In a bombshell article, the Wall Street Journal alleged that Tether (USDT) is being investigated by the SEC. With this announcement, Ethereum’s chance of breaking its all time high (ATH) is looking less and less likely. On the other side of the coin, due to positive momentum for Ripple, some experts anticipate a price rally to $1. But this AI-DeFi altcoin has the potential to surpass Ripple’s market cap.
Ethereum (ETH): New Risks Posed By Tether Investigation
As the second biggest market cap cryptocurrency, Ethereum has been the center of decentralized finance (DeFi), NFT, and smart contracts. But its price has taken a hit with the WSJ’s exclusive on Tether’s investigation. Ethereum is holding above the $2,500 support, slipping 7% percent over the previous week.
However, Tether dismissed these allegations in an official statement:
“It is wildly irresponsible for WSJ to write articles with reckless allegations with such certainty when no authorities have gone on the record to confirm these rumors, and no sources are named.”
Source: Tether Slams WSJ’s Irresponsible Reporting, Stands by Strong Law Enforcement Track Record
This sparked a large debate among the community, but one thing is for certain; True or not, these allegations will hinder Ethereum’s chances of a new ATH.
Ripple (XRP): Path to $1 Amid Legal Troubles
2024 has been a rollercoaster for Ripple (XRP) as it has continued to endure a long legal battle against the SEC. Despite the ongoing case, XRP has seemed pretty resilient, and the latest developments suggest a major comeback in the offing.
Chris Larsen, Ripple’s co-founder, donated $10,000,000 to Kamala Haris, showing strength under strong legal pressure:
“It’s time for the Democrats to have a new approach to tech innovation, including crypto. I believe @KamalaHarris will ensure that American technology dominates the world, which is why I’m donating $10M in XRP in support of her.”
Source: Chris Larsen on X
Changing hands at $0.52, a 2% increase today, some analysts predict a Ripple rally to $1 before the end of 2024. But savvy investors are always looking out for the next Ripple, and they’ve discovered this AI-DeFi killer.
IntelMarkets (INTL): The AI-Powered Alternative with Massive Potential
IntelMarkets, the AI-powered trading platform is looking to reshape the $36 billion global crypto trading market. It represents a mix of AI and DeFi offering unparalleled speed and efficiency when trading. With its self-learning trading robots, experts hail it as the next Ripple. Running on dual chain architecture, IntelMarkets provides the most up-to-date insights when trading, which gives traders on the platform a competitive advantage.
Currently in its fourth stage of presale, IntelMarkets has bagged more than $1.6 million from early investors. Being on offer for $0.036 per token, it represents an opportunity with the potential of surpassing Ripple’s $1 rally.
Conclusion
Tether’s allegations hinder Ethereum’s chances of a new ATH, while XRP shows signals of a 2x increase. But for those looking for the next Ripple, IntelMarkets’ AI trading platform is a good bet for investors in search of high returns.
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