Ripple To Launch MPTs, Shiba Inu Price Declines

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Just days after its reported settlement with the SEC, Ripple has announced plans to launch multipurpose tokens in the third quarter of this year. Lucie has given a quick recap of the latest updates in the Shiba Inu ecosystem.

Meanwhile, analysts forecast the value of Intel Markets will rise by 100% in the coming week. They believe it will outperform the price movement of the Shiba Inu token and Ripple in the coming months.

Ripple (XRP) To Launch New Multipurpose Tokens in Q3

According to a recent tweet from Good Morning Crypto, Ripple is planning to roll out a new token standard on the XRP ledger. Jasmine Cooper, Ripple’s Head of DeFi Product, talked about the new token type called multipurpose tokens (MPTs). 

Cooper said that MPTs are particularly built for RWAs in that one can store metadata. This integration will also allow organizations to easily use the XRPL network. In the meantime, Ripple XRP is trading between $0.4 and $0.65 on the monthly chart. 

The XRP market value is oscillating around the $22.5-$37.5 billion mark. Presently, the Ripple coin price is above the 200-day SMA ($0.5463). This means bulls are present in the market. However, Ripple crypto faces resistance at the 50-Day SMA ($0.578321).

Shiba Inu (SHIB) Price Down Despite New Developments

Lucie, the vibrant marketing specialist of the Shiba Inu, tweeted a weekly report for the Shiba Inu ecosystem lately. The report highlighted nine major developments in the community. Leading the list is the unveiling of the Shiba Inu Development portal, also known as ShibDev. 

Others are the DAO launch, listing on Kraken Pro, rebranding of Shib Eternity Game, etc. Unfortunately, these updates have not affected the price of Shiba Inu coin. The cryptocurrency is still battling with bearish pressure. 

Data from CoinMarketCap shows that the Shiba Inu price is below the 200-Day SMA ($ 0.00001976). Its market value is fluctuating between $6.5 billion and $9.5 billion on the monthly timeframe.

Intel Markets Set To Transform a Billion-Dollar Market 

IntelMarkets (INTL) is a growing crypto trading platform that has the potential to skyrocket in the near future. It plans to lead the perpetual futures trading industry, which sees a daily trading volume of more than $100 billion, according to Arvix. The advantages that Intel Markets has includes: an AI trading bot, 1000x leverage, copy trading as well as sophisticated trading tools. 

The AI bot helps the investors read chart patterns to estimate the possible ideal price. They can also use it in setting automated trades. In addition, the 1000x leverage means that the investors can make significant earnings with little invested capital. 

With copy trading, beginners mimic the trades of well-proven, successful traders to earn profits. Meanwhile, Intel Markets has opened a presale for its own token, INTL. Analysts forecast the price of the token will rise by 100% by next week. Its presale has equally been impressive, with over $220k raised in just a week.  

Can Intel Markets Give Ripple and Shiba Inu Holders 100% ROI 

Although Intel Markets is a new crypto project, analysts are very optimistic about its future. They believe Intel Markets is in a good position to capitalize on any positive sentiment in the market. With the features above, the adoption of the INTL could skyrocket in the future.

Discover More About Intel Markets:

Presale: https://intelmarketspresale.com/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets

*This article was paid for. Cryptonomist did not write the article or test the platform.