TLDR:
- MicroStrategy has spent $820 million to add an additional 12,000 BTC to its portfolio.
- Following its break above $0.700, EGRAG Crypto has set the timeline for Ripple (XRP) to form a new ATH.
- NuggetRush has increased by 90%, but experts have predicted gains of up to 50x in this bull cycle.
Bitcoin (BTC) recently surged past $73,000 to form a new all-time high. Despite the increasing FOMO, MicroStrategy has doubled down on Bitcoin, spending more than $820 million to add 12,000 BTCs to its portfolio.
With the crypto market bullish, Ripple (XRP) has crossed the $0.7000 resistance, but market analyst EGRAG Crypto has forecasted a potential rally to $17.00 for XRP. NuggetRush has also attracted a similar bullish prediction, with gains of up to 50x expected during this bull cycle. Read on to find out more.
MicroStrategy’s Stash Nears 1% of Bitcoin Total Supply
On March 11, Michael Saylor, MicroStrategy, announced that the company bought another $822 million worth of BTC, amounting to 12,000. As per the announcement, the most recent buy was made at an average price of $68,477 per Bitcoin.
MicroStrategy now holds over 205,000 BTC, 5,000 BTC short of holding 1% of the total Bitcoin supply. The entire MicroStrategy portfolio was bought for $6.91 billion at an average price of $33,706 per coin.
The latest purchase comes amidst the Bitcoin price pump, which took it to a new all-time high. With BTC on the rise, other altcoins have also been on the rise, with NuggetRush being one of the star performers.
NuggetRush (NUGX) Nears New Milestone
In the recent crypto market rally, NuggetRush (NUGX) has been one of the standout performers, breaking several milestones. NuggetRush is one of the new DeFi projects shaking up things with its unique impact gaming model, which extends its reach into the real world.
NuggetRush features a one-of-a-kind mining game where players recreate the gold rush of the 19th century. Players will engage in different mining activities, employ miners, and go in search of gold and other precious minerals. NuggetRush, among other games, is unique because of its prizes, which can be swapped for actual gold and currency, cementing it as the best new crypto to invest in.
One more way NuggetRush will reach the real world is by forwarding a share of its profits to provide a better life for poor artisanal miners from underdeveloped countries. NuggetRush is likewise a community-oriented project, and its smart contracts will be renounced after the launch, transferring the power of control to the community.
Because of this, there has been massive support from the crypto community, with over $2.9 million raised and over 225 million NUGX tokens sold. NUGX has benefited from this support, rising by 90% to trade at $0.019. However, as the project nears its launch, crypto experts have forecasted gains of 50x in this bull cycle.
EGRAG Crypto Shares Bullish Ripple (XRP) Forecast
Ripple (XRP) has joined the rest of the crypto market in the rally, increasing by 30% to breach the $0.7000 resistance. Top market experts, EGRAG Crypto, has forecasted that XRP will extend its gains in the coming weeks and could be one of the best altcoins to buy.
Based on the analysis shared, Ripple has broken into an ascending triangle pattern. If XRP continues its ascension, EGRAG sees Ripple setting a new ATH at $17.00 by May before experiencing a pull back. By November, Ripple could see a 38x price jump and trade as high as $27.00, potentially making it one of the top crypto coins of this bull cycle.
Closing Thoughts
The recent Bitcoin purchase by MicroStrategy is further confirmation of the 2024 bull cycle. In this bull cycle, Ripple and NuggetRush have been forecasted to be the best cryptos to invest in, with significant gains expected in the coming months.
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