Avalanche and IntelMarkets Metrics Surge and Ripple Gains License In Dubai
The post Avalanche and IntelMarkets Metrics Surge and Ripple Gains License In Dubai appeared on BitcoinEthereumNews.com.
The ongoing recovery in the crypto market has helped to push top DeFi projects like Avalanche and IntelMarkets into the limelight. While Avalanche’s TVL and Stablecoin market cap has increased, IntelMarkets has crossed $730k in funding. Analysts say IntelMarkets could reach the $1 million mark before the end of October. Meanwhile, Ripple has received a license to offer payment services in Dubai. Ripple (XRP) Receives License To Operate in Dubai According to a recent tweet, Ripple (XRP) announced that it has received in-principle approval from the Dubai Financial Services Authority. With the new financial services license, the payment giant can now manage end-to-end payment services in the UAE. Reacting to the news, crypto analyst Cryptoinsightuk said, “XRP is about to make moves.” Currently, Ripple crypto is trading above the 50-SMA at $0.572649 and the 200-SMA at $0.552774. This position is a sign that bulls are in charge of the market and could propel another price rally to higher levels. Coincodex has two bullish Ripple price predictions. They say the value of the cryptocurrency could rise to a short-term target of $0.727973. If the uptrend continues, Coincodex forecasts Ripple coin price could pump to $0.743019. Such a move would bring the altcoin closer to the $0.8 region for the first time in months. Avalanche (AVAX) On-chain Metrics Rises The Avalanche (AVAX) ecosystem has experienced an increase in activity recently as the market is on the way to recovering the damages from the bear market. Analysis of on-chain data showed changes in specific Avalanche (AVAX) indicators, particularly the total value locked (TVL) and stablecoin market cap. According to data from DeFillama, the TVL of Avalanche crypto has crossed the $1 billion mark this week for the first time since April. Also, the stablecoin market cap has surpassed the $2 billion mark, showing…
Filed under: News - @ October 3, 2024 3:17 am