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Both Cardano and Ripple have emerged above the bearish formation that has covered the cryptocurrency market. Currently, their prices are above the 50-day SMA, which points to the fact that bulls are in control.
Also, Intel Markets has been noticed by the crypto community. The trading platform houses lots of new features and modern trading tools, leading investors to predict its native coin could rally by 1,100%.
IOHK Unveils Cardano (ADA) Wallet Update
In the latest Cardano news, IOHK has announced the release of Daedalus 6.0.0, a new update to its desktop wallet. According to IOHK, the Daedalus 6.0.0 upgrade is a mandatory update for all users. This is because it will help them get prepared for the upcoming Chang hard fork.
Interestingly, the upgrade has lots of fixes and new components that solve the issues wallet users have been battling. While the Chang hard fork upgrade is still on the way, let us see how Cardano price USD is performing.
Based on the data collected from CoinMarketCap, the token’s value is higher on the weekly and monthly charts. Its market cap is valued around the $10-$16 billion mark. Analysts predict that the Cardano price could increase above $0.500 so long it trades above the 50-day SMA ($0.381262).
Ripple (XRP) Price Soars Ahead of Major Event
Ripple announced it would be hosting the event known as Ripple Swell 2024, slated for the 15 and 16 of October in Miami, Florida. This annual event will see many big names from the cryptocurrency world, fintech, and blockchain industry in attendance.
Some notable names are Ripple CEO Brad Garlinghouse, Superintendent of the NYDFS Adrienne Harris, Coinbase Chief Security Officer Philip Martin, and many others. Meanwhile, the Ripple coin is performing well ahead of the event.
Its market cap is oscillating between $22.5 billion and $37.5 billion on the monthly timeframe. Experts say the value of Ripple XRP could increase in the coming months as long as it remains above the 50-day SMA ($0.55183). Coincodex predicts the Ripple price might reach $0.724281.
Intel Markets Wows Investors With Offerings
Intel Markets (INTL), an upcoming crypto exchange, is offering traders the most scalable and flexible trading experience they can not get elsewhere. Integrated on Solana and Ethereum, Intel Markets is above other exchanges in the crypto world.
It has a vast number of benefits, such as a low cost of operations, high transaction speed, high throughput rates, fast trades, security, and the ability to have a say in assets. Also, it has high liquidity and leverage of up to 1000x to enable traders to trade in large volumes on Intel Markets. There is also an AI-powered trading bot that has a good, proven track record.
The bot has provided over 1,200 traders with profitable performance. Another feature that makes Intel Markets stand out is its perpetual futures trading option. The perpetual futures market has lots of advantages, like high leverage, high liquidity, quick trades, and 24/7 access. In 2022, the average total daily trading volume of perpetual futures contracts across all exchanges was $101.9 billion.
Why Intel Markets Will Outperform Ripple and Cardano
Intel Markets is aiming to create the best trading platform in the crypto world. It will have a number of new trading tools and other features to give users the best trading experience. According to the analysts, the value of Intel Markets coin is expected to increase by 1,100% in the coming weeks.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Source: https://finbold.com/cardano-and-ripple-price-rallies-as-new-trading-platform-gains-investors-attention/