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TRON up Over 30% in the Past 3 Months – Can XRP Reclaim $0.7 by November? 2 Reasons Whales are Mass Accumulating IntelMarkets

TRON up Over 30% in the Past 3 Months – Can XRP Reclaim $0.7 by November? 2 Reasons Whales are Mass Accumulating IntelMarkets

NewsbtcNewsbtc2024/11/06 00:11
By:NewsBTC

One of the unlikely heroes this quarter is TRON (TRX); it is up over 30% in the past three months. Meanwhile, Ripple (XRP) has been gaining traction, with analysts speculating about a potential climb above $0.7 before the month’s end.

Also in the spotlight is IntelMarkets (INTL) , a novel AI altcoin with real-world applications. Its unique offering will be an AI-powered trading platform, aiming to reshape the $347 billion global crypto trading market . Moreover, given its huge growth prospects, whales can’t seem to get enough.

IntelMarkets (INTL): A New AI DeFi Crypto Set for Explosive Growth

IntelMarkets (INTL) is one of the newest altcoins whales are massively accumulating. It recently crossed $1.6 million in early funding, breezing past most new ICOs and laying claim to this quarter’s best presale. Its AI-DeFi narrative and significant upside potential are key factors driving demand and interest.

Taking a unique approach to trading, it will integrate artificial intelligence across all levels—an AI-powered trading platform. Its trading robots will be unlike conventional ones as they will be able to learn from real-time trading data and their mistakes. Moreover, the bots can perform thorough analysis across several markets at lightning speed, assisting retailers in their trading journey.

On track for massive adoption, it will be a strong contender in the global crypto trading scene. Meanwhile, the ICO is in the fifth round, with a token priced at $0.045 and providing a lower entry than Ripple (XRP) and TRON (TRX). Additionally, its upside potential is largely unmatched as a low-cap gem, tipped for a 60x upswing post-launch.

TRON (TRX): 30% Jump in the Past 3 Months

TRON (TRX), a Layer-1 blockchain and token, is one of the best altcoins. The DeFi platform assists with creating decentralized applications, driving actual demand for the TRX token. Its rapidly growing ecosystem and rising adoption make it one of the top crypto coins.

Defying bearish pressure, the TRON price exploded over 30% in the past three months. It gained more than 7% on the monthly chart and an upswing unfolds on shorter timeframes, changing hands above $0.16.

Further gains are on the cards, buttressed by TradingView’s Bull Bear Power, which is at 0.0005, giving a bullish signal. Moreover, moving averages like the exponential moving average (20)—at 0.1635—and the simple moving average (20) at 0.1628 suggest further upswings. However, the overall crypto market plunging further might push TRON (TRX) downward.

Ripple (XRP): Potential Rally Above $0.7 Post-US Election?

Ripple (XRP), a top 10 cryptocurrency, plays a key role in the crypto landscape: cross-border transactions. The ongoing legal sparring between the fintech company and the US SEC has been the cause of much concern, dragging the XRP coin downward.

The past month saw the XRP price decline over 3%, retailing above $0.51. It also trades downward on the weekly chart, with indicators mixed between a future bounce or a decline below the $0.5 support. TradingView’s moving averages point towards a “strong sell,” while oscillators are neutral.

However, a Trump victory in the forthcoming US election might push Ripple (XRP) above $0.7 before the month’s end. Improved optimism and confidence might usher in a strong bullish wave, making the dip worth buying—top crypto to invest in.

Conclusion

While TRON (TRX) is up over 30% in the past three months, Ripple (XRP) struggles with momentum, although a Trump victory might be a bullish catalyst. Meanwhile, IntelMarkets (INTL), a new AI coin, is a new favorite due to its AI-DeFi narrative and massive growth prospects—a potential 60x upswing post-launch.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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