Prominent Cryptocurrency Trader Advises Against XRP at Current Rates, Suggests Fresh Coin Option
In Brief
XRP’s legal tussle with the SEC is dissuading investors from buying its token.
A popular crypto investor and analyst is now asking investors to shun XRP in favor of NuggetRush.
NuggetRush (NUGX) is a play-to-earn mining world that will be launched on Ethereum. The game stands out for offering various financial rewards including the opportunity to win gold.
XRP’s ongoing lawsuit with the Securities and Exchange Commission (SEC) has reduced its investor sentiment in 2023. Now, a prominent crypto trader is telling investors to steer clear of XRP pending the resolution of its regulatory disputes.
The trader is asking investors to back NuggetRush (NUGX) – a play-to-earn project that has generated 20% ROI since the start of its presale. Will NUGX outperform XRP to become one of the top altcoins of 2024? Let’s see what analysts think.
XRP’s Legal Battles Overshadows its Market Growth
The ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple Labs has overshadowed the performance of XRP. As market bullishness rose in the past few weeks, XRP followed.
XRP was trading at $0.525 on October 1. Subsequent market bullishness pushed XRP up by 14.2% to $0.600 on October 31. It further maintained its bullishness, rising by 10.1% to $0.661 on November 5.
Despite its rally, analysts warn against buying XRP pending its ongoing court case. The SEC is suing Ripple Labs over the financial status of XRP tokens.
The SEC says XRP is an unregistered security, while Ripple Labs vehemently rejects the SEC’s position. Experts say that Ripple Labs will likely opt for a settlement. If this fails and Ripple Labs loses the lawsuit, XRP could fall by 26.0% to $0.489.
NuggetRush (NUGX): Play-to-Earn Game Records 20% Jump
The play-to-earn gaming scene is about to explode following the upcoming launch of NuggetRush (NUGX). The game features a hyperrealistic mineral-rich terrain filled with artisanal miners. The game offers multiple opportunities to earn money through challenges, battles, quests, and ranked play.
NuggetRush (NUGX) offers an ecosystem of individuals who love mining adventures. Players get to dig shafts, set up tunnels, and sell minerals excavated from mining sites. They can also use in-game money to improve their machinery and NFT characters.
When upgraded, machinery and other in-game collectibles have higher financial value. NuggetRush (NUGX) allows the player to stake their NFTs. Many analysts agree that NFT staking could make NuggetRush (NUGX) one of the top DeFi projects.
Finally, the game would also offer RUSHGEM NFTs, which are swappable for gold. Players who join NuggetRush’s (NUGX) Rush Guild will have voting rights and access to restricted areas in the game.
Before NuggetRush’s upcoming launch, it is holding an ongoing blockchain ICO. NUGX just entered Round 2 of its presale with a 20% increase, as its value rose from $0.010 to $0.012. When it grows to $0.020, NUGX will be listed, and the team will launch the mining game.
Visit NuggetRush Presale Website
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
