TLDR
- Celestia is struggling to regain its bullish momentum.
- The SEC is asking the court to grant it access to XRP’s financial information.
- After a wildly popular pre-sale, NuggetRush (NUGX) is now ready for its long-awaited token listing.
As the market approaches the fourth week of 2024, Celestia’s (TIA) gains have weakened. XRP may file its financial books following a motion filed by the SEC.
Cryptocurrency enthusiasts are now pointing to NuggetRush (NUGX) as a project with several real-world utilities. Additionally, gold rewards have captured the hearts of many in the P2E sector. But is this enough to make NUGX one of the best cryptocurrencies? Let’s hear the stories of NUGX holders.
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NuggetRush: Enter the world of blockchain gaming and win real gold
NuggetRush (NUGX) is an NFT gaming experience with adventurous quests, community engagement benefits, and gold rewards. It features several asset-building mechanics neatly woven into the blockchain gaming experience. At the foundation of NuggetRush (NUGX) is a 3D adventure that best celebrates the daily life of an artisanal miner.
Thanks to NuggetRush (NUGX), you can become a successful artisan miner with a variety of mining tasks and high-value NFT rewards. All you have to do is collect mining resources in the game and build a profitable operation. This involves amassing a workforce of NFT characters from the game. You should choose these characters based on the effect they bring to your team.
Some NFT characters have mining skills, while others have business management experience. Finding the right balance and building an efficient mining operation is one of the key parts of the NuggetRush game challenge. One of the unique features of NuggetRush is the ability to cooperate with other players in group competitions. These challenges are a great way for new players to move up the game’s leaderboards.
NuggetRush could become the market leader, surpassing the most popular NFT projects thanks to its high-value rewards. Already, 163 million tokens have been sold in the latter stages of pre-sale. NUGX will be sold at $0.018 until the 5th presale.
Now investors are preparing for the official exchange listing, with the price rising 11.1% to $0.020. Analysts agree that NUGX has the potential to become one of the leading altcoins in the gaming industry.
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Celestia Loses Bullish Momentum Despite Reaching All-Time Highs
Celestia (TIA) entered the red zone despite hitting an all-time high in January 2024. Following a market-wide correction, Celestia fell from the $19.00 range it reached in mid-January. Celestia (TIA) has remained strong since early December due to expectations for a spot Bitcoin ETF.
TIA price was $13.98 on January 1st. On January 10, it was up 16.3% to $16.26. TIA rose 17.0% to $19.03 on January 15th. A week later, Celestia’s TIA fell 13.6% to $16.43 by January 23rd.
Celestia holders recorded declines due to lower investor sentiment following Bitcoin’s decline. They say that the market could recover if Bitcoin’s network activity increases. Moreover, they expect the partnership between Celestia (TIA) and Polkadot to boost network activity.
Celestia (TIA) token staking is also high, leading analysts to conclude that increased network activity could cause TIA to rise 15.2% to $18.93.
SEC asks Ripple to hand over XRP financial ledgers
The ongoing legal dispute between the U.S. Securities and Exchange Commission (SEC) and XRP’s Ripple Labs has taken a new turn. On January 23, 2024, the SEC filed a motion to force Ripple Labs to provide additional financial statements for XRP for two years. They also requested a detailed report on the proceeds from institutional XRP sales.
The SEC’s decision comes amid XRP’s poor performance in early 2024. XRP was sold at $0.6254 on January 1st. On January 12, it fell 8.8% to $0.5703, and on January 23, it fell 9.2% to $0.5177.
XRP’s ongoing legal dispute has slowed its growth momentum since mid-2023. The case is currently in the excavation phase regarding relief. This area deals with selling XRP to institutional investors.
In July 2023, a judge ruled that XRP could be considered a security when sold to institutional investors. Analysts say that if the case goes in favor of the SEC, the price of XRP could fall 10.9% to $0.4608. This bearish forecast means that XRP is not a good cryptocurrency to buy right now.
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