The crypto market took a downswing, as has Ripple (XRP). The Layer-1 crypto Solana (SOL) also tumbled, sparking questions about whether the $200 support would hold or not. Nevertheless, sentiment remains bullish—the latest dip is no more than a much-needed correction for the next leg up.
Meanwhile, IntelMarkets’ (INTL) presale dominance continues. The new AI crypto has become an investor favorite, standing out for its blend of AI, blockchain and DeFi and its future transformation of the crypto trading scene with an AI-powered trading platform. With adoption all but certain, experts believe it is among the new DeFi projects to keep on the radar.
IntelMarkets (INTL): AI Crypto Maintains Bullish Momentum
Despite recent price actions, IntelMarkets (INTL) maintains an upswing. The new AI crypto sells out fast in presale as sentiment shifts toward promising narratives and tokens that serve as a safe haven. In the seventh stage of the ICO, over $4 million has been raised in early funding.
The rising interest and demand can be linked to its impending transformation of the $264 billion global crypto trading market and significant growth prospects. As an AI-powered exchange protocol, it aims to reshape the trading scene by integrating artificial intelligence across all levels. Its dual-chain functionality—compatibility with the Solana and Ethereum blockchains—makes it a strong crypto contender.
Currently, a token costs only $0.064, heavily discounted compared to top crypto coins like Ripple (XRP) and Solana (SOL). Moreover, a projected 5,500% gain after its debut makes it arguably the best new crypto to invest in.
Ripple (XRP): Maintaining Key Support Might Push Price Further
Ripple (XRP) experienced a significant correction as the crypto market nosedived. Like the rest of the market, red candles dominate its recent price actions—a 15% downswing on the weekly chart. The XRP price hovers above $2.2, tumbling from a monthly and yearly high of $2.8.
Despite bearish price actions, it presents a great buying opportunity, which savvy investors have been gobbling up. A retest of $2.5 will likely shoot Ripple (XRP) above $3 and flip the current all-time high of $3.84.
Meanwhile, technical indicators like the MACD level (12, 26) and 20-VWAM are buy signals hinting at price upswings. Moreover, a crypto analyst, Mel_Senechal, predicts that resilience above current support could push XRP toward $8.40 in the short term. Given its growth prospects, it is among the best cryptos to invest in.
Solana (SOL): $200 Support Might Spark a Comeback
Solana (SOL), a top 5 cryptocurrency, also trades alongside the bearish crypto market. The bulls lost momentum as selling pressure increased, dragging the Solana price toward the $210 support—a 4% decline in the past seven days.
Amid fear of further downswings, the $200 support might falter. However, key technical indicators like the 50-EMA and 50-SMA suggest a bounceback, positioning Solana (SOL) among the best altcoins to invest in.
At the same time, crypto experts remain unwavering in their bullish stance. Dapersiantrader, a crypto expert, believes Solana (SOL) finding support at previous highs could send the price higher; their first target is $420 with $200 as key support.
IntelMarkets (INTL): A New Investor Favorite Over Solana (SOL) and Ripple (XRP)
As an emerging altcoin, IntelMarkets (INTL) is a safe haven against market turbulence. Additionally, it has more room for growth than top altcoins like Ripple (XRP) and Solana (SOL), making it an investor favorite. Given its AI-DeFi narrative and massive growth prospects, it is a promising wave not to miss.
