Ripple’s New Token Unlocked, More Bearish Pressure? Litecoin momentum continues. NuggetRush looks to the future with optimism
TLDR
- Ripple unlocks 1 billion XRP tokens, which is expected to bring additional bearish pressure.
- Litecoin gathers steam and aims for $100.
- NuggetRush, a new utility-based memecoin, is set for explosive growth after its market debut.
As is Ripple’s custom, one billion XRP tokens will be unlocked on the 1st of every month. This contributes to the inflation of the coin and has a significant impact on market dynamics and value. On March 1, the company unlocked $600 million worth of XRP tokens through three transactions: 200 million, 300 million, and 500 million. With XRP already in a downward trend, this will further add to the downward pressure on the token.
Meanwhile, Litecoin (LTC)’s momentum continues, with investor sentiment rising due to the recent JUP and DYM airdrops. At the same time, NuggetRush (NUGX), an emerging cryptocurrency and top ICO, is about to launch with an optimistic future ahead.
NuggetRush (NUGX): Moving toward a promising and optimistic future
NuggetRush (NUGX) is one of the most promising new ICOs preparing for launch. With pre-orders selling out quickly, the listing is just around the corner. The token cost in round 5 of the ICO is just $0.018, and analysts expect it to rise by 5,000% after launch. It’s Lambo!
Moreover, the novelty also prepares us for an optimistic future. Representing the best of many worlds, the captivating combination of P2E, GameFi, NFTs and memes is attractive to investors and enthusiasts across the cryptocurrency landscape. As a result, it is poised to see massive adoption and explosive growth, establishing itself as the best new cryptocurrency to invest in.
The tokens are differentiated by their memetic appeal on the one hand, but their practical application on the other. As a memecoin, holders will be part of a vibrant community and stand to ride the huge volatility and make huge profits. At the same time, the value of the coin will be driven by real-world demand as it acts as an in-game currency and governance token.
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Ripple (XRP): Unlocking Significant Tokens
Ripple (XRP) is one of the most popular altcoins on the market for many reasons. The ongoing lawsuit against the US SEC, which has been engaged in a protracted legal battle since 2020, has made headlines several times, albeit for the wrong reasons. The future of XRP hangs in the balance as its regulatory status is scrutinized and this has contributed to the decline in the price of XRP.
On March 1, the fintech company unlocked 1 billion XRP tokens from escrow, as it does on the first of every month. These token unlocks currently account for 1.83% of the circulating supply and contribute to the inflation of the coin and have a significant impact on market dynamics and value.
Typically, prices drop after these unlocks. Therefore, we may see an XRP decline soon. Therefore, traders are advised to exercise caution.
Litecoin (LTC): Growing Momentum
Litecoin (LTC) has been one of the best altcoins this year, reflecting the overall cryptocurrency market. As investor sentiment rises after the Bitcoin ETF, LTC is on the rise and is on the rise.
The bulls have recently strengthened their holding power, triggering the price. As momentum grows, the next resistance LTC is likely to find support at $100. According to analysts, it is likely to achieve this feat in the coming weeks, making it one of the best cryptocurrencies to buy right now.
Although it is far from its all-time high (ATH), the community remains optimistic. If you want to ride this wave rather than FOMO (fear of failure) later, we recommend adding to your portfolio and HODLing now.
conclusion
Ripple’s massive token unlock is likely to put bearish pressure on XRP as traders remain cautious. Meanwhile, Litecoin’s upward trend continues, and Nugget Rush is preparing for a surge after its launch. To become an early adopter or holder, click the link below.
Visit the NuggetRush pre-sale website