TLDR
- A crypto analyst suggests Ripple’s price drop is currently attracting large institutional and corporate investors.
- NuggetRush’s concept of a community-owned game and real-world earnings has drawn investors and crypto gamers to capitalize on it.
- Apecoin has declined over the past year, which has raised speculation about investors dropping it this year if the bearish momentum continues.
The year 2023 will soon conclude, and investors are ready to make the most of the remaining period while preparing for winter. To prepare for a season of growth, Ripple (XRP), NuggetRush (NUGX), and Apecoin (APE) are select cryptos with different investment and cryptocurrency approaches.
Investors have kept a keen eye on their success and development to decipher which is preferred to buy, hold, or drop in 2023. NuggetRush, known for its combination of lucrative blockchain gaming and other rewarding opportunities, is an exciting blockchain ICO that has the potential for more gains.
Ripple has gained considerable attention since the positive outcomes of its legal case with the United States Securities and Exchange Commission (SEC). Apecoin has been at its lowest lately, but the project still strives to enhance the future of digital payments.
Let’s explore these assets and know which will be the best crypto to buy, hold, or drop this year.
NuggetRush (NUGX): GameFinace Meets Real-Time Benefits
NuggetRush is a top DeFi project that aims to develop an entertaining and socially oriented blockchain gaming community.
It offers an extensive mining game experience that rewards players and helps artisanal miners in developing nations. This decentralized finance (DeFi) coin garners interest from the market because of its dedication to building an empowered community.
Holders of NUGX tokens can receive rewards via ranked battles, quests, explorations, tournaments, and more. This initiative has the potential to be self-sustaining and revenue-generating with the help of gold dealers who can send RUSHGEM awards directly to the locations of players.
The fact that the gaming characters are also non-fungible tokens (NFTs) is another excellent aspect of NuggetRush. The NuggetRush blockchain ICO has accomplished impressive results, with over 50 million tokens sold and $500K raised in just two rounds.
The ongoing round 2 of the presale is selling out fast, offering tokens at a low entry price of $0.012. These outstanding outcomes suggest the potential dominance of NuggetRush when it officially launches and why it is a top DeFi project to invest in this year.
Ripple’s (XRP) Analysis: Is the $0.62 Price A Game-Changer?
Ripple‘s price dropped in the past few days and is now trading around the $0.62 level. This decline had some XRP holders re-evaluate their investments, while potential investors now observe.
A well-known YouTuber and Cryptocurrency analyst, Ben Armstrong, however, told the Ripple community to “get ready to go to the moon” in one of his latest updates.
The analyst referred to XRP‘s price decline as “cooling off” after it bested the SEC. Armstrong shared that if the price skyrocketed after the court’s favorable decision, the number of people who could afford to stock up on the token before the next bull cycle would have been much less than it is now.
According to the analyst, about $20 million XRP has been added to the portfolios of whales recently, likely because they are scooping up XRP at its more affordable price after it dropped from $0.72.
Armstrong also believes the increase in the global market cap is another good sign for Ripple, as it suggests a lot of money in the cryptocurrency market. Large investors can now decide to buy up top coins, like XRP, in 2023.
Apecoin’s (APE) Price: Down By 56% In The Past Year
Apecoin is a forward-thinking meme coin that aims to redefine the future of digital payments.
Being built on the Binance Smart Chain, APE leverages the power of advanced blockchain technology to offer fast, reliable, and cost-effective transactions. Despite its enthusing goals, APE has failed to maintain its momentum in the market for a year now.
According to CoinGecko, Apecoin recently hit its all-time low of $1.01 in October 2023. All these underwhelming updates have made investors raise concerns and talk about dropping the crypto this year if it continues on its downward trajectory.
Conclusion
The crypto community now observes three cryptos, Ripple, NuggetRush, and Apecoin, to know what investment decision to make on each based on their recent outlooks. Ripple still shows positive potential while it experiences slight downs, while Apecoin, with its promising goal, has been on a downward trend.
As evidenced by the presale milestones, social consciousness, and an array of profitable opportunities, NUGX is the best crypto to buy and hold in 2023.
