- A Large Transfer Shakes up Ripple
- Experts Say That AVAX Is on Its Way to the Coveted $40 Mark
- INTL Emerges as the Best Newcomer To Watch Out for This Year
The crypto community has been anticipating the new rate cut by the Fed. Numerous experts and large banks predicted a 25 BPS cut, but the Fed surprised everyone with a 50 BPS reduction, ushering in bullish momentum in the market.
A Large Transfer Shakes up Ripple
XRP, Ripple's token, is notorious for attracting both investors and concerns. While other altcoins reached all-time highs earlier this year, XRP remained relatively unmoved. However, on September 18, a significant transfer took place: Chris Larsen, co-founder of Ripple, transferred 50 million XRP tokens to an unknown wallet. This caused XRP's price to increase as many holders speculated that something significant was in the works. Since this move, XRP has marked an 8.46% rise in value over 7 days, though it is still down compared to a month ago. Many investors believe this transfer might indicate new developments for the token.
Experts Say That AVAX Is on Its Way to the Coveted $40 Mark
AVAX, Avalanche’s token, is also on many experts' lists of the best cryptocurrencies to buy. Recently, AVAX managed to break through a key support level and is now on its way to new heights. This new pattern can propel AVAX to reach the $40 mark if the current bullish sentiments after the rate cut prevail. Many experts believe that the bullish momentum will continue and that Avalanche will resume its upward path. With a current price of around $26.18, AVAX could realize an ROI of over 50% upon reaching $40. Compared to its price a week ago, AVAX is up by over 10%, and an 18.98% rise is noted in its monthly chart.
INTL Emerges as the Best Newcomer To Watch Out for This Year
Newcomers always offer the biggest potential if spotted early. However, not all new projects have a future, so it's important to pick those that do. Experts have singled out IntelMarkets this year as the next project with massive potential. IntelMarkets attracts attention due to its real-life utility and features. The platform allows trading on Solana and Ethereum, AI-powered products, access to a wide range of trading pairs, 1,000x leverage, and copy trading mechanisms. Experts believe these features open up many new money-making opportunities for traders and investors.
The Fed's 50-basis-point rate cut has revitalized the cryptocurrency market, liquidating $200 million in short positions. Tokens like XRP, AVAX, INTL, and ONDO stand out as promising investment opportunities in this dynamic environment.
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