NuggetRush presale gains traction as Dogecoin and XRP face headwinds

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Dogecoin (DOGE) holders expect a recovery in Q1 2024.
XRP is now trading below $0.60 amid its recent bearish momentum.
NuggetRush (NUGX) is a gaming adventure where players can win gold and other NFT rewards.

Dogecoin (DOGE) could see renewed interest as analysts predict a resurgence of the meme coin craze. XRP has fallen to the $0.58 range amid continued bearish sentiment.

NuggetRush (NUGX) is gaining traction among investors seeking to recover their losses. It offers a mining game built on the Ethereum blockchain.

NuggetRush sells over 145 million tokens

NuggetRush is a blockchain-based mining adventure game offering play-to-earn experiences.

As one of the first to focus on resource extraction, NuggetRush allows players to set up virtual mining operations to excavate valuables like gold.

In the game, extracted resources can be sold on the NuggetRush marketplace for cash rewards. Completing mining quests also provides players with NFTs and funds as incentives. A player’s earning potential depends partly on mining efficiency, with higher efficiency unlocking greater rewards.

You might also like: Web3 breaks ground with the convenience of a consumer-centric approach | Opinion

However, NuggetRush evens access by enabling all participants to upgrade their operations’ productivity by hiring more skilled workers and obtaining better gear on the internal marketplace. Players may also generate proceeds through exchanging NFT assets on this exchange.

Additionally, NuggetRush facilitates NFT staking to allow asset holding while producing attractive yield payouts over time. Altogether, these features aim towards an inclusive structure for wealth-building.

While still in presale ahead of the full launch, NuggetRush has already raised over $1.6 million from selling 145 million NUGX tokens.

Currently, in round four, NUGX is available for $0.015.

Dogecoin could reclaim $0.10

Meme coins like Dogecoin and Shiba Inu gained significant popularity in 2023 despite the overall downturn in the crypto market.

Dogecoin’s market capitalization reached around $12 billion by the end of the year, partly due to the increased competition from BONK meme coin.

DOGE rose from $0.08561 on Dec. 3 to $0.09358 by Dec. 27.

You might also like: Ethereum is bullish; Solana and NuggetRush ecosystems growing

However, its upward momentum slowed at the beginning of 2024 and dropped to $0.08137 by Jan. 7.

Several analysts anticipate a potential resurgence in meme coin activity, driven by the popularity of BONK, PEPE, and dogwifhat. BONK had become the third-largest meme coin by market capitalization in late 2023.

If meme coin activity picks up, it could increase demand for DOGE. This could push prices by 25.8% to $0.10237.

XRP falls below $0.60

Despite a broader crypto market rally, XRP is under pressure due to its ongoing legal case with the SEC.

The dispute centers on determining XRP’s regulatory status.

On Dec. 1, XRP traded at $0.6237 but fell 1.4% to $0.6149 by Dec. 31. The decline continued with a 6% drop to $0.5779 on Jan. 8.

Analysts attribute XRP’s lagging performance primarily to uncertainty surrounding litigation outcomes. Some experts advise a potential settlement could aid XRP. Others believe a favorable court judgment may spur a rally.

Yet, with the case continuing, some XRP holders expect prices to fall 26.7% to $0.4232 in Q1 2024, citing persistent headwinds.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.