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In the ever-evolving cryptocurrency sector, two compelling narratives are currently unfolding – the gripping legal saga between Ripple and the U.S. Securities and Exchange Commission (SEC) over XRP’s status, and the emergence of NuggetRush (NUGX), a memecoin seeking to redefine play-to-earn (P2E) gaming on the Ethereum blockchain.
Ripple’s legal battle update
The discovery phase is over in the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), sparking settlement rumors as important dates approach.
Notably, the discovery deadline closed on February 20, 2024, and key dates are coming up with settlement rumors circulating. This legal battle has dominated crypto news for many months, and investors now wonder what the future holds for XRP.
XRP investors have shifted their attention to upcoming dates to determine the future direction of the altcoin. The SEC will file for a remedies-related brief on March 13, while April 12 is the deadline for motions that oppose the remedies proposals.
Additionally, April 29 is the final remedies deadline, where the court will determine penalties for Ripple’s institutional sales of XRP.
While Judge Analisa Torres’ final verdict might not come until August, a settlement could resolve the case sooner. This possibility has been reiterated by other industry experts, citing the impact this lawsuit has had on Ripple, XRP, and the entire crypto market.
Initially, the SEC accused Ripple of selling unregistered securities, seeking a $770 million penalty. However, a July 2023 ruling favored Ripple, stating that sales on public exchanges were lawful, but sales to specific institutional investors were deemed unlawful.
In the meantime, the crypto community awaits anxiously for more developments, hoping to get a definitive conclusion to the legal battle to determine XRP’s next move.
On Feb. 22, XRP was valued at $0.5418, up 0.42% in the past week. Analysts say XRP will trade between $0.5350 and $0.5650, awaiting these dates on the Ripple vs SEC lawsuit.
NuggetRush and P2E gaming
NuggetRush is a memecoin hosted on the Ethereum blockchain. It consists of a mining adventure well-designed to challenge the established play-to-earn (P2E) games.
Analysts say the project has all the features and components that will enable it to dethrone Elon memecoins and claim dominance in the market.
On that note, NuggetRush is developing a platform where investors, players, and all interested P2E enthusiasts can enjoy high rewards for participation in an appealing rush for gold adventure.
NuggetRush provides a chance to immerse oneself in the daily routines of artisanal miners in developing nations. Players can experience the excitement of building tunnels and personally extracting mineral resources.
he platform is equipped with experienced mining characters who help players in their expeditions. Furthermore, the participants receive mining equipment as they proceed to higher levels.
Remarkably, NuggetRush offers players and investors many opportunities to earn in-game rewards. Nonetheless, the available opportunities are not affected by the player’s abilities or skill levels. NuggetRush participants earn rewards from competitions, tournaments, battles, and ranked play.
After completing a task, users receive various in-game rewards like mining equipment, the trendiest NFT characters, and other advanced machinery and assets.
Players can then swap these game collectibles for tangible money offered on NuggetRush’s marketplace. Additionally, players and investors can boost their earnings and receive higher rewards by staking their NFTs.
Currently, the project is in round 5 of the presale, where NUGX is valued at $0.018, and will rise to its listing price of $0.020 at the end of this round. The project has sold over 190 million tokens and raised at least $2.3 million.
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This article first appeared at crypto.news
