The crypto market took a sharp downturn as Bitcoin retested $55,000 earlier this week. Top crypto projects like Avalanche (AVAX) and Ripple (XRP) stumbled, losing even more gains and key price levels.
Meanwhile, a new contender has emerged in this new ICO: IntelMarkets (INTL). Its upside potential as one of the most promising low-cap gems, along with its convergence of AI and DeFi, make it an instant favorite.
IntelMarkets (INTL): A New Crypto Contender
IntelMarkets (INTL), a new crypto contender, is gearing up to reshape the $36 billion global crypto trading market. Standing at the crossroads between artificial intelligence and DeFi, the idea is to create an AI-driven smart trading platform.
In addition to AI tools, users can employ advanced trading features like trading bots, copy trading and up to 1,000x leverage. More importantly, its dual-chain functionality means it can operate on the Solana and Ethereum blockchains, giving it a competitive edge above established trading platforms.
Bearing the above in mind, analysts couldn’t be more optimistic. In the first stage of the presale, almost $300,000 has been raised. It is also heavily discounted, priced at $0.009 per token and tipped to explode by over 100x after its debut. As it prepares to shake up the crypto space, it is a more compelling bet than Avalanche and XRP.
Avalanche (AVAX): Tumbles from a Weekly High of $23
The Layer-1 blockchain Avalanche (AVAX) was among the top altcoins hit the hardest as the wider crypto market nosedived. Several key prices were lost, as were previous gains, sparking concerns among current holders. Interestingly, new investors couldn’t be more excited, bidding lower and waiting to fill their orders.
On the weekly charts, the Avalanche coin has declined by over 5%, tumbling from a high of $23. It recently confirmed the $20 support, which optimists believe might be the start of a jump toward $37.
However, another Bitcoin dump might invalidate this thesis. The coming days promise to be exciting and regardless of the short-term price fluctuations, the long-term outlook of the Avalanche crypto is promising. Top analysts anticipate a new ATH at the peak of this bull cycle—fingers crossed.
Ripple (XRP): Further Downturns or a Breakout?
Ripple (XRP), a digital asset that focuses on cross-border transactions and payments, also tumbled amid a wider market downturn. After registering an annual peak of $0.7 in quarter one, it briefly touched $0.41 in July. While there has been a slight uptick since then, it remains on the downside.
In the past seven days, the XRP coin has tumbled by 3%, highlighting declining investor interest and mirroring broader bearish sentiments. It hovers above the $0.5 support, with pessimists calling for further downswings below $0.4.
On the bright side, the XRP price is attractive, capturing the attention of savvy investors. A bullish XRP price prediction hints at a breakout above $0.6 and sustained traction toward $0.7, placing it on the list of altcoins to watch out for. Nevertheless, its next move is largely uncertain and sentiment remains cautious.
Conclusion
The overall market decline can be linked to Avalanche’s and XRP’s underwhelming performances. Meanwhile, IntelMarkets has emerged as a new crypto contender, preparing to transform the trading scene. With a projected 100x rally after its debut, it might be this year’s biggest breakout star.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets