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Ripple’s never-ending drama takes a new turn, and Chainlink ignites outflows post-token unlock, while Intel Markets gains attention.
The crypto market is a high-stakes game, and the stakes have never been higher. As Ripple (XRP) faces a legal showdown with the SEC and Chainlink’s (LINK) token unlock starts a wave of volatility, investors are scrambling to find a winning strategy.
Intel Markets, a pioneering trading platform, is offering a lifeline with its AI-powered approach and ambitious quantum research. But can it steer through the turbulent waters of the crypto market and emerge as a dominant force?
Ripple victory faces SEC challenge: What’s ahead?
A rift has emerged in the cryptocurrency industry as the U.S. SEC is thinking about filing an appeal in its case against Ripple over XRP. With two weeks remaining, the SEC has the option to file an appeal against Judge Torres’ decisions; previous legal counsel for the SEC has indicated that this is likely to happen.
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have announced that they do not intend to appeal, and the company has a court order delaying a $125 million penalty until the case is settled.
The SEC made a suggestion that it might not appeal its decision regarding XRP programmatic sales in a similar Binance case. Meanwhile, some argue that Elon Musk could enable XRP payments on X (previously Twitter) in order to argue against the SEC ruling. In a separate investigation, the SEC is pursuing fines against Musk.
As things developed, the price of Ripple dipped by 1% to $0.58, while trading volume also decreased. The case’s verdict may have a big influence on US cryptocurrency legislation.
LINK tokens hit the market: Implications for price
Chainlink has achieved significant developments, including token transfers and key alliances. A substantial portion—about 18.125 million LINK, valued at roughly $207 million—went to Binance when the blockchain oracle network unlocked and transferred a startling 18.75 million LINK tokens from five non-circulating supply accounts.
This transfer illustrates Chainlink’s ongoing token-freeing plan, which has been carried out every three months since August 2022. Chainlink still has 372.75 million LINK tokens—worth around $4.27 billion—spread across 24 non-circulating contracts even after these significant transfers.
The movement of LINK tokens has been sparked by this unlocking event, which may put selling pressure on them as seen by their higher trading volume of about $230,058,721. As these developments might affect the supply-demand dynamics of the token and its overall price movement, investors frequently keep a careful eye on them.
Intel Markets’ buzzing ecosystem: $1m grant fuels Intel
While these significant developments occur in the XRP and LINK ecosystems, Intel Markets has an edge over traditional trading platforms and provides traders with possibilities even when the market is down.
IntelMarkets is not dependent on a single blockchain. Users may switch between Ethereum and Solana with the platform’s built-in DEX, which is quite helpful when the markets in the two ecosystems are not the same.
Traders may utilize actual data feeds and automated trading robots using Intel Market to take advantage of any potential market movements. The AI algorithms at Intel Markets continuously hunt for opportunities amid market fluctuations, providing traders with an opportunity to earn even in the face of declining market conditions.
The 1000x leverage on Intel Market is one of its main characteristics; it allows users to take full advantage of market volatility while improving trading skills.
Recently, there have been two major developments in the Intel Markets ecosystem. Firstly, the Route X21 protocol’s first development was recently disclosed by the AI trading platform Intel Markets. It is anticipated that the quantum-resistant protocol will introduce new security measures for DeFi assets on the blockchain layer.
Additionally, investors located in the United Arab Emirates gave a $1 million quantum AI research grant to Intel Markets to support the protocol’s development. It is anticipated that technological advancement will push the limits of blockchains, which are future-proof and decentralized security.
The INTL opportunity
The viral AI platform’s current presale has witnessed unheard-of levels of success. More than 5000 investors have registered with Intel Markets, raising more than $455,000.
Experts in cryptocurrency believe that Intel Markets, with its core team consisting of former executives from Open AI, Renaissance Technologies, and Goldman Sachs, will revolutionize the use of artificial intelligence.
Experts are also anticipating a price surge of over 1100% upon its listing on top-tier CEX in the Q4 of 2024 or most probably Q1 of 2025.
To learn more about Intel Markets, visit the presale website, and its Telegram and Twitter.
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