Analysts forecast surge for SHIB, XRP amid downturn, but this new coin has risen 700%

Analysts predict price surges for Shiba Inu and Ripple despite the market downturn, while a new coin delivers an impressive 700% rise.

The crypto market has witnessed a sharp correction after its strong bull run that began in November. This downtrend has affected the prices of Shiba Inu (SHIB) and Ripple (XRP). Nevertheless, analysts forecast their prices could increase in the coming weeks.

SHIB might rise to $0.0004729 while XRP could pump to $2.78. Meanwhile, a DeFi cryptocurrency, Intel Markets has risen by 700% over the past few months. Experts say its value may soar by 10x soon as SHIB and XRP investors are now joining the train.

Shiba Inu drops but analysts stay optimistic

Shiba Inu has experienced a massive price correction in the past few weeks. Data from CoinMarketCap shows the Shiba Inu price has dropped by 16.8% on the weekly timeframe. The losses have also extended to the biweekly and monthly levels where there are price drops of 23.0% and 3.1%.

The meme coin’s value is consolidating between $0.00002364 and $0.00002887 on the weekly level. Despite the decline, analysts maintain a bullish stance on the Shiba Inu crypto. Crypto Sheriff believes that SHIB’s price could rise above its current record high of $0.00008654 this cycle.

Also, another analyst CryptoELITES has cited a cup and handle formation on the weekly chart. According to him, a potential breakout could push the Shiba Inu price USD to $0.0004729. Such a rally would erase a zero from the current value of the token.

Investor gives targets for XRP

Armando Pantojo, a cryptocurrency investor, has outlined his price targets for XRP. According to him, the Ripple coin price could surge to $3.87, and then a sharp rise to $8 in the coming weeks. He expects FOMO to rise sharply when the price of the Ripple coin pumps to between $10 and $12.

In another tweet, the crypto investor highlighted some major factors that could push the value of the Ripple token up. One of them is the potential approval of XRP ETFs which could occur next year. Another factor he mentioned was the end of the rift between Ripple and the US SEC.

At the moment, the Ripple price is consolidating between $2.27 and $2.70 on the weekly timeframe. The cryptocurrency’s price has dropped by 1.2% on this level but its technical indicators, the 14-day RSI remain bullish.

Intel Markets makes waves in ongoing crypto ICO

Intel Markets is now in its eighth presale stage. Its price has risen by over 700% to the current price of $0.073273. With the project raising an impressive $5 million in presale, industry gurus are bullish about INTL and believe it is among the best cryptos to invest in heading into 2025. The core of Intel Markets is its unique Rodeum AI-based trading bots.

These bots can study market behavior patterns and learn from past traders to improve their trading strategies. Combined with the Intelli-M multi-channel analysis tool and the Intell-Array monitoring system, traders receive comprehensive real-time market data that enables them to quickly seize new opportunities and adapt to market changes with great speed.

In addition, Intel Markets provides users with a dual-chain platform. They can select either Ethereum or Solana blockchains. This dual-chain approach not only improves flexibility but also helps Intel Markets to make trade settlements 500x faster than Starknet, improving the trading experience of its users fast and highly effective.

Final thoughts

While Shiba Inu and Ripple prepare for potential price increases, Intel Markets is attracting attention with its incredible 700% increase. This DeFi coin has attracted the attention of users, which is an indication that it could be the next giant in the crypto market. Since investors are always on the lookout for high-growth opportunities, Intel Markets can be considered as a strong contender for future high returns.

To learn more about Intel Markets, visit the presale website, Telegram, and Twitter.