The Ripple (XRP) and SEC case continues despite initial consensus pointing towards an end following Judge Analisa Torres’ final judgment in August. With the regulator officially filing an appeal, the legal standoff might extend into 2025, casting a big shadow over its outlook.
Meanwhile, whales have been betting big on IntelMarkets (INTL), a new AI crypto. Besides its bullish narrative, it is on course to transform the wider crypto trading scene, fueling demand over underwhelming top crypto coins like Cardano (ADA).
IntelMarkets (INTL): A Better Pick than Ripple (XRP) and Cardano (ADA)?
IntelMarkets’ (INTL) AI-DeFi narrative and significant upside potential mean it is constantly on whales’ radars, like a moth to a flame. Rising whale activity pushed it above $1.5 million in early funding, inching closer to its highly anticipated market debut.
With the ICO in the fourth stage, a token is massively undervalued at $0.036. Amid impending adoption, industry experts predict a timely 5,500% rally after listing on Tier-1 exchanges—a promising wave not to miss out on.
Moreover, INTL’s impending transformation of the $264 billion crypto trading market also drives interest. Its AI-powered trading platform will take a different approach by integrating artificial intelligence across all levels. Unlike conventional trading platforms, its trading robots can self-learn from previous mistakes and real-time trading data while being compatible with the Ethereum and Solana blockchains.
Ripple (XRP): SEC Case Continues
Ripple (XRP), a payment-based cryptocurrency, is the most disappointing of the top altcoins. With a meager 7% uptick on the yearly chart, investors will likely make more gains by locking their funds in a traditional bank account.
The factor behind its poor performance can be linked to the lengthy SEC battle, dragging on since 2020. Accused of breaching security laws, the fintech company was asked to pay a whopping $2 billion in fines. However, a federal US court ruled that the sale of XRP coins on crypto exchanges don’t constitute securities, filing a final judgment of a $125 million civil fine in August.
While the consensus was that the lawsuit was nearing its end, the Wall Street top guy filed the Civil Appeal Pre-argument statement (Form C) in the Ripple Lawsuit—a last-minute appeal in the ongoing legal battle. This development was shared by a defense lawyer and a former federal prosecutor. At the time of writing, the XRP price is above $0.55—a 2.5% uptick in the past 7 days.
Cardano (ADA): 4% Weekly Gain
The Layer-1 token Cardano (ADA) is among the top 15 cryptocurrencies. It plays a key role in the crypto landscape as a provider of DeFi solutions, with the recent Chang hard fork introducing on-chain governance into the ecosystem.
The latest remark by the Cardano (ADA) founder has been a subject of much interest. During the Argentina summit, Charles Hoskinson stated that ADA would overtake Ethereum and Bitcoin in ten and twenty years, respectively, citing its robust decentralized governance.
While many believe this is a pipe dream—castles in the air—the future is uncertain. The Cardano price gained over 4% on the weekly chart, changing hands around $0.3. A Cardano price prediction suggests a monthly close above $0.4, placing it among the altcoins to watch.
Conclusion
With the Ripple (XRP) vs. SEC case set to extend into 2025 following the recent appeal by the regulator, tough days lie ahead. Meanwhile, given IntelMarkets’ (INTL) massive growth prospects and impending transformation of the crypto trading scene, it has become a top pick among whales over Cardano (ADA).
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