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Facing a legal fine from the US Securities and Exchange Commission, the Ripple community sees a shift as investors turn towards NuggetRush’s presale, drawn by its promise of a major ROI and equitable tokenomics.
After learning that the SEC (Securities and Exchange Commission) is pursuing a $2 billion fine against Ripple (XRP), XRP finds it challenging to keep up with the overall cryptocurrency market. Brad Garlinghouse, the CEO of Ripple Labs, criticized the SEC for requesting a $2 billion fine in a case that contained no fraud or carelessness. As a result, members of the XRP community are looking at new ICOs that promise a 1,000% return on investment (ROI).
One promising ICO that has caught the attention of analysts and investors is NuggetRush (NUGX), a gaming altcoin with a unique value proposition that is dominating the memecoin market. Its ongoing presale has soared to the launchpad phase, showing a 90% growth from the initial stage.
NuggetRush combines memecoin and gaming utility
NuggetRush is a gaming token, not just a meme coin. It presents a fun mining adventure game in which players create and oversee their mining businesses. NuggetRush connects artisanal miners with entrepreneurs by using NFT technology.
NuggetRush is one of the leading memecoins that provides an active mining game environment. Players must complete tasks to advance in the game, including building mining infrastructure, such as tunnels and shafts, and using specialized equipment to find and extract precious mineral deposits. NUGX holders can also participate in competitions, ranked plays, battles, and tournaments to increase their rewards.
NuggetRush uses unique tokenomics, with a total supply of 500,000,000 tokens. 43% is set aside for public distribution, giving everyone an equal chance to succeed financially. Participants in virtual mining operations can win valuable prizes in tangible assets like gold or cash.
NuggetRush has sold over 255 million NUGX tokens during its presale, raising over $3.4 million. As it becomes a major contender among other new ICOs, early adopters have seen a 90% return on investment at $0.019 thus far. Analysts project that NuggetRush will yield a 1,000% return by the end of 2024, making it a leading crypto investment for significant profits. Investors anticipate a 30x jump after NUGX listings on mainstream platforms.
Ripple receives $2 billion fine proposal from SEC
The SEC disclosed its proposed fines and penalties against blockchain company Ripple in a recent filing with the US District Court for the Southern District of New York. According to the SEC’s legal team, XRP should pay roughly $1.95 billion for allegedly breaking securities laws in disgorgement, prejudgment interest, and civil penalties.
The proposed breakdown includes $876,308,712 in disgorgement, $198,150,940 in prejudgment interest, and an additional $876,308,712 in civil penalties. The SEC contended that Ripple’s “defiance of the law” in keeping its XRP tokens for sale despite legal warnings warranted hefty fines.
Conclusion
Ripple’s performance in the cryptocurrency market has been impacted by the SEC’s pursuit of a $2 billion fine against the company. Due to the uncertainties surrounding the legal procedures, members of the XRP community are leaning toward new ICOs like NuggetRush, which offers attractive returns on investment.
To learn more about NuggetRush, visit the NuggetRush presale website.
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This article first appeared at crypto.news
