On-chain data shows that whales have been selling off their Shiba Inu (SHIB) amid the downturn in the crypto market. A whale recently sold over 250 billion SHIB coins. Meanwhile, whales are showing interest in a new coin called IntelMarkets (INTL).
They have bought millions of INTL, leading the project to hit $5 million in presale. Analysts forecast its price could skyrocket by 10x in the coming months, making it a good cryptocurrency to buy. In other news, the TD Sequential indicator is displaying a buy signal on the Ripple (XRP) chart, hinting at a price surge.
Shiba Inu (SHIB) Whale Sell-off and Burn Activity Drops
Shiba Inu (SHIB), the largest Ethereum-based memecoin, shows negative sentiment on the price charts. CoinMarketCap price information for the Shiba Inu crypto shows its price has dipped by 27.3% in the past week and 34.0% in the last two weeks.
Amid the downtrend, whales have been selling off their holdings. Data from Lookoochain shows that a whale sold over 250 billion SHIB recently. Also, Shiba Inu’s (SHIB) burn metric is showing low activity. Data from ShibBurn reveals the community burnt over 130 million SHIB in the past week.
There has been a 67% drop in burning activity on this level. This plunge shows that investors’ sentiment has reduced. Nevertheless, analysts remain optimistic about the Shiba Inu coin. InvestingHaven predicts the Shiba Inu price might surge to $0.0000998 in the coming year.
Ripple (XRP) Could Soar To $3 Based on Bullish Indicator
Ripple’s (XRP) upward price movement has been cut short by the downtrend in the crypto market. CoinMarketCap data reveals the value of the DeFi coin has dropped by 5.4% on the weekly timeframe. However, bulls are still optimistic about the future trajectory of the Ripple coin.
Besides, whales have taken advantage of the downturn to increase their holdings. A tweet from Ali Martinez indicated that whales bought over 110 million XRP on December 19. This purchase adds to the previous accumulation in the past week and signifies that whales are bullish about the Ripple crypto.
In a follow-up tweet, Ali noted that the TD Sequential indicator is presenting a buy signal on the XRP 4-hour charts. This is a bullish indicator that could be followed by an upsurge in the coming months.
Potential price targets might be $3 and $4 in the short term. In terms of technical analysis, the sentiment around the Ripple token is bullish. The Stoch RSI (14) is flashing a buy signal which means bulls are in charge.
IntelMarkets (INTL): A Top AI-based Trading Platform for Retail and Large Investors
IntelMarkets (INTL), an advanced first AI trading platform, has once again proven to be unstoppable as it hits over $5 million in its presale. This great accomplishment speaks volumes of the increasing optimism and interest investors have in the project. IntelMarkets has a dual-chain system that integrates the Ethereum and Solana blockchains without any issues.
This innovative design gives the traders the flexibility they have never seen before. They can easily move from one blockchain to another depending on their trading needs. While Ethereum offers access to smart contracts, Solana offers access to fast transactions and low fees.
However, the real foundation of IntelMarkets is in the Rodeum-based AI trading bots that are unique to the platform. Such detailed and complex algorithms scan the data of more than a thousand feeds and over one hundred thousand cryptocurrencies to provide near-perfect trading signals to traders.
These bots can be used by traders to mirror complex trading strategies and automate their trades and market trends. IntelMarkets is valued at $0.073273 following its recent 700% rally.
Whales Show Interest in Top Altcoins Like Ripple and IntelMarkets
Whales have been showing interest in IntelMarkets and Ripple (XRP) despite the downturn. They have accumulated millions of both coins. Analysts are bullish about them and say their prices might surge in the coming months.
For more information about IntelMarkets (INTL) visit the links below:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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