As the fourth quarter of 2024 approaches, analysts are enthusiastic about watching various cryptocurrencies’ price actions. Two major altcoins have garnered the attention of crypto enthusiasts due to their opposing paths. These include Shiba Inu (SHIB) and Ripple (XRP).
Shiba Inu (SHIB) is set to soar in October as the coin reaches its monthly high. Analysts claim a complete bullish takeover of the coin. Ripple (XRP) opposes this and leaves investors needing clarification about its future price actions. The XRP lawsuit has been posing daunting challenges to the coin’s future.
In the meantime, IntelMarkets emerges as one of the top picks of the bull run. The emerging platform continues to exhibit massive gains regardless of the market sentiment, thereby attracting more investors!
What you'll learn 👉
Shiba Inu (SHIB) Explodes To New Highs
The price of Shiba Inu (SHIB) has been rising recently, setting new local highs. It is now the best-performing cryptocurrency out of the top 100 list for the last hour, having increased by 4%.
Shiba Inu (SHIB) currently trades at around $0.00001542, a figure last observed at the end of August. It became the 16th largest cryptocurrency in the world when its market capitalization surpassed $9 billion.
The recent resurgence of Shiba Inu (SHIB) aligns with the declining quantity of SHIB tokens available on cryptocurrency exchanges. On September 25, the number fell to a seven-month low, according to CryptoQuant, with almost 141 trillion coins held.
Given that it points to a move toward self-custody procedures and less immediate selling pressure, this may be viewed as a bullish element. The advancement of Shibarium may also be a factor contributing to the recent surge of Shiba Inus (SHIB).
The layer-2 blockchain system just accomplished a significant milestone of processing over 7 million blocks, according to CryptoPotato. These are some features that hint towards the prevalence of a bullish rally for Shiba Inu (SHIB).
Ripple: Regulatory Clarity Amid XRP Lawsuit And Bullish Momentum
Ripple, the company behind XRP, has been in a long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). The XRP lawsuit is considered a major reason for the consolidation of Ripple. Some analysts also claim the XRP lawsuit is the reason behind Ripple’s slump.
Despite the ongoing XRP lawsuit, Ripple has managed to maintain its position as one of the top cryptocurrencies by market capitalization. In recent weeks, Ripple has garnered attention as analysts believe that a resolution to the XRP lawsuit against the SEC could be imminent, with October being a pivotal month for XRP.
If Ripple secures a favorable outcome in the XRP lawsuit, the coin could experience a massive price rally. Legal clarity can open the doors for institutional investors who have been hesitant to invest due to regulatory uncertainty.
Additionally, Ripple’s ongoing efforts to expand its use cases, particularly in cross-border payments, have been futile amid the ongoing XRP lawsuit, making it difficult for the Ripple coin to maintain strength in the market.
Ripple’s price has shown strength in the face of market volatility, currently trading around $0.50. However, the monthly charts paint a pessimistic picture for Ripple, with a constant dominance of red candles proving bearish dominance. XRP lawsuit resolution can bring solace to Ripple.
IntelMarkets Sees A Constant Increase In Demand
IntelMarkets’ trading platform is powered by Artificial Intelligence. It uses real-time processing of massive volumes of data to make quick, precise conclusions. For traders of all skill levels, the platform provides copy trading and risk control features.
The AI platform- IntelMarkets – offers users freedom and opportunity that few other platforms can match, with up to 1000x leverage and dual-chain compatibility on Ethereum (ETH) and Solana (SOL).
With more than 14 million tokens sold, the INTL presale is becoming a movement in the crypto space. There’s going to be a price hike for the INTL tokens in the coming stages. Over $527,000 has already been raised by early investors, and the remaining tokens are moving quickly. This is the ideal moment to secure your allocation before the costs increase.
Discover More About Intel Markets:
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