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In the ever-evolving cryptocurrency sector, two compelling narratives are currently developing: the gripping legal saga between Ripple and the US Securities and Exchange Commission (SEC) over the status of XRP and the rise of NuggetRush (NUGX), a memecoin that seeks to redefine play-to-earn (P2E) gaming on the ethereum blockchain.
Ripple legal battle update
The discovery phase has ended in the legal battle between Ripple and the US Securities and Exchange Commission (SEC), sparking settlement rumors as important dates approach.
Notably, the discovery deadline ended on February 20, 2024 and key dates are approaching with deal rumors circulating. This legal battle has dominated cryptocurrency news for many months, and investors are now wondering what the future holds for XRP.
XRP investors have turned their attention to the upcoming dates to determine the future direction of the altcoin. The SEC will file a brief related to the remedies on March 13, while April 12 is the deadline for motions opposing the proposed remedies.
Additionally, April 29 is the deadline for final remedies, where the court will determine penalties for Ripple's institutional sales of XRP.
While Judge Analisa Torres' final verdict may not come until August, a settlement could resolve the case sooner. This possibility has been reiterated by other industry experts, citing the impact this lawsuit has had on Ripple, XRP, and the entire crypto market.
Initially, the SEC accused Ripple of selling unregistered securities, seeking a fine of $770 million. However, a July 2023 ruling favored Ripple, stating that sales on public exchanges were legal, but sales to specific institutional investors were deemed illegal.
Meanwhile, the crypto community is eagerly awaiting further developments, hoping for a definitive conclusion to the legal battle to determine XRP's next move.
On February 22, XRP was valued at $0.5418, up 0.42% over the past week. Analysts say XRP will trade between $0.5350 and $0.5650, pending these dates in the Ripple vs SEC lawsuit.
NuggetRush and P2E games
NuggetRush is a memecoin hosted on the ethereum blockchain. It consists of a well-designed mining adventure to challenge established play-to-earn (P2E) games.
Analysts say that the project has all the features and components that will allow it to dethrone Elon memecoins and claim dominance in the market.
In that sense, NuggetRush is developing a platform where investors, gamers and all interested P2E enthusiasts can enjoy high rewards for participating in an attractive adventure for gold.
NuggetRush provides the opportunity to immerse yourself in the daily routines of artisanal miners in developing countries. Players can experience the thrill of building tunnels and personally mining mineral resources.
The platform is equipped with experienced mining characters who help players on their expeditions. Additionally, participants receive mining equipment as they advance to higher levels.
Surprisingly, NuggetRush offers players and investors many opportunities to earn in-game rewards. However, the opportunities available are not affected by the player's skills or skill levels. NuggetRush participants earn rewards from competitions, tournaments, battles, and ranked games.
After completing a task, users receive various in-game rewards such as mining equipment, the latest nft characters, and other advanced machinery and assets.
Players can then exchange these in-game collectibles for tangible currency offered on the NuggetRush marketplace. Furthermore, players and investors can increase their profits and receive greater rewards by staking their NFTs.
The project is currently in round 5 of the pre-sale, where NUGX is valued at $0.018 and will increase to its listing price of $0.020 at the end of this round. The project has sold over 190 million tokens and raised at least $2.3 million.
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