Tether Investigation Puts Ethereum’s ATH at Risk
According to a shocking report from the Wall Street Journal, the SEC is allegedly investigating Tether (USDT). This development is dampening Ethereum’s chances of reaching its all-time high (ATH). On the flip side, Ripple is experiencing positive momentum, leading some experts to predict a price rally to $1. However, an AI-DeFi altcoin has the potential to surpass Ripple’s market cap.
Ethereum (ETH): New Challenges Arise From Tether Investigation
As the second-largest cryptocurrency by market capitalization, Ethereum has played a central role in decentralized finance (DeFi), NFTs, and smart contracts. However, its price has taken a hit following the WSJ’s exclusive report on Tether’s investigation. Despite slipping 7% over the past week, Ethereum is still holding above the $2,500 support level.
Tether, on the other hand, has dismissed the allegations in an official statement, criticizing the WSJ’s “reckless allegations” without any official confirmation or named sources. Nevertheless, these allegations, whether true or not, are likely to impede Ethereum’s chances of reaching a new ATH.
Ripple (XRP): On the Path to $1 Despite Legal Troubles
The year 2024 has been a rollercoaster for Ripple (XRP) as it continues to face a prolonged legal battle with the SEC. Despite this ongoing case, XRP has shown resilience, and recent developments suggest a potential major comeback.
Ripple’s co-founder, Chris Larsen, demonstrated strength under legal pressure by donating $10 million in XRP to Kamala Harris and endorsing her approach to tech innovation. With XRP currently trading at $0.52, experiencing a 2% increase today, some analysts predict a rally to $1 by the end of 2024. However, astute investors are always on the lookout for the next Ripple, and they may have found it in an AI-DeFi contender.
IntelMarkets (INTL): The AI-Powered Alternative with Promising Potential
IntelMarkets, an AI-powered trading platform, aims to revolutionize the $36 billion global crypto trading market. By combining AI and DeFi, IntelMarkets offers unparalleled speed and efficiency in trading. With its self-learning trading robots and dual-chain architecture, experts believe it could be the next Ripple. Traders on the platform gain a competitive advantage through the platform’s up-to-date insights.
Currently in its fourth stage of presale, IntelMarkets has already raised over $1.6 million from early investors. Priced at $0.036 per token, it represents an opportunity with the potential to surpass Ripple’s anticipated rally to $1.
In conclusion, Tether’s allegations pose a challenge to Ethereum’s ATH, while XRP shows signs of a potential 2x increase. However, for those seeking the next Ripple, IntelMarkets’ AI trading platform offers a promising investment opportunity with high returns.
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