The dust has settled on the rumors and it is now official that SEC Gary Gensler will be resigning as SEC Chairman. We still have a date where he will leave on January 20, 2025. The confirmation fueled hopes among analysts and crypto enthusiasts that their exit should mark the end of a stormy relationship with the SEC.
While markets are rising on rumors of Gensler’s resignation, an official announcement could push Binance Coin (BNB) and XRP prices to new price gains. The prices of both Binance Coin (BNB) and XRP need to be carefully evaluated and compared to higher growth options like INTL.
Ripple (XRP) Set to Break $3 Benchmark Amid Current Market Rally
After SEC Chairman Gensler announced his resignation, XRP price rose by nearly 24.75% and broke through the $1.37 resistance level. Experts predict that this breakthrough will set the stage for Ripple’s continued rise. Technicals are also giving a strong buy signal for the coin.
Source: CoinMarketCap
However, unlike expectations of $3, the next price investors should watch is $1.59, which is Ripple’s three-year high. The last time XRP price touched this range was in April 2021. The long-term prediction is that the coin will break above $3.
Binance Coin (BNB) is unlikely to break above the $1,000 benchmark on the current rally
While cryptocurrencies are experiencing something of a renaissance, the wild predictions circulating need to stop. Unlike many other coins, Binance Coin (BNB) has performed well year-over-year and is unaffected by the industry-wide rally. In fact, the current rally appears to have slowed its upward momentum.
Source: CoinMarketCap
The coin has grown by 165.54% in 2024 and is currently priced at $625.21. Among them, growth slowed to 7.39% in November. While the technicals support a buying bias, investors must realize that BNB is currently far from the $1,000 benchmark.
Analysts predict that the price of Binance Coin (BNB) will reach $550 to $700 by 2025. This makes wild predictions of a $1,000 price a pipe dream. Instead, it makes business sense for investors to choose a fast-growing option like INTL.
Intel market INTL is expected to achieve a 4000% take-off and go down in history
Intel Market (INTL) is a dynamic cryptocurrency trading ecosystem that provides users with perpetual futures contracts with advanced leverage options. Perpetual futures are attractive to investors because they do not have any expiration date. This is one of the reasons why the project has attracted attention from the industry.
IntelMarkets users will gain unparalleled flexibility and scalability from its dual-chain architecture built on the Ethereum and Solana blockchains. Traders can choose their preferred blockchain and use the advantages of each blockchain to optimize their trading strategies.
This selection provides traders with fast execution, comprehensive risk management tools, and diverse asset pairs. INTL has raised $2.45 million from Fortune 500 investors and sovereign wealth funds. Investment has recently been opened to a wide range of investors.
in conclusion
Binance Coin (BNB) and XRP are both rising in price, albeit for completely different reasons. The improved outlook for the cryptocurrency market following SEC Chairman Gensler’s announcement means the outlook for all cryptocurrency projects is positive.
Upcoming projects such as Intel Marketplace INTL will benefit from this optimism, but will also achieve their performance parameters. However, a closer assessment of existing coins reveals that talk of XRP hitting $3 and BNB hitting $1,000 is premature.
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