XRP falls as interest in NuggetRush rise
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
- XRP finds support at around $0.60. Trading volume falling.
- NuggetRush aims to reshape crypto gaming in an ongoing presale. The play-to-earn (P2E) game immerses players in a mining adventure where they compete for valuable rewards like NFT characters and machinery.
As XRP oscillates below a critical resistance level, NuggetRush (NUGX) aims to disrupt the crypto gaming scene. The platform features a play-to-earn (P2E) game centered around mineral resource mining.
XRP struggling at crucial resistance
As the crypto market gradually recovers, XRP is yet to break above a resistance level as of Dec. 19, leading to debates among analysts.
On-chain data indicates that XRP is grappling with downward momentum, raising the possibility of a reversal.
XRP is now trading around the $0.60 support zone, a crucial level closely monitored by traders to gauge its near-term trend.
Despite market trends being somewhat horizontal during the holidays, XRP lacks a clear directional bias.
A key factor impeding XRP’s progress is the substantial drop in trading volume, preventing it from participating in the broader altcoin market rally.
According to Coinglass, XRP’s daily trading volume plummeted when prices were rejected at the $0.68 range in the past week, dropping by $148.4 million between Dec. 9 and Dec. 19.
Despite breaking critical support, the absence of sharp declines suggests investors may still have confidence in XRP.
The potential for a bounce from current levels could reignite buyer interest. However, for a bullish reversal, XRP will likely require positive developments or new partnerships to bolster investor confidence.
As of Dec. 20, XRP was trading at $0.606, but prices might reach $0.625 by the end of 2023, driven by increasing investor confidence.
However, uncertainties in the market prompt some analysts to caution against considering XRP as a favorable crypto to buy.
NuggetRush aims to reshape crypto gaming
In the ongoing presale, NuggetRush is drawing investors.
Its play-to-earn (P2E) game immerses players in mining. Participants vie for valuable rewards, including NFT characters and essential machinery.
NuggetRush offers an engaging blend of gameplay, quests, and collaborative opportunities with fellow players.
Moreover, users can craft custom avatars that transform into sought-after NFTs. Players receive crucial machinery to navigate the in-game challenges at the start.
They scout mineral-rich locations, set up mining operations, and even earn profits by trading character NFTs and other in-game assets on the NuggetRush marketplace.
Players showcase their strategic prowess by assembling a team of NFT characters with unique mining and business management skills. Wise investments in upgraded equipment and skilled NFT characters are vital to strategic progress in NuggetRush’s game.
Advancements in the game enhance mining efficiency, qualifying players for more rewards. Some lucky participants even win RUSHGEMs, which set NuggetRush apart as these gems can be exchanged for real gold delivered to the player’s chosen location.
NuggetRush has raised over $1 million in the ongoing presale, selling over 99 million NUGX.
The presale is in round 3, with NUGX trading at $0.013.
Prices will rise to $0.015 in the next round before eventually listing at $0.02.
Visit the NuggetRush Presale Website
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Credit: Source link
Comments are closed.