The crypto community is getting set for a potential rally in October, otherwise known as Uptober, which is known for its bullish price movement. Analysts forecast the following altcoins – Solana (SOL), Ripple (XRP), and IntelMarkets are ready to soar this month.
While the price of Solana (SOL) and Ripple (XRP) could soar to $200 and $0.7343 in the coming weeks, that of IntelMarkets is predicted to pump high as well. Analysts say the price of IntelMarkets could skyrocket by 200% in the next few months.
Virtune Launch Solana (SOL) ETP Product
Virtune, a digital asset manager in Switzerland, has revealed the launch of the Virtune Staked Solana (SOL) Exchange Traded Product on Euronext Amsterdam. This ETP tracks the price of Solana (SOL) for its investors with extra staking income to the traded products.
The ETP has an annual management fee of 0.95% and represents the ongoing expansion of Virtune within the sphere of cryptocurrency investment. In other news, the Solana price has shown a remarkable recovery in the past week, soaring past the 50-SMA ($141.84) and 200-SMA ($146.39).
The Solana crypto tested the $120 support a few months ago. Presently, positive momentum has returned to the market and the value of the cryptocurrency is on a rally. If this upward price movement continues, analysts expect the Solana coin price to cross the $200 mark by October.
Ripple (XRP): Whales Moves 252M XRP Off Exchanges
Despite trading sideways in the past few weeks, Ripple (XRP) continues to enjoy a lot of attention from whales. Recent data from CryptoWuant shows over 252 million XRP were withdrawn from cryptocurrency exchanges on September 23rd.
This large withdrawal shows bullish sentiment among investors and a reduction in selling pressure. Analysts believe this removal of Ripple XRP from exchanges could lead to a bullish surge in the coming weeks.
Presently, the price of Ripple coin is consolidating above the 50-SMA ($0.567861) and 200-SMA ($0.550068) which is a bullish sign. They say the Ripple price USD could experience an upsurge in October, soaring to a peak of $0.7343. However, any bearish price movement would invalidate this prediction, and the DeFi coin could drop below the 50-SMA.
IntelMarkets (INTL) Price Prediction for October
IntelMarkets (INTL) is stirring buzz in the market and is one of the presales worth keeping an eye on. IntelMarkets secured over $520k in funding within the initial weeks of its startup and is now setting a goal of $1 million by the end of September.
In its essence, IntelMarkets is planning to introduce a sophisticated smart trading platform that will distinguish itself from the majority of existing platforms. Therefore, it has adopted AI technology and moved towards a dual-chain structure.
For instance, IntelMarkets will allow individuals to indefinitely maintain their positions when dealing with perpetual futures contracts. This is an achievable feat because these products are available for trading 24/7 and have a high leverage of over 1000x.
It will also benefit traders by giving them access to the advantages of two blockchains simultaneously since it will be linked to the Solana and Ethereum networks. IntelMarkets will grant traders access to fees that are low, rapid trades, and robust security. Currently in the second phase of its crypto ICO, analysts expect the price of IntelMarkets INTL coin to surge 200% in Uptober.
Top Crypto Coins To Buy in Uptober
Based on the current crypto market sentiment, the best coins to invest in right now are Solana (SOL), Ripple (XRP), and IntelMarkets. All three coins are currently among the top performers on the market and could give holders more gains in the coming month.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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