2024-3-22 15:00 |
The highly anticipated Bitcoin halving is scheduled to happen in less than a month, but the crypto market is bearish. Weighing in on the state of the crypto market, some analysts have predicted a price decline, while others are still very optimistic about BTC’s potential.
On the flip side, dogwifhat (WIF) and NuggetRush (NUGX) have continued to outperform the top altcoin. On the weekly chart, the price of WIF has increased by more than 30%, while NUGX is up by 90% from its initial listing price. Read on to find out why these meme coins are rallying.
Analysts share mixed sentiment ahead of Bitcoin halvingSince Bitcoin (BTC) peaked at an all-time high (ATH) above $73,800, its price has dropped to the $63,000 range.
However, with the halving event scheduled to happen in less than a month, several analysts are bullish the price of BTC will recover, while others aren’t as optimistic.
Standard Chartered has increased its BTC prediction by 50%, forecasting that the price of Bitcoin will touch $150,000 by the end of 2024. The famous analyst Tradishot has predicted that Bitcoin will soar as high as $330,000.
On the flip side, the likes of Rekkt Capital have predicted that Bitcoin is only a few days away from entering the “Danger Zone.”
The leading crypto is expected to record a major price correction before beginning another uptrend.
NuggetRush (NUGX) remains bullish, poised for explosive price rallyDespite the bearish crypto market trend, NuggetRush (NUGX) has been one of the standout altcoins, rallying by 90% in the last few weeks. Although the recent price rally has taken the price of NUGX to a new high at $0.019, crypto analysts are optimistic about a major rally for NuggetRush.
NuggetRush looks poised for a major price rally because of its growing impact on the GameFi market. Combining P2E gaming and meme culture, NuggetRush has built one of the most immersive games in the crypto space.
In the mining game that NuggetRush is developing, users can establish mining operations, employ workers, and go on excavations in search of gold.
As players complete tasks, quests, and challenges in the game, they will be rewarded with free NUGX tokens and some of the coolest NFTs that can be staked for extra rewards. The highlight of the game is the mined in-game gold, which players can convert to real gold in the ecosystem marketplace.
The growing excitement surrounding NuggetRush as one of the best DeFi projects has seen the project raise over $3 million in its cryptocurrency ICO phase.
Due to the growing support, crypto experts have forecasted that NUGX could see a 50x price surge before the end of 2024.
dogwifhat (WIF) extends gains in bearish marketOver the last few months, Solana meme coins have been one of the hottest trends in the crypto market. dogwifhat (WIF) has been a standout performer, rallying even during the recent bearish market.
On the weekly chart, the price of WIF has surged by 35%, extending its monthly gain to 570%.
The recent rally follows after the logo of the Solana meme coin topped the charts. The logo of dogwifhat, Achi, was recently sold for $4.3 million as a non-fungible token.
The sale has added more momentum to dogwifhat
ConclusionEven when many top analysts share mixed views about Bitcoin’s future, NuggetRush and dogwifhat have continued to trend higher.
While WIF’s gains are fuelled by the recent logo sale, NUGX continues to rise as investors have identified its ecosystem as a potential game-changer in the GameFi space. For all information on NUGX you can visit the NuggetRush Presale website.
The post Bitcoin halving is less than a month away, dogwifhat and NuggetRush outperforming appeared first on Invezz
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