Ripple (XRP) Whales Are Buying Tons of This New 10x Coin As Toncoin (TON) Face Potential Sell-Off
The latest action of Telegram to bend to regulatory pressure has raised questions about the future of Toncoin (TON), a cryptocurrency that has been riding on its success. Analysts like Ali Martinez believe the value of Toncoin (TON) could drop in the coming weeks.
Presently, crypto whales are now focused on Ripple (XRP) and IntelMarkets, a new project that analysts have tipped as the best crypto to buy for gains in 2024. IntelMarkets is in the second phase of its presale and has recorded a 100% price growth.
Toncoin (TON) At Risk of Sell-Off, Says Martinez
According to a recent report, the messaging app Telegram will share more information with governments, including users’ IP addresses and phone numbers, in case of valid legal requests. The news has sparked outrage with many tagging it a breach of privacy.
Responding to the news, crypto analyst Ali Martinez said Toncoin crypto could experience a sell-off. He compared the price movement of the altcoin to that of Celestia, which has plummeted to former lows. In the meantime, the Toncoin price is still up on the weekly and monthly timeframes.
The cryptocurrency, which fell below $5 after the arrest of the Telegram CEO, is now trading above the 200-SMA ($5.56). Despite Martinez’s bearish outlook, Coincodex forecasts that Toncoin price USD might soar to $7.55 in the next few weeks.
Ripple (XRP): Whale Moves 30M XRP From Bybit
Although Ripple (XRP) has been in a range-bound trend in the past few weeks, large investors’ have been on a buying spree. Whale Alert revealed in a tweet that a whale moved 30 million Ripple (XRP) coins from Bybit to an unknown wallet.
This outflow of Ripple XRP from crypto exchanges is currently on the rise, thus pointing towards the increasing demand for digital currency. Presently, Ripple price is fluctuating between $0.5 and $0.6 on the monthly timeframe.
Analysts are expecting the token to break out of the narrow range soon and head towards $0.7. Coincodex predicts the value of Ripple coin could reach $0.698126 in October. Vickyvi99330478 says the cryptocurrency, which is above the 50-SMA ($0.570597), could pump to $0.9347 soon.
Whales Show Interest in IntelMarkets (INTL)
Like Ripple (XRP), IntelMarkets (INTL) has also caught the attention of whales. The project has raised over $570k in funding and is heading for $1 million. Analysts forecast the price of IntelMarkets could rise by 10x in 2024. IntelMarkets is an upcoming exchange that has adopted the latest AI and advanced tools to make market analysis and decision-making easier.
This, in turn, will help traders make more money. The platform can process and evaluate more than a thousand sources for over a hundred thousand assets to give valuable information. Also, IntelMarkets’ AI trading bot can analyze traders’ trading behavior and assist in the development of an individual trading strategy.
The bots are also self-learning. This means this bot can learn from its mistakes and use the information to improve its prediction. The bots can also change resource distribution, control risks, and define profit levels depending on market conditions.
Furthermore, IntelMarket’s real-time data analysis gives instant information on the market condition and the movement of assets. Other benefits of using IntelMarkets include its dual-chain architecture, which provides fast transactions at low cost, high liquidity, high leverage of 1000x, etc.
Investors Turn From Ripple (XRP) To the New ICO, IntelMarkets
Due to the current situation, many investors are now trying to shift their focus from Toncoin (TON) and now they are looking towards Ripple (XRP) and IntelMarkets for future gains. The prices could climb higher in the next few weeks, with much expectation on IntelMarkets which has not had its first bull run.
Discover More About IntelMarkets:
- 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.
