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Breaking News: The Ethereum Indicator That Never Missed A Bottom Is Signaling Again, This Time At $700
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Breaking News: The Ethereum Indicator That Never Missed A Bottom Is Signaling Again, This Time At $700

Whale Alert: Institutional Investors Flock to Ripple and IntelMarkets—Is Dogecoin’s $1 Dream Over?

Bitcoinist
by Bitcoinist
Last Updated: December 5, 2024 10:00 pm
·
Posted in Altcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Due to the potential upsurge in the crypto market, crypto whales are stacking altcoins that could give huge gains in the coming weeks. Two of the top altcoins on their list are Ripple (XRP) and IntelMarkets (INTL).

Analysts forecast the value of Ripple could rise to $5 after it breached $2. Also, IntelMarkets is expected to see 15x gains in the future. Meanwhile, Dogecoin (DOGE) has left investors doubtful about its $1 goal.

Ripple (XRP) Predicted To Reach $5 As Whale Activity Pumps

Ripple (XRP) has been enjoying a huge bullish trend. The price of XRP reached an astonishing 6-year high of $2.81 on December 2. Current data from CoinMarketCap shows the Ripple coin has gains of 86.5% on the 7-day chart.

There are also profits of 138.3% on the 14-day timeframe and 432.4% on the 30-day level. Ripple’s recent rally correlates with the increase in whale activity.

Santiment data shows that wallets with between 1 million and 10 million XRP have bought an additional 679.1 million tokens in the past three weeks. Such massive accumulation indicates that traders are optimistic about the Ripple crypto. They expect further increases in the value of XRP.

ThinkingCrypto1 predicts the value of the Ripple token could pump to $5-$8 this cycle. Moreover, an asset management firm, WisdomTree, has applied for an XRP spot ETF. With Gary Glenser set to leave office in January, a Ripple ETF could hit the market soon.

Early Buyers See Over 600% Returns As IntelMarkets (INTL) Pumps

IntelMarkets (INTL) continues to make waves in the crypto market, gaining attention from whales. The DeFi project has entered the seventh stage of its presale, hitting $2.7 million in funding. Early investors who joined the crypto ICO in stage one have seen their portfolios grow by more than 600%.

Currently, the INTL coin is trading at $0.064091. According to experts, the price may rise up to 15x in the next few months. IntelMarkets is on a mission to assist traders by leveraging the potential of artificial intelligence and blockchain technology, which gives an edge to small retail traders. IntelMarkets has AI-based bots that can analyze the market.

These bots can evaluate a lot of market information, complex trends, prices, and indicators. Also, they work at top speed and can take hold of opportunities, which is a great advantage for any trader. The other advantage of these bots is that they can be used by traders who have little or no experience in trading.

With Intelli-M™, even a newbie can set up very sophisticated trades. Also, they don’t have to monitor price fluctuations in the market or even understand the technicalities of such chart patterns. Such features make IntelMarkets’ AI bots a must-have for every trader.

Experts Bullish About Dogecoin (DOGE), Predicts Move To $1

Dogecoin (DOGE) enjoyed a great bull run in November. Its price rose from $0.15 to peak at $0.475. This sharp increase in price was mainly driven by the outcome of the US presidential election, which saw Donald Trump emerge as the winner.

Many analysts are expecting the same Dogecoin price trend to repeat itself in December. Yet, it is uncertain what the catalyst could be. However, Bitcoin’s ascent above $100k could spark the uptrend.

CoinMarketCap data shows the Dogecoin crypto price has increased by 168.7% on the monthly level and 3.4% on the weekly timeframe. Looking ahead, ProfessorAstrones believes XRP money could flow into the Dogecoin token.

The analyst told his followers DOGE might rally to a first target of $1 when this happens. ProfessorAstrones added the memecoin might reach $3-5 next year. Another analyst who believes XRP investors could push their profits to Dogecoin (DOGE) is Johnny.

In Summary

Ripple (XRP) and IntelMarkets are among the best coins to invest in now for future gains. On the other hand, analysts believe investors who have made profits from XRP could invest in Dogecoin (DOGE). They remain optimistic about the $1 target.

Discover More About IntelMarkets:

Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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