TLDR
- Bitcoin might fall to $35,000, warns an analyst.
- Injective and NuggetRush have become investor favorites.
- NuggetRush is tipped to soar after its launch.
The initial expectation after the SEC decision on Bitcoin ETFs was a surge to $50,000. In a twist of fate, Bitcoin (BTC) has been struggling to maintain support at $40,000, with an analyst predicting a crash to $35,000.
Meanwhile, savvy investors have been doubling down on Injective (INJ) and NuggetRush (NUGX). Boasting massive upside potential, these altcoins have been tipped as the best cryptos to buy now.
NuggetRush (NUGX): A Bullish ICO
NuggetRush (NUGX) gives a taste of several worlds, making it appealing to investors across the crypto landscape. As one of the new ICOs, it has been hailed as the hottest coin on the crypto block.
It stands at the intersection of memes, GameFi, play-to-earn (P2E), and impact gaming. While it combines features of memes, it is so much more, making it one of the few meme coins with potential—a different narrative from the typical dog coins.
As a P2E token, it will play a crucial role within the ecosystem as the in-game currency. That won’t be all; it will also serve as the governance token, with holders having a say in the future of the ecosystem and the game.
Back to its gaming features: it promises a thrilling gameplay experience and opportunities to earn valuable rewards. By going on exciting quests, players can earn valuable assets, which they can trade for gold or cash. More importantly, a share of the in-game rewards and purchases will be dedicated to charitable and deserving causes, which makes it more than just fun and thrills.
The presale is in its fifth round and is tipped as the best new crypto to invest in. A token currently costs $0.018, and analysts predict a 60x rally after its launch.
Bitcoin (BTC): Potential Drop to $35K
Investor sentiment post BTC ETF—high after the launch of the ETF market—is now declining. The initial ETF impact on crypto prices was a Bitcoin surge, soaring past $48,000. However, it has been on a decline ever since, defying the expectations of many.
Earlier this week, it fell as low as $38,000, with a top analyst predicting its bearish woes to be far from over. According to the prediction, BTC will retest $35,000 before any significant rally. This movement is deemed to be healthy, as it will pave the way for a stronger rally. This doesn’t appear to have done much to lift the mood in the crypto scene.
Nevertheless, with 2024 shaping up to be a bull market, considering the anticipated halving event, Bitcoin is still the crypto to bet on. Its anticipated rally makes it one of the best cryptos to invest in despite a price pullback.
Injective (INJ): An Altcoin to Bet on
Injective (INJ) is one of the most bullish altcoin plays right now. Regardless of market conditions, it always stands out. During a market downturn, its decline pales in comparison to most, and it is often among the first to recover. On the flip side, it is typically among the top performers during a rise in the crypto market.
Given the above, Injective is one of the best coins to invest in. With its momentum on the rise, analysts tip it for another bull run, which will likely rival its performance last year.
With more to look forward to in 2024, Injective is a promising play not to miss out on. If you don’t wish to experience the fear of missing out (FOMO) later on, you can grab a bag and add it to your portfolio.
Conclusion
With more bearish woes looming for Bitcoin, investors have been doubling down on NuggetRush and Injective. These altcoins have emerged as more compelling investments thanks to their staggering upside potential. If you wish to participate in the ongoing NUGX presale, click the link below.