The bull season is officially here as of October 17, 2024, with a notable crypto whale re-entering the market after a four-year hiatus, accumulating significant amounts of Ripple (XRP), Dogecoin (DOGE), and the emerging altcoin IntelMarkets (INTL). This trend signals a promising wave of investment in the cryptocurrency sector.
IntelMarkets (INTL), priced at $0.027, is gaining traction due to its innovative AI-powered trading platform, which aims to revolutionize the $347 billion crypto trading landscape. Analysts predict a potential 45x increase in value following its listing, making it a top contender among new altcoins.
Ripple (XRP) continues to show resilience despite ongoing legal challenges with the SEC. Following a recent appeal by the agency regarding a $125 million fine, XRP's price has risen approximately 2% weekly, currently trading above $0.54, with expectations to reach $0.6 soon. Analysts suggest it could exceed $1 by the end of the year.
Meanwhile, Dogecoin (DOGE) has jumped over 8% this month, trading above the $0.1 support level and aiming to breach the $0.2 resistance. Its status as a leading meme coin positions it well for potential growth, with expectations to surpass its previous all-time high of $0.73.
The reactivation of a crypto whale to accumulate these assets may indicate a broader bullish sentiment in the market, particularly for INTL, which stands out for its growth potential.