As XRP struggles to recover lost ground, its legal troubles are clouding its short term potential. While waiting for the air to clear, experts are turning to Cardano (ADA) and IntelMarkets (INTL) who are showing strong 10x potential.
XRP Price: Legal Setbacks and Market Decline
2020 was a horrible year for everyone. For Ripple in particular, as they got served with a lawsuit from the U.S. Securities and Exchange Commission (SEC). This regulatory standoff has negatively affected XRP, which hasn’t recovered since the news.
Contrary to the broader market, Ripple struggled in 2024. Currently, XRP is trading at $0.54 after dropping down from its 2023 high of $0.93.
Yearly Ripple Chart | CoinMarketCap
Bleading 20% on the yearly charts, regulatory concerns cloud the potential of the cross border payment solution. This has prompted savvy investors to look for alternatives with higher growth potential.
Cardano (ADA): Primed for Growth Amid Bull Market
Cardano (ADA) is renowned due to its Layer 1 blockchain infrastructure, that allows for the employment of decentralized applications (dApps) and smart contracts. This year Cardano has experienced share price fluctuations, although it is highly respected in the blockchain space for its focus on sustainability and scalability.
The resolution of the US election reflected positively on Cardano’s price, now trading at $0.61, increasing over 80% in the last 7 days.
Weekly Cardano Chart | CoinMarketCap
This has rewarded those who got in early. Going forward, experts are bullish for the price outlook of Cardano, predicting that a $1 is on the cards. As the market grows more focused on sustainable blockchain technology, ADA could see 10x returns to early investors as it comes out of its current price slump. With its solid fundamentals along with its well established community support makes Cardano a good investment choice.
IntelMarkets (INTL): AI-Powered Crypto with 10x Potential
A newcomer into the world of trading is IntelMarkets (INTL). The AI powered trading platform, which combines blockchain and DeFi has excited Fortune 500 investors, who have backed the project pleading over $550,000 as an initial investment.
IntelMarkets is currently available for presale at $0.04 per token. Having raised more than $2,000,000 from retail investors already, analysts claim that IntelMarkets has the potential to 10x by January 2024. Having the potential to redefine the way crypto is traded, early adopters have the chance to profit from the AI-DeFi revolution by investing in INTL.
Conclusion
With XRP’s legal troubles, many are wondering if Cardano will continue its bullish momentum. To celebrate the resolution of the US election, IntelMarkets is offering to match your deposit by 50%, if you use the promo code:
USA
Hurry up, it may be too late!
Read More to Learn about IntelMarkets: