Ripple (XRP) Whales Are Buying Tons of This New 10x Coin As Toncoin (TON) Face Potential Sell-Off

The latest action of Telegram to bend to regulatory pressure has raised questions about the future of Toncoin (TON), a cryptocurrency that has been riding on its success.

Crypto whales are accumulating large amounts of a new coin called IntelMarkets (INTL) as Toncoin (TON) faces a potential sell-off.

The latest move by Telegram to comply with government requests for user data has raised concerns about the future of Toncoin, a cryptocurrency that has seen significant success. Analysts like Ali Martinez believe that the value of Toncoin could decrease in the coming weeks.

Meanwhile, crypto whales are showing interest in Ripple (XRP) and a new project called IntelMarkets, which analysts have touted as the best crypto to buy for gains in 2024. IntelMarkets is currently in the second phase of its presale and has seen a 100% price increase.

Toncoin Faces Potential Sell-Off

A recent report indicates that the popular messaging app Telegram will share more user data, such as IP addresses and phone numbers, with government authorities upon valid legal requests. This news has sparked a backlash, with many decrying it as a violation of privacy.

Reacting to the news, crypto analyst Ali Martinez suggests that Toncoin crypto could face a sell-off. He compares the price movement of the altcoin to that of Celestia, which has crashed to new lows. However, on the weekly and monthly timeframes, Toncoin's price is still showing gains.

The cryptocurrency, which fell below $5 after the arrest of Telegram's CEO, is now trading above the 200-SMA ($5.56). Despite Martinez's bearish outlook, Coincodex predicts that Toncoin's price might rally to $7.55 in the next few weeks.

Whale Alert: 30M XRP Outflow From Bybit

While Ripple (XRP) has been trading within a range over the last few weeks, large investors have been accumulating the coin. According to a recent tweet by Whale Alert, a whale has transferred 30 million Ripple (XRP) coins from the exchange Bybit to an unknown wallet.

This outflow of Ripple XRP from crypto exchanges has been increasing, suggesting a growing demand for the digital currency. Currently, Ripple's price is fluctuating between $0.5 and $0.6 on the monthly timeframe.

Analysts expect the token to break out of this narrow range soon and rally towards $0.7. Coincodex predicts that the value of Ripple coin could reach $0.698126 in October. Another analyst, Vickyvi99330478, suggests that the cryptocurrency, trading above the 50-SMA ($0.570597), could pump to $0.9347 soon.

Whales Show Interest in IntelMarkets (INTL)

Like Ripple (XRP), a new coin called IntelMarkets (INTL) has also captured the attention of whales. The project has raised over $570k inθυθυ funding and is aiming for $1 million. Analysts predict that the price of IntelMarkets could increase by 10x in 2024.

IntelMarkets is an upcoming exchange that integrates the latest AI and advanced tools to simplify market analysis and decision-making for traders, ultimately helping them generate more income. The platform can process and analyze over a thousand sources for over a hundred thousand assets to provide valuable insights.

Moreover, IntelMarkets' AI trading bot can study a trader's behavior and help develop an individual trading strategy. The bots are also self-learning, meaning they can learn from their mistakes and use that information to improve their predictions. Depending on the market conditions, the bots can also adjust resource distribution, control risks, and set profit levels.

Additionally, IntelMarket's real-time data analysis provides up-to-date information on market conditions and asset movements. Other benefits of using IntelMarkets include its dual-chain architecture, which enables fast transactions at a low cost, high liquidity, a maximum leverage of 1000x, and more.

Investors Shift Focus From Toncoin (TON) to Ripple (XRP) and IntelMarkets

Given the current scenario, where Toncoin (TON) might face a sell-off, investors are shifting their attention from the coin and looking towards Ripple (XRP) and IntelMarkets for future gains. The prices of both these cryptocurrencies could climb higher in the next few weeks, with greater expectations for IntelMarkets, which has yet to experience its first bull run.

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