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Cryptocurrency News Articles
Whales Purchase 470 Million XRP, But the Ripple Coin Struggles to Keep Up
Oct 03, 2024 at 11:30 pm
The last ten days have seen deep-pocket investors, colloquially dubbed whales, scoop a whooping 470 million XRP as they grow more confident
Deep-pocket investors have acquired a whooping 470 million XRP in the last ten days as they grow more confident in the altcoin’s future.
This development comes on the heels of an announcement by the CEO of Mastercard, who claims that Ripple’s XRP is set to take Swift’s place for worldwide transactions.
Discussions are in progress to introduce the XRP Ledger (XRPL) for this purpose, which could lead to a major shift in the global financial landscape.
Additionally, Ripple plans to introduce key upgrades on the XRP Ledger to boost liquidity and attract institutional investors.
With these improvements, hundreds of millions of dollars could be channeled into XRPL-based tokens, especially in the DeFi sector.
According to Ripple, the XRP Ledger is poised to become the main conduit for institutional flow and liquidity, enabling a massive capital inflow into the exchange.
Meanwhile, the CEO of Ripple has adjusted his earlier $5 trillion forecast for the crypto market valuation by year’s end.
He now believes that his projection may have been conservative, considering the rapid growth of the ecosystem, which could indicate a significant boom.
In the meantime, XRP is trading at $0.60, down 2.53% in the last 24 hours and up 2.31% over the past seven days.
Given the increasing optimism among market players, XRP could eventually make a move towards the $1.00 price point, indicating a 66% increase from its current value.
Another dual-chain altcoin, IntelMarkets, is also seeing increased purchases as a result of rising confidence in INTL's future with the crypto market rebound.
Fresh off the heels of launching its platform in March, IntelMarkets is making waves by combining blockchain and AI technology to disrupt the status quo.
As a dual-chain perpetual contracts exchange, IntelMarkets offers a level of flexibility that allows users to switch between either Ethereum or Solana when trading as is suitable to their strategies and preferences.
Another benefit of its dual-chain approach is that it provides scalability, allowing users to transact faster and smoother without paying excess trading fees. But that’s not all!
IntelMarkets helps traders maximize their potential trade returns by offering high trading leverages as high as 1,000x. With this feature, investors can realize significant gains from the lightest price movement.
It also offers enterprise-grade resources to improve traders’ experiences and, eventually, results. For example, IntelMarkets allows traders to access over 1,000 technically analyzed trade setups, self-learning robots, restricted trades, and copy trades.
The platform will also allow traders to manage multiple positions using the same collateral, among other benefits.
INTL, its native token, has entered Stage 3 of its public presale, with Stage 2 investors up 50% in profit after the price rose from $0.018 to $0.027.
Due to the level of interest the altcoin is gaining, almost $1 million has been invested in INTL, with over 5.2 million tokens sold.
Those who missed the first two stages may still realize a 307% ROI by the end of INTL’s presale after the price hits $0.11, its final presale price, if they join the presale now.
Moreover, following INTL’s exchange debut, experts believe the token could achieve 100x its opening price.
As a result of these projections, market players continue to show interest in INLT, leading to more investments in the altcoin.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- ETFSwap (ETFS): A Revolutionary Decentralized Platform Empowering Direct ETF Purchases
- Oct 04, 2024 at 03:25 am
- The world of cryptocurrency and traditional investments has long been dominated by brokers and middlemen, often creating frustrating barriers for investors. But what if you could buy Spot Bitcoin ETFs and Ethereum ETFs directly, without the need for brokers and third-party agents? Enter ETFSwap (ETFS), the revolutionary decentralized platform that allows investors to bypass brokers and third parties, reducing costs and offering a breezy experience.
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- Sophon Announces Undisclosed Token Round Backed by Binance Ahead of Layer-2 Blockchain Network Mainnet Launch
- Oct 04, 2024 at 02:35 am
- Sophon has announced an undisclosed token round with backing from Binance. The fundraising was structured as a simple agreement for future tokens (SAFT), Sophon's pseudonymous co-founder and CEO Sebastian "Seb" told The Block.
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- Analysts Suggest Rising Geopolitical Tensions and November's Presidential Election Are Driving Investors Towards Gold and Bitcoin as Safe-Haven Assets
- Oct 04, 2024 at 02:30 am
- Analysts at J.P. Morgan suggest that increasing geopolitical tensions and November's presidential election are driving investors towards gold and bitcoin