April 23, 2024

After XRP rallied, experts say this cryptocurrency may follow suit

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

  • OKX Exchange enhances reserve stability with its 14th certificate. 
  • NuggetRush offers a play-to-earn (P2E) and meme-focused concept. 

The cryptocurrency market is dynamic. Currently, the focus is on XRP and NuggetRush (NUGX). 

OKX Exchange issues 14th reserve certificate as Ripple’ expands in Ireland

OKX has issued its 14th reserve certificate, revealing $14.9 billion in user assets as of Dec. 13, 2023. 

The exchange is committed to supporting user-held XRP with 103% coverage, ensuring robust backing for the exchange’s reserves. 

This commitment extends to 233.74 million XRP, valued at $143.52 million. 

Interestingly, OKX’s XRP reserves exceed user funds by 7.673 million coins. 

User positions in XRP on OKX have increased by 300,000 more than reserves since the last report, causing a 1% drop in the reserve ratio.

On another front, Ripple’s Chief legal officer, Stuart Alderoty, announced on Dec. 20 that the cross-border payment remittance firm received approval to operate as a digital asset services provider in Ireland. This approval follows earlier licenses granted in Dubai and Singapore this year, expanding Ripple’s access to new markets.

Such access enhances XRP’s adoption and utility and may support price. As of Dec. 21, XRP was trading at $0.6167, down 2.02% decrease in the past week. 

Analysts anticipate XRP to rise to $0.6855 in January 2024, driven by increased adoption and utilities. 

NuggetRush in focus

NuggetRush has a unique concept, combining play-to-earn (P2E) and meme industries. 

The project’s real-world benefits and community initiatives further enhance its appeal.

With its features and perks, NuggetRush is being increasingly explored by investors. 

As a play-to-earn game, NuggetRush offers an immersive gaming experience where players are rewarded with valuable in-game assets.

These assets can be exchanged and traded on the marketplace. Including meme features leverages the internet to build a dedicated and active community.

NuggetRush also integrates cryptocurrency, gold mining, and physical world artisanal mining into its game.

In the current presale round 3, over 98 million NUGX have been sold, helping raise over $1.05 million. 

NUGX is also trading at $0.013 but will rise to $0.015 in the next round. Eventually, the coin will list at $0.020.

Visit the NuggetRush Presale Website 

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