Market experts are highly optimistic about the future of Ripple and IntelMarkets as both altcoins give a highly bullish outlook. Investors are seen jumping to grab the XRP and INTL tokens in this session because a massive rally is expected for the XRP price soon! Just like Ripple, IntelMarkets is also set to soar. Thus, Solana (SOL) whales eye these altcoins to expand their gains!
Solana (SOL) Gains Institutional Interest Worth Millions
VanEck, an Asset Management company, has been bullish on Solana (SOL) for the past several months. In October, VanEck partnered with Kiln, a platform for digital asset rewards, to provide staking solutions within VanEck’s Solana (SOL) Strategy. As part of this collaboration, Kiln will offer a simple and secure method for institutional investors to integrate Solana (SOL) staking.
In the third quarter of 2024, Solana’s (SOL) ecosystem raised $173 million in funding, a 54% rise from the previous quarter. This is the highest quarterly total since Q2 2022, indicating a growing confidence among investors.
The introduction of Solana’s V1.18 upgrade and the implementation of new technologies enhanced its transaction efficiency. Additionally, the DeFi sector flourished, with the total value locked reaching $5.7 billion, fueled by a surge in interest in DeFi products. Solana’s price has risen by 12% in the past day and is currently trading at $187 with a market cap of $88.19 billion.
Though Solana (SOL) is set for a massive rally, the whales seem tilted towards Ripple and IntelMarkets!
XRP Price Analysis: Ripple’s Institutional Buyers Have Been Skyrocketing
Despite the ongoing legal struggle between Ripple and the SEC, XRP price has experienced a remarkable 266% increase in institutional investments. Just earlier this month, purchases surged to $1.1 million, a significant rise from $0.3 million the previous month.
This positive trend comes after discussions about the XRP price’s potential for a rally following six years of stagnation, as highlighted in a recent CNF post. Currently, this upward movement reflects growing confidence in Ripple’s future, especially following favorable court rulings for Ripple.
Investor optimism has also led to a 4% increase in XRP’s price, bringing it to approximately $0.52, while trading volume has jumped by 87%, indicating heightened market activity.
Historically, XRP price has demonstrated its capacity for substantial increases, including a 41,000% surge following Bitcoin’s 2016 halving and a 1,000% gain during the ongoing SEC case.
Some analysts predict a significant bull run for XRP shortly. Thus, Ripple has gained the attention of SOL whales in this session.
IntelMarkets (INTL): Investors Jump In Pushing The Presale TO $1.9 Million!
IntelMarkets (INTL) is a Solana-based trading platform that combines artificial intelligence with blockchain technology, providing a unique trading experience. IntelMarkets provides lightning-fast transactions and real-time, data-driven insights on market trends by utilizing Solana’s high-speed network.
Artificial intelligence (AI) algorithms are used to read price movement patterns, find trading opportunities, and forecast based on current trends. These technologies give users a technological advantage in a market that moves quickly and helps them make well-informed trading decisions.
The AI-driven platform has reached the fifth presale stage, offering a presale price of $0.045 per token. It has secured well over $1.9 Million in early funding, which has piqued the market’s interest in the potential for its growth. Some experts project a 5-10x rally post-ICO, which makes IntelMarkets a high-reward investment.
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
Credit: Source link
.jpg)
