2024-9-6 21:00 |
Despite underwhelming market conditions, innovations continue in the crypto space. The fintech company Ripple announced plans to introduce smart contracts to the XRP Ledger mainnet, accelerating innovation and attracting developers.
Meanwhile, traders shift their attention to Chainlink (LINK) and IntelMarkets (INTL). LINK, a top altcoin, recently entered accumulation zones, with investors in a frenzy to position for gains, while INTL, an emerging token, boasts massive upside potential.
IntelMarkets (INTL): The Next Big Thing?IntelMarkets (INTL), the viral newcomer, attracts traders attention. Set to transform the DeFi world, specifically crypto trading, it has emerged as a top pick among investors. More than 2,000 investors have signed up and over $220,000 has been raised in early funding, highlighting confidence and interest.
Its unique contribution will be an AI-based trading platform aiming to reshape the $36 billion global crypto trading market. This blend of AI and blockchain technology is expected to push it to the forefront of DeFi trading, especially with its dual-chain functionality (compatible with Solana and Ethereum).
Contributing to its attraction is its robust and experienced team, made up of former executives of OpenAI, Goldman Sachs and Renaissance Technologies. With the ongoing presale already enjoying unprecedented success, its low entry point of $0.009 in stage 1 and a projected 100x uptick post-launch make it a must-have.
Ripple (XRP): Smart Contracts to Be Introduced to XRPLRipple (XRP), a payment-based cryptocurrency, was in the spotlight once again. The long-drawn legal battle with the SEC ended after the court’s $125 million penalty for breaching securities laws. It saw a quick uptick afterward, although selling pressure has since set in.
On the weekly timeframe, the XRP price stumbled over 2%, part of a broader market decline. It fell from the weekly high of $0.58, trading around $0.55. While a bounceback is anticipated, so is further decline.
In recent XRP news, the payment company announced plans to introduce smart contracts to XRPL. The upgrade aims to enhance the blockchain’s programmability, providing builders and users with a variety of use cases and accelerating innovation.
Chainlink (LINK): Targets ComebackChainlink (LINK), a decentralized Oracle network, is one of the altcoins on traders’ radars. It entered an attractive buy zone after the recent market dip, with savvy investors expanding their portfolios.
On the daily chart, the Chainlink price is down by 3%, hovering above $10.2. Part of a larger downswing, AVAX is 10% below its monthly high of $12.6. With interest seemingly tanking, a bounceback is on the horizon, prompting a shift in attention from seasoned traders.
A Chainlink price prediction stirring a buzz hints at a break above $15 in the coming weeks. But first, the week has to close comfortably above the $10 support before a more sustained traction. To ride the incoming bullish wave, AVAX is a worthwhile bet.
ConclusionRipple, a leading fintech, announced plans to introduce smart contracts to XRPL. This move will provide users with different use cases and accelerate innovation.
Meanwhile, Chainlink targets a comeback, set to break above $15. Also on traders’ radars is Intel Markets, a blend of AI and DeFi. Its 100x upside potential makes it a promising wave not to miss out on.
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