelMarkets, please visit their website, Telegram, or Twitter.

News source:crypto.news

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