Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only.
Two compelling narratives are currently unfolding in the ever-evolving crypto sector. A fretful legal battle between Ripple and the US Securities and Exchange Commission (SEC) over the status of XRP, and the emergence of Nugget Rush (NUGX), a meme coin that aims to redefine play. – Earn money on the Ethereum blockchain (P2E) game.
Latest updates on Ripple's legal battle
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has concluded the discovery phase, and rumors of a settlement are swirling as a key deadline approaches.
Notably, the discovery deadline ends on February 20, 2024, with rumors of a settlement spreading and a key deadline approaching. This legal battle has dominated crypto news for months, and investors are now wondering what the future holds for XRP.
XRP investors are shifting their attention to upcoming dates to determine the future direction of the altcoin. The SEC is scheduled to file relief-related briefs on March 13, and April 12 is the deadline for motions opposing the proposed relief.
Additionally, April 29th is the final deadline for relief, when the court will decide on penalties for Ripple's sale of XRP to institutional investors.
Judge Annalisa Torres' final verdict could not be handed down until August, but the settlement could allow the case to be resolved sooner. This possibility has been reiterated by other industry experts, citing the impact this lawsuit has had on Ripple, XRP, and the entire crypto market.
Initially, the SEC accused Ripple of selling unregistered securities and sought a $770 million fine. However, a ruling in July 2023 ruled in Ripple's favor, stating that while selling on public exchanges is legal, selling to certain institutional investors is illegal.
Meanwhile, the crypto community is anxiously awaiting further developments and hoping for a final conclusion to the legal battle to determine XRP's next move.
On February 22nd, XRP was valued at $0.5418, up 0.42% over the past week. Analysts expect XRP to trade between $0.5350 and $0.5650 pending these dates for the Ripple vs. SEC lawsuit.
NuggetRush and P2E games
NuggetRush is a meme coin hosted on the Ethereum blockchain. It consists of well-designed mining adventures that challenge established Play-to-Earn (P2E) games.
Analysts say the project has all the features and components that will allow it to dethrone Elon Memecoin and assert its dominance in the market.
In that regard, NuggetRush is developing a platform where investors, players, and all interested P2E enthusiasts can enjoy high rewards by participating in the fascinating rush for gold adventures.
NuggetRush provides an opportunity to immerse yourself in the daily lives of artisanal miners in developing countries. Players can experience the excitement of building tunnels and personally extracting mineral resources.
This platform is equipped with experienced mining characters to assist players in their expeditions. In addition, participants receive mining equipment as they progress to higher levels.
Notably, NuggetRush offers players and investors many opportunities to earn in-game rewards. Nevertheless, the available opportunities are not affected by the player's ability or skill level. NuggetRush participants earn rewards from competitions, tournaments, battles, and ranked play.
Upon completing tasks, users will receive various in-game rewards such as mining equipment, the trendiest NFT characters, and other advanced machinery and assets.
Players can exchange these game collections for tangible money offered on NuggetRush's marketplace. Additionally, players and investors can increase their earnings and receive higher rewards by staking NFTs.
The project is currently in round 5 of presale, with NUGX valued at $0.018, which will rise to the list price of $0.020 at the end of this round. The project has sold over 190 million tokens and raised at least $2.3 million.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own investigation before taking any action related to the Company.
