The rumors are settled and it is now official, SEC Gary Gensler is leaving his seat as SEC Chair. We also have a date, he’s going to leave on January 20, 2025. This confirmation has sparked hope amongst analysts and crypto enthusiasts that his exit should mark the end of the stormy relationship with the SEC.
While markets are rallying based on rumors about Gensler’s resignation, the official announcement will probably push Binance Coin (BNB) and XRP prices to new price gains. Both Binance Coin (BNB) and XRP prices need to be carefully evaluated and compared with higher growth choices like INTL.
Ripple (XRP) to Smash $3 Benchmark in the Current Market Rally
XRP price rose almost 24.75% after the announcement of SEC Chair Gensler’s resignation and has broken through its resistance price of $1.37. Experts predict that this breakthrough will set the base for Ripple to continue this rally. Technicals are also giving strong buy signals for this coin.
Source: CoinMarketCap
However, unlike expectations of $3, the next price investors should watch is $1.59, which is Ripple’s three-year high. XRP price last touched this range in April 2021. Long-term predictions are set at the coin crossing the $3 barrier.
Binance Coin (BNB) Unlikely to Breach $1000 Benchmark in the Current Rally
While crypto is having a revival of sorts, the wild predictions circulating need to be put to rest. Unlike many other coins, Binance Coin (BNB) has performed well YOY independent of any industry-wide rally. In fact, the current rally seems to have slowed its upward drive.
Source: CoinMarketCap
The coin grew by 165.54% in 2024 and is currently at $625.21. Out of this, growth has slowed in rallying November to just 7.39%. While technicals support the buying inclination, investors must realize that the $1000 benchmark is far off for BNB for now.
The predictions by analysts forecast a range of $550 to $700 for Binance Coin (BNB) by 2025. This leaves the wild predictions of $1000 prices as pipe dreams. Instead, it makes commercial sense for investors to pick quick growth options like INTL.
IntelMarkets INTL Poised for 4000% Take Off into History
IntelMarkets (INTL) is a dynamic crypto trading ecosystem offering users access to perpetual futures contracts with advanced leverage options. Perpetual futures are attractive for investors as they do not have any expiry dates. This is one of the reasons why the project is getting attention from the industry.
IntelMarkets users will get incomparable flexibility and scalability from its dual-chain architecture built on both Ethereum and Solana blockchains. Traders can pick the blockchain of their choice, utilizing the benefits of each to optimize trading strategies.
This selection offers traders fast execution, comprehensive risk management tools, and a diverse range of asset pairs. INTL has already raised $2.45 million from Fortune 500 investors and a sovereign wealth fund. It has recently opened up investment for general investors.
Conclusion
Both Binance Coin (BNB) and XRP prices are rising, although for completely different reasons. The improvement in the crypto market outlook after SEC Chair Gensler’s announcement means that there is an optimistic outlook for all crypto projects.
Upcoming projects like Intel Markets INTL will benefit from this optimism but will deliver on their performance parameters. However, careful assessment of existing coins will show that these claims of XRP price touching $3 and BNB touching $1000 are a little too early.
Check out the IntelMarkets for more information about the technical platform, or Join the Presale for exclusive benefits.
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