.png){kind=logo}
After the news of new trade tariffs announced by U.S. President Donald Trump in Canada and Mexico, the crypto market trended downwards. As the big altcoins SHIB and Ripple suffered price declines, an AI crypto has been receiving much interest from the crypto community.
Its presale which continues to breach the $8 million mark, analysts have confirmed that this token demonstrates high chances of surpassing both Shiba Inu and Ripple in the near term. Read on and find out the reasons for such optimism!
Reviewing the SHIB weekly price chart, analysts uncover the fact that the price has traded within a symmetrical triangle pattern that has taken a year. Consequently, Shiba Inu has declined more than 10%. This recent Shiba Inu's decline, which commenced on December 2, was precipitated by a rejection off the upper resistance at $0.000033 and a plunge below a significant support trendline.
Earlier, the trendline had been an effective rebound area. Nevertheless, SHIB has since bounced to its current value of $0.000016, with the 100-day SMA also coming to its support, following Tuesday's announcement of its strategic agreement with the United Arab Emirates' Ministry of Energy and Infrastructure (MoEI).
According to analysts, if SHIB adheres to the pattern, a rebound might drive the price to the 50-day SMA, while a successful breach above this area could have the price aiming towards the upper resistance of the triangle around $0.000024. The MACD of Shiba Inu (SHIB) is also exhibiting signs of a probable reversal as well.
Recently, Ripple has been busy with the upgrade of its network. The network introduced its own stablecoin RLUSD on popular trading platforms, ZeroHash and Revolut, along with its Ledger XRPL. The move is intended to drive good vibes in the Ripple ecosystem.
Ripple has, however, been receiving some criticism and questions regarding the credibility of the network after the recent major technical bug on the XRP ledger. The bug caused a temporary shutdown of block production for about an hour, thus adversely affecting the XRP price.
The XRP price fell over 21% to $2.51, trading below some important moving averages, such as the 10-day EMA of $2.84 and 21-day EMA of $2.88. Trading below these moving averages indicates a bearish short-term sentiment for the XRP price.
While analysts predict the XRP price and SHIB to break out in the long term, most expect the AI crypto IntelMarkets (INTL) to outperform it this year. INTL is a rapidly growing presale token on the launchpad, and its potential is attributed to its deflationary mechanism, compelling tokenomics, and token burning mechanism.
INTL has a strong community support and provides good utility on advanced AI trading platform, IntelMarkets. This platform is creating a buzz in the cryptomarket due to its combination of AI with blockchain technology by integrating AI with blockchain technology, offering AI-based tools and innovative DeFi solutions.
Both institutional and retail investors are flocking to INTL's current presale, which has already earned over $8 million. Investors are attracted not just by the tokenization benefits—governance, voting rights—but also by the potential for massive returns, up to 30,000% projections.
INTL is now over $8 million, and analysts expect it to surpass SHIB and the XRP price, providing record-breaking returns at launch. Don't miss out—join the IntelMarkets presale today and secure your tokens for just $0.082 each in stage 9.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
