Gary Gensler Era Over: Will XRP Hit $3, BNB $1000, and More?
The news is finally out: SEC Chair Gary Gensler is stepping down on January 20, 2025. This announcement has given hope to many analysts and crypto fans who are looking forward to a more positive relationship with the SEC in the future. While the markets are buzzing with excitement about Gensler’s departure, the official confirmation could have a big impact on Binance Coin (BNB) and XRP prices.
After the news of Gensler’s resignation, XRP saw a spike of nearly 24.75% and broke through the $1.37 resistance level. Experts believe this breakthrough sets the stage for further gains for Ripple. Technical indicators are also pointing towards a strong buy signal for XRP. However, instead of aiming for $3, investors should keep an eye on $1.59, which is XRP’s three-year high. Long-term predictions suggest that XRP could surpass the $3 mark in the future.
On the other hand, Binance Coin (BNB) might not reach the $1000 milestone in the current rally. Despite its strong performance year over year, the recent market uptrend seems to have slowed BNB’s upward momentum. The coin, which is currently trading at $625.21, saw a growth of 165.54% in 2024, but only a 7.39% increase in November. Analysts predict a price range of $550 to $700 for BNB by 2025, making $1000 seem like a distant dream. Investors might want to consider other high-growth options like IntelMarkets (INTL).
IntelMarkets (INTL) is making waves in the crypto world with its innovative trading platform, offering perpetual futures contracts with advanced leverage options. These contracts have no expiry dates, making them attractive to investors. With a dual-chain architecture on Ethereum and Solana blockchains, INTL provides users with flexibility and scalability. Traders can choose the blockchain that suits their needs, ensuring fast execution, robust risk management tools, and a wide range of asset pairs. With backing from Fortune 500 investors and a sovereign wealth fund, INTL seems poised for success, with some predicting a 4000% takeoff in the near future.
