Hedge

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Binance Coin (BNB) and Ripple (XRP) holders are hedging with IntelMarkets (INTL) and are eyeing a&nbsp; 2,500% price surge as they seek alternative growth opportunities for this AI coin. With Binance’s assets declining and XRP facing volatility, IntelMarkets’ 1000x leverage has attracted investors. Let’s learn more!
<h2 id="span-style-font-weight-400-binance-s-october-proof-of-reserves-shows-decline-in-assets-span">Binance’s October Proof of Reserves Shows Decline in Assets&nbsp;</h2>
Binance released its<a href="https://coinmarketcap.com/community/articles/6705099c14a579001083cff4/" rel="noopener noreferrer nofollow"> 23rd proof of reserves</a> snapshot on October 1, 2024. It shows a decline in user assets compared to the previous month. The report revealed that Binance holds 596,113 BTC, which is a 1.58% decrease from September.
In October’s snapshot, Binance’s XRP holdings stood at 2.921 billion, showing a slight increase from September’s 2.756 billion. Besides, in mid-October, BNB was<a href="https://coinmarketcap.com/currencies/bnb/" rel="noopener noreferrer nofollow"> trading around $580</a>, which was an increase of 15% in the past month.
Analysts say BNB has<a href="https://coingape.com/markets/bnb-price-prediction-2-reasons-why-binance-coin-is-up-16-in-a-week/" rel="noopener noreferrer nofollow"> good support at $500</a>. If BNB falls below this level, it could decline to $350. This could drop BNB as low as $200 if selling pressure intensifies. Thus, BNB investors are hedging with INTL to achieve better profits.
<h2 id="span-style-font-weight-400-canary-capital-files-for-spot-xrp-etf-span">Canary Capital Files for Spot XRP ETF</h2>
Canary Capital filed with the SEC to create a<a href="https://coinmarketcap.com/community/articles/6705dc748af57452bdbb5eb3/" rel="noopener noreferrer nofollow"> spot XRP ETF</a> on October 8, 2024. It became the second firm to show interest in Ripple within a week following Bitwise’s filing. Canary’s ETF aims to track XRP’s price using the Chicago Mercantile Exchange CF Ripple index.
As of mid-October, XRP was<a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow"> trading around $0.53</a>, with an 11% decrease in the past week. In addition, the<a href="https://coinmarketcap.com/community/articles/648183718eb2121202742cec/" rel="noopener noreferrer nofollow"> Bollinger bands</a> in the XRP chart indicate constant volatility, with resistance at $0.54 and support at $0.52.
Analysts say the technical indicators in the Ripple chart still signal bearish tendencies despite the ongoing bullish price movements in the short term. As a result, Ripple investors are looking for better AI coin options like INTL to reap profits.
<h2 id="span-style-font-weight-400-intelmarkets-attracts-traders-looking-to-hedge-with-ai-tools-span">IntelMarkets Attracts Traders Looking to Hedge with AI Tools</h2>
<a href="https://intelmarketspresale.com/?utm_source=coinrise&amp;utm_medium=bruno&amp;utm_campaign" rel="noopener noreferrer nofollow">IntelMarkets</a> has attracted BNB and XRP traders with its AI DeFi platform. IntelMarkets offers an innovative trading platform that provides up to 1000x leverage trading. It allows users to make huge profits with small capital investments.&nbsp;
Users can access exclusive trading environments reserved for high-net-worth individuals. Experts say advanced trading tools like real-time data, customizable indicators, and charting software help traders make precise decisions.
It also has AI trading bots that track your performance and create a personal trading strategy for you. It helps in capital allocation, setting stop loss, taking profit targets, etc. It makes your trading journey easier.
Additionally, IntelMarkets has introduced Route X21, the first quantum-proof security protocol. Experts say it protects the future of blockchain systems from the impending risks of quantum computing. IntelMarkets secures its native blockchain against potential threats.
<h2 id="span-style-font-weight-400-the-intl-ai-coin-is-set-for-a-307-pump-before-reaching-2-500-gains-span">The INTL AI Coin is Set for a 307% Pump Before Reaching 2,500% Gains</h2>
IntelMarkets has raised over $1 million during its presale. It is now in Stage 3 at the price of $0.027. Investors are taking advantage of this AI coin before the price increases to $0.036 in Stage 4. They are also attracted by a 50% buy bonus.
By the end of the presale, <a href="https://intelmarketspresale.com/?utm_source=coinrise&amp;utm_medium=bruno&amp;utm_campaign" rel="noopener noreferrer nofollow">INTL</a> will reach $0.11, a 307% increase from its current price. Experts predict that INTL will see major growth once listed on tier-1 exchanges. BNB and Ripple enthusiasts are also moving toward this AI coin for 2500% additional gains.
Experts say this AI coin would do wonders in price action. Buy INTL to grow your portfolio by a minimum of 2,500%!
<a href="https://intelmarketspresale.com/?utm_source=coinrise&amp;utm_medium=bruno&amp;utm_campaign" rel="noopener noreferrer nofollow">Visit Intel Markets Presale</a>
<a href="https://intelmarketspresale.com" rel="noopener noreferrer nofollow">Join The INTL Community</a>
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The post <a href="https://thecoinrise.com/bnb-and-xrp-holders-hedge-positions-with-new-ai-coin-poised-for-a-2500-price-move/" rel="noopener noreferrer nofollow">BNB And XRP Holders Hedge Positions With New AI Coin Poised For a 2,500% Price Move</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

BNB And XRP Holders Hedge Positions With New AI Coin Poised For a 2,500% Price Move

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