Crypto About To Go Parabolic As Funds Pump Into Ripple (XRP), Tron (TRX), and IntelMarkets (INTL)
CoinShares, which tracks the movement of capital into crypto products, has reported an 800% inflow of funds into Ripple (XRP) in a week. IntelMarkets has pulled in over $730k as investors are drawn into the next-gen trading platform.
Meanwhile, the Tron network has the second-largest amount of stablecoins, valuet at over $59.8 billion. The rise in funds into these projects is a marker of a major price increase to come. Find out how high these altcoins are set to go in the fourth quarter.
The latest report from CoinShares shows that among the top crypto coins, Ripple (XRP) saw the biggest percentage increase in funds inflows last week. According to the report, the inflows of funds into XRP products increased by 800% last week.
Ripple XRP products attracted over $2 million in September, pushing its year-to-date inflows to $24 million. The increase in funds inflows is a good sign for the Ripple coin. Ripple (XRP) has already been on an upward trajectory, gaining 15% in September to cross $0.65 for the first time in six months.
The technical indicators of XRP are currently bullish, with the 14-day RSI suggesting that there is still room for more price increases. According to Ryan Lee, the Chief Analyst at Bitget Research, the Ripple coin price could rise by 30% to $0.75 in October. Other experts suggest XRP could explode above $1 before the end of Q4.
Tron (TRON) is one of the top altcoins that has been steadily growing over the last few years. One of the areas where the Tron network shines is in stablecoins. A recent report from CoinGecko shows that Tron is now the second biggest stablecoin network, next to only Ethereum.
According to CoinGecko, the Tron blockchain has the second-largest amount of stablecoins, with over $59.8 billion on the network. This represents a 34.8% share of the total stablecoin market. While the network has been growing, the Tron coin price has also been on the rise.
Year-to-date, Tron (TRX) has gained 45%, with its market cap rising to $13.6 billion in the process. At $0.156, TRX is above the 100-SMA ($0.1405) and 200-SMA ($0.1293), hinting at more price increases coming. A 100% price increase could take the TRX as high as $0.30 for a new all-time high.
Like other altcoins on this list, investors have been paying a lot of attention to IntelMarkets (INTL). In the last few weeks, IntelMarkets has raised over $730k in its ongoing crypto ICO as investors join the next big thing.
Building its trading platform from the ground up using the next-gen Rodeum AI in a bid to revolutionize the $36.5 billion crypto trading platform market, as per FMI. Thanks to Rodeum AI, the trading bots on IntelMarktes are self-learning, capable of studying your trading performances and coming up with the most suitable strategy for you.
IntelMarkets also has an Intell-M™ Multichannel Analysis, which gives its users access to over 1,000 technical sources through integrated data pipelines. This ensures they never miss any move in the market.
According to industry experts, these tools can help improve the profitability of traders. Hence, they believe the platform will attract a lot of attention, causing its native INTL coin to skyrocket in Q4. Early backers have already witnessed INTL see 100% price growth to trade at $0.018. However, investors have high expectations of $0.50 before the end of this year.
In the past, there has always been an association of funds inflows into cryptos with a massive jump in the prices. So far, TRX, XRP, and IntelMarkets meet this criteria, leading to the bullish forecasts given by market analysts. While all three altcoins are set for price increase in Q4, INTL is set to see the biggest rise because it is developing what could be the future of trading platforms.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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