- Ripple Labs reduced the total XRP in escrow to under 40 billion.
- Filecoin completed its Watermelon Upgrade, enhancing protocol and functionality.
- NuggetRush uniquely combines gaming with real-world interaction.
In recent news, Ripple Lab transferred 310 million XRP from its escrow wallet. Moreover, Filecoin (FIL) has completed the Watermelon Upgrade. With investors constantly looking for the best crypto investment, NuggetRush (NUGX) is rising with its unique approach to meme coins. Let’s learn more.
Ripple Labs Transferred 310 Million XRP Out of Escrow
Ripple Labs transferred 310 million XRP worth $198 million from its Ripple (1) escrow wallet in December. Now, there are under 40 billion XRP tokens in escrow, which will be progressively released until 2027.
In December, XRP was hovering around an average of $0.62. Looking at XRP’s chart, the altcoin price has followed a falling wedge formation, a bullish technical pattern since the start of the month. As of December 28, XRP was trading at $0.63, marking a gain of 3.50% over the past month.
As XRP is exhibiting a bullish trend streak, the token finds the pivot point around $0.68. XRP’s technical indicators also reinforce this uptrend momentum, with the RSI sitting at 63. Also, XRP is trading above the 50-day EMA.
Market analysts say if bulls continue to back Ripple, XRP will become one of the top altcoins, touching new heights at $1.00. Yet, investors are looking for a new cryptocurrency, NUGX, that is set to meet their expectations.
NuggetRush Will Lead the Crypto Race
NuggetRush, a top ICO, has become a new game-changer in the market. As a bright prospect in the world of GameFi, NuggetRush is the first play-to-earn (P2E) blockchain game created by the community.
NuggetRush will smoothly blend the thrill of discovery and visionary thinking with the possibility of real-world rewards. In this game, early adopters will act as product advocates and a source of early feedback for the game.
Most interestingly, NuggetRush bridges the gap between the virtual and real worlds by encouraging its vibrant community to meet physically once a month. NuggetRush’s unique fusion of practicality and meme is what distinguishes it from others.
As the presale continues, NuggetRush is in Round 4, pricing NUGX at $0.015. By its launch, NUGX will reach its destined price of $0.02. Investors looking to buy NUGX now will benefit from a 33.33% gain on their investment. Early birds are likely to get 100% ROI buying NUGX at $0.01.
With its incredible growth potential, NUGX has become one of the best coins to invest in now.
Filecoin Completes Watermelon Upgrade (nv21)
On December 15, Filecoin successfully concluded Watermelon Upgrade (nv21). This upgrade leaps Filecoin’s protocol and functionality. Moreover, Filecoin’s upgrade will boost maximum sector commitment from 1.5 years to 3.5 years and also introduce synthetic PoReps.
Filecoin is riding a bullish run as FIL price is trading above the key MAs. FIL’s price action favors the control of bulls. On December 15, FIL stood at $4.69. Following the announcement of Filecoin’s Watermelon Upgrade, FIL had an immediate response in its price trend.
As a result, FIL surged to $6.09 the very next day, highlighting a staggering 29.85% increase. On December 28, Filecoin was trading at $5.99. FIL shows all signs of positive momentum. Also, Filecoin’s RSI and MACD support positivity.
However, the rising wedge pattern on Filecoin’s chart suggests that if FIL’s price fails to hold $6.00, it will slip to $4.50. Yet, some analysts anticipate that FIL will have a positive market scenario, taking FIL’s price to $8.10 in 2024.
