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Crypto analyst EGRAG Crypto sets ambitious Ripple price targets amid Ethereum’s Q1 2024 usage surge, while NuggetRush gears up for a potentially huge debut.
Crypto analyst EGRAG Crypto has predicted a potential breakout for Ripple. He cited $0.702 and $0.786 as the next price targets. Meanwhile, Ethereum’s Q1 2024 report reveals huge network usage. In other news, anticipation is building around NuggetRush, with its listing less than 19 days away. Analysts have tagged it as one of the potential 100x tokens in the market right now.
NuggetRush potential attracts investors
NuggetRush (NUGX) is offering a virtual mining adventure that has various valuable rewards, including gold. Scheduled to launch on Ethereum’s blockchain, it takes players into an immersive environment where they become artisanal miners.
In this immersive environment, they will take up NFT characters as their avatar. This is a promising investment as it incorporates financial incentives along with gaming. Some of these rewards are interesting NFTs, gaming assets, and tokens.
Players can receive these incentives by participating in activities such as challenges, tournaments, battles, and ranked plays. All these activities are designed to allow mining enterprises and players to make a profit. However, the NuggetRush fosters a spirit of teamwork where players help each other carry out mining activities.
Apart from the unity it brings among players, it also makes it easier for them to complete several tasks quickly. NuggetRush is currently getting set for its listing on decentralized exchanges at $0.020. Analysts have foreseen a 100x surge after this listing, making NuggetRush a leading crypto to invest in right now.
Ripple readies for a breakout
Crypto analyst EGRAG Crypto has stated that Ripple may be poised for a price breakout. He gave the next price range between $0.702 and $0.786. Although he did not give any indications of when this breakout could happen, he admitted that there could be a short-term correction.
However, he stressed that it would not change the long-term path of XRP to reach $7.5. Right now, Ripple coin isn’t a top crypto to buy. It has undergone a 7.5% price reduction in the last week.
XRP dropped from a weekly high of $0.6357 to $0.5633. The bearish cloud could be due to its ongoing battle with the US SEC. This makes the chances of EGRAG Crypto’s long-term prediction becoming a reality very low.
Ethereum Q1 2024 reports show massive adoption
In a recent tweet, Coin98 analytics, an analytical platform, posted Ethereum’s (ETH) financial report for Q1 2024. As per the report, Ethereum’s commission income hits $1.17 billion, which is a 155% growth from the first quarter of 2023.
Its net income reached $1 billion dollars, while the expenses of the commission hit approximately $666 million. Additionally, the daily active users of the network increased and reached over 404,000, and the daily transactions broke the 1.18 million mark.
Coin98 Analytics highlighted that over 4.8 million NFTs were minted on Ethereum in the first quarter of 2024. These values showed that Ethereum received huge adoption in Q1 2024. Let us see if this will be the case in Q2 2024 now that the hype of an Ethereum ETF has died down.
Conclusion
Apart from Ripple and Ethereum, investors are currently looking for new projects with low price, and high potential. NuggetRush’s characteristics as an upcoming miner with rewards make it a leading choice for newcomers to the crypto space.
To learn more about NuggetRush, visit the NuggetRush presale website.
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This article first appeared at crypto.news
