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According to rumors in the crypto space, Ripple has paid the securities regulator the $125 million fine. While this has not yet been confirmed, the Tron Founder has announced plans to burn 100% of revenue from Sun Token.
In other news, analysts forecast the price of Intel Markets will increase by 1,100% in the coming months. This prediction has attracted many investors to the project’s ongoing presale, helping the project raise over $220k in its first week.
Ripple (XRP) Has Paid the US SEC Fine, Says Rumors
JackTheRippler, a popular personality in the crypto space, revealed on X that Ripple had paid out $125 million to the SEC. The fine is said to be a settlement for the Ripple SEC December 2020 lawsuit that alleged that Ripple raised over $1.3 billion by selling XRP, unregistered securities.
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Adding more fire to the speculation, Whale Alert has reported many large transactions involving Ripple. In its report, Whale Alert indicated that 200 million XRP were moved to an unknown wallet from the Ripple XRP wallet.
Due to this transaction, several people have come up with theories that hold that it is linked to the payment that Ripple is accused of making to the SEC. In the meantime, the Ripple price is still bearish. It has failed to cross the 50-Day SMA ($0.577813). However, analysts are still bullish about the cryptocurrency. They forecast a rally in the coming weeks.
Tron (TRX) Founder To Burn All of Sun Token Revenue
In a recent event in the crypto industry, Tron’s founder, Justin Sun, announced that all the revenues gotten from the SUN token will be channeled towards the token burn. Sun also mentioned that token burn is going to be a recurring process.
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He added that the team is now working on some matters concerning revenue data APIs. In the meantime, the increased activity in the Tron network has affected TRX’s price. Data from CoinMarketCap shows the value of the cryptocurrency has risen by 25.6% in the monthly timeframe.
This gain places the Tron coin among the best performers in the market. Analysts expect more upward price movements as long as Tron crypto stays above the 50-Day SMA ($0.137681) and 200-Day SMA ($0.126975).
Intel Markets To Capitalize on the Growth of the Digital Assets Markets
Intel Markets (INTL), a trading platform powered by AI technology wants to cause significant change within the cryptocurrency exchange industry. According to CoinWire data, the trade volume for digital assets is expected to rise beyond $108 trillion.
This value is more than double what was recorded two years ago. In order to capitalize on this large volume, Intel Markets has introduced a new platform that operates on both Ethereum and Solana blockchains. The aim is to give traders fast transaction speed, low fees, and top security.
On top of the multi-blockchain architecture mentioned above, Intel Markets also has an AI trading bot. This bot enables users to monitor market shifts in real time and assess likely outcomes. Other features available are 1000x leverage, copy trading, and high liquidity. In its ongoing presale, Intel Markets has raised over $220k amidst a surge of interest from investors.
Can Intel Markets Rally Alongside Ripple Token and Tron?
Yes. Analysts believe Intel Markets is well positioned to take advantage of the upcoming bull run in the crypto market. Its current presale performance is a testament to profits to come. While its native token is priced at $0.009, analysts believe it could see an 11x price surge before the year ends.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
