Grayscale Introduces XRP Trust, IntelMarkets To Match Trons Network Growth
Grayscale has launched an XRP Trust for institutional investors. In other news, the number of addresses holding Tron long-term has increased by 237% in the past year, showing high investors interest in this top cryptocurrency.
Meanwhile, IntelMarkets has been gaining a lot of attention in the crypto space since the start of its public presale. Its upcoming AI trading platform has been a major attraction for many investors.
Ripple (XRP): Grayscale Announces XRP Trust
According to the latest news, Grayscale, an asset manager, has created a new product called Grayscale XRP Trust. The Trust allows investors to invest in Ripple XRP. However, reports reveal the Trust will be accessible only to qualified individual and institutional accredited investors.
In other news, the Ripple coin is showing signs of recovery. Its value has increased on the weekly and monthly timeframes, a sign that bulls are awake. The cryptocurrencys market cap has also increased, rising to a high of $34 billion in September, after being as low as $28.5 billion.
Going forward, the Ripple price is expected to climb to a price target of $0.67572 in the coming months. The sentiment around the coin is bullish as it trades above the 50-Day SMA ($0.56715) and 200-Day SMA ($0.54738).
Tron (TRX) Long-Term Addresses Skyrocket
The number of long-term addresses holding TRX, Trons native token, has doubled over the last year, as per the data of IntoTheBlock. The market analytics platforms tweet showed that Long Term Holder Addresses on the Tron network stands at $90 million, up 237% from the previous year.
IntoTheBlock also explained that growth in the average number of TRX holders with a long-term perspective indicates strong confidence in the TRON blockchain since more users are ready to hold TRX for a long time.
In other news, the Tron price is still trading above the 50-Day SMA ($0.142564) and 200-Day SMA ($0.129788). Its market cap is consolidating between $11.5 billion and $15 billion on the monthly level. Analysts forecast its price could increase to $0.158536 in the coming weeks.
IntelMarkets Presale Soars, Upcoming AI Trading System Gains Traction
IntelMarkets (INTL), an advanced AI trading platform that will launch in the coming months, has been getting a lot of support from the crypto market. It has raised over $270k since the beginning of its presale. At $0.009 per token, IntelMarkets is in the first stage of the presale now.
Analysts forecast the price of IntelMarkets could increase by 1,100% in the coming weeks which will make it one of the biggest crypto gainers of 2024. Speaking about the features of IntelMarkets, it has over a thousand technical data sources that bots can streamline to give traders one signal.
Besides, it provides detailed and comprehensive information about many cryptocurrencies. Traders will be able to track crucial market movements to make more informed trading decisions. That is not all. IntelMarkets has self-learning trading robots that are based on the Rodeum AI.
This trading robot has built-in algorithm security optimization based on users trading activities. Therefore, instead of focusing on strategy, traders can train the bot to follow particular strategies. Furthermore, IntelMarkets guarantees fast trade, high quantum-proof security procedures, low fees, high liquidity, 1000x leverage, and so on.
Can IntelMarkets Mirror the Growth of Tron?
Over the past few months, the Tron network has witnessed immense growth in terms of active addresses, trading volume, and revenue generated. Analysts believe IntelMarkets, an upcoming AI trading system, could match this growth in the coming months.
Besides, IntelMarkets will be tapping into the global crypto trading platform market, which is worth over $36.5 billion. They believe IntelMarketss AI adoption will help it stand out from the crowd.
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.
Read more: https://nulltx.com/grayscale-introduces-xrp-trust-intelmarkets-to-match-trons-network-growth/
Text source: NullTX
