Intel Market (INTL) Raises $500K in Seed Funding Targeting XRP and Arbitrum Whales

Intel Market (INTL) has recently entered the ocean of cryptocurrencies and is quietly making quite big splashes. However, its unique dual exchange model sets it apart from

Intel Markets (INTL), a تازه وارد in the cryptocurrency scene, is quietly making big waves. But what sets Intel Markets apart from the slew of run-of-the-mill crypto projects is its unique dual exchange model, a feature that’s now piquing the interest of none other than XRP and Arbitrum whales.

According to recent insider data, these whales, known for their hefty cryptocurrency wallet balances, are now collecting Intel Markets (INTL), a fact that’s evident from the token’s jaw-dropping $500,000 trading volume in a single day.

Whales from established projects are placing their bets on this platform, sparking curiosity among other investors in this community on whether Intel Markets (INTL) will maintain its momentum to emerge as a disruptor in the industry.

XRP Sparks Bullish Sentiments Amidst Regulatory Clouds

Despite the largely bearish cryptocurrency market, Ripple (XRP) has managed to maintain bullish sentiments with its price action, trading above the crucial $0.560 level.

In the last 24 hours alone, XRP has surged about 10.9%, with an astronomical increase in trading volume of 93.27%, reaching $1.17 billion. This uptrend is further reflected in the weekly and monthly charts, up 1% and 5.16%, respectively.

While the price action is encouraging, the token’s fate is still closely tied to the ongoing legal battle with the Securities and Exchange Commission (SEC). The resolution of this case will drastically alter Ripple’s price action (XRP).

If the court rules in their favor, the price of XRP could skyrocket to unseen heights with investor interest. However, the XRP price can hit new lows if the opposite happens.

Arbitrum Price in Freefall: Top 50 Status at Risk?

As one of the top 50 cryptocurrencies, Arbitrum (ARB) has certainly seen better days, spiraling down in recent weeks. The asset lost nearly a whopping 28% of its value over the past month and is currently trading at $0.564.

A tiny uptick was recorded recently, but this is taking place with the price still below the crucial 50-day and 200-day SMAs, indicating the continuation of the bearish trend.

However, if Arbitrum loses the crucial support area of $0.566, a wave of profit-taking could erupt, dragging prices to $0.1578 over the coming weeks. Hence, a strong price reversal is needed immediately to prevent further losses and restore confidence among investors.

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