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Dogecoin has been highly bullish ever since Trump's presidential victory. With a massive influx of whales in the DOGE token, the meme coin seems to be touching new highs shortly. Thus, analysts anticipate the $0.5 level as the next target for DOGE.
In the same manner, Ripple (XRP) has also benefitted greatly from the elections, with an impending rally surrounding the coin. Though Ripple (XRP) is set to soar massively, the emerging AI platform, IntelMarkets (INTL), outranks Ripple with its presale raise and huge investment appeal.
As the US election made headway on November 5, Dogecoin (DOGE) rose 957% in a key bull metric due to increased crypto whale interest in the token. The on-chain activity increased massively as the US elections progressed and also on the results day on November 6, which is indicative of bullish sentiment regarding the meme coin. This is because DOGE supporter Elon Musk backed candidate Donald Trump, who won the election.
As per data from IntoTheBlock, the wallets of big holders saw a surge in activity in the run-up to the election as indicated. The Whale Netflow metric registered 431.3 million DOGE movement from the 45.3 million seen earlier. This 957% surge in Dogecoin transaction volume in 24 hours showed the crypto market’s interest in the coin.
This metric indicates that large investors moved to collect more Dogecoin to gain an advantage from the Trump win-related surge, as they only held 0.1% of the meme coin in circulation. This increase in whale activity further caused the DOGE token to surge as the results were announced.
The recent addition of 620.84 million DOGE meme coins into the wallets of major holders pointed towards a bullish trend. This also led to more Dogecoin leaving these wallets which went from 56.85 million to 189.54 million tokens. However, despite this outflow of DOGE, the net accumulation of the market remained positive which is a result of crypto whale buying the digital assets.
As Dogecoin added 10% to its price on November 5, it is clear that a highly bullish sentiment surrounds the meme coin compelling the investors that the $0.5 level is going to be the next target.
As the dust settles from the US presidential election, investors turn their focus to the Ripple (XRP) case. In October, the SEC filed the Notice of Appeal, challenging the Programmatic Sales of Ripple (XRP) ruling and the final judgment.
During his campaign, Trump pledged to fire SEC Chair Gary Gensler on his first day in office, set for January 20, 2025. However, this date falls just days after the SEC’s deadline to submit its appeal-related opening brief.
Given Trump’s plans to replace Gensler, the SEC may face pressure to withdraw the appeal. Trump’s victory is significant for Ripple (XRP). If the SEC withdraws its appeal, Ripple (XRP) could climb to $1.00, mirroring the July 2023 rally in response to the Programmatic Sales ruling.
On Wednesday, November 6, Ripple (XRP) rallied 5.45%, following a 2.19% gain from the previous session, closing at $0.5422. However, Ripple (XRP) trailed the broader crypto market, which jumped by 9.01%, bringing the total market cap to $2.468 trillion. Thus, Ripple (XRP) is poised for a massive rally soon.
IntelMarkets (INTL) has received a warm welcome from investors since the beginning of its presale. This is evident from its performance so far. The project has raised over $2 million in its crypto ICO, while the INTL coin has increased by more than 300% to hit its current price of $0.045.
This remarkable response shows the interest in the approach used by IntelMarkets and its ability to revolutionize crypto trading. The project is quickly becoming one of the most popular in the DeFi market, mainly due to the use of Artificial Intelligence. Different from other platforms, IntelMarkets engages self-learning trading bots that can recognize market trends and enhance their performance by learning from the experience.
Additionally, IntelMarkets has a copy trading feature that allows traders to copy experts' moves. By doing so, newbies can make profits without having so much knowledge of the market. Furthermore, the platform has a 1000x leverage for high profits and risk management tools.
Presale: https://intelmarketspresale.com/
Buy Presale:https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarkets
Official Twitter: https://x.com/intel_markets
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
