Amid the increasing tension in the Middle East, Sui (SUI) and Ripple (XRP) continue to display strength, with both coins gearing up for an upswing. Also, IntelMarkets (INTL) appears to be a safe investment as market players exhibit bearish reactions to the turmoil. These developments have drawn attention to SUI, XRP, and INTL.
SUI Maintains Upward Trajectory Despite Token Unlock
SUI traded around a six-month high on October 2, 2024, as its unlock event instilled excitement in the community in a struggling market condition. At the time, the SUI coin had risen 142% within a month, bringing its price to $1.84.
While Sui's token unlocks should have stirred a dip, its opposite reaction reflects the bullish sentiments around the asset. The unlock, which happened on October 1, saw 64.19 million SUI tokens valued at $112 million released into circulation, raising its circulating supply by 2.4%.
This development comes on the heels of an attack in the Middle East in which Iran launched a missile on Israel. The attack has stirred rumors about World War 3, inciting bearishness across the crypto market.
Despite the growing geopolitical tensions in the Middle East, SUI registered a 10.57% increase within the last 24 hours, surging to $1.99. If it maintains a price above $1.91 in the days ahead, the asset could cross the $2.00 threshold.
Analyst Says XRP is About to Hit $7.5, Points at a Wake-Up Line
Prominent crypto analyst Egrag Crypto has caused a ripple in the crypto market after forwarding bullish predictions about XRP. In his latest analysis on October 1, 2024, Egrag noted that XRP is approaching a crucial price level, which, when it does, may catapult its price beyond $1.50 in the short term.
Specifically, the analyst called attention to a region he defines as the Genuine Wake-Up Line (GWUL), another key barrier after the Final Wake-Up Line. Formed in April 2021 after XRP hit the $1.96 high, the GWUL has been a formidable resistance the Ripple coin has failed to subdue in the last three years.
However, Egrag reveals that the bulls are now contending with the bears at the borders of the GWUL, a battle that is now in the favor of the former due to the lopsided wave count. The analyst believes that the bulls winning could see XRP surge to $1.50, then break off to $5.50 next, and finally to $7.50.
Egrag, however, added a condition to this: XRP must trade above the GWUL for three consecutive days to cement its bullishness. Meanwhile, the Ripple coin is currently down 11.24%, trading at $0.53.
Investors Find IntelMarkets a Safe Haven Amid Global Uprising
As investors seek an investment haven from the burgeoning global tension, experts have marked IntelMarkets as a safe bet. Its value proposition, coupled with its use cases, presents it as an irresistible option to market participants.
IntelMarkets is a crypto trading platform where futures traders can interact with any asset pair with advanced leverages. As a perpetual contracts exchange, it offers up to 1,000x leverage on any asset pair, allowing traders to amplify their potential profits.
The best part is that the platform runs on a dual-chain infrastructure, a cross between Ethereum and Solana. This initiative is geared towards allowing users to access Ethereum's resources, such as dApps, smart contracts, and liquidity pools, while enjoying high-speed and cost-efficient trading, courtesy of Solana.
INTL, its native token, has been on the rise since its public presale went live, up 200% thus far to its current price of $0.027 in Stage 3. By the end of the presale, INTL would have jumped to $0.11, adding another 307% profit to investors' portfolios.
INTL Draws SUI And XRP Investors to Its Ongoing Presale
Although the long-term outlook of SUI and XRP is bullish, INTL is a better alternative for both short and long-term investments. This fact has made it a go-to for investors, with almost $1 million invested in its presale.
As the token vies to capture a considerable portion of the crypto market's capitalization, it is advisable to hop aboard now that it is currently underpriced for a possible 100x return upon its exchange launch.
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