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In 2023, XRP rallied despite regulatory challenges. The coin soared to $0.82 before retracing. On the other hand, the NuggetRush (NUGX) presale has drawn investors due to its performance.
XRP to break above the 2023 high?
XRP’s performance in 2024 hinges on various factors, including regulatory changes, market conditions, and overall advancements.
Since 2020, Ripple has faced regulatory scrutiny from the U.S. SEC, leading to a decline from its all-time high (ATH) of over $3.
In January, Ripple initiated a $285 million buyback program to address tax issues and appease the SEC. There’s optimism among experts that the ongoing legal dispute between Ripple and the SEC might conclude this year if they reach an agreement.
The anticipation of a bull run in the cryptocurrency market in 2024 sets a positive backdrop for Ripple’s potential performance. The expected market rally is anticipated to commence following Bitcoin’s halving event in April, with the introduction of a Bitcoin ETF contributing to increased market liquidity, thus bolstering upside potential. These favorable market conditions could increase XRP prices by the year’s end.
Despite experiencing a decline from its December 2023 peak of $0.70, XRP recently encountered potential support around the $0.52 range. Its price movement aligns with ongoing developments and market expectations.
If the broader market rally propels XRP past its previous highs, it’s conceivable that the coin could reach $1 before the second quarter.
NuggetRush’s presale performance
NuggetRush has garnered significant interest from investors in the NFT, gaming, and defi sectors.
Its appeal lies in its unique offering of investing in a specialized defi gaming experience intertwined with NFTs.
Players engage in mining activities in the game to extract valuable minerals from various in-game locations.
These mined assets hold real value, enabling players to earn actual cash.
This feature has surged demand for NUGX, the platform’s native currency.
Over 174 million NUGX have been sold in the ongoing presale.
Additionally, NuggetRush has an NFT collection, drawing inspiration from popular gaming characters.
Notably, the rare RUSHGEMS collection allows holders to trade for real gold, further enhancing its appeal.
Holders can also stake NuggetRush’s NFTs on the platform, yielding an annual percentage of 20%.
In the current stage, NUGX is trading for $0.018, up 80% from stage 1. The token will list for $0.020.
So far, NuggetRush has raised over $2.1 million.
Conclusion
XRP may surge above 2023’s highs. On the other hand, NuggetRush is drawing investors in the ongoing presale. NUGX has the potential to post even more growth once it lists.
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Source: https://crypto.news/xrp-bulls-target-new-all-time-high-in-2024/