The ongoing recovery in the crypto market has helped to push top DeFi projects like Avalanche and IntelMarkets into the limelight. While Avalanche’s TVL and Stablecoin market cap has increased, IntelMarkets has crossed $730k in funding.
Analysts say IntelMarkets could reach the $1 million mark before the end of October. Meanwhile, Ripple has received a license to offer payment services in Dubai.
Ripple (XRP) Receives License To Operate in Dubai
According to a recent tweet, Ripple (XRP) announced that it has received in-principle approval from the Dubai Financial Services Authority. With the new financial services license, the payment giant can now manage end-to-end payment services in the UAE.
Reacting to the news, crypto analyst Cryptoinsightuk said, “XRP is about to make moves.” Currently, Ripple crypto is trading above the 50-SMA at $0.572649 and the 200-SMA at $0.552774.
This position is a sign that bulls are in charge of the market and could propel another price rally to higher levels. Coincodex has two bullish Ripple price predictions. They say the value of the cryptocurrency could rise to a short-term target of $0.727973.
If the uptrend continues, Coincodex forecasts Ripple coin price could pump to $0.743019. Such a move would bring the altcoin closer to the $0.8 region for the first time in months.
Avalanche (AVAX) On-chain Metrics Rises
The Avalanche (AVAX) ecosystem has experienced an increase in activity recently as the market is on the way to recovering the damages from the bear market. Analysis of on-chain data showed changes in specific Avalanche (AVAX) indicators, particularly the total value locked (TVL) and stablecoin market cap.
According to data from DeFillama, the TVL of Avalanche crypto has crossed the $1 billion mark this week for the first time since April. Also, the stablecoin market cap has surpassed the $2 billion mark, showing more interest in the network.
This increase in TVL and stablecoin growth shows that there is more organic demand for the Avalanche coin. Presently, the value of AVAX is trading between 50-SMA ($24.51) and 200-SMA ($32.54).
CryptoKaleo forecast that the Avalanche price could pump to $50 in the coming weeks. Another analyst, Theo_Crypto99, gave a target of $52.50.
IntelMarkets (INTL) Hits Milestone, Targets $1M in Funding for October
Today there is much attention on IntelMarkets (INTL). The DeFi project has raised $732k in crypto ICO and is now aiming for $1 million. Analysts are very bullish about IntelMarkets and its future potential. This is because IntelMarkets is entering a massive sector, the $36.5 billion global cryptocurrency trading platform market.
IntelMarkets will be incorporating AI and blockchain technology into its upcoming crypto exchange. That is not all. IntelMarkets will be a dual-chain platform supporting both Ethereum and Solana. Traders can choose what blockchain they want to use. Ethereum is valuable for security and access to liquidity pools, while Solana is well known for their speed and cost per trade.
Intels Markets is said to be 500x faster than Starknet in daily trade settlement. But, there is another type of trading done on IntelMarkets called perpetual futures trading. This type of trading has no expiration dates and is available 24/7, meaning there are no restrictions on the time that a particular user can spend trading.
Other benefits include access to high liquidity, high leverage of 1000x, and risk management tools. Because of its growth rate, analysts have forecasted that the native coin of the exchange, INTL, could skyrocket from $0.018 to $0.3 before the year ends.
The Best Cryptos To Buy Among Avalanche, Ripple, and IntelMarkets
Avalanche (AVAX), Ripple (XRP), and IntelMarkets have achieved new milestones in the past week. Analysts forecast their values could skyrocket in the coming weeks as the market gets prepared to end the year with a bang.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
