The cryptomarket as a whole is more volatile than ever. Recently things have changed as the profit from ApeCoin (APE) starts diminishing and the traders seek new rallies. Although Apecoin has garnered some attention in the past, the future possibilities for such an increase now seem rather poor. That is why an increasing number of investors are taking their profits and reinvesting into Ripple (XRP) and the new AI crypto, IntelMarkets (INTL).
Apecoin (APE): Fizzling Out After a Strong Start
When APE was launched it immediately went through the roof, primarily due to its association with Bored Ape Yacht Club – an NFT project with popularity in the digital assets market. The coin got a lot of attention when it was newly launched, boosting it substantially. Nevertheless, the moment the hype around APE died out, so did Apecoin’s performance. The price of ApeCoin as of today is $1.28, down significantly from its high of $2.40 per token set in March this year.
Apecoin still stays as a symbol of the BAYC community and its adoption hasn’t expanded that much. It has also occurred that hope for using such outlooks based on meme-related projects has moved to functional and utility based cryptocurrencies, so Apecoin is left behind in the race. For traders who invested at the top, the returns have been high and many of those have liquidated and are now investing in other cryptocurrencies.
Ripple (XRP): A Comeback on the Horizon?
Despite this, Apecoin remains stable and has become one of the most popular tokens among traders seeking more stable coins with the potential for further growth instead of Ripple (XRP). XRP has made headlines because of the court case with the US Security and Exchange Commission SEC. However, while that is still going Ripple has proven to be rather tenacious, holding one of the top ten positions in terms of market capitalization. Currently, Ripple sits at $0.53, which is a far cry from its all-time high price of $3.84 recorded in mid January, 2018.
While there are some fears that Ripple has had some problems recently, many experts predict that it will have a serious bounce. Traders are especially optimistic with the ongoing case displaying signs of being closed, and Ripple expanding its operations around the globe, that XRP could be trading above $1.50 in 2024. Also, the latest $10 million donation by Ripple for development projects has added to the coin excitement to clinch more grounds for long-term growth.
IntelMarkets (INTL): A Rising AI DeFi Star
The other major player driving the shift to the market is IntelMarkets (INTL), a relatively new player to the decentralized finance (DeFi) and Artificial Intelligence (AI) backed crypto industry. In contrast to the latter, Apecoin entirely relies on the hype that surrounds it, or XRP which is currently facing legal issues, IntelMarkets has something more valuable to offer – a combination of a trading platform with AI-based technology applied to DeFi operations providing user access to state-of-the-art, self-improving algorithms enhancing operation on the market.
The firm launched its presale and IntelMarkets has managed to attract more than $1.6 Million worth of investments within a matter of weeks which shows more acceptance of the idea. As it stands at $0.037, IntelMarkets is as cheap as any presale crypto, and with such potential for growth upon listing, it could be a real steal. Experts predict this AI operated platform can grow 75x once it becomes a public entity.
IntelMarkets provides innovation and a concept of a forward-looking company. Continued development of AI and its increasing presence in the financial markets means that IntelMarkets will be able to take up the mantle of big scale automated trading. Low presale price per token and anticipated high and increasing demand for its tokens make it interesting for traders seeking the next big thing.
Conclusion
The cryptomarket is rather volatile and traders must be ready to learn about the latest breakthroughs. Thus, we will see people moving away from outdated projects such as Apecoin (APE) which has already stopped rising. Ripple (XRP) is another potent contender if its legal saga is finalized. That is why in an ever changing market, the trading company IntelMarkets (INTL), which applies Artificial Intelligence to create trading strategies with a very low entry point may bring life-changing profit during the further months.
If you’re interested in the next big thing in the market, then the smart thing to do would be to keep your money on XRP and IntelMarkets (INTL).
