IntelMarkets' Perpetual Futures Benefits Appeals To Ripple and Shiba Inu Investors

Per reports, someone has stolen the $36.5 billion gift to the Shiba Inu community. Also, Ripple wants to launch a custody service in South Korea.

Meanwhile, IntelMarkets is diving into the trading of perpetual futures. Its plan is to revolutionize this sector, making it more accessible to traders.

Shiba Inu (SHIB) 36.5 ETH Stolen

Based on on-chain data, it appears that the Ethereum tokens gifted to the Shiba Inu DAO have been drained. This comes after the community decided to keep it in a multisig wallet. The thief divided the money and then transferred it to the exchanges.

While it is not certain if the funds can be recovered, the community has yet to take any action. In other news, Shiba Inu coin is trading in the red zone. The price of the cryptocurrency has been on a steep decline, falling below the 50-Day SMA ($0.00001493).

Still, Shiba Inu crypto remains the second largest memecoin. Its market cap has been in the range of $7.5 and $9.5 billion on the monthly timeframe. Analysts say Shiba Inu price might continue to drop unless buyers take charge.

Ripple (XRP) To Partner With Commercial Banks in South Korea

In a recent interview, Monica Long, Ripple’s President, said the company plans to launch a crypto custody service in the South Korean market. She cited the growing interest in Ripple XRP in the region as a reason.

She said Ripple is planning to collaborate with commercial banks in the country for the provision of a cryptocurrency servicing solution. Ripple plans to launch this initiative as soon as it receives permission from the Korean Financial Services Commission (FSC).

As a result, the Ripple price prediction is bearish now. The cryptocurrency just dropped below the 200-day SMA at $0.545597. However, analysts forecast the value of the Ripple coin could increase in the coming days.

Next-Gen Trading Platform, Intel Markets, Stands Out in Presale

IntelMarkets (INTL) has raised over $230k, making it one of the fastest-growing presale in the market. IntelMarkets is in the process of developing a new generation trading platform that contains other features of the most modern AI technologies. This is to enable the users to increase their productivity and profitability.

It will also allow trading of perpetual futures trading, a market with daily turnovers of $101.9 billion in 2022. That is not all. Intel Markets has a dual architecture, allowing users to choose the Ethereum or Solana blockchains. They will be able to achieve high levels of leverage, trading during the period 24/7, high liquidities, risk management tools, and other numerous options.

Cyberscope has audited the smart contract of the platform, which means that it is safe. Experts suggest that it will be a better coin as far as investors are concerned for future gains, especially if one considers the features of the trading platform.

Will IntelMarkets Outperform Ripple and Solana?

Analysts are bullish about IntelMarkets. They predict a massive gain of 1,100% if it gains momentum. Also, IntelMarket’s foray into the perpetual future sets it apart from others who dwell on spot trading.

With the features listed above, IntelMarkets can grow into a huge project. This makes it a good addition to any portfolio.