Shiba Inu Price Prediction and 3 Penny Cryptos To Reach $1

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TLDR

• Shiba Inu faces a downward trend, but there’s potential for a rebound.

• Investors are exploring alternatives like NuggetRush, a promising P2E cryptocurrency platform with a live presale and potential for exponential growth.

• Ripple and VeChain show potential for massive growth.

Shiba Inu (SHIB) is in a weak phase, primarily due to its rejection of a long-term descending resistance trendline that had held firm for over a year. It breached a significant support level at $0.0000080, which had been a strong safety net for over a year. 

This breach typically signals a retest as resistance, but SHIB continued to decline.

With Shiba Inu’s fate still to be seen, investors are looking for alternatives to capitalize on. This is where NuggetRush (NUGX), Ripple (XRP), and VeChain (VET) come in as penny cryptocurrencies that could hit $1 soon. Let’s explore the upside potential of NUGX, XRP, and VET. 

NuggetRush (NUGX) Is Underway To Deliver Post-Launch Astronomical Prices

NuggetRush is a revolutionary meme coin platform that plans to incorporate impact gaming into its play-to-earn model. NuggetRush utilizes its NUGX token to power the project’s offerings of virtual characters minted as some of the best NFTs to invest in today. 

By owning these high-value assets, users can trade them for value or stake them for a whopping 20% yield on their value annually. Holders of the rare RUSHGEMS NFTs can also exchange them for real gold, making NuggetRush the best DeFi crypto to buy.

The NuggetRush presale is live, releasing NUGX at $0.01 per token. This discount price is the best time to enter because the event uses a price increase model, which ensures a constant surge of up to 100% in value through its five-stage presale. 

The presale has already netted the milestone sale of more than 7 million tokens in the first round alone, showcasing growing investors’ confidence in the token as the best DeFi crypto to invest in for the upcoming bull run.

By implementing real-world utility into its token, NuggetRush has cemented itself as the best crypto to invest in before 2024. Industry experts are highly optimistic about the growth potential of the token. 

Experts noted that due to the potential high demand for impact gaming and NuggetRush’s innovative inclusion of a collection of the best NFTs to invest in, NUGX could shoot past $1 by 2025. This projection could happen soon because of the rally that the NUGX listing will ignite.

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Shiba Inu Faces Selling Pressure 

The Shiba Inu RSI indicator doesn’t show much bullish potential. When above 50 and trending upward, the RSI usually favors bulls, but it was rejected at the 50 level in August and continues to head south. 

Considering this factor, the most likely scenario for Shiba Inu is a break past resistance at $0.0000075. A breakout from this channel could lead to a bullish trend, yielding an increase to the next SHIB resistance around $0.0000100.

Ripple (XRP) Has Potential Bullish Rally With Possible Lawsuit Win

Ripple, a strong contender in the cryptocurrency realm, has long focused on revolutionizing financial transactions for banks and major financial institutions by executing rapid, cost-effective money transfers. 

Unfortunately, Ripple’s XRP token has lingered as a penny crypto, comfortably valued below $0.50. 

The regulatory battle with the SEC has cast a shadow on XRP’s price, but with adversity comes opportunity. Should the courts rule in Ripple’s favor, the potential for a 10x return by year-end is likely. As Ripple’s XRP inches closer to that elusive $1 mark, promising times lie ahead.

VeChain (VET) Shows Positive Potential As Analysts Support It 

VET, the native token of VeChain, is another captivating option, as its value is currently well under $0.020. Optimistic analysts project a remarkable surge to $2.50 by 2025, though the elusive $1 mark remains out of reach for 2023. 

Serving as the engine for VeChain’s network, VET experiences growing demand with increased network usage, propelling its price. But to achieve this, VeChain must assert its relevance as it faces tough competition.

Conclusion

With Shiba Inu’s uncertain price trajectory, NuggetRush, Ripple, and VeChain shine as profitable alternatives to ensure exponential gains in the future. Although they are all promising tokens with massive upside potential, NuggetRush is the best crypto to invest in because it offers many lucrative opportunities baked into its platform. 

Due to the ongoing presale and the multiple use cases, there’s a highly bullish outlook on the future NUGX price. Interested investors should make haste to hop in on the presale as early as possible before the price increases in the next round.

Visit NuggetRush Presale Website

*This article was paid for Cryptonomist did not write the article or test the platform.