The SEC is reportedly investigating Tether (USDT), according to a significant article in the Wall Street Journal. This development has cast doubt on Ethereum’s ability to reach its all-time high (ATH). On the other hand, Ripple’s positive momentum has led some experts to predict a price rally to $1. However, there is a new AI-DeFi altcoin that has the potential to surpass Ripple’s market capitalization.
Ethereum (ETH) is the second-largest cryptocurrency by market cap and has played a central role in decentralized finance (DeFi), NFTs, and smart contracts. However, its price has been negatively affected by the news of Tether’s investigation. Despite this, Ethereum is still holding above the $2,500 support level, although it has slipped by 7% in the past week.
Tether has strongly denied the allegations made by the Wall Street Journal, stating that it is irresponsible for them to publish such articles without any confirmation from authorities or named sources.
This controversy has sparked a heated debate within the community, but it is clear that these allegations, whether true or not, will hinder Ethereum’s chances of reaching a new ATH.
Ripple (XRP) has had a turbulent year due to an ongoing legal battle with the SEC. Despite this, XRP has shown resilience, and recent developments suggest a potential comeback. Ripple’s co-founder, Chris Larsen, donated $10 million in XRP to Kamala Harris, demonstrating their confidence and strength under legal pressure.
XRP is currently trading at $0.52, with a 2% increase today. Some analysts predict that Ripple could rally to $1 before the end of 2024. However, astute investors are always on the lookout for the next big opportunity, and they have found it in an AI-DeFi altcoin.
IntelMarkets (INTL) is an AI-powered trading platform that aims to revolutionize the $36 billion global crypto trading market. By combining AI and DeFi, IntelMarkets offers unparalleled speed and efficiency in trading. With its self-learning trading robots and dual chain architecture, IntelMarkets is being hailed as the next big thing, comparable to Ripple. The platform provides up-to-date insights, giving traders a competitive advantage.
Currently in its fourth stage of presale, IntelMarkets has already raised over $1.6 million from early investors. Priced at $0.036 per token, it represents a promising opportunity that has the potential to surpass Ripple’s $1 rally.
In conclusion, the allegations against Tether are likely to hinder Ethereum’s chances of reaching a new ATH, while Ripple shows signs of a potential 2x increase. However, for those seeking the next big opportunity, IntelMarkets’ AI trading platform is a promising choice for investors looking for high returns.