A new AI coin is gaining traction due to its stellar performance, with investors in its presale set to amass shocking gains. This AI coin has drawn the attention of Ripple (XRP) and Dogecoin (DOGE) whales, who are accumulating a substantial quantity of the coin amid its ongoing presale.
Let's find out the profit potential of this AI coin and why XRP and DOGE investors are stacking it up!
IntelMarkets Allures Crypto Whales: What is This AI Coin About?
IntelMarkets, a new AI coin, is making rounds in its presale, attracting the attention of whale investors from the XRP and DOGE ecosystems. The attraction to INTL's presale can be attributed to the profit investors are set to make before this round ends.
The other reason whales are attracted to INTL is IntelMarkets' groundbreaking features as a crypto exchange. Supported by two of the largest decentralized blockchains, Ethereum and Solana, IntelMarkets offers users a secure platform to trade futures contracts with low trading fees.
These blockchains endow the platform with flexibility and scalability, so users can trade on their preferred blockchain efficiently as their strategies require. Also, IntelMarkets offers up to 1,000x leverage options for traders to secure significant profits from trading futures pairs.
The AI coin INTL recently entered Stage 3 of its presale, pushing the price to $0.027. Stage 3 investors will cash out 307% returns on their initial investment in the coming weeks after INTL hits $0.11, its final presale price.
Pundit Discusses Why XRP is Struggling: Points Out Factors Determining Price Movements
Renowned XRP community figure Crypto Tank has remarked on the recent unimpressive performance of the Ripple coin. Taking to the microblogging platform X on October 13, 2024, the experts noted that he had received several comments on why XRP isn't moving.
In response, Crypto Tank alluded to the utility of XRP and the mechanisms within the XRP Ledger (XRPL) that drive up its price. He posited that XRP's value is determined by dividing the value and volume of transactions on the XRPL by the circulating supply.
While the common assumption is that XRP has a circulating supply of 56 billion coins, he argues that this conclusion is false. Crypto Tank asserted that the market does not actively use much of XRP's supply, only around 20% or 10 billion units in daily transactions, because private wallets owned by whales and exchanges control a larger part.
He centered his thesis on XRP's prospect of becoming the primary means of settlements by banks and financial institutions. Twenty-four hours after Crypto Tank's commentary, XRP gained 1.09% to trade at $0.538.
Dogecoin Records Increase in Active Users to 133,000
Dogecoin's active user base has grown parabolically, hitting 133,000, its highest point in eight months. This development has sparked curiosity about the potential impact of this growth on DOGE's price in the near term.
A surge in active users often suggests growing interest in an asset or increased participation in an ecosystem, such as Dogecoin. Historically, this uptick is usually followed by a boost in price movements, often corresponding with the general market outlook, resulting in either a steep rise or fall.
In DOGE's case, its chart shows the premier meme coin is in a consolidation phase around the $0.108 price range. Given that increased wallet movements or activities usually set the stage for a price breakout, DOGE is expected to make such a move shortly.
The meme coin faces resistance at the $0.116 price point, a wall it is expected to breach if the anticipated breakout leads upward. DOGE trades at $0.113, up 1.30% in the last 24 hours.
Why Are XRP And DOGE Investors Buying INTL?
With XRP and DOGE prices stalling, investors are opting for the new AI coin, INTL. These investors onboard INTL's presale to accumulate significant gains as the AI coin gears up for a rally.
Presently, IntelMarkets is gaining massive attention in the AI sector of the crypto industry, with experts commenting on its future. They believe the AI coin could become the next big thing in the impending bull run.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
