What you'll learn 👉
- BNB’s token burn could help propel its current rally.
- Cardano holders expect a continuation of its recent rally.
- NuggetRush’s (NUGX) presale has sold nearly 159 million tokens.
BNB underwent a significant token burn in early January. Cardano (ADA) could rise further after ending 2023 on a bullish note.
All attention is now shifting to NuggetRush (NUGX) after it unveiled NFT staking opportunities and gold rewards. Over 159 million NUGX tokens have been sold. Yet, can it outperform top crypto coins like BNB and ADA? Let’s hear from NUGX’s backers.
BNB Burns 2.14 Million Tokens
On January 17, 2024, Binance burned 2.14 million BNB coins as part of its quarterly token incineration. The move followed Binance’s plan to routinely reduce BNB’s token supply. Furthermore, it could boost BNB’s recovery from its slight January drop.
BNB traded at $228.10 on December 3. Four weeks later, BNB jumped by 41.8% to $323.60 as of January 4. BNB’s bullish momentum fell, pushing the token down by 2.5% to $315.23 as of January 16.
BNB’s jump to the $300 range surprised many investors as Binance exchange faced regulatory issues in Q4 2023. Binance’s issues had hit a crescendo, leading to a lawsuit by the Securities and Exchange Commission (SEC). Still, analysts say BNB could jump by 6% to $334.15 if its bullish momentum continues. If BNB rises further, it could be one of the best cryptocurrency options to buy.
NuggetRush’s Presale Raises $1.8 Million
NuggetRush is an Ethereum-based meme ecosystem that offers a unique mining experience with gold and NFT rewards. The blockchain game offers competitive mining challenges that allow gamers to build wealth by establishing business operations. Your role on NuggetRush (NUGX) is to build a mining corporation while selling valuable mineral resources on its marketplace.
NuggetRush (NUGX) will give you various NFT gaming characters featuring expert miners and entrepreneurs. Your job is to equip these workers and set up a mining business. After excavating and refining resources, you sell them on the game’s marketplace. Rewards that follow the successful completion of tasks include more NFT workers and mining machinery.
There are various ways to reap value from gaming on NuggetRush (NUGX). You can trade your game collectibles among other players. NuggetRush also allows you to stake your NFTs and earn up to 20% APY, depending on the lock-up period. You might also win RUSHGEM NFTs, which represent real gold rewards.
Furthermore, you can get your gold rewards from NuggetRush (NUGX) at your preferred location. NuggetRush is in round five of its presale. Yet, its blockchain ICO has sold 159 million tokens to eager investors. NUGX’s value is now $0.018. Since NUGX’s presale kicked off, it has grown by 80% to its current value!
Cardano’s Remains Bullish Despite Slight Decline
Despite falling in the past week, Cardano (ADA) remains on a bullish trajectory since early November 2023. Altcoins rallied in late 2023 following excitement around coming approvals of spot Bitcoin ETFs. Reports from CoinMarketCap showed that Cardano’s (ADA) market capitalization had grown by $8 billion since the first day of November.
ADA traded at $0.3978 on December 2. A month later, ADA jumped by 56.6% to $0.6231 as of January 1. ADA’s bullish momentum fell slightly, pushing the token down by 14.0% to $0.5357 as of January 16.
Cardano (ADA) holders say its rally will continue following expectations that DeFi activity will rise soon. Analysts have predicted an uptick in trading activity in the NFT market, thus boosting demand for Cardano NFTs.
Furthermore, Cardano (ADA) could also capitalize on excitement around the SEC’s recent approval of spot Bitcoin ETFs. This could push Cardano’s ADA token up by 33.7% to $0.7167.
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A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters