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While the Bitcoin halving has been one of the most covered lately, macro guru Lyn Alden has stated another factor that could drive the price of BTC higher. According to Lyn, it won't be surprising if Bitcoin crosses $100,000 because of the rising liquidity.
Meanwhile, the Elliott Wave pattern suggests that Cardano could pump as high as $6.00 by the completion of the next cycle. Also, NuggetRush has emerged as one of the top gaming tokens to buy, as the bullish momentum looks to drive its price to the $1.00 milestone soon.
The debut of NuggetRush (NUGX) in GameFi has renewed the excitement of many gaming enthusiasts in the blockchain gaming sector. NuggetRush (NUGX) introduces a new community gaming model where multiple players can collaborate and pool resources to build bigger empires.
While players can choose their machinery, workers, and key business strategies to create a profitable mining business in NuggetRush, collaborating opens a window of opportunity to earn even bigger rewards. The community gaming approach of NuggetRush has made it one of the top new DeFi projects in the market.
Players can win in-game cash, NUGX tokens, trending NFTs, and other prizes for their participation. In addition, those who find the elusive RUGHGEM NFTs can trade them for physical gold assets or stake them to earn APYs of up to 20%.
With gaming enthusiasts drawn to this new model, NuggetRush enjoyed an outstanding cryptocurrency ICO, raising over $3.8 million. The airdrop of NuggetRush will happen soon, raising even greater excitement. While NUGX will be listed at a price of $0.020, market experts have set a price target of $1.00, making NuggetRush one of the best alt tokens to buy today.
Ahead of the highly anticipated Bitcoin (BTC) halving, Lyn Alden, a popular market expert, has stated that the conditions are right for a rally above $100,000. Although the recent crypto crash has forced Bitcoin as low as $62,400, Lyn said a rally above $100,000 wouldn't be surprising.
Lyn explained that the rising global liquidity is a factor that could cause the price bump. In addition, Lyn explained that other indicators hint that Bitcoin is still in the mid-phase of this bull cycle. As per the forecast of Lyn, Bitcoin will remain a good crypto to buy for at least the next 18 months.
Cardano (ADA), like other top altcoins, has been under immense bearish pressure in the past few weeks, dropping under the $0.600 and $0.500 support levels. However, the recent price movement of Cardano has been in alignment with an elaborate Elliott Wave structure.
A trader shared on TradingView that the current Elliott Wave structure of Cardano is similar to that of 2020 to 2021. When this current wave ends, Cardano is expected to rally to a high of $3.40. However, by the completion of the fifth Elliot Wave in 2024, the trader predicts that ADA will trade as high as $6.00.
The upcoming Bitcoin halving could be the turning point for the cryptocurrency market. While the likes of ADA are set to hit new all-time highs in this bull cycle, market experts are backing NuggetRush to yield the biggest returns, as one of the low marketcap tokens seeking to revolutionize the GameFi industry.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
