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Bitcoin fell after the Federal Reserve announced that it would keep rates steady. Meanwhile, analysts say XRP can rally in 2024. On the other hand, more investors are exploring NuggetRush (NUGX).
Bitcoin drops
Bitcoin recently fell to $42,000 following the Fed’s decision to delay interest rate cuts due to, among other macro factors, falling inflation and a robust labor market.
Despite this, many analysts remain optimistic, citing the upcoming Bitcoin halving as a possible trigger for bulls.
NuggetRush set for gains in 2024
NuggetRush may benefit from the upcoming Bitcoin halving event.
The platform has a play-to-earn (P2E) game for gamers to earn rewards. Its mining virtual world is based on the gold rush.
Players can also stake NFTs and NUGX to earn rewards. They can also access a wide range of NFT collections, including RUSHGEM NFTs, integrated directly into the game and staked for up to 20% returns.
In the ongoing presale, over 168 million NUGX have been sold.
At the present stage, each NUGX is available for $0.018.
XRP is firm
XRP is solid, recently breaking above a historic bearish pattern. Even so, XRP remains in a bearish formation, staying around the $0.50 support. Some analysts believe XRP may rally and break above $1 in 2024.
Conclusion
The Fed’s decision negatively impacted crypto assets, including Bitcoin. However, other data suggests that XRP and NuggetRush might continue to trend higher in the long term.
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Source: https://crypto.news/bitcoin-falls-xrp-and-nuggetrush-may-post-sharp-gains/