The post $200M Positions Liquidated Following Fed Rate Cut, Here Are Cryptocurrencies To Buy appeared first on Coinpedia Fintech News
The crypto community has been anticipating the new rate cut by the Fed with bated breath. As the time of the announcement drew near, many crypto experts and large banks predicted that the cut would be 25 BPS. However, the fed surprised everyone by shaving off 50 BPS instead, ushering a bullish momentum to the market.
Since the overall market sentiment was bearish before that, the rate cut saw $200 million in short positions liquidated and the following tokens emerged as the best cryptocurrencies to buy: XRP, Avalanche (AVAX), IntelMarkets (INTL), and ONDO.Â
A Large Transfer Shakes up Ripple
Rippleâs XRP is a notorious token known for attracting both investors and concerns at a similar pace. XRP hasnât really moved even while other altcoins achieved ATHs at the beginning of the year, so any large transfers happening in the Ripple ecosystem are highly unusual.
However, one such transfer happened on September 18, as Chris Larsen, co-founder of Ripple, transferred 50 million XRP tokens to an unknown wallet. This immediately caused XRPâs price to increase, as many XRP holders speculated that something big was in the works.Â
Since this move, XRP marked an 8.46% rise in value in 7 days, while still being down compared to its price a month ago. However, this large XRP transfer by the Ripple co-founder makes investors believe that new developments are coming for the token, and experts say that XRP could wake up soon and make up for all the times it didnât move at all in the past few years.Â
Experts Say That AVAX Is on Its Way to the Coveted $40 Mark
Avalancheâs AVAX is another token on many expertsâ lists of the best cryptocurrencies to buy. The reason behind this is the fact that AVAX has recently managed to break through a key support level and is now well on its way to new heights.Â
This new pattern in Avalancheâs charts can propel AVAX to reach the $40 mark, which may happen sooner rather than later if the current bullish sentiments after the rate cut prevail. Many experts say that the bullish momentum will continue and that Avalanche will resume its path upward.
With a current price of around $26.18, AVAX will realize an ROI of over 50% when it reaches $40. Compared to its price a week ago, Avalanche is now up by over 10% already, and an 18.98% rise can be noted on Avalancheâs monthly chart.
INTL Emerges as the Best Newcomer To Watch Out for This Year
Newcomers always offer the biggest potential if caught early. However, not all new projects have a future, so you must pick ones that do. This time, experts have picked for you, noting IntelMarkets as the next project with massive potential.Â
IntelMarkets has caught peopleâs eye due to the real-life utility and features it offers. Namely, IntelMarkets is an advanced trading platform that provides you with a suite of excellent features and tools, ones you can use to take your trading strategy to the next level. So, as an INTL holder and IntelMarkets user, youâll get the following:
The ability to trade on both Solana and Ethereum from the IntelMarkets platform
AI-powered products
Access to a wide range of major and niche trading pairs
1,000x leverage
Copy trading
Enhanced liquidity
The list goes on, but the features mentioned above are the ones that crypto experts praise the most, saying that they unlock a lot of new money-making opportunities for traders and investors.Â
ONDO Sentiment Turns Extremely Bullish Due to a New Development
This just in: the LCX Exchange will list ONDO and allow its users to trade the ONDO/EUR pair very soon. This news is just fresh off the press and ONDO holders are already excited about what it could bring to the token.Â
As a result, ONDOâs price hit the $0.64 mark, and experts say that ONDO is now on a good path to hit $1. Also, thereâs been some institutional interest in ONDO, something that could propel the token to even higher highs in the future.Â
Among Many Exciting Contenders, INTL Takes the Cake
Even though XRP, AVAX, and ONDO have bright futures ahead, crypto experts have singled out INTL as the most promising investment of this year. The reasons behind this are many, but the main ones include IntelMarketsâ real-life utility and INTLâs incredible growth potential.
Namely, INTL is currently in Stage 2 of its public presale, available for $0.018182. The presale will end when INTL reaches $0.11, marking an ROI of 1,100% for Stage 1 investors and an over 500% gain for those who invest now. Once INTL launches on exchanges, experts say that it could bring in at least 100x gains as more and more people get on board and start using the IntelMarkets platform.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram:https://t.me/IntelMarketsOfficial
Twitter:https://x.com/intel_markets
