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In 2023, XRP rallied despite regulatory challenges. The coin soared to $0.82 before retreating. On the other hand, the NuggetRush (NUGX) pre-sale has attracted investors due to its performance.
Will XRP break 2023 high?
XRP's performance in 2024 depends on several factors, including regulatory changes, market conditions, and general developments.
Since 2020, Ripple has faced regulatory scrutiny from the US SEC, resulting in a drop 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 is optimism among experts that the ongoing legal dispute between Ripple and the SEC could conclude this year if they reach a settlement.
The anticipation of a bull run in the cryptocurrency market in 2024 creates a positive context for Ripple's potential performance. The expected market rally is expected to begin after the bitcoin halving event in April, with the introduction of a bitcoin ETF that will contribute to greater market liquidity, thus reinforcing the bullish potential. These favorable market conditions could boost XRP prices by the end of the year.
Despite experiencing a decline from its high of $0.70 in December 2023, XRP recently found potential support around the $0.52 range. Its price movement is aligned with current developments and market expectations.
If the broader market rally pushes XRP beyond its previous highs, it is possible that the coin could reach $1 before the second quarter.
NuggetRush Pre-Sale Performance
NuggetRush has sparked great interest from investors in the nft, gaming, and defi sectors.
Its appeal lies in its unique offer of investing in a specialized defi gaming experience intertwined with NFTs.
Players engage in in-game mining activities to extract valuable minerals from various in-game locations.
These mined assets have real value, allowing players to win real money.
This feature has increased the demand for NUGX, the platform's native currency.
More than 174 million NUGX have been sold in the ongoing pre-sale.
Additionally, NuggetRush has an nft collection that is inspired by popular game characters.
In particular, the rare RUSHGEMS collection allows its holders to exchange for real gold, further enhancing its appeal.
Holders can also stake NuggetRush NFTs on the platform, generating an annual percentage of 20%.
At the current stage, NUGX is trading at $0.018, up 80% from stage 1. The token will be trading at $0.020.
So far, NuggetRush has raised over $2.1 million.
Conclusion
XRP may surpass 2023 highs. On the other hand, NuggetRush is attracting investors in the ongoing pre-sale. NUGX has the potential to post even greater growth once it lists.
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