Even though the sentiment in the crypto market is bullish, data from IntoTheBlock indicates that only 29% of Cardano holders are in profit. This places over 60% of investors in the red zone. At the same time, a crypto analyst predicted that Ripple (XRP) could be facing a violent breakdown any time soon.
Therefore, the focus is on the new 11x token – IntelMarkets. Experts claim that IntelMarkets may rise in value over the coming months, which puts it on the list of best cryptos to buy.
Cardano (ADA): Only 29% of Holders in Profit
One of the top crypto coins in the market, Cardano (ADA) is reporting bullish signs on weekly and biweekly charts. According to CoinMarketCap, the cryptocurrency has gained 14% in the 7-day chart and 13% in the 14-day chart.
Even with the price surge, more than 29% of Cardano ADA holders are in profit, as data from IntoTheBlock reveals. The information also revealed the number of holders in losses is 69%.
Going forward, the price of the Cardano coin must cross the 200-SMA ($0.462728) to put more holders in profit. If this happens, the value of the altcoin could test the $0.50 level and aim for the $0.60 region in the long run.
On the flip side, a bearish move could pull the Cardano price to the immediate support level at 50-SMA ($0.349039). If the bearish momentum persists, the cryptocurrency’s value could drop to the $0.30 level.
Analyst Forecasts Violent Breakdown for Ripple (XRP)
In a recent tweet, a top analyst, Jackis, forecasted the price of Ripple (XRP) could plummet in the coming weeks. In his own words, “The breakdown will be violent.” According to him, the trendline is super weak, and the distribution is too long.
In addition to the statements above, the analyst posted a chart that showed the Ripple price plummeting to zero. This bearish prediction comes at a time when the market is on the rise.
The Ripple coin price is now trading above both the 50-SMA at $0.5693 and the 200-SMA at $0.550498 which is a positive sign. The price has risen by 10% over the last two weeks. In contrast to Jackis’ bearish view, other analysts predict that the value of Ripple crypto could rise to $0.8000.
Investors Show Increased Interest in IntelMarkets (INTL)
Given the bullish price forecast from Jackis, investors are now hedging their investment with IntelMarkets (INTL). It is a new cryptocurrency perpetual futures trading platform that aims to transform the current cryptocurrency market. It also has sophisticated artificial intelligence trade instruments and materials that investors can employ to boost their probability of generating profits.
Among them, there are the Intelli-M™ robots that help traders o keep an eye on their portfolios and control their operations. This is unique to other bots in other exchanges to the extent that it has adaptive features and can analyze data from actual trading activities. IntelMarkets gives you information regarding many cryptocurrencies.
IntelMarkets has other trading tools, including the 1000:1 leverage, Real-time market data, and charting software. Besides these basic features, which are features that are a must for a trading platform like IntelMarkets, this trading platform is a dual-chain platform, meaning that the trader can trade on the Ethereum chain or the Solana chain.
The advantages of this are that trades are made at high speed, the fees charged are low, it can handle many transactions at the same time, the data is secure, and it gives users access to Decentralized Finance applications. In support of this next-gen trading platform for the DeFi market, the team has raised over $550K for IntelMarkets.
XRP, ADA, or INTL: Which is the Best Crypto To Invest In 2024?
Ripple (XRP) and Cardano (ADA) holders are transferring their holdings to IntelMarkets. This is because the market value of the global crypto trading market, which IntelMarkets is connected to, is worth $36.5 billion. Hence, the price of its INTL coin is expected to rise by 11x.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
The post Top Trader Pick New Coin for 11x ROI As Cardano (ADA) and Ripple’s (XRP) Bearish Sentiment Grows appeared first on TheCoinrise.com.
