Equally, an emerging altcoin has registered similar development, with whales now commanding a substantial portion of its supply after an intense acquisition round.
Let’s find out more about this cryptic altcoin that has captured the interest of crypto whales!
Whales Purchase 470 Million XRP, But the Ripple Coin Struggles to Keep Up
The last ten days have seen deep-pocket investors, colloquially dubbed whales, scoop a whooping 470 million XRP as they grow more confident in the altcoin’s future. This development comes hot in the wake of an announcement by the CEO of Mastercard, who claimed Ripple’s XRP was poised to take Swift’s place for worldwide transactions.
Discussions are in progress to introduce the XRP Ledger (XRPL) onto the scene for transactional purposes, representing a significant shift in the global financial landscape. Also, Ripple intends to initiate pivotal upgrades on the XRP Ledger to bolster liquidity and attract institutional investors.
Hundreds of millions of dollars could be funneled into XRPL-based tokens, particularly within the DeFi sector, with these improvements. Ripple considers the XRP Ledger as the future of institutional flow and liquidity, permitting a massive inflow of capital into the exchange.
Amid these developments, Brad Garlinghouse, the CEO of Ripple, made adjustments to his $5 trillion forecast of the crypto market’s valuation by the year’s end. He stated that his prediction may have been conservative, considering the rate at which the ecosystem is growing lately, which could be a sign of a significant boom.
Meanwhile, XRP is trading at $0.60, down 2.53% in the last 24 hours and up 2.31% over the previous seven days. With the growing optimism amongst market players, XRP might eventually achieve a jump to $1.00, indicating a 66% increase in its current value.
IntelMarkets Witnesses Incredible Adoption Due to Its Innovative Features
As Ripple’s XRP sees increased purchases, another dual-chain altcoin, IntelMarkets, is witnessing the same. This buying spree can be attributed to the rising confidence in INTL’s future as the crypto market experiences a rebound.
IntelMarkets is making rounds as the new kid on the block, using blockchain and AI technology to disrupt the status quo. As a dual-chain perpetual contracts exchange, IntelMarkets offers a level of flexibility that allows users to switch between either Ethereum or Solana when trading as is suitable to their strategies and preferences.
Another benefit of its dual-chain approach is that it provides scalability, allowing users to transact faster and smoother without paying excess trading fees. That’s not all!
IntelMarkets helps traders maximize their potential trade returns by offering high trading leverages as high as 1,000x. With this feature, investors can realize significant gains from the lightest price movement.
It also offers enterprise-grade resources to improve traders’ experiences and, eventually, results. For example, IntelMarkets allows traders to access over 1,000 technically analyzed trade setups, self-learning robots, restricted trades, and copy trades. The platform will also allow traders to manage multiple positions using the same collateral.
INTL’s Presale Attracts Significant Interest in the Altcoin
INTL, its native token, has entered Stage 3 of its public presale, with Stage 2 investors up 50% in profit after the price rose from $0.018 to $0.027. Due to the level of interest the altcoin is gaining, almost $1 million has been invested in INTL, with over 5.2 million tokens sold.
Those who missed the first two stages may still realize a 307% ROI by the end of INTL’s presale after the price hits $0.11, its final presale price, provided they join the presale now. Moreover, following INTL’s exchange debut, experts believe the token could achieve 100x its opening price.
As a result of these projections, market players continue to show interest in INLT, leading to more investments in the altcoin.
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.
