Cryptocurrency

Elon Musk Hints At Dogecoin Adoption, Bitcoin Analyst Predicts ‘Big Move’ and the New Crypto To Lead the Bull Market

IndustryTrends

TLDR:

  • Elon Musk has hinted that Dogecoin will be used to buy Teslas at some point in the future.

  • Bitcoin analyst Charles Edwards has predicted a big move for Bitcoin.

  • NuggetRush has been identified as one of the altcoins to lead the 2024 bull market.

The excitement in the cryptocurrency market has continued to build, with Bitcoin setting a new all-time high (ATH) above $73,600. Despite the latest milestone, Charles Edwards has predicted that there could be a big move for Bitcoin soon.

While BTC remains the face of the crypto market, crypto experts have predicted that the 2024 bull market could see NuggetRush emerge with the biggest gains. Dogecoin has also received a major boost, with Elon Musk hinting that his electric car company could add the meme coin as an official payment in the future. 

Top Analyst Predicts "Big Move" for Bitcoin (BTC)

Bitcoin (BTC) has continued to excite investors, forming multiple all-time highs this week. The leading crypto is now using previous ATHs as stepping stones to create new highs. While this happens, Charles Edwards has predicted a big move for BTC.

The founder of quantitative Bitcoin fund Capriole Investments told his subscribers on X that "Bitcoin's getting ready for a big move." He explained in another post that the growing inflows into BTC products have been keeping the dip away.

MicroStrategy has also announced that it will sell $500 million worth of convertible notes to buy Bitcoin, adding more FOMO to the bull market. In spite of this, like in every other bull market, Bitcoin looks to be outperformed by top altcoins, this time NuggetRush. 

NuggetRush (NUGX): The Top Crypto Pick for 2024

With the cryptocurrency market gaining more bullish momentum thanks to Bitcoin's rising price, investors have seized the opportunity to stack NuggetRush (NUGX) tokens as it has been picked as the best crypto to buy in 2024. In the last few weeks, over 230 million NUGX tokens have been sold in anticipation of major gains.

NuggetRush stands out because it is a utility-backed altcoin serving as the intersection between play-to-earn (P2E), GameFi and NFTs. The upcoming P2E game features a thrilling gold-mining virtual world, with players embarking on exciting quests and building a fortune.

On the NFT marketplace, in-game collectibles can be traded in for real gold or cash, making NuggetRush the best crypto investment option. Players will also be a part of something larger because artisanal miners in underdeveloped nations will receive a portion of in-game purchases and awards.

The massive utility of NuggetRush is one of the reasons the crypto community is hugely optimistic about its potential. Now priced at only $0.019 per coin, NUGX has been primed as the top crypto to buy because it could yield gains of up to 50x in 2024.

Dogecoin (DOGE) Could Be Used To Buy Tesla Soon: Elon Musk

Elon Musk, a long-term believer in Dogecoin (DOGE), has added more excitement to the meme coin. One of the hints dropped by the Tesla boss is the possibility to include Dogecoin as an official payment method for Tesla cars at some point.

Musk's comment was made as he interacted with the public at the Berlin Gigafactory, a Tesla manufacturing plant. The remark has created waves of enthusiasm in the community of Dogecoin.

The weekly chart now displays a 130% increase in the price of DOGE. The price pump has taken the price of Dogecoin to near the $0.200 resistance level.

Closing Thoughts

Charles Edwards' remarks support faith in the crypto market that Bitcoin might surge to $100,000 by 2024. Although BTC paves the way, NuggetRush could become the best investment in 2024, what with even a 50x rally. At the same time, when Musk's comments transform into reality, DOGE holders wait for even more extraordinary profits.

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