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Ripple surges past Solana to claim the 3rd largest crypto spot as IntelMarkets pumps to $0.064091.
In a surprising turn of events, Ripple (XRP) took the position of the 3rd largest cryptocurrency, surpassing Solana (SOL) and USDT. Additionally, IntelMarkets (INTL) pushed its gains by over 600%, setting a new ATH at $0.064091.
Solana’s downtrend affects its market value
Over the past week, the price movement of Solana has been underwhelming. CoinMarketCap price information reveals the Solana price dropped 11.2% during this period.
This downtrend affected its position in the crypto market, pushing it to the 5th largest cryptocurrency by market cap. Solana’s market cap is now consolidating between $122 billion and $107 billion.
Many analysts suggest that the Solana coin price could drop to $200 if the bearish pressure remains. However, in the meantime, Solana’s 14-Day RSI is above the midline, which signifies the presence of bulls.
Ripple becomes 3rd largest crypto
Ripple surged by more than 25% during the Thanksgiving weekend, smashing the $2 mark on Sunday. The DeFi cryptocurrency has been building on an uptrend which started last month.
Data from CoinMarketCap shows the market cap of the Ripple token rose from $75 billion to $140 billion to become the third-largest digital currency.
In terms of price movement, the Ripple coin soared from $1.32 to $2.44. This price surge come amid rumors that Ripple Labs and the US SEC could settle their lawsuit in December.
Such a move could spark an uptrend to higher levels in the coming weeks. Analysts expect the coin to rally to $2.7 in the short term and $5.6 in the long term. However, Ripple’s 14-day RSI is above 90 and could witness some corrections in the next few days.
IntelMarkets soars to new peak
IntelMarkets is a new entrant to the world of crypto trading. It aims to use artificial intelligence and blockchain technology to transform trading.
Currently, in the presale stage, IntelMarkets’ price has increased to $0.064091. Analysts expect another increase of 10x in the coming months. The DeFi project has also raised over $2.7 million, showing the increasing interest from investors.
IntelMarkets offers retail traders institutional-level tools for trading, helping to close the gap between the newcomer and the expert trader. Combined with advanced solutions such as Rodeum AI and Intelli-M bots, this platform could bring about the possibility of complete automation of trading. The bots are self-learning, able adapt to market changes, and improve over time.
Another advantage is the multichannel analysis, which collects information from several markets, providing users with enough data to make trading decisions. There is also the 1000:1 leverage, which traders can use to make huge profits.
With the features above, IntelMarkets is transforming the concept of trading in the crypto market through automation, AI, and real-time processing, making it possible for both new and professional traders to succeed.
Conclusion
IntelMarkets and Ripple are maintaining bullish momentum, and their recent price surges place them among the altcoins to watch out for in the coming months.
For more information on IntelMarkets, visit their website, Telegram, or Twitter.
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