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Investors in Ripple (XRP) and NEAR Protocol (NEAR) jump ship as both coins take a breather from the broader market relief rally. As these established coins slow down, the focus has shifted to AI coins, particularly new entrants poised to experience astronomic growth in the near term.
One of these AI coins is discussed later in this article. Read on to discover how you can amass significant returns from this coin!
Ripple CTO Counters Proposed XRPL Initiative
Scott Chamberlain, the co-founder of Evernode, started a discourse about the future of programmability on the XRP Ledger (XRPL) in an X post on September 28, 2024.
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He proposed a new approach to improve transaction functionality that involves using Hooks, a flexible, low-cost system that supports decentralized applications like Evernode, and adopting a new token, Codii, a token derived from locked XRP and burned for Hook-related fees.
This approach will allow the execution of smart contracts on the XRP Ledger and manage costs for users.
Responding to the proposal was David Schwartz, CTO of Ripple, who countered the initiative, noting that this approach will only overcomplicate the situation without any real benefits.
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Schwartz added that burning XRP for every transaction as is currently done is a better alternative than Scott’s strategy. However, Scott Chamberlain fired back, stating that burning XRP for programmability would only make smart contracts too exorbitant when XRP’s price increases.
To avoid this, Codii would provide an autonomous system in which XRP holders can cover Hook fees effectively by adjusting the inflationary balance.
Amid this discussion, XRP registered an intraday gain of 4.97% to $0.65 and a weekly rally of 11.03%. As the Ripple coin pulls back briefly from the rally, investors turn their attention to promising AI coins for gains.
Experts Target $29 For NEAR Protocol: Could This Be the Start?
Crypto Bullet, a widely followed crypto analyst, has made a bold case for NEAR Protocol’s NEAR to attain ambitious price levels in his recent analysis on X. Taking to the social media platform on September 25, 2024, Crypto Bullet highlighted target prices NEAR is expected to reach as medium term correction ends.
The analyst believes NEAR is on the verge of replicating the price action witnessed in Q4 2023 and Q1 2024 to achieve these levels.
Per the analyst, the target prices for NEAR during the next bullish wave are $29 and $52. The first target, which is $29, indicates the initial level NEAR is expected to reach during the market leg-up. This price level represents a considerable upside from its current price level.
However, the second target of $52 is what the analyst calls the “Macro bull market top.” This level would mark an all-time high for NEAR Protocol’s NEAR if attained. At present, NEAR is trading at $5.46, down 0.36% in the last 24 hours.
Investors Bet On IntelMarket For a Parabolic Rally
As XRP and NEAR regress after recent upswings, investors turn their attention to IntelMarkets, one of the new AI coins making rounds in the crypto market of late, for its profit potential. IntelMarkets, endowed with AI capabilities, is a developing project that aims to improve the way people interact with perpetual contracts.
With its dual-chain architecture, comprising Ethereum and Solana blockchains, IntelMarkets delivers flexibility and scalability marked by increased trading speed and low trading fees. It also includes high-leverage options, such as 1,000x leverage, which traders can capitalize on to bolster potential gains.
IntelMarkets allows users to access trade setups that are restricted to whales and use self-learning robots to automate risk management and profit-taking activities. In addition, traders can copy the trades of experts with impressive track records, further increasing their chances of success.
IntelMarkets’ native token INTL is in Stage 2 of its public presale, all set to enter Stage 3 in two days. This step up will see INTL’s price rise from $0.018 to $0.027, indicating a 50% gain. This projection accounts for why investors are betting on INTL now more than ever.
Why Bet on INTL of All AI Coins?
INTL promises attractive returns compared to AI coins like NEAR. Its value proposition makes it a better choice than XRP and NEAR. Specifically, by the end of INTL’s presale, investors would be up 11x, i.e., a 1,100% return will be added to their investments.
Now is the perfect time to capitalize on IntelMarkets’ parabolic growth potential!
