The new year’s surge seems to be over as we cross January 7, and the markets are back to consolidating for both DOGE and XRP. The surge in the crypto markets that started last Wednesday is now backing down, mainly due to bear pressure as market volumes rise and investors start to consolidate their holdings.
This could be due to profit-taking, as well as preparation for another bull cycle, which is anticipated once President-elect Trump is inaugurated and the new SEC Chair also takes charge of his assignment, with tokens like Dogecoin (DOGE) and Ripple (XRP) taking off. Industry experts foresee that the market will go on a bull run once these two events approach.
As markets remain fluid and continue to retain momentum, many seasoned investors are rearranging their holdings. Several investors have dumped their DOGE holdings to add on XRP and INTL to their wallets. IntelMarkets (INTL), a phase nine presale star that has already surged by 810%. IntelMarkets is offering investors an opportunity to tap into the upcoming AI market.
Dogecoin Price Dips 11% In Daily Trading
Dogecoin prices are showing strong bullish signals. Dogecoin’s price has risen by over 10% in the weekly charts. Its value moved from $0.3145 to a high of $0.3964 during this time. The current Dogecoin price is $0.349, and its market volume is up by 100% to $5.8 billion.
Source: CoinMarketCap
The market cap is down 11% to $51.39 billion for this top meme coin, and experts have mentioned $0.5 and $0.7 as key price points for the next bull cycle. $0.3 and $0.28 are key points in a bear movement, as they can act as key resistance points in case Dogecoin’s price drops.
Ripple (XRP) Market Volume Surges 112%
Ripple (XRP) is also fluctuating in the market’s build-up to the presidential inauguration. Along with bullish technicals, community sentiment is also bullish, with market volume up 112% to $8.91 billion, while the market cap is down over 5% to $133.64 billion.
Source: CoinMarketCap
The XRP price will likely rally soon as, XRP has gained 10% on the weekly chart, with its value jumping from $2.108 to a high of $2.49 before settling to its current price of $2.32. This price is down by over 5% in the daily charts.
IntelMarkets (INTL): 12% Gains Outdo Major Altcoins
IntelMarkets (INTL) is reshaping crypto trading using blockchain, artificial intelligence, and DeFi. It offers a platform that is focused on providing advanced AI tools for retail and institutional traders that enable them to optimize strategies and maximize their ROIs.
IntelMarkets is a trading platform that offers investors advanced AI-powered trading solutions and low transaction prices. It offers traders some proprietary and powerful trading features. It offers traders access to comprehensive trading options with enhanced liquidity and leverage options.
IntelMarkets (INTL) offers up to 1000x leverage that increases returns even with low price movements; combined with its risk management tools, it ensures traders can confidently navigate the volatile crypto landscape.
Conclusion
With a strong market positioning as an AI platform, great presale performance, and solid fundamentals, IntelMarkets (INTL) is set to surge once it launches. With its smaller market cap, it is a favorite to outpace top crypto coins like Dogecoin (DOGE) and Ripple (XRP).
Investors expecting Ripple and Dogecoin prices to surge are also buying into the AI project IntelMarkets (INTL). This ICO is close to its launch time as it enters phase nine of presales, and its INTL token price rose to $0.082.
To learn more about the IntelMarkets platform, visit the presale or Join the INTL community.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
