Ripple has already had a great run since the US election as the XRP price posted the highest gains during the bull cycles in November and December. A few days back, the consensus among experts was that the market was in a consolidation phase as the inauguration approached and SEC Chairman Paul Atkins was ready to take charge.
However, news broke about Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderotti having dinner with President-elect Trump. Markets have been treating this with caution, with some volatility seen as bears and bullish forces battling for control of XRP's price performance. Although the news from Ripple is mainly positive, it is clear that markets are in a wait-and-see state and will need concrete results to enter a bull cycle before January 20.
However, the AI-based trading platform IntelMarkets (INTL) has been running smoothly with its pre-sale stages and recently moved to stage nine as its marker price rose to $0,082.
Brad Garlinghouse: Ripple's XRP price is undervalued
The price efficiency of XRP is mainly enhanced by changing legal perceptions on the web. Brad Garlinghouse argues that the last few months have been a 'turning point' for Ripple, mainly due to an improved regulatory environment in incoming administration.
The recent Ripple valuation news also makes sense. According to Brad Garlinghouse, the company currently owns over $100 billion XRP tokens. This changes the valuation of Ripple's infrastructure valuation dramatically. Brad Garlinghouse also noted that Ripple's commercial value is cheaper than its net asset value.
He was comparing the price of XRP to other cryptocurrency-related companies. These companies trade at over 3 times their net asset value. This is called premium trading. Meanwhile Ripple trades at a discount, at a much lower price than the actual net asset value.
Source: CoinMarketCap
The price of XRP has seen a significant increase in value, rising over 300% from election levels to the current price range of $2.3-2.4. this overall jump in value is due to increasing trading volume as institutional interest and adoption is also attracted by retail investors and whales.
There is a high probability that the Ripple ETF will be launched sometime in 2025 and the market size will be over $5 billion as Ripple's holdings grow. The current price of XRP is in the range of $2.3 and the market volume is up 30% to $5.51 billion while the price is up almost 5% in the weekly charts.
IntelMarkets (INTL): State of the unicorn soon?
IntelMarkets (INTL) is a new AI-driven cryptocurrency platform that is attracting investor interest with its unique combination of artificial intelligence and DeFi trading. It is poised to reshape the way crypto is traded.
IntelMarkets' AI-based ecosystem features trading bots that can track and learn from over 100,000 data points, identify effective trading strategies, and take trading positions. An AI-powered blockchain is at the heart of the project and users can trade crypto pairs through their QuantumX Wallet.
Considering the impending threats of quantum computing to blockchain technology, QuantumX is designed to use innovative cryptographic techniques. IntelMarkets users will benefit from using the Quantum X Wallet. This user-friendly solution provides increased trust and confidence in managing digital assets.
IntelMarkets has raised over $6.5 million in its pre-sale, with tokens almost sold out. INTL sells for $0.082 right now and will hit $0.09 in the next few weeks. Industry experts are projecting another 300% gains by mid-2025 for this altcoin.
Conclusion
IntelMarkets (INTL) is an ICO that is nearing its launch date and is likely to replicate the success of top crypto coins. Its future transformation of the crypto trading landscape sets the stage for explosive growth post-launch.