As the crypto market prepares for a potential rally, whales are looking at new projects with substantial growth potential. Intel Markets, a Stage 1 presale contender, has caught the attention of whales from both Ethereum and Ripple.
Ethereum: Time for Expansion
Ethereum remains one of the top cryptocurrencies, though it has experienced some volatility. According to CoinMarketCap, Ethereum's price fell nearly 5% over the week. This drop came as the Ethereum ETF struggled to gain momentum. Ethereum ETF started September on a bearish note. Nevertheless, crypto analysts remain bullish. An expert named Poseidon indicates that manipulation in Ethereum has ended and now is the time for expansion. He predicts a potential surge to the $3,200 level. However, the technical indicators do not support this Ethereum price prediction. The exponential moving averages for ETH have been on a constant decline, and there is bearish sentiment for Ethereum at the moment. Thus, whales are turning to other projects with more room for growth.
Ripple: Potential for a Surge
Ripple has also faced some turbulence. CoinMarketCap data shows that Ripple’s price fell nearly 5% over the week. Additionally, CoinGlass indicates that open interest for XRP dropped around 3% and now sits at $597m. Nevertheless, crypto analyst World of Charts remains bullish. He mentions in his X post that Ripple is consolidating within a multi-year symmetrical triangle. A breakout from this formation could lead to a new all-time high for XRP. However, XRP is still trading below its 50-day exponential and simple moving averages, with an RSI of 44. Due to these factors, the Ripple price prediction remains conservative – $0.60 before October 2024 starts.
Intel Markets: Potential for Massive Gains
Intel Markets is capturing attention in the crypto space. Its ongoing presale performance has been impressive, raising over $225,000 and on track to reach $1 million by the end of September. Intel Markets will introduce an AI-powered smart trading platform that allows users to access restricted trades and copy trades from other traders. The platform offers many advantages, such as 500x trade settlements compared to Starknet, dual chain functionality (Solana and Ethereum), and perpetual futures contracts. Currently, the INTL token is priced at $0.009 in Stage 1 of the presale, but it is expected to see a rise to $0.018 once Stage 2 begins. The smaller market cap of Intel Markets compared to Ethereum and Ripple allows for quicker positive price changes, which could reach $0.60 by the end of 2024.
With Intel Markets gaining traction, whales have more opportunities for gains. This project's rapid growth could lead to significant price increases in the near future.
Comments