Altcoins Jump Back To Life After Inflation Data: XRP Goes Up 20%, Polkadot Pumps 18%, IntelMarkets Hits $4.1M Presale

Ripple (XRP) surges by an impressive 20% despite the market crashdown owing to XRP’s stablecoin approval. Polkadot (DOT) continues to impress in the cryptocurrency sphere, earning acclaim for its fresh approach to interoperability and scalability. Amid discussions on DOT’s price trends and XRP’s surge, another significant narrative is the increasing number of investors turning to IntelMarkets to expand their gains.

Ripple Analysis Suggests Bullish Momentum For XRP

XRP has surged over 20% since Tuesday after Ripple announced it received approval to launch its RLUSD stablecoin. Since recovering from the dip just below $2, investors have booked nearly $800 million in profits. This developing trend of high profit-taking upon any major price rise could slow down XRP's bullish momentum.

Additionally, XRP's weekly active addresses have also begun to taper off, declining from 496K last week to 341K on Wednesday. This signals lesser on-chain activity and investor interest in the Ripple token.

Meanwhile, the XRP options market shows that traders favor an upside move, with the $5 call being the second-most traded XRP option, according to Amberdata, CoinDesk reported.

Recent Price Trends & Future Outlook for Polkadot

Polkadot (DOT) has recently experienced varied market sentiments. It enjoyed a brief uplift following general market recoveries yet encountered resistance at $5.50, causing some hesitation among traders.

Now priced around $5.20, Polkadot (DOT) shows potential for upward movement if it can surpass these resistance barriers. Current analyses suggest a potential rise to $6.50 soon, assuming the market remains favorable and the token garners substantial trading volume.

Polkadot’s (DOT) commitment to development, particularly through parachain auctions and enhanced staking rewards, strengthens its market standing. These innovations are considered crucial by investors for boosting DOT’s long-term value, stirring excitement about its ability to hit double-digit figures by 2024.

Achieving such milestones will depend on continuous community backing and wider acceptance in decentralized finance (DeFi) and Web3 sectors. Currently, Polkadot (DOT) is witnessing a massive surge in momentum.

IntelMarkets: Hottest Altcoin With A Bright Future Using AI Automation

IntelMarkets is emerging as a lucrative contender in the crypto trading sector. This cryptocurrency is currently in the seventh presale stage and has already experienced a massive 620% surge, becoming the hottest altcoin investment of the year.

The AI platform is set to flip the space with its AI-enabled trading bots that execute high-frequency accurate trades. It uses unique AI algorithms to enable live data processing, market-related predictions, and automated trading strategies.

Experts believe that the altcoin can see a major price surge in the upcoming year due to its special value proposition, and a growing demand in the crypto trading space for AI-enabled unique solutions. Since more investors look forward to automated trading solutions, IntelMarkets is in the right position to garner a considerate crypto market share.

This game-changer has already garnered massive attention in its presale, raising over $4.1 million in record time. IntelMarkets is not just another cryptocurrency initiative; it is the future, supported by $550,000 from Fortune 500 investors and the Sovereign Wealth Fund, as well as the experience of tech giants from MIT, OpenAI, and other places.

Discover More About Intel Markets:

Presale: https://intelmarketspresale.com/

Buy Presale: https://buy.intelmarketspresale.com/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets