In other crypto news, Tron has reduced gas fees on SunPump by 50%. Also, a whale just dumped 106M XRP coins, increasing the bearish pressure on Ripple.
Tron (TRX) Founder Reduces Fee on SunPump By 50%
According to a recent tweet by Tron Founder Justin Sun, the Tron network has decreased gas fees on SunPump by 50%. The founder encouraged users to make use of this low cost.
The executive also mentioned the team is working on more developments to increase daily transactions and increase market share. Before now, the transaction fee for SunPump was 0.76 TRX per transaction. The 50% drop in gas fees makes SunPump highly competitive.
In other news, the Tron coin is trading above the 50-Day SMA ($0.136319). The cryptocurrency has recorded 19 green days out of 30 days. Within this period, the market cap of Tron crypto has been fluctuating between $10 and $15 billion. Analysts forecast the price of the cryptocurrency might surge to 0.170451 soon.
Whale Dumped 106M XRP, Price Drop Coming?
According to a recent tweet from Whale Alert, the transaction tracker revealed that Ripple whales dumped 106.2 million XRP tokens lately. This dump comes after the Ripple price dropped below the 50-Day SMA ($0.571627).
However, it is still above the 200-day SMA ($0.547197). In the past month, XRP has been in a tight range, with its market cap between $28 and $34 billion. This means the Ripple coin is in an uptrend and could return above the 50-day SMA any time soon.
Presently, Ripple's Relative Strength Index (RSI) remains neutral, signaling that it is neither in the oversold area nor in the overbought zone. In terms of future price movement, analysts forecast Ripple crypto price could soar to $0.719713 soon.
Intel Markets Stands Out From Other Presales
Several new presales have entered the crypto market in the past year. However, only a few have lived up to expectations. Intel Markets is here to change the narrative in crypto trading with its AI-powered platform. The project has amassed over $190k in funding just days after its presale was unveiled.
The most interesting thing about Intel Markets is its trading bot. The bot has many uses, like market analysis, interpretation, and prediction. In addition to this, Intel Markets is a dual-chain exchange that aims to address the challenges in the $36.5 billion crypto trading arena. Some of the complaints from investors are liquidity is low, transaction speed is slow, and there is no proper security.
The dual architecture system helps to overcome these challenges. Through Solana and Ethereum blockchains, traders benefit from fast, cheap, and secure transactions. Moreover, Intel Markets also features advanced trading tools like charting software and customizable indicators. Analysts forecast Intel Markets price will pump by 1,100% soon.
Can Intel Markets Follow the Growth Path of Ripple and Tron?
By solving all the issues in the crypto trading market, Intel Markets is poised to attract a lot of attention in the crypto sphere. The adoption of AI tools to make traders more profitable will attract more users than top exchanges. As more users join the trading platform, analysts are certain, INTL can replicate the early success of XRP and TRX.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets