The crypto market is still constantly evolving, with projects coming up with new ways to improve their services. To this effect, BNB Chain has partnered with SingularityNET to improve decentralized storage.
Also, Ripple has expanded its documentation ID to include institutions in China and Hong Kong. Meanwhile, Intel Markets is launching a crypto trading platform with a multi-blockchain strategy. The structure means Intel Markets supports Solana and Ethereum.
BNB Chain and SingularityNET Partner To Advance Decentralized Storage
According to an announcement, BNB Chain and SingularityNET plan to develop decentralized storage solutions in a new partnership. The goal is to promote ‘data-as-an-asset,’ meaning users can own their data and even earn on it.
Also, they will collaborate to expand the adoption of the technology stack from SingularityNET and BNB Chain’s BNB Greenfield. On the flip side, Binance Coin BNB is showing losses on weekly and monthly timeframes.
Also, the BNB coin’s market cap is trading between $60 billion and $90 billion. At the moment, the Binance Coin crypto is a neural region, as seen in the 14-day RSI. Still, analysts are still optimistic about the Binance Coin price. They say its price could reach $799 if it holds the $520 support level.
Ripple (XRP) Expands ID Institution To Include China and Hong Kong
According to a recent update from a cryptocurrency influencer named Good Morning Crypto, Ripple (XRP) has expanded its documentation ID to include banks that are from China and Hong Kong. Before now, Ripple’s documentation only featured bank IDs for financial institutions in the Philippines.
Adding banks from China and Hong Kong will open Ripple XRP for adoption in financial transactions. In other news, the Ripple coin is trading above the 50-day SMA ($0.571627) and 200-day SMA ($0.54719).
This is a bullish sign and supports the notion that there will be more price increases. However, its 14-day RSI is in a neutral position, and this could be a hindrance. Coincodex forecast Ripple price might increase to $0.677378 in the coming weeks.
Intel Markets Gains Popularity for Dual-Chain Support
The new trading platform, Intel Markets (INTL), has quickly gained support for its concept that operates on two blockchains and incorporation Artificial Intelligence. The use of the dual-chain approach means that Intel Markets operates on two blockchains at the same time. They are Solana and Ethereum. Traders can choose to employ when trading.
Solana blockchain has low latency and can process a high number of transactions at a relatively low cost. Furthermore, the Ethereum network means that Intel Markets users can get exposure to large liquidity pools, decentralized finance and smart contracts. Intel Markets has even integrated artificial intelligence technology into its platform.
It can be used by traders to trade perpetual futures contracts, understand price oscillation, and make a sound decision. More than 1,200 traders have been able to earn from the bot, and thus the use of the bot should be embraced by especially the new traders.
They can also access a vast array of high-end trading tools present in Intel Markets, such as technical charting and real-time market displays. The INTL token has been released for presale and is priced at $0.009.
Can Intel Markets Surpass the Growth of Binance Coin and Ripple?
According to many top analysts, the Intel Markets coin has very future prospects because of its unique trading platform. Analysts forecast the price of the cryptocurrency will increase by 1,100% in the coming months.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Source: https://coinpedia.org/press-release/intel-markets-gains-popularity/