The world of cryptocurrency changes faster than a chameleon in a kaleidoscope. While Toncoin (TON) finds it difficult to find a footing in its sea of red, the investors have begun jumping into the new ship. But the question is, where are they landing?
It seems that they are now exploring the established giant Ripple (XRP) and a new viral crypto, IntelMarkets (INTL). While Toncoin (TON) holders watch their portfolios bleed, Ripple (XRP) flexes its muscles and reminds investors why it’s the heavyweight in the crypto world.
But, it’s the newcomer that’s catching all the attention, IntelMarkets (INTL) with its revolutionary aim to democratize the crypto trading leaves Toncoin (TON) in the dust, and even gives XRP a hard time to compete. Let’s dive into the details!
Toncoin (TON) Market Shaken by Telegram CEO Arrest: Price Dips by 10%
Not only is Toncoin (TON) a leading altcoin, but it’s also one of the most popular ones. The introduction of Telegram mini applications propelled Toncoin (TON) into the spotlight, increasing demand. It has also made a number of price discoveries this year, the most recent being $8.24 in June.
However, it fell dramatically when Telegram CEO Pavel Durov was arrested in France on Saturday evening. Among the other things that are allegedly committed are fraud, money laundering, and terrorism. The price of Toncoin (TON) has plummeted by more than 10%, taking the brunt.
TON’s price has dropped 1.5% from the day before, and it is currently trading at $5.44. The loss is indicative of a broader crypto downturn and of course, the news of the Telegram CEO arrest plays its role as well.
The coin is now the tenth largest cryptocurrency with a market cap that has dropped by 1.49% to around $13.78 billion. Furthermore, the trade volume from the previous day dropped sharply by 17.28% to $913.5 million. This significant decline in trading activity suggests that buyers and sellers are going through a period of uncertainty.
Ripple (XRP) Gains Momentum Following SEC Settlement
Recently, Garanti BBVA, one of Turkey’s top banks, adopted Ripple (XRP). This update improves accessibility for investors interested in digital assets by enabling users to safely store and sell Ripple (XRP) directly through the Garanti BBVA Crypto app.
By providing investors with a safe platform to participate in the market, XRP’s inclusion reflects the growing interest in digital assets. Following the resolution of its extensive legal struggle with the U.S. Securities and Exchange Commission (SEC), the token has lately come to the spotlight.
Furthermore, this settlement, together with the asset’s recent price increase from $0.4 to $0.6, has reignited interest in it.
A recent $0.3 million influx into Ripple (XRP) investment products was reported by CoinShares, which is consistent with a more general upward trend in the cryptocurrency market. The possibility of an interest rate drop by the US Federal Reserve is one of the factors causing this interest.
In addition, Ripple (XRP) has demonstrated bullish momentum and has been trading above its 200-day simple moving average. Over the last month, it has had 15 green days. It also has a high liquidity, making it one of the finest cryptocurrencies to buy right now.
IntelMarkets (INTL): The Next Billion-Dollar Trading Platform
IntelMarkets (INTL) is adopting a unique approach to trading by building a community of traders who will become the next billionaires. With the best trading tools available, they will be able to track price fluctuations in real time and from any location thanks to the projects’ innovative features.
IntelMarkets (INTL) has recently launched its public presale for INTL, its native coin, and it has been met with an overwhelming response. The presale was able to raise over $150,000 in just a few days. With many uses within the IntelMarkets ecosystem, the token is priced at $0.009. Forecasters have projected a rise to $0.11 by the end of the year.
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