Changpeng Zhao's Release from Prison: Will It Be a Bullish Catalyst for Binance Coin (BNB), Ripple (XRP), and IntelMarkets (INTL)?

With the crypto community buzzing with excitement, one can't help but wonder if this could be a bullish catalyst for Binance Coin (BNB). Ripple (XRP), also a top altcoin, is one to watch out for, especially with its SEC case finally concluding.

Changpeng Zhao, popularly known as ‘CZ’, the founder and former CEO of Binance, pleaded guilty to fraud and money laundering charges in 2023. After serving a 4-month sentence, he is set to be released from prison on September 29.

With the crypto community buzzing with excitement, one can’t help but wonder if this could be a bullish catalyst for Binance Coin (BNB). Ripple (XRP), also a top altcoin, is one to watch out for, especially with its SEC case finally concluding.

At the same time, investors have been shifting to IntelMarkets (INTL), a novel AI-powered DeFi protocol. Its trailblazing approach, not to mention its significant upside potential, makes it a new DeFi project worth keeping on the radar.

IntelMarkets (INTL): Transforming the Crypto Trading Scene and Huge Growth Prospects

Unlike established players, IntelMarkets (INTL), an AI-powered DeFi protocol, takes a different approach. By integrating AI into all trading levels, INT will be the first modern-gen trading platform. Moreover, its trading robots are designed to identify market opportunities and take appropriate positions.

This unique approach positions it to capture a slice of the $36 billion global crypto trading market, sparking early demand. Another distinguishing feature is its dual-chain functionality. Users can choose between the Ethereum and Solana blockchains to trade on the exchange.

Investors can’t seem to get enough as the presale's first stage sold out rapidly, with over $280,000 raised. A token currently goes for $0.009 and is expected to rise 55x after launch. As the future of crypto trading unfolds, this new altcoin is set to outshine Binance Coin (BNB) and Ripple (XRP).

Binance Coin (BNB): Rally Past $700?

Binance Coin (BNB), a top-5 cryptocurrency and the native token of the Binance ecosystem, is a household name in the crypto scene. It powers exclusive token sales on the BNB Smart Chain and is also used for payments, giving it tangible applications.

The BNB coin showed remarkable resilience despite the arrest of former CEO Changpeng Zhao last year. On the yearly charts, its value has increased by 150%, trading above the $530 support. Meanwhile, in the past seven days, a 3.5% upswing has been recorded, highlighting its remarkable price actions across different timeframes.

With former CEO CZ set to be released from prison on September 29, bullish forecasts have been circulating. As a major figure in the crypto scene, analysts anticipate a jump past $700 for the Binance coin, making it a good crypto to buy at the current price. While this is, at best, a guess, it is nonetheless one of the altcoins to watch.

Ripple (XRP): Eyes a Retest of the Annual Peak

Ripple (XRP), a top-10 cryptocurrency by market capitalization, ranks high on the altcoin list. It facilitates cross-border transactions and aims to connect TradFi and DeFi as a payment processor. While it has faced regulatory uncertainty due to its years-long battle with the SEC, the case is now “finally over.”

This clear regulatory landscape, combined with Cz's release from prison, could drive the price up. On the weekly chart, the XRP price rose 9%, trading above $0.58. According to forecasts, it might retest its annual peak of $7.1 in the coming weeks.

Another bullish catalyst to watch out for is the upcoming US election. On the cusp of skyrocketing, Ripple (XRP) is positioned to go on one of the biggest runs this year. To capitalize on this wave, now is a great time to stack up.

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