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According to key indicators and predictions by experts, Bitcoin’s recent low may have set up XRP for its highest level and NuggetRush price to achieve new targets following the upcoming halving.
Bitcoin (BTC), the leading cryptocurrency, recently experienced a massive correction. It dropped from $72,000 down to $61,800. The profit/loss of BTC has now reached its lowest point following this correction.
Leb, an analyst who is well-known in the market, predicted that Ripple will become one of the top altcoins following the halving. Meanwhile, NuggetRush Looks is leading all gaming tokens in its rally to $1.00 price.
Bitcoin’s bottom is a result of the profit/loss ratio
Bitcoin’s most negative week in 2024 was a reaction to macroeconomic turmoil and the profit-taking before the halving. Bitcoin has recovered from the recent low of $61,800. However, Profit/Loss ratio (P/L), suggests that there is a bottom.
Ali Martinez You can learn more about this by clicking here. The P/L has fallen below 1 meaning that more BTC owners are experiencing losses rather than profit. In the past six months, he said that Bitcoin’s price has been at its lowest point since a fall below 1 was recorded. BTC is still a good crypto for now as analysts predict that the price will rise above $100,000 after the halving.
NuggetRush is a hit in the GameFi market
NuggetRush NuggetRush Nugx This is a brand new game that’s gaining a lot attention. NuggetRush pioneers a paradigm change in the GameFi space by combining P2E games with memes, NFTs and social impact models.
NuggetRush’s mining game is the cornerstone of its ecosystem. In the game, you will be able to take part in exciting challenges that involve mining for gold or other valuable minerals. NuggetRush is the most popular defi platform. Players can convert virtual rewards into gold, money, or NUGX coins, which are ERC20 tokens.
NuggetRush’s platform offers even more ways to earn. The players who discover the RUSHGEM trending NFTs can earn up to a 20% APY by putting them on stake. NuggetRush’s social impact model adds a unique dimension to its platform. NuggetRush profits will help poor artisanal miner in developing countries.
NuggetRush’s blockchain ICO raised over $3.8 Million. In less than one week, the NUGX will be distributed via airdrop. Analysts have predicted that NUGX, which will initially be priced at $0.020 per token, could reach $1.00 by 2024.
Ripple is poised to reach a new high after halving
Ripple, the worst performing altcoin among the Top 10, is about to see a change. XRP, which recently dropped to $0.43 has recovered by 17 percent to reach the $0.50 level. Leb is a leading crypto analyst who believes Ripple will continue to rise in value over the next few weeks.
Leb believes that XRP will rise above its ATH price of $3.84 immediately after Bitcoin’s halving. Technical indicators support a significant bullish movement in XRP’s price. The XRP/BTC graph has a wedge-shaped pattern. This pattern of bullish reversal suggests that XRP could increase by 70% in the next few weeks.
The conclusion of the article is:
While the crypto market has been going through some rough patches, positive signals are pointing to a turnaround. NuggetRush, which is chasing its $1.00 price goal and has been outperforming XRP as well as Bitcoin in the crypto market.
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