- Increased Activity on Avalanche Network
- Ripple ODL's Impact on XRP Price
- New AI-Powered Platform Intel Markets
Recent data shows a significant rise in activity on the Avalanche network and the impact of Ripple ODL on the cryptocurrency market. We examine the main changes and their implications.
Increased Activity on Avalanche Network
The Avalanche network has seen a significant rise in activity over the past seven days. Data from Frostymetrics reveals that DEX trading volume has increased by 37%, while DeFi transaction counts have risen by 44%. The Avalanche coin (AVAX) is up on the weekly chart with a 29.6% gain, although it is down on the monthly chart. The cryptocurrency's market cap has fluctuated between $7 billion and $12 billion during this period. Analysts predict further increases in the value of AVAX, provided the price crosses the 200-day SMA ($35.10).
Ripple ODL's Impact on XRP Price
Popular wealth advisor and market commentator Mickle has stated that Ripple's On-Demand Liquidity (ODL) plays a major role in influencing the value of XRP. According to Mickle, an increase in ODL transactions leads to a rise in demand for XRP among market makers, resulting in accumulation and subsequently, an increase in its value. Despite the ongoing bear market, the price of XRP shows modest gains on the weekly chart, with its market cap fluctuating between $22.5 billion and $37.5 billion.
New AI-Powered Platform Intel Markets
The new AI-powered trading platform Intel Markets is attracting the attention of crypto traders. In its presale's early days, Intel Markets raised over $160k, with its token priced at $0.009. The platform allows investors to trade various digital currencies using AI trading bots and advanced analytical tools. These tools include real-time market data, advanced charting software, customizable trading indicators, and risk management tools such as stop loss. The high leverage of 1000x gives investors the chance to make significant profits.
The rise of the Avalanche network and the significance of Ripple ODL underscore the importance of these projects in the cryptocurrency market. At the same time, the new AI-powered platform Intel Markets shows promising results, offering traders additional profit opportunities.
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