In recent news, a former Ripple (XRP) director provided some clues regarding the possible timeline for an XRP ETF, which has generated enthusiasm about what could be a catalyst for XRP’s price surge expansion.
Also, the integration of Zebec Network with the Sui (SUI) ecosystem now allows card users to make payments using Sui tokens. Meanwhile, IntelMarkets (INTL) has recently secured $1.6 million in funding, which shows that investors are increasingly keen on the DeFi project.
Ex-Ripple (XRP) Director Says XRP ETF Could Arrive Next Month
Former Ripple (XRP) director Sean McBride has given his insights on the timeframe for the launch of an XRP-based ETF and what he thinks the effect of this would have on the price of the Ripple coin.
McBride has suggested that an XRP ETF could be “landing” as early as next month, which seems far-fetched given the SEC’s ongoing legal battle. However, according to McBride, 2024 could be a turning point for Ripple XRP. He said that the price rally could start next year if the ETF launches this year.
Even with the current crypto market bull run, the Ripple crypto is bearish across all timeframes, according to CoinMarketCap. The 14-day RSI of the XRP coin has been on a steep decline in the last couple of weeks and if the bearish trend persists, it could drop to the oversold region soon.
Zebec Network Now Supports Sui (SUI)
In a recent tweet, Zebec Network, a smart payment platform, said it has integrated with the Sui Network on the Zebec Silver Card. The new integration will let users pay with Sui (SUI) or other coins built on the Sui network.
Zebec Network lauded SUI for being a fast-growing ecosystem in the Web3 space. In other news, the Sui token is trading under mixed sentiment. Although the cryptocurrency’s value is up 10% on the weekly timeframe, it has dropped 8% on the monthly chart of CoinMarketCap.
The 14-day RSI has fallen below 50, signifying an increase in bearish sentiment. However, analysts like CryptoKnight forecast the value of the Sui coin might cross the $2 mark soon. Another expert Z_Humphries gave a more daring prediction, saying the value of the altcoin could rally by 10x to hit $17.77 in the coming months.
IntelMarkets (INTL) Brings Industry-Grade AI-based Tools To Traders
IntelMarkets (INTL) has raised the bar in the crypto trading industry thanks to the use of AI technology. Unlike other trading platforms, IntelMarkets offers traders access to sophisticated AI-based tools to support trading activities. The core of IntelMarkets is Rodeum AI-based trading robots.
These sophisticated bots provide real-time, data-based trading analysis, which traders can use to make decisions. Traders can also automate the bots to make decisions on their behalf. This means that traders get to enjoy fast and effective trade execution, hence, they are able to make more profits with low costs.
Security is also highly important for IntelMarkets. The platform also features New Route X21 – a quantum-resistant protection for all transactions, ensuring that they are protected against future quantum computing threats.
This cutting-edge security feature means that even the smallest of transactions are safe, allowing users to trade without worry. As of now, IntelMarkets is priced at 0.036545 in the fourth phase of its blockchain ICO. Experts forecast its value could increase by 10x before the end of the year.
Final Thoughts
The $1.6 million funding received by IntelMarkets is an indication of the confidence that investors have in the platform and opens up the next chapter of the platform’s growth. This capital will allow IntelMarkets to extend its services in the DeFi market. While other big players such as Ripple (XRP) and Sui (SUI) are gaining attention, analysts say IntelMarkets could be the dark horse of the year.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets