Why NuggetRush Could Be the Next Big Thing in Crypto, Leaving XRP and DOGE in the Dust?

The post Why NuggetRush Could Be the Next Big Thing in Crypto, Leaving XRP and DOGE in the Dust? appeared first on Coinpedia Fintech News

TLDR

• XRP could recover in Q2 2024.
• Dogecoin (DOGE) has fallen below the $0.2 mark.
• NuggetRush’s (NUGX) presale continues to turn heads in the gaming sector.

XRP’s community is excited over plans for a stablecoin on the network. Dogecoin (DOGE) faces competition from Shiba Inu in Q2 2024.

NuggetRush’s (NUGX) upcoming launch could create competition among top gaming tokens as investors have purchased over 270 million coins from its presale. Yet, can NUGX become one of the top crypto coins in 2024? Let’s discuss.

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Investors Enter April with High Excitement as NuggetRush’s Listing Draws Closer

Not all investors had 100% confidence in Bybit’s prediction of surging demand for gaming tokens. Yet, NuggetRush has been a sign that this prediction will become real. Many gaming enthusiasts have been captivated by the project’s inroads in the P2E industry. NuggetRush (NUGX) plans to lighten up the gaming sector with exciting mining adventures. 

The goal of NuggetRush (NUGX) is to become a profitable mining entrepreneur. You will use machinery, workers, and key business strategies that will help expand your operations and accumulate more wealth. Like many blockchain games, NuggetRush offers opportunities to collect NFT pieces with varying rarities and market value. 

These NFTs are also part of the live characters that participate in NuggetRush’s gaming adventures. Some of them are miners with years of experience. Others possess entrepreneurship skills that help increase one’s earnings from the game. NuggetRush’s (NUGX) community is vibrant as gamers can participate in group activities and enjoy shared rewards. 

Such group tasks also increase your reward eligibility in the game. NuggetRush (NUGX) prizes include in-game cash, NFT assets, and rare gems. Aside from trading, gamers can stake these NFTs with the potential to earn up to 20% APY. This makes NUGX more profitable than many of the most popular NFT projects.

NuggetRush (NUGX) has sold 270 million tokens in a blockchain ICO that just ended. Investors who joined NuggetRush in round one of its presale have earned 100% returns as its price soared to $0.020. More investors will join NuggetRush (NUGX) after its upcoming official listing. This could make it one of the top meme coins in the gaming industry.

XRP Ledger Will Soon Offer Stablecoin Functionalities

The XRP ecosystem will get a massive boost from upcoming plans to launch a stablecoin. On April 4, 2024, Ripple Labs announced that its U.S. dollar-backed stablecoin will launch on Ethereum and XRP ledger. The new stablecoin will have 100% backing from dollar deposits, government bonds, and cash equivalents.

The excitement around the news could help XRP surpass $0.60. XRP traded at $0.6882 on March 12. It lost bullish momentum, falling by 11.07% to $0.612 on March 27. XRP’s decline continued, dropping its price by 2.81% to $0.5948 on April 7.

XRP’s growth fortunes could improve if Ripple reaches a resolution with the SEC in their ongoing lawsuit. The SEC and Ripple Labs continue to disagree over XRP’s status as a financial security, with the legal battle heading into its third year. Analysts say a swift resolution to the case will boost XRP’s investor sentiment,  pushing its value up by 22.62% to $0.7294.

Dogecoin Faces Competition as Liquid Staking Prospects Pull Investors Toward Its Main Rival

Despite a slight drop below $0.20, Dogecoin (DOGE) remains one of the best-performing meme coins in 2024. Investors have flocked towards Dogecoin (DOGE) following Bitcoin’s return to $69,000 in early April. On-chain reports also show an $18 billion market capitalization increase on Dogecoin since late February.

Dogecoin’s DOGE token cost $0.1681 on March 12. It fell by 9.16% to $0.1527 on March 22 before rising by 34.64% to $0.2056 on April 1. As coin prices corrected in early April, DOGE fell slightly, dropping by 3.16% to $0.1991 on April 7.

Analysts opine that Dogecoin (DOGE) could drop due to a partnership with Shiba Inu, its biggest meme coin rival. Shiba Inu’s new collaboration will bring liquid staking to its ecosystem. 

Analysts say its rising DeFi activity could pull investors away from Dogecoin (DOGE). Still, they expect Dogecoin to remain one of the bullish altcoins in Q2 2024. They also expect DOGE’s price to rise by 20.44% to $0.2398.

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