Data has pointed to four top altcoins that are likely to lead the crypto market gains before the end of December. These coins include IntelMarkets (INTL), Ripple (XRP), Pepe (PEPE), and Solana (SOL).
The positive outlooks of these established coins mark them as viable investment opportunities that crypto investors may capitalize on for immense profits. Let’s determine the factors fuelling this sentiment!
IntelMarkets is shaping up to be a one-in-a-million investment opportunity for crypto investors, owing to its growth potential in spite of the dicey market situation. Still, in its presale stage, INTL’s popularity continues to reach a broader audience, sparking interest in IntelMarkets.
IntelMarkets’s innovative solutions to perpetual contracts position it as a force to be reckoned with in the futures market.
Built on a dual-chain architecture, IntelMarkets offers flexibility and scalability, tapping from the strengths of Ethereum and Solana to improve trading strategies and results. This dual-chain structure enables traders to switch between blockchains while enjoying speed, adept risk management strategies, and exposure to several asset pairs.
What’s more, IntelMarkets empowers traders to reach their full trading potential via its high-leverage options. With up to 1,000x leverage options, traders can realize outsized gains from a simple price flick. The platform even provides them with liquidity so as to increase their ability to capitalize on opportunities when they turn up.
It’s important to mention that INTL has less than a day left to complete Stage 1 of its public presale. As it enters Stage 2, the token’s price will move from $0.009 to $0.018, representing a 102% ROI to existing investors.
Each new stage will usher in fresh gains till the end of the presale, during which early participants will have amassed a staggering 1,100% return after the price hits $0.11. The launch is expected before the end of the year.
Ripple’s XRP gained upside momentum in the past week, posting a 10% surge and ranking among the top-gainers from the top 20 digital assets. One of the primary drivers of this rally was Grayscale’s move to unveil an XRP Trust. This investment vehicle will give Ripple investors direct exposure to the asset without actually owning a share.
Another incident that may have contributed to XRP’s surge was a rumor spreading that US-based exchange Robinhood had reinstated Ripple’s XRP among its supported assets. The information was later made public on the firm’s official website.
Amid these developments, crypto commentator BitBoy named XRP among the altcoins primed to rip during the next market leg-up in an X post on September 16, 2024. His prediction was backed by CryptoInsightUk, another pundit, who predicted that XRP would experience a 14% uptick to $0.66 in the near term.
Meanwhile, at the time of these statements, the Ripple coin had registered an intraday gain of 1.74% to $0.58.
Non-exchange deep pockets have reportedly spent $36 million in acquiring the frog-themed meme coin PEPE throughout the previous week. These whales purchased a total of five trillion PEPE coins with this money. The scale of the purchase suggests the degree of confidence these investors have in the meme coin in spite of its fluctuating outlook.
Notably, PEPE has struggled to regain footing after crashing from it's all-time high in May 2024. The asset has failed to exhibit a significant rebound since then due to a lackluster price action until last week.
However, experts believe that whale intervention could help the price up in the coming weeks, with the possibility of reclaiming the lost highs over the previous four months.
PEPE has been range-bound since the large purchases, bouncing off resistance and support at $0.00000986 and $0.00000632, respectively. If the support level holds, Pepe could break past this resistance with the increasing involvement of whale investors in the Pepe market.
Presently, the coin is down 1.40% to $0.00000718 in the last 24 hours, which concerns many PEPE holders.
Solana followed the same trajectory as Bitcoin and Ethereum during the last decline, falling below the $135 and $132 support levels. SOL later formed a low at $128, where the price has now started consolidating. As of now, SOL is trading beneath the 100-day Simple Moving Average (SMA).
The $132 region is posing as a key level SOL must breach to achieve any significant growth. Conquering this level will launch the asset towards the next resistance at $140, and a successful break past this region will see Solana reclaim $150 before December 2024.
Meanwhile, SOL is up 1.41% in the last 24 hours to $132. Rallying to $150 will culminate in a 13% increase in its current price, which makes it one of the altcoins to watch ahead for a huge price action.
As these altcoins promise notable gains, investors are turning their gaze to them, expecting to capitalize on their potential growth. INTL, particularly, is expected to record the most increase as a nascent player trying to capture a sizable share of the crypto market valuation.
Hence, investors seeking the best cryptos to buy before the year ends ought to consider INTL, XRP, PEPE, and SOL!
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