Cardano has finally launched its long-awaited Chang hard fork, bringing the network closer to its goal of full decentralization. However, the price of Cardano ADA is still down.
Another struggling top crypto, Ripple, has unlocked 1 billion XRP this month. Meanwhile, a new trading platform, Intel Markets, has surpassed $220k in presale, outperforming the competition in the bear market.
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Cardano (ADA) Chang Hard Fork Goes Live, ADA Stays Down
The Cardano blockchain, created by Charles Hoskinson, one of Ethereum’s co-creators, has recently released the Chang upgrade. This upgrade brings the platform one step closer to the decentralized governance model.
It is beneficial for ADA token holders because it enables them to engage actively in the platform’s decision-making process, including voting for delegates and voting on significant decisions. Despite this news, the Cardano coin is still trading in the red zone. The ADA coin is trading around the $0.275-$0.400 range.
Nevertheless, the market cap of Cardano crypto is still robust. It fluctuates between $10 billion and $15 billion on the monthly chart. Analysts forecast the Cardano price might increase to $0.386053 in the next few weeks. However, it must cross the resistance at the 50-Day SMA ($0.379377) first.
Ripple (XRP) Unlocks 1B XRP
According to the data from the crypto wallet tracking platform Whale Alert, Ripple, a San Francisco-based enterprise blockchain company, has unlocked 1 billion XRP tokens once again. This practice is part of the company’s monthly ritual to increase the supply of Ripple coin.
In the meantime, XRP is trading in the red zone below the 50-day SMA ($0.577813). It has losses of 7.8% on the weekly chart and 4.0% on the monthly chart.
Yet, the market valuation of Ripple XRP fluctuates between $22.5 billion and $37.5 billion on the monthly timeframe. Coincodex forecast Ripple price might rise to $0.662799 in the coming weeks.
Momentum Rises As Intel Markets Raises $220K in Funding
Intel Markets (INTL) is among the best ICOs in the market right now. Although Intel Markets is less than a month old, it has already raised $220k in fundraising. Intel Markets is currently creating a state-of-the-art trading platform for both experienced and novice traders who wish to join the most successful 1% of all crypto traders.
Through this new platform, traders will now be able to enter markets that were previously for professionals. On top of that, Intel Markets’ platform is one step ahead compared to others and has an AI trading bot. Investors can use the bot to monitor price movements and make price predictions. Other features include a 1000x leverage for massive profits, copy trading with 5-15x gain potential, etc.
In addition to these, investors can trade perpetual futures on Intel Markets. According to research, this marker had a daily trade volume of over $101.9 billion in 2022. Such massive volume shows perpetual futures is a big industry. Analysts believe that Intel Markets cryptocurrency will rank among the top 20 digital currencies a few months after its launch.
Can Intel Markets Outshine Ripple?
Analysts are bullish about the potential of Intel Markets. They believe Intel Markets’ low market price and trading features set it up for huge adoption and price growth this year, outperforming XRP and other top cryptos in the market.
Discover More About Intel Markets:
- Presale: https://intelmarketspresale.com/
- Telegram: https://t.me/IntelMarketsOfficial
- Twitter: https://x.com/intel_markets
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.