TLDR:
- The bullish train has been picking up steam on Cardano as the cryptocurrency is expected to push beyond the $1 mark before the Chang hardfork.
- Uphold’s Head of Research has anticipated that an XRP ETF will have a massive influence on the price of the altcoin.
- NuggetRush’s impact gaming model is forecasted to cause a huge price pump in 2024.
ADA is one of the altcoins that was on a strong bullish momentum over the last few weeks, gaining 40% and above. The Chang hard fork is introducing significant improvements, and ADA might continue rising over the next weeks.
At the same time, Martin Hiesboeck from Uphold has forecast that Ripple (XRP) will make huge gains following the approval of an ETF. NuggetRush is another altcoin poised for a price breakout as its impact gaming model gains traction.
NuggetRush (NUGX) Gains Popularity for Its Impact Gaming
The blockchain gaming space is growing at an incredible rate and has been forecasted to hit $614 billion by 2030. NuggetRush (NUGX) is a new project entering this rapidly growing market with a unique impact gaming model that could change the industry.
The impact gaming model of NuggetRush extends the reach of the mining game into the real world. In the NuggetRush virtual world, players will go on expeditions and challenges in search of gold and be assisted by trending NFT miners. The rewards of the players can be converted to real cash and gold.
In the real world, NuggetRush will send a portion of its profit to artisanal miners in underdeveloped countries to help them. The game also creates more earning opportunities via the RUSHGEM NFTs. These are some of the best NFTs to buy, as they can be staked for rewards of up to 20% APY.
NuggetRush has raised over $3 million in its ongoing crypto ICO and is now gearing to hit the $3.5 million mark. Investors looking for the best crypto to buy in the 2024 bull cycle can be a part of the NuggetRush family, earn massive rewards, and also enjoy staking rights.
Cardano (ADA) Poised for Price Breakout Ahead of Chang Upgrade
Cardano (ADA), one of the top crypto coins, has been on the rise in the past few weeks, rising by more than 40% to trade above $0.7300. In the coming weeks, ADA looks poised to break above the $1.00 mark as the Chang hard fork approaches.
Scheduled for Q2, Chang will pave the way for decentralized governance on the Cardano network. The hard fork will also integrate ADA holders directly into the governance of the network, aligning Cardano with the broader ethos of blockchain technology.
Cardano enthusiasts are looking forward to this major upgrade as it promises greater network activity. This growing optimism and bullish sentiment is expected to push the ADA altcoin price above the $1.00 mark in the coming weeks.
Ripple (XRP) Spot ETF Approval to Spark Major Price Rally
The impact of the approval of Bitcoin spot ETFs has been felt across the cryptocurrency market. Ripple (XRP) is one of the top altcoins that the cryptocurrency community has backed to get a spot ETF in 2024.
Martin Hiesboeck, the Head of Research at Uphold Exchange, has hinted that the growing bullish sentiment around XRP can be linked to the positive developments around the asset since last year’s regulatory clarity ruling. Hiesboeck suggested that XRP might be sold as its separate ETF.
Hiesboeck forecasted that the sanction would lead to a positive price impact for XRP. However, bullish sentiment regarding XRP was confirmed by the crypto analyst DustyBC, recognizing an ascending symmetrical pattern formed that can potentially make the price of XRP pump to a new all-time high (ATH) of $6.00 in 2024.
Conclusion
Cardano (ADA), Ripple (XRP), and NuggetRush (NUGX) happen to be the top cryptos to buy in the current cryptocurrency bull cycle. With ADA and XRP aiming to establish new ATHs, NUGX may actually dominate the bull market with gains exceeding 50x.