XRP trends down while SHIB and Intel Markets lead weekly gains with 40% rally
The post XRP trends down while SHIB and Intel Markets lead weekly gains with 40% rally appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP plummets while Shiba Inu and Intel Markets soar. Discover what’s fueling their uptrends. Despite the broad crypto market rally influenced by the recently concluded U.S presidential elections, some tokens are still witnessing bearish pressure, with the Ripple price declining. However, tokens like Shiba Inu (SHIB) and Intel Markets (INTL) thrived in the rally, leading the market with impressive weekly gains up to 40%. What’s next for these exceptional tokens? Keep reading to find out. Ripple price declines amid market rally Ripple’s case against the SEC has dragged on for years, dragging the Ripple price down with it. The ongoing case deters potential investors and traders from trading XRP which is why the Ripple price is currently declining after a 5% surge during the market rally. The Ripple price began declining rapidly last year when it dropped 21%. Despite its brief increase last week, XRP is still 86% from its ATH while underperforming 90% of the top 100 crypto assets. Additionally, XRP’s market cap and trading volume have also decreased. However, with Donald Trump winning the election, crypto supporters are hopeful for a turnaround in XRP’s case with the SEC. Especially if the president keeps his promise of removing SEC Chair Gary Gensler. Once the case ends, the Ripple price has a chance at increasing again. SHIB on bullish trajectory Dogecoin-inspired Ethereum-based memecoin, Shiba Inu is currently on a bullish trajectory. A sequence of key upgrades and events in Q4 led Shiba Inu to its present success in the crypto market. After a token burn in September and numerous network updates in October, Shiba Inu finally got the attention of institutional investors this November, following Shytoshi Kusama’s announcement of…
Filed under: News - @ November 11, 2024 8:22 am