The content and materials featured on this page are for educational purposes only. NuggetRush merges gaming with crypto earning, while XRP reels from a whale’s dump, and FLOKI’s drop hints at rebound potential, stirring investor interest. On the other hand, investors are seeking alternative investments to shield themselves from the massive drops recorded by XRP and FLOKI (FLOKI).
The platform features a Play-to-Earn (P2E) NFT gaming experience that enables gamers to earn different rewards, including NUGX tokens as they participate in a blockchain game featuring a compelling storyline. Powered by the Ethereum blockchain, NuggetRush leverages established and highly secure smart Contracts, enabling users to monetize their gaming skills. Thus, gamers choose NuggetRush to convert their passion into tangible earnings within a secure and transparent network.
NuggetRush dominates the crypto sector because it focuses on empowering its community in its whole development phase. By including NUGX holders in a community-based decision-making process, the community assists in shaping NuggetRush’s direction. Since this new project aims to boost inclusivity, NuggetRush developers will surrender control of all smart contracts, boosting the project’s decentralization and transparency.
NUGX’s crypto ICO is complete and investors are waiting for its airdrop scheduled for April 23, 2024. The project has been highly popular, raising over $3.75 million after selling over 270.1 million tokens. Investors will be able to purchase the tokens at their listing price of $0.020.
The new project aims to thrive beyond the presale, gaming, and crypto mining. These in-game features and components are expected to enable NuggetRush to record massive growth of over 100X in the long term. The drop happened after an XRP whale’s 25 million tokens were dumped into a centralized exchange.
Notably, the bearish turn resulted in speculations surrounding the drop’s potential impact on the price of XRP. In the meantime, as the crypto market sees a turbulent shift with the upcoming Bitcoin (BTC) halving, XRP’s much-awaited bullish momentum seems to be shrouded in doubts. Based on the data published by Whale Alert, 24.8 million XRP, worth $14.75 million, was sent to Bitstamp.
The dump by this XRP whale caused the drop in the token’s market value. Historical data shows that this Whale’s transfer to Bitstamp emerged as a recurring phenomenon soon after Ripple acquired stakes in the exchange. This occurrence stirred speculations over Ripple’s efforts to regulate the token’s supply within the market, validating the price drop with supply gains on exchanges.
On April 8, 2024, XRP was trading at $0.5928, down 3.72% in the past week. Experts believe XRP will test the support at $0.5825 before surging to $0.6215 by the end of April, supported by growing demand in the market. Despite the plunge, FLOKI’s fundamentals show that the top memecoin retains the opportunity to rebound from its support zone, suggesting a possible surge in its market price could happen.
In the past week, FLOKI’s value lost 22%, with over 4.5% loss happening in a day. This drop has resulted in a drop in investor sentiment, but FLOKI’s high social value suggests it will remain a topic of interest within the crypto space. Renowned crypto analyst CryptoBull spotted a silver lining for FLOKI holders, pointing out a massive support level near $0.000172.
A successful test at this price might trigger a price surge, enabling FLOKI to surpass its peak value recorded in March. With other cryptos like Solana memecoins and NuggetRush promising 100X gains, investors are diversifying from FLOKI, looking for more gains. On April 8, 2024, FLOKI was trading at $0.0002045, down 12.54% in the past week.
Experts say FLOKI will stabilize and rise to $0.0002235 by the end of April, supported by bullish momentum in the market due to Bitcoin’s halving event. Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page.
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