The recent elections in the United States have boosted the bullish sentiment in the crypto market. Top altcoins, Ripple (XRP) and Cardano (ADA) are enjoying a liftoff, recording their biggest price increases in weeks.
In addition, IntelMarkets (INTL) has continued to dominate the cryptocurrency ICO space, raising over $1.91 million in funding. During this period, the price of its native token, INTL, has pumped by 300%. Analysts forecast a 10x surge could occur in the coming months.
Ripple (XRP) Price Soars As Active Accounts Hit 7-Month Peak
The Ripple coin has recorded some gains thanks to the latest US elections. Data from CoinMarketCap shows Ripple’s (XRP) price has increased by 1.6% and 0.9% on the weekly and biweekly levels, respectively.
In terms of price movement, the altcoin rose from $0.50 to a peak of $0.54. It is uncertain if the Ripple crypto will maintain this uptrend now that the elections are over. However, it is still below the 200-SMA ($0.541789).
Meanwhile, StephisCrypto says the Ripple price movement is mirroring its pattern in previous elections. The analyst forecasts the value of the cryptocurrency might rally to $9 in the coming year.
In other news, data from CryptoQuant reveals the number of active accounts on the XRP Ledger has increased from below 10,000 at the beginning of October to a 7-month peak of 24,411. A spike in active accounts could be bullish for the XRP price.
Cardano (ADA) Price Pumps As Transactions Hit New Highs in October
Cardano (ADA) has benefited from the positive sentiment in the crypto market to cross the $0.36 mark from a low of $0.33, according to CoinMarketCap data. While the Cardano coin has suffered some losses, it still has a daily gain of 8% and a weekly profit of $0.5%.
If the positive cycle continues, an uptrend to the first resistance at $0.38 and the second at the 200-SMA ($0.401) could occur in the coming weeks. Meanwhile, recent data show the number of transactions on the Cardano network increased by 980k last month bringing the total to 97.92 million.
This increase in transactions could mean investors are showing more interest in the Cardano crypto. Sssebi forecast the value of the cryptocurrency could soar to $1.400 if Trump wins the US election.
IntelMarkets (INTL) Raises Almost $2M in Funding
IntelMarkets (INTL) has received a warm welcome from investors since the beginning of its presale. This is evident from its performance so far. The project has raised over $1.91 million in its crypto ICO, while the INTL coin has increased by more than 300% to hit its current price of $0.045.
This remarkable response shows the interest in the approach used by IntelMarkets and its ability to revolutionize crypto trading. The project is quickly becoming one of the most popular in the DeFi market, mainly due to the use of Artificial Intelligence. Different from other platforms, IntelMarkets engages self-learning trading bots that can recognize market trends and enhance their performance by learning from the experience.
These intelligent bots are able to adapt to changes in real-time and optimize the strategies in real-time which can lead to much more accurate trades in the rather unpredictable business of crypto.
Additionally, IntelMarkets has a copy trading feature that allows traders to copy the moves of experts. By doing so, newbies can make profits without having so much knowledge of the market. Furthermore, the platform has a 1000x leverage for high profits and risk management tools.
Final Thoughts
While Ripple (XRP) and Cardano (ADA) are enjoying the post-election sentiment, IntelMarkets is aiming higher for new targets. Analysts forecast the price of the DeFi coin could surge by 10x in the future. They argue that IntelMarkets might be the perfect cryptocurrency for investors looking for altcoins with high growth potential.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
