A crypto pundit opined that IntelMarkets (INTL), a new cryptocurrency from the artificial intelligence sector, has the potential to ignite the highly anticipated AI rally. The predicted rally could catapult INTL ahead of Ripple (XRP) and Dogwifhat (WIF), presenting it as a suitable investment vehicle.
Let’s find out why this expert thinks INTL can instigate a market-wide AI surge!
IntelMarkets is Expected to Ignite an AI Rally, Expert Says
A prominent crypto expert has recently hinted that IntelMarkets’ INTL could spark a major price move in the AI sector, driving the prices of AI-related cryptocurrencies upward. The expert made this suggestion in the wake of a sharp rebound across the crypto market, a recovery expected to extend to the AI sector.
IntelMarkets is a perpetual contracts trading exchange, based on a dual-chain system that supports top-tier blockchains such as Ethereum and Solana. As an AI-based project, IntelMarkets integrates AI products and tools, such as self-learning robots, to provide users with an automated trading experience.
The AI system can execute trades and take profits on behalf of users by mimicking their style and approach. This setup will allow traders to remain active in the futures market without needing to be present in person.
Seeing as AI is becoming the next big thing globally, IntelMarkets is attracting a significant number of users to its platform and the presale of its native token, INTL. INTL just entered Stage 3 of its public presale, with its price sitting at $0.027.
With more than $1.2 million invested in INTL’s presale thus far, it reflects the growing adoption of the AI coin. Increased adoption equals higher prices, suggesting INTL may be on the verge of an explosive price run, which could see the asset soar 10,000% from its current price level.
XRP Volume Rises 60% Despite a $266 Million Liquidation
XRP derivative trading volume rallied 60% within hours as liquidation across the crypto market ramped up to $266 million. On-chain intelligence firm CoinGlass revealed this development in a report on October 15, 2024.
Per the data provided, the derivative volume of the Ripple coin rose to $1.22 billion, ranking XRP above the ten most prominent cryptocurrencies, except stablecoins. XRP’s spot market also witnessed a similar spike in volume to $1.21 billion, marking a 40% increase from the previous day.
The Ripple coin’s market capitalization stands at $30.68 billion, up 7.92% within a day. Meanwhile, XRP is down 1% during the same time frame, with the price at $0.54.
WIF Bulls Target $2.89 as Major Resistance Test Approaches
Based on recent trading activities, WIF is in a bullish mode, charging towards $2.89, a key resistance zone. Following a short reversal, buyers are returning to the scene, pushing up the price of the Dogwifhat token and setting it up for a breakout.
The momentum towards $2.89 began after WIF recovered from the $2.60 support zone, where the price was held down initially. However, WIF reclaimed a price level above the 200-day Simple Moving Average, and it has traded consistently around this range due to the involvement of buyers.
The RSI on the 4-hour chart is at 62, meaning WIF is in the hands of the bulls. This outlook suggests that the asset could record additional gains in the near term as its price marches upward.
At present, WIF is down 8.44% to $2.56 due to a sharp correction in the market.
INTL is Predicted to Outshine XRP and WIF
Experts are predicting INTL will outperform XRP and WIF during the imminent AI and crypto market leg-up. This bullish projection has brought INTL to the spotlight, with investors advancing on its presale.
By the end of INTL’s presale, early investors would have made 11x their initial capital, amassing more gains than from XRP and WIF combined. The profit margin from its post-listing rally will be even wider, with experts projecting up to a 10,000% increase in INTL’s price, making it a good crypto to invest in.
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