Apecoin Hype Fizzles Out as Traders Shift $51.2 Million Profits to XRP and IntelMarkets (INTL)
The
cryptomarket
as
a
whole
is
more
volatile
than
ever.
Recently
things
have
changed
as
the
profit
from
ApeCoin
(APE)
starts
diminishing
and
the
traders
seek
new
rallies.
Although
Apecoin
has
garnered
some
attention
in
the
past,
the
future
possibilities
for
such
an
increase
now
seem
rather
poor.
That
is
why
an
increasing
number
of
investors
are
taking
their
profits
and
reinvesting
into
Ripple
(XRP)
and
the
new
AI
crypto,
IntelMarkets
(INTL).
Apecoin
(APE):
Fizzling
Out
After
a
Strong
Start
When
APE
was
launched
it
immediately
went
through
the
roof,
primarily
due
to
its
association
with
Bored
Ape
Yacht
Club
–
an
NFT
project
with
popularity
in
the
digital
assets
market.
The
coin
got
a
lot
of
attention
when
it
was
newly
launched,
boosting
it
substantially.
Nevertheless,
the
moment
the
hype
around
APE
died
out,
so
did
Apecoin’s
performance.
The
price
of
ApeCoin
as
of
today
is
$1.28,
down
significantly
from
its
high
of
$2.40
per
token
set
in
March
this
year.
Apecoin
still
stays
as
a
symbol
of
the
BAYC
community
and
its
adoption
hasn’t
expanded
that
much.
It
has
also
occurred
that
hope
for
using
such
outlooks
based
on
meme-related
projects
has
moved
to
functional
and
utility
based
cryptocurrencies,
so
Apecoin
is
left
behind
in
the
race.
For
traders
who
invested
at
the
top,
the
returns
have
been
high
and
many
of
those
have
liquidated
and
are
now
investing
in
other
cryptocurrencies.
Ripple
(XRP):
A
Comeback
on
the
Horizon?
Despite
this,
Apecoin
remains
stable
and
has
become
one
of
the
most
popular
tokens
among
traders
seeking
more
stable
coins
with
the
potential
for
further
growth
instead
of
Ripple
(XRP).
XRP
has
made
headlines
because
of
the
court
case
with
the
US
Security
and
Exchange
Commission
SEC.
However,
while
that
is
still
going
Ripple
has
proven
to
be
rather
tenacious,
holding
one
of
the
top
ten
positions
in
terms
of
market
capitalization.
Currently,
Ripple
sits
at
$0.53,
which
is
a
far
cry
from
its
all-time
high
price
of
$3.84
recorded
in
mid
January,
2018.
While
there
are
some
fears
that
Ripple
has
had
some
problems
recently,
many
experts
predict
that
it
will
have
a
serious
bounce.
Traders
are
especially
optimistic
with
the
ongoing
case
displaying
signs
of
being
closed,
and
Ripple
expanding
its
operations
around
the
globe,
that
XRP
could
be
trading
above
$1.50
in
2024.
Also,
the
latest
$10
million
donation
by
Ripple
for
development
projects
has
added
to
the
coin
excitement
to
clinch
more
grounds
for
long-term
growth.
IntelMarkets
(INTL):
A
Rising
AI
DeFi
Star
The
other
major
player
driving
the
shift
to
the
market
is
IntelMarkets
(INTL),
a
relatively
new
player
to
the
decentralized
finance
(DeFi)
and
Artificial
Intelligence
(AI)
backed
crypto
industry.
In
contrast
to
the
latter,
Apecoin
entirely
relies
on
the
hype
that
surrounds
it,
or
XRP
which
is
currently
facing
legal
issues,
IntelMarkets
has
something
more
valuable
to
offer
–
a
combination
of
a
trading
platform
with
AI-based
technology
applied
to
DeFi
operations
providing
user
access
to
state-of-the-art,
self-improving
algorithms
enhancing
operation
on
the
market.
The
firm
launched
its
presale
and
IntelMarketsIntelMarkets“>
IntelMarkets
has
managed
to
attract
more
than
$1.6
Million
worth
of
investments
within
a
matter
of
weeks
which
shows
more
acceptance
of
the
idea.
As
it
stands
at
$0.037,
IntelMarkets
is
as
cheap
as
any
presale
crypto,
and
with
such
potential
for
growth
upon
listing,
it
could
be
a
real
steal.
Experts
predict
this
AI
operated
platform
can
grow
75x
once
it
becomes
a
public
entity.
IntelMarkets
provides
innovation
and
a
concept
of
a
forward-looking
company.
Continued
development
of
AI
and
its
increasing
presence
in
the
financial
markets
means
that
IntelMarkets
will
be
able
to
take
up
the
mantle
of
big
scale
automated
trading.
Low
presale
price
per
token
and
anticipated
high
and
increasing
demand
for
its
tokens
make
it
interesting
for
traders
seeking
the
next
big
thing.
Conclusion
The
cryptomarket
is
rather
volatile
and
traders
must
be
ready
to
learn
about
the
latest
breakthroughs.
Thus,
we
will
see
people
moving
away
from
outdated
projects
such
as
Apecoin
(APE)
which
has
already
stopped
rising.
Ripple
(XRP)
is
another
potent
contender
if
its
legal
saga
is
finalized.
That
is
why
in
an
ever
changing
market,
the
trading
company
IntelMarkets (INTL)IntelMarkets (INTL)“>
IntelMarkets
(INTL),
which
applies
Artificial
Intelligence
to
create
trading
strategies
with
a
very
low
entry
point
may
bring
life-changing
profit
during
the
further
months.
If
you’re
interested
in
the
next
big
thing
in
the
market,
then
the
smart
thing
to
do
would
be
to
keep
your
money
on
XRP
and
IntelMarkets
(INTL).
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