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The crypto market experienced a huge downturn as Bitcoin tumbled below $55,000. Toncoin (TON) and Ripple (XRP) were among the biggest losers. This begs the question: What is next? Further downsides or a comeback?
Amidst this unpredictable market condition, investors have been diversifying to new ICOs and emerging cryptos. One such is IntelMarkets (INTL), a novel player at the crossroads between AI and DeFi. Hailed by analysts as the next big thing, it is a promising wave not to miss out on.
IntelMarkets (INTL): A Novel AI-DeFi Protocol With Huge Growth Prospects
IntelMarkets (INTL), an innovative project at the intersection of AI and DeFi, is the latest crypto sensation. Given its novelty, a presale frenzy is unfolding, with investors hoping to become early adopters. Less than two weeks into the presale, over $240,000 has been raised.
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The presale recently kicked off and is in the first stage, presenting the best entry. Its budget-friendliness is another layer of its appeal, with a token priced at just $0.009. Meanwhile, analysts project a 100x jump in value after listing on Tier-1 exchanges, making it a new DeFi project to watch out for.
As it sets out to transform the global crypto trading market, poised to reach $264 billion in 2030, investors have been betting big. The AI-powered smart trading platform will assist retail traders with next-generation tools and resources to trade smarter and better. Other key features include diverse asset pairs and enhanced liquidity, making it a strong contender in the crypto scene.
Toncoin (TON) Targets a Break Above $6
Toncoin (TON), one of the leading altcoins and the Telegram-based cryptocurrency, tumbled last month. It nosedived following the arrest of Telegram CEO Pavel Durov, sparking FUDs and selling pressure. The overall market decline further contributed to its decline.
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In the past 30 days, the Toncoin price swung low by over 20%. It retested $4.5 from a monthly high of $7.1, losing key price levels. However, with the week starting on a good foot, revisiting $5, a comeback is on the cards.
A Toncoin price prediction at the heart of the market buzz suggests a breakout above $5.5 before the week’s end. Crossing this level will put it on track for a jump past $6, placing it on the list of altcoins to watch out for.
Ripple (XRP): Another Decline Before Strong Rally?
Ripple (XRP), a top-10 cryptocurrency, also struggles with momentum. Like the rest of the crypto market, it plummeted, reflecting broader bearish sentiments. While some analysts suggest the bottom might be in, predicting a rebound, others disagree.
On the weekly charts, the XRP price is down by over 3%. This extends to the monthly timeframe: a 10% decline. It has since lost the $0.6 support, hovering above $0.5. With no exciting price movements, traders are shifting to other early movers.
According to a popular XRP price prediction, support to watch out for is $0.45 before any sustained traction. However, if $0.6 is reclaimed before the week’s end, we might see a jump past the monthly high of $0.62. Exciting days ahead, no doubt.
Conclusion
Despite fears of further downside, Toncoin and XRP are still altcoins to watch out for. At the same time, IntelMarkets has emerged as the latest crypto sensation, standing at the intersection of AI and DeFi—an AI-powered exchange protocol. With a projected 100x gain post-launch, it is a promising wave to take advantage of.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
