Analyst predicts price separation for Binance Coin (BNB) and the new Altcoin

TLDR

Polygon's Libre, a tokenization protocol supported by many large institutional players, has gone live.

Kaleo predicts that the price of Binance Coin may rise to new highs in the coming weeks.

NuggetRush is a new altcoin set to lead the crypto market rally in 2024.

After months of anticipation, Libre, an institutionally supported token protocol, was launched by Polygon. Although the launch did not bring a boost to MATIC, Crypto Kaleo predicted a rally for Binance Coin (BNB), NuggetRush (NUGX) emerged as the top crypto to buy for the 2024 bull market.

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Libre goes directly on the Polygon (MATIC) chain

Libre, an institutional web3 infrastructure protocol powered by Polygon (MATIC), has gone live after months of anticipation. Libre is one of the new DeFi projects that facilitate the issuance and distribution of tokenized alternative assets to institutional investors.

The protocol is developed by the Polygon SDK. With institutional heavyweights Brevan Howard and Hamilton Lane preparing to use Libra tokenization, this could positively impact the adoption and use of the Polygon network.

However, in the meantime, MATIC has moved along with the broader crypto market. The token's price has dropped over 25% on the weekly chart, falling below the $1.00 mark. Although MATIC is still weak, crypto analysts believe that the price of the altcoin can be pushed to $1.50 before the end of the month.

NuggetRush (NUGX) is shaking things up in the gaming market

The blockchain gaming space is growing at an incredible pace and is poised to hit a $615 billion valuation by 2023. In this fast-growing market, NUG Rush (NUGX) has emerged as a leader thanks to its innovative gaming model.

With this new model, NuggetRush looks to expand its reach into the real world. In this immersive virtual world, players build their mining teams and operations in search of gold and valuable minerals, helping real artisans in underdeveloped countries.

A portion of the rewards generated on the platform are sent to these miners to improve their livelihoods. While this social impact model makes NuggetRush one of the best DeFi projects out there, the project also rewards its users handsomely. The rewards earned in the game can be converted into real gold and cash, making NuggetRush one of the best cryptocurrency options.

Due to the amazing model and income opportunities, there was a great interest in NUGX in the cryptocurrency ICO. More than 241 million tokens were sold, which helped the team earn more than $3 million. One of the most prominent presale tokens, some crypto analysts are making huge gains as the game begins.

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Binance Coin (BNB) on its way to a new all-time high

Binance Coin (BNB) has been one of the most bullish altcoins in the past few weeks. The price jumped above $300 in early February and briefly covered the $600 resistance level. Although the price has dropped to the $520 level, many analysts predict that its uptrend will continue.

Crypto Kaleo predicts that Binance Coin will be one of the best altcoins in the coming weeks as it looks set to establish a new all-time high above $720. First1Bitcoin shares the same sentiment, noting that Binance Coin recently formed a pattern that could see the price peak up to $700.

In conclusion

Despite the launch of Libre, Polygon failed to ignite a bull run, with the price falling below $1.00. On the flip side, Binance Coin and NuggetRush are top altcoins to hold right now as they look poised to make a big move in the coming weeks.

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