Bitcoin Not a Hedge Against Geopolitical Tensions, Says Standard Chartered; What About IntelMarkets? Ripple and Tron Price Prediction

With geopolitical risk on the rise, especially in the Middle East, Standard Chartered’s global head of digital assets research, Geoff Kendrick, posited that Bitcoin turned out not to be the safe haven as many had expected. Besides, Bitcoin’s price is expected to go below $60k soon.

Investors are looking at IntelMarkets. Analysts believe it could be more resistant to the big fluctuations in the market in such moments. Meanwhile, the prices of Ripple (XRP) and Tron (TRX) are expected to increase in the coming months.

Ripple (XRP) and Mercado Bitcoin Partner For Cross-Border Payment In Brazil

Ripple (XRP) has signed Mercado Bitcoin, one of the largest cryptocurrency exchanges in Latin America. The company will use RipplePay service to offer instant cross border payments in Brazil. 

This partnership will help businesses to make cross-border payments quicker, cheaper, and more effective with the help of Ripple’s end-to-end solution. Mercado Bitcoin will also use Ripple’s (XRP) solution to enhance internal treasury transactions between Brazil and Portugal. 

In other news, the sentiment surrounding Ripple crypto is currently bearish. The price of the altcoin has dropped on the weekly, biweekly, and monthly chart after the SEC filed for an appeal. 

Looking ahead, the Ripple coin now has resistances at 50-SMA ($0.572893) and 200-SMA ($0.553653). Yet, Coincodex forecasts Ripple price could rise to $0.625477 in the coming weeks. 

Tron (TRX) Price Shows Resilience Amid Downtrend 

Activity in the Tron (TRX) ecosystem has dropped recently due to low interest in Tron-based memecoins, which were very popular in September. Also, the selling pressure in the market has added to the mix, drawing the Tron coin close to the 50-SMA at $0.151417.

However, the price of the cryptocurrency is still bullish on the weekly and monthly timeframes. Tron crypto is among the few coins that have not lost their entire September gains. 

Presently, most of its technical indicators are supporting a positive outlook for the digital currency. The 14-Day RSI is above the 50 mark. Also, the VWMA (10) is displaying a buy signal. Analysts forecast that the Tron price could pump to $0.173425 in the coming weeks. 

IntelMarkets (INTL): A Hedge Against Market Prices

Analysts have tagged IntelMarkets (INTL) an edge against inflation, given its wide utility in an upcoming crypto exchange. The INTL token will be used for trading and also upgrading tools. Analysts argue that the continuous usage of the DeFi coin will help to make its price stable and resistant to market fluctuations. 

Such potential makes INTL a good cryptocurrency to buy. The token is currently at the third stage of its presale and is valued at $0.027364, an increase of 200% from the initial price. IntelMarkets has raised over $910k in funding. The reason for the huge attention in the presale is the crypto trading platform on the way. 

This DeFi project is focused on empowering retail trades with next-generation tools and resources that will make trading easy. There will also be an AI-powered trading bot that investors can use to analyze the market and set price targets and risk levels. The bots are even self-learning and can mirror any strategy to increase their success rate.

Also, traders can also pick which blockchain they want to use thanks to the IntelMarkets dual-chain structure. They can choose either Ethereum, which is known for its smart contracts and liquidity pools, or Solana, for its speed and low fees.

Conclusion 

While Bitcoin’s role as a hedge during geopolitical tension is under question, IntelMarkets is gaining traction as a potential alternative. Analysts forecast the value of IntelMarkets could increase by 10x in the future based on its unique features and potential for adoption.

Discover More About IntelMarkets:

Presale: https://intelmarketspresale.com/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets