Due to the downturn plaguing the crypto market, Ripple (XRP) struggles to maintain an upside course, reversing gains accrued over the previous month. Meanwhile, IntelMarkets (INTL) and Sui (SUI) show defiance, gearing up for a significant uptrend in spite of the market’s depreciation.
Ripple’s XRP Crashes 15% in October: Is This the Bottom?
Since the start of October 2024, XRP has shed 15% of its market value, with the United States Securities and Exchange Commission’s (SEC) renewed appeal in the Ripple lawsuit driving the dip. Nevertheless, some analysts consider this drop a buying opportunity rather than a pickle.
In particular, CryptoBull, a widely followed cryptocurrency analyst, called attention to a similarity between XRP’s current price outlook and its 2017 trajectory. Back in 2017, XRP consolidated within a symmetrical triangle structure before achieving an almost 80,000% surge to its all-time high of $3.31.
Today, the Ripple coin’s chart looks nearly the same, with XRP approaching the climax of a similar triangle at $0.52 on its monthly chart. If this pattern plays out, Ripple’s XRP could witness a rally to $23.40, a 4,200% increase in its current price.
Unfortunately, the SEC’s announcement of an appeal in the Ripple case on October 2 has set a shock wave across the XRP chart, causing a sharp drop in the asset’s price and inhibiting a rebound. Presently, Ripple’s XRP is down 17.53% in the last seven days, trading at $0.53.
IntelMarkets Poised For Exponential Growth
While XRP is getting beat by selling pressure, INTL, the native token of IntelMarkets, remains in the hands of buyers, pushing the price higher. As of now, INTL is setting the stage for an exponential surge amid its ongoing presale as institutional investors begin to participate.
IntelMarkets is gaining traction in the crypto sector as a perpetual contracts marketplace where futures traders can amass unprecedented returns with high trading leverages. The platform offers up to 1,000x trading leverage, allowing traders to maximize their potential gains from even the slightest price movement.
Moreover, IntelMarkets runs on a dual-chain, including Ethereum and Solana, using their abilities to proffer users with the best trading experience. Compared to traditional perpetual contracts exchange, trading on IntelMarkets is faster, cheaper, and more rewarding with access to AI tools and in-house expert trade setups.
INTL is currently in Stage 3 of its public presale, going for $0.027 per token. The token is set for continuous price appreciation during its presale, and those who buy INTL tokens now stand to make a 300% profit when the token hits its final presale price of $0.11.
Sui Could Soon See a Price Increase: Here’s Why!
SUI’s lot has been altered since the debut of the conventional bullish month of Uptober, which has been marked by increased popularity and a sharp price uptick. Although Sui has yet to reclaim its all-time high price, it has become the most searched token over the last few weeks.
The sudden interest in Sui stems partly from the release of SCION, a Web3 security and latency reduction solution. SCION’s debut introduces additional use cases to Sui, which could impact its price in the long run.
Also, the introduction of the Grayscale Sui Trust has driven a significant number of new users, particularly institutional investors, to the Sui ecosystem.
Sui has also witnessed the eruption of meme coins within its ecosystem, similar to blockchains like Solana and Ethereum, over the last few days. This development has seen more liquidity flow into the Sui ecosystem, driving up the asset’s value.
Presently, SUI is trading at $1.82, up 1.15% in the last seven days. Given the level of attention Sui is getting lately, its native asset could reclaim its all-time high of $2.18.
XRP Investors May Turn to INTL And SUI
Considering the state of the Ripple coin, XRP investors might turn to better alternatives like INTL and SUI to escape the onslaught of the harsh crypto market dip. With these assets poised for explosive growth, XRP investors stand a chance to recover the losses incurred and even realize more gains in posterity.
This possibility makes INTL and SUI two of the best coins to add to your portfolio!
Visit Intel Markets Presale
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