What you'll learn 👉
TLDR
- Ripple Labs could pay millions in fines for selling unregistered XRP to institutional investors.
- Litecoin’s (LTC) daily transaction count soared to an all-time high of one million on November 14.
- NuggetRush’s presale has sold over 45 million tokens, and NUGX’s value has risen by 20%.
Ripple Labs is preparing for the next stage of its lawsuit, where it could pay fines for selling XRP to institutional investors. Elsewhere, Litecoin’s transaction count soared over one million on November 14 as LTC rose through the market.
However, many investors prefer NuggetRush (NUGX) after the P2E project sold over 45 million tokens by round two of its presale. They say NUGX will become a top ICO. Will they be right? Let’s discuss.
XRP Lawsuit Nears Final Stages
On October 13, 2023, the SEC vs Ripple court case continued with its remedies-related discovery. This would involve deciding how much Ripple Labs will pay as a fine for selling XRP to institutional investors. On July 13, the court ruled that XRP was only a security when sold to institutional investors.
The news comes amid XRP’s struggles to break above $0.60. Trading at $0.6003 on October 31, XRP jumped by 14.3% to $0.6864 on November 7. Yet, XRP fell by 10.8% to $0.6122 by November 16.
The total amount of XRP sold to institutional investors was $770 million.
Analysts expect Ripple Labs to pay a significant fine. Still, they say it would do little harm to XRP’s popularity as the July 13 ruling was considered a victory for XRP. Furthermore, they conclude that XRP could rise by 24.6% to $0.7634 by Ripple’s February 2024 judgment.
NuggetRush: Investors Eye 66.6% Growth
NuggetRush (NUGX) is a gaming project that offers immense rewards to investors for engaging in a hyper-realistic mining adventure. The game features a world of mineral-rich lands, diverse professional miners, and community collaboration. NuggetRush (NUGX) stands out for being one of the first play-to-earn games dedicated to lovers of artisanal mining.
The game tasks you with managing a mining operation. Players start with a small piece of land and basic equipment. They must now find and excavate resources from a richly detailed virtual landscape. NuggetRush (NUGX) holds bountiful rewards available to all players despite their level in the game.
Some rewards on NuggetRush (NUGX) include better machinery, NFT characters, and in-game characters. Players can earn money by selling these rewards on its marketplace. Furthermore, each player has the potential to win gold by finding special NFTs called RUSHGEMS.
Despite being in round two of its presale, NuggetRush’s blockchain ICO has sold over 45 million tokens. Analysts say NuggetRush (NUGX) could become one of the most popular NFT projects if its momentum continues. NUGX currently costs $0.012 after rising by 20% from its round-one price.
Now, in round two, NUGX will grow by 8.3% to $0.013 by the next round of its presale. The mining adventure will go live once its price reaches $0.02, rising by 66.6% from its current price.
Litecoin’s (LTC) Popularity Soars as It Briefly Overtakes Bitcoin in Transaction Count
On November 13, the active addresses on Litecoin (LTC) soared to a six-month high of 979,550. Litecoin’s (LTC) daily transaction count also soared to 1.09 million on November 14, surpassing that of Bitcoin, which stood at 523,028.
Litecoin’s rising network activity could boost LTC’s market performance. LTC was trading at $69.94 on November 1. By November 13, LTC rose by 2.2% to $71.49 as Litecoin’s daily transaction count skyrocketed.
Although Litecoin’s (LTC) transaction count grew sharply, it largely involved low-value transactions. Litecoin’s total transaction volume was $2.03 billion, down by 90% from its $26.18 billion peak in January.
Still, analysts are convinced that ongoing excitement around Spot Bitcoin ETFs could boost Litecoin’s trading activity. They expect LTC to rise by 15.4% to $82.53 by January 2024.
Visit NuggetRush Presale Website
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