Altcoins Poised for Major Gains in 2024: Avalanche, NuggetRush, and Injective Forecast

TLDR:

• Analysts have forecasted Avalanche to rise to $72.58 in the short term and $183.48 in the long term.
• Injective has been forecasted to reach $120.42 before the end of 2024.
• NuggetRush has been predicted to rise to $1 in 2024.

The crypto market is recovering from a recent correction that sent top altcoins into the red region. News of the upcoming Bitcoin halving has increased positive momentum among investors who are looking for coins to invest in for maximum gains in 2024. Analysts have picked Avalanche, NuggetRush, and Injective to see 50x gains in 2024. Let us see why.

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NuggetRush (NUGX) Immersive Gaming Feature To Propel it To $1 in 2024

NuggetRush (NUGX) is creating a platform that will combine the features of NFTs, gaming, and GameFi into an immersive mining platform. This mining platform will host various mining activities, both simple and complex tasks, to make the game engaging.

These activities will range from digging tunnels, excavating soil, extracting valuable minerals, and selling them. The platform NuggetRush aims to bring together players from all over the world to form a tight community where they can enjoy healthy battles and competitions.

Moreover, the game offers cooperation between users, which enables players to mine better if they mine together. Besides that, players can check out the equipment on the NuggetRush platform and buy the newest ones. The game also features some of the coolest NFTs that are directly integrated into the game to increase the excitement of players.

As NuggetRush wraps up its blockchain ICO, attention turns to its NUGX token, priced at $0.019. Analysts are forecasting the altcoin to produce a 100x gain, which will push it above $1.00 from its current price.

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Avalanche (AVAX) Prediction for 2024

Avalanche (AVAX) is currently trading 6.8% down on the weekly price despite the latest initiative from the Avalanche Foundation. The Foundation recently launched a $1 million project called memecoin rush that is aimed at supporting meme coin projects in its ecosystem.

This could help the selected Avalanche-based meme coins to expand and produce bullish price pumps like the Solana memecoins. The AVAX coin has shown a negative trend of -11.6% on the weekly chart. However, it has grown by +57.1% and +231.1% on the monthly and yearly price charts, respectively.

Primarily, these price gains support the opportunity for a turnabout of direction at the weekly time frame. Additionally, the technical indicators on Avalanche portray a situation supporting strong bullish momentum in the next few weeks. Analysts have foreseen a short-term price target of $72.58 and a long-term price target of $183.48 in the long term.

Injective (INJ) Price Forecast for 2024

Like Avalanche, Injective (INJ) is also bearish on the weekly price chart. CoinMarketCap data shows that the coin has dropped 13.0% in the past 7 days from a high of $42.01 to a low of $34.78. However, the $40.00 price barrier didn’t hold much longer, and even the general market blight made the bears even more powerful.

However, the Injective decline continued through to the 14-day chart as well, when the coin showed a 7.4% price fall. Meanwhile, the injective coin has been climbing by 9.5% in the month and 782.1% for the year to date. Hence, it is one of the bullish altcoins against the year-to-date price, providing the most outperforming figures.

Regarding future price movements, it is anticipated that Injective will defy this mark of $47.75 in the coming weeks. If the optimism is maintained and the halving of Bitcoin puts the market into a rally, Injective may as well reach $120.42 before the New Year of 2025.

In Summary

Moreover, at the moment, the best cryptocurrencies to buy for the long term in 2024 will be Avalanche, NuggetRush, and Injection. Experts say that these top altcoins have a great potential for major price increases this year.

NuggetRush is on the list of much-anticipated 100x tokens for 2024, mirroring the burgeoning gaming market. With this in mind, NuggetRush is undoubtedly among the best altcoins of 2024 to follow.

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