Ripple’s (XRP) dream run just hit a snag with the SEC’s appeal. While XRP scrambles for stability, Avalanche (AVAX) is holding strong and a revolutionary newcomer, IntelMarkets (INTL), is surging in its presale. This AI-powered trading platform promises to transform the crypto world with 4x profit potential for early investors. Get ready, because October might be hotter than expected!
Ripple Faces Uncertainty as SEC Resumes Legal Battle, XRP Price Dives
Last day witnessed a dramatic decline in Ripple’s (XRP) price as well as a notable decline in its market capitalization and trading volume. The XRP token, which is vital to the RippleNet global payments network, fell by as much as 10% in a single day. The SEC’s decision to file an appeal in its ongoing lawsuit against Ripple Labs is the root cause of the price decline.
The SDNY District Court’s Judge Analisa Torres declared in July 2023 that Ripple’s programmatic sales were not in violation of the Securities Act. Although Ripple was found accountable for its institutional sales, her decision proved that XRP is not a security in and of itself. The SEC has now sent its Notice of Appeal to the US Court of Appeals for the Second Circuit in an attempt to overturn this decision.
The SEC’s appeal has prompted chaos within the XRP community. Brad Garlinghouse, the CEO of Ripple and a co-defendant, expressed his disappointment with the agency’s actions, emphasizing that the XRP’s non-security status would continue to be the legal standard even in the event that the SEC’s appeal is upheld. Chief Legal Officer of Ripple, Stuart Alderoty, described the SEC’s ruling as “disappointing, but not surprising.”
Now trading at $0.5225, Ripple (XRP) might see more bearish volatility if it breaks below this level, reaching the range-lows around $0.43.
Avalanche (AVAX) Holds Strong at Key Support Levels, Poised for October Surge
The smart contract platform Avalanche (AVAX) is well-known for its potential to grow endlessly and complete transactions in less than a second, providing developers with a flexible ecosystem. Bullish signals have recently been seen in the Avalanche (AVAX) markets, but political uncertainties tried to dampen them.
Despite all of this, the Avalanche (AVAX) has successfully flipped the bull market support band. AVAX is now trading above both the 21-week exponential moving average (EMA) and the 20-week simple moving average (SMA), which is positive for the long-term outlook.
Before the current market decline, Avalanche (AVAX) was one of the best altcoins, rising by more than 22% by the end of September. Even after the collapse, the Avalanche (AVAX) maintained two crucial support levels at 30 and 50-SMA. Holding these important levels puts AVAX in a strong position to extend its gains when the emerging bullish momentum strengthens.
For complete confirmation of its bull run, Avalanche (AVAX) has to first bounce back above the 200-SMA at $32, which is where the uptrend starts. Should this occur in October or ‘Uptober’, the price of Avalanche may soar to $50 before the year is over.
IntelMarkets’ Presale Surges to $910K—Here’s Why Investors are Betting Big
IntelMarkets (INTL), a revolutionary cryptocurrency that connects blockchain and the trading world with AI, is the most recent addition to investors’ list of coins with 4x profit potential.
The goal of this upcoming AI-powered trading platform is to transform the cryptocurrency trading industry by merging blockchain, DeFi, and artificial intelligence and make it available for investor of every level. Using real-time learning data and self-learning trading robots, the exchange protocol will be the first to include AI at every level.
Over $910,000 has been raised in the INTL’s ongoing presale amid growing demand. It is in its third stage of the ICO, it only costs $0.027; but, it is getting ready to move on to the next stage in just 11 days in which each INTL token will cost $0.036. Along with expected 50x profits after debut, early investors stand to win significantly with the forecasted $0.11 listing price.
Given the discounted price, massive anticipated profits, and ongoing developments, it is a perfect time to ride this wave because it is about to change the global crypto trade market, which is expected to reach $347 billion by 2030.
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