Ripple (XRP) may still be a top 10 cryptocurrency, but its metrics say otherwise, as its growth has stagnated and earned it the title of “dead money.” Meanwhile, IntelMarkets (INTL) is turning the crypto world upside down with a massive 50x pump, surpassing even Litecoin (LTC). Let’s take a closer look at these ongoing trends.
XRP price impasse: Why Ripple’s legal battle is weighing on its performance
Ripple (XRP), part of the top 10 cryptocurrencies, is the least performing of all cryptocurrencies while experiencing minimal price fluctuations.
For the past two weeks, the asset has been locked in a downward trend and has been unable to overcome regional resistance levels. Despite bulls’ efforts to counter this trend, Ripple (XRP) is still unable to soar, leaving investors concerned about the possibility of a long-term decline.
The main barrier for this asset to break through significant levels again and again is the 200 EMA, which is currently a strong resistance barrier. If XRP fails to break out of this important EMA level, it seems unlikely that the price will rebound.
The legal battle between Ripple (XRP) and the SEC has witnessed some of the recent events. Filed a formal cross-appeal with the SEC in the Southern District of New York. This cross-appeal seeks to transfer the matter to the Second Circuit Court of Appeals.
Specifically, this cross-appeal concerns the SEC’s October 2nd appeal challenging a federal judge’s decision to fine Ripple the equivalent of $125 million for alleged violations of securities laws. Further developments await market reaction.
Canary Capital files for Litecoin ETF: What’s next for LTC?
Established mega-cryptocurrency Litecoin (LTC) recently celebrated its 13th birthday. They also acknowledged recent milestones including 77 million transactions, 100% uptime, and privacy improvements with MWEB updates.
This celebration coincides with Canary Capital filing with the Securities Commission for a Litecoin ETF, making this celebration a little more interesting. Following this news and buzz around the community’s excitement, Litecoin (LTC) price recently surged to a weekly high of $74, according to data from CoinMarketCap.
Cryptocurrency charts are currently in green on weekly and monthly time frames, reflecting a bullish outlook. The 14-day RSI has also skyrocketed to over 60, which is also a factor in the soaring price of Litecoin (LTC).
IntelMarkets (INTL) raises $1.5 million in days: What’s driving its success?
Litecoin (LTC) is an established player in the cryptocurrency market, but it has been surging recently. But surprisingly, one newcomer overshadows that big profit with a 50x pump. IntelMarkets (INTL) is a recently introduced crypto project that has gained a lot of attention from investors around the world.
IntelMarkets (INTL) is in the news for good reason, including its innovative AI-powered trading platform offering and incredible growth momentum. Just a few days after the public pre-sale began, Intel successfully raised over $1.5 million, placing it in the top 1% of ICOs worldwide.
This significant funding is a reflection of investors’ trust and confidence in Intel’s innovative approach to the world of trading. The upcoming trading platform aims to provide traders with tools and features that were previously only available to institutional investors. This gives everyone access to the same platform and the opportunity to maximize potential profits.
These institutional-grade features include up to 1000x leverage, AI-trained robots, dual-chain trading options, multi-channel analysis, precise and accurate trading signals, and more. All of these collectively have one goal: to make 100% profit on each trade.
Pre-orders are selling fast and investors are rushing to fill their bags with INTL and become early investors in this one-of-a-kind project.
Learn more about Intel Market:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
