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Ripple (XRP) and Cardano (ADA) surge toward $3 as analysts point to IntelMarkets (INTL) as the next altcoin to breakout.
The crypto market has witnessed massive price breakouts from Ripple (XRP) and Cardano (ADA) in the last month. These altcoins were among the low-performing coins a few months ago but have recently crossed the $1 mark, aiming to ride the bullish wave to $3.
Meanwhile, a relatively new token called IntelMarkets (INTL) is steadily getting the attention of experts. Given its upcoming AI-based trading platform and advanced tools, the experts forecast IntelMarkets could be the next coin to explode.
Double bottom pattern breakout might push XRP to $3.6
After feeling the heat of the US SEC’s lawsuit for years, XRP has finally taken flight. The cryptocurrency has pumped from a low of $0.50 to a peak of $2.82 in the last 30 days. Such movement translates to a price increase of 464%.
XRP has even outperformed Ethereum and Bitcoin. Moreover, analysts believe the rally is not over yet. They believe Ripple winning the Ripple-SEC lawsuit could kickstart another bull run.
Javon Marks predicts the XRP price might pump to $3.317 in the short term before skyrocketing to $99. Another analyst, Random Crypto Pal, noted that the Ripple token had formed a double bottom pattern on the monthly chart. He suggested that a breakout above the neckline could send the altcoin to $3.6.
XRP’s technical indicators also support the uptrend. The VWMA and Hull Moving Averages are displaying buy signals.
Cardano could ride historical trend to $3
Cardano has dipped to lower levels after facing resistance at $1.30. The altcoin that has been on a rally in the past week but failed to cross this level despite the bullish momentum in the market. This means there are a large number of sellers at this level.
However, the Cardano price chart shows its value has jumped by 27.0% in the weekly timeframe, 57.7% on the biweekly, and 258.9% on the monthly timeframe. Additionally, the Cardano network hit a transaction speed of 1 million TPS running on Hydra. This massive increase in speed bodes well for the blockchain and ADA.
Rekt Capital predicts the value of ADA could skyrocket to $3 based on historical trends. According to him, the cryptocurrency’s price will be pumped to this target after surpassing $1.72.
INTL set for massive rally with AI and trading fusion
IntelMarkets has attracted investors’ attention with its transformative approach to introducing AI and blockchain to the crypto trading market.
IntelMarkets will include a flagship tool called Rodeum AI-based trading bots. These self-learning Intelli-M™ bots will be capable of modifying their performance depending on the existing market conditions.
The bots will help traders deploy their algorithms, set parameters, including risks and leverage, and trade more effectively without active monitoring.
IntelMarkets will also have a dual-chain architecture. This means it will function on Ethereum or Solana, allowing traders to choose which blockchain to use. Ethereum is known for its highly developed DeFi space, while Solana offers faster and cheaper transactions
IntelMarkets is currently trading at $0.064091. With its exciting features, IntelMarkets could become the new face of crypto trading, with experts predicting a 10x pump in the coming months.
Conclusion
XRP and ADA could rise to $3 in the coming weeks given the bullish sentiments surrounding them. Meanwhile, IntelMarkets is generating traction in the market even while in its ICO. Analysts say this new altcoin could be the blue-chip crypto the market is looking for.
For more about IntelMarkets, visit their website, Telegram, or Twitter.
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