TLDR:
While Ripple (XRP) has struggled to keep up with the performance of other top altcoins, Vandell Aljarrah, a finance consultant, has forecasted that the potential institutional demand for XRP will endure and bolster the value of the coin.
Other altcoins that are poised for breakout rallies are Cardano (ADA) and NuggetRush (NUGX). While Trend Rider has explained that ADA is mimicking the 2020 pattern that could take its price to $3.00, analysts have set a price target of $1.00 NUGX as it goes live on Uniswap.
Amidst the recent crypto crash, NuggetRush (NUGX) remained a major attraction for investors. The project raised over $3.8 million, emerging as one of the best ICO projects of 2024. The big magnet to NuggetRush has been its thrilling mining-themed game, which combines play-to-earn components with adventure and impressive passive income opportunities.
Players in the NuggetRush virtual world can participate in adventures and tournaments to earn in-game rewards. NuggetRush also promotes teamwork among users, allowing players to form teams with other gamers for a community-focused atmosphere. Free tokens, in-game items, and even trending NFTs are given to winners as prizes.
The aim of the game is simple: employ tactics, machinery, and popular NFT characters to find as much gold and precious metals as possible. The game’s allure significantly increases as it promises to partner with gold providers to distribute the physical gold assets to players.
This model not only sets NuggetRush apart from other gaming projects but also sets up the project for instant success as it launches. The airdrop of the NUGX token is live. The ERC20 coins are at a price of $0.020. However, given the potential of the project, investors are bullish that a rally to $1.00 is possible.
While Cardano (ADA) might have struggled with the rest of the crypto market in April, top analyst Trend Rider has shared an optimistic view about the altcoin. According to the recent analysis from Trend Rider, Cardano is ready for a massive rally that will take the altcoin price above $3.00. The analyst explained that ADA is mirroring the same pattern it formed in October 2020.
Based on this pattern, Cardano will have the ultimate support test. He further explained that if ADA experiences a bullish RSI crossover and retest, then a massive rally could happen. From the current range at $0.4500, a potential rally above $3.00 makes Cardano one of the best altcoins to buy now.
Like Cardano, Ripple (XRP) has felt the brunt of the market crash in recent weeks. Although XRP has tumbled back to the $0.5000 support level, the co-founder of Black Swan Capitalist, Vandell Aljarrah, has predicted that XRP will enjoy high institutional demand. Based on his assertion, institutions will never leave XRP when they have a taste of its potential.
Vandell explained that the adoption of XRP by institutions will lead to the altcoin being traded on public exchanges. Given the capabilities of XRP in cross-border transactions, the financial consultants opine that the demand for XRP will be very high. The demand, in turn, will lead to “astronomical prices” for XRP.
A potential repeat of the October 2020 pattern could be a turning point for Cardano. However, XRP would look to settle its ongoing SEC lawsuit before benefiting from institutional demand. Meanwhile, the growing demand for NuggetRush in the GameFi space has made it one of the best alt tokens to buy now.
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