TLDR:
There are several metrics that back with the predictions of a significant altseason in 2024. Over the past ninety days, altcoins have outperformed bitcoin. Sei (SEI) has been among the top 10 altcoins leading the charge, rising by more than 250% over the previous 30 days.
In other developments, Ripple (XRP) is in a very strong position to surge in the next ninety days, according to top analyst EGRAG Crypto. Meanwhile, NuggetRush (NUGX) has emerged as one of the top altcoins to watch, with forecasts of up to 25x in 2024. Let’s find out why experts are bullish about these altcoins.
NuggetRush (NUGX) has emerged as one of the new DeFi projects leading the revolution of the GameFi space. In this hyperrealistic game, players will face competition as they strive to build profitable mining operations.
NuggetRush brings real artisanal miners and professionals into the platform to help players scale their mining operations. By completing missions and participating in mining excavations and tournaments, players in NuggetRush can win rewards.
Players can trade resources and different in-game collectables on NuggetRush’s marketplace for real cash and growth. It is, therefore, among the top DeFi projects available. A community-driven program called NuggetRush encourages user cooperation in exchange for bigger rewards.
Players in NuggetRush can form mining groups, which directly leads to a bigger community. As NuggetRush prepares to launch its next-gen GameFi ecosystem, analysts have forecasted a massive surge for the NUGX token. Now trading at $0.015, they believe it can soar by 25x in 2024, making it one of the best altcoins to invest in 2024.
Over the last week, the ETF impact on crypto prices can be seen in the price action of Ripple (XRP). From a January high of $0.64, the price of the Ripple coin has plunged below the $0.58 support level. Despite the decline in price, top analyst, EGRAG crypto has remained bullish about XRP.
In his recent market analysis, EGRAG emphasized that XRP is in a strong position for a rally. The price of Ripple has been above the 200-day EMA ($0.5718), indicating a strong bullish momentum. Based on this, the analyst has forecasted that the XRP coin could record a massive rally, which could see it skyrocket to $5.00 in the next 90 days.
Sei (SEI) is one of the new altcoins that has been gaining traction in recent months due to its unique approach to blockchain technology. Specifically built for exchanges, Sei has grown in popularity among the crypto community. Over the last 30 days, the price of the SEI crypto has surged by more than 250%, setting an all-time high of $0.8778 in the process.
Even after its impressive performance, Sei is still in the middle of a bullish bull flag pattern. In addition, there has been a growing conversion on the MACD Sei chart. This indicates a potential breakout move from the bullish pennant pattern. If this happens, the SEI coin could break above $1.00, making it one of the best altcoins of 2024.
The potential altseason of 2024 has been highlighted by the recent price actions of Sei (SEI). While Ripple (XRP) waits for its bullish move, NuggetRush has been building momentum. With the potential to revolutionize the GameFi space, NUGX could become one of the top DeFi coins of 2024. This makes now the best time to join the project.
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