The remedies-related section of the XRP/SEC lawsuit will end soon. Stacks (STX) has also continued its bull run, nearing its all-time high (ATH).
Still, analysts say NuggetRush (NUGX) has the best growth potential among the three altcoins. The project is a mining network with valuable rewards and a community-participation focus. Yet, can NUGX emerge as one of the top crypto coins? Let’s hear expert predictions.
One of the main phases in the XRP/SEC lawsuit is about to end. After a court extension from February 12 to February 20, the deadline for the remedies phase is almost up. One of the major developments in this phase of the lawsuit was the order compelling the release of XRP sale records between 2022 and 2023.
Despite anxiety around the ongoing lawsuit, XRP recorded a slight price increase in February 2024. XRP traded at $0.5241 on January 28. It fell by 3.6% to $0.5052 on February 6. XRP remained bullish, rising by 11.8% to $0.565 on February 16.
The ongoing court case has impacted XRP’s market performance. Jupiter Asset Management’s compliance department announced that it sold off its XRP ETP purchase. The company had invested over $2 million in 21Shares XRP ETP.
However, it sold the assets in compliance with regulations over crypto exposure in Ireland. Some analysts say this decision is not unconnected to XRP’s court case. They expect an increase in XRP’s trading activity due to the recent market rally. This could push XRP’s price up by 10.8% to $0.6265.
Stacks (STX) has continued its February increase, becoming one of the top altcoins on the market. Data from CoinMarketCap shows that Stacks’ (STX) market capitalization has grown by $1.4 billion since late January 2024.
Stacks’ (STX) increase coincided with Bitcoin’s surge to the $52,000 range. STX’s value as of January 17 stood at $1.5738. It fell by 6.7% to $1.4678 on February 4. STX rose by 36.0% to $1.9975 on February 12 before jumping by 26.8% to $2.5333 on February 17.
Stacks’ (STX) growth could be due to the popularity of Inscriptions on its network. Furthermore, reports from DeFiLlama have shown a 363% increase in Stacks’ TVL.
Analysts expect another boost in Stacks’ (STX) performance when it completes its Nakamoto upgrade in April 2024.
The Nakamoto upgrade would bring a wrapped version of Bitcoin to Stacks (STX), which will help power its DeFi services. This could push STX’s value up by 19.8% to $3.0356.
Artisanal mining is a fun activity that is enjoyed around the world. Yet, because of the physical constraints, not many know the joys that come with mining adventures. NuggetRush (NUGX) is now getting closer to actualizing its bid to change that narrative.
The game will offer life-like mining adventures where you will get to participate in the nitty gritty of excavating resources. Landscapes in NuggetRush (NUGX) contain vast amounts of natural resource deposits. Its gameplay is about collecting machinery and recruiting workers to join you in mining these resources.
NuggetRush (NUGX) allows players to turn their gaming adventures into cash. After each challenge, gamers receive funds, NFT collectibles, and mining efficiency increases. Both game funds and NFT characters can be taken out of NuggetRush’s (NUGX) ecosystem. Players can trade these assets for money.
NuggetRush (NUGX) is on the verge of establishing a new order in the gaming industry. Excited investors have now acquired 186 million tokens as NuggetRush’s (NUGX) blockchain ICO is nearing its final day. Trading at $0.018, NUGX’s value will pump to $0.020 when its listing approaches.
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