– Bitcoin is leading the revival in crypto, and altcoins like AVAX and NUGX are gaining double-digit gains.
– AVAX is now in the top 20 coins by market cap, up 32% in the last week alone. NUGX is gradually increasing, adding 20% in the ongoing presale currently in round 2.
– Nugget Rush is a new crypto project that aims to add value to the meme coin scene by releasing a deflationary token that rides on the meme coin wave and infusing utility. Nugget Rush has raised over $360,000 in round 2 of the presale.
There is a welcomed revival in crypto, and Bitcoin (BTC) is leading the charge. The explosion of the world’s most valuable currency to new 2023 highs has rejuvenated altcoins.
Some of them, including Avalanche (AVAX) and Nugget Rush (NUGX), have been making headlines in recent weeks partly because of their stellar performance, gaining double-digit gains.
To illustrate, AVAX is now in the top 20 coins by market cap, up 32% in the last week alone. At this level, AVAX, one of the top altcoins, has outperformed some of the top 10 coins, including BTC and Ethereum (ETH), which have been muted during that period.
While at it, NUGX is firm and establishing itself as one of the top crypto coins. Despite the relatively low market cap, the ERC-20 coin is gradually increasing, adding 20% in the ongoing presale currently in round 2.
These price gains have been a source of excitement to supporters in their respective communities. The question remains: will NUGX and AVAX maintain the uptrend in the coming weeks?
What you'll learn 👉
Nugget Rush: Adding Value To Meme Coins
Nugget Rush is a new crypto project aiming to add value to the meme coin scene. Its creators hope that by releasing a deflationary token that rides on the meme coin wave and infusing utility, more value could be created for token holders.
Nugget Rush is releasing a play-to-earn (P2E) game where NUGX will be central to operations to achieve this goal. As expected, the game will also integrate assets existing as non-fungible tokens (NFTs), which can be traded for NUGX or other items on the internal peer-to-peer (P2P) marketplace.
Notably, Nugget Rush users can also create custom characters that are free to trade. Some of Nugget Rush’s rarest and top NFTs can also be exchanged for physical gold and delivered to the doorstep. Moreover, these NFTs can be staked for rewards distributed in NUGX.
So far, Nugget Rush has raised over $360,000 in round 2 of the presale, where each token is available for 0.012 USDT. At spot rates, NUGX is up 20% from round 1 but could rise 100% to 0.020 USDT by the end of the crowdfund.
Avalanche: Scalability And Low Fee Driving Demand
Avalanche is an Ethereum competitor that’s scalable and relatively secure.
Like Ethereum, the platform allows the deployment of dapps, including intensive solutions such as decentralized exchanges (DEXes) and social media platforms.
The resulting demand, especially following the success of the Friend.tech fork on Avalanche, brought AVAX to focus. In the last week alone, the coin is up 32%. It remains within a bullish formation, looking at the candlestick arrangement in the daily chart.
Besides the success of their Friend.tech competitor, Coinbase recently announced plans to incorporate AVAX perpetual futures. This move will significantly boost liquidity and possibly fan demand when the broader crypto market is bullish, expecting more gains.
Presently, AVAX is trading below the psychological $20 mark. Whether bulls will drive prices above this level remains to be seen.
The bullish momentum in AVAX, BTC, and Ethereum has brought focus to NUGX, a good crypto to buy in 2023. In the ongoing presale, Nugget Rush appears firm, riding on the shifting sentiment evident in the recent success of round 1.
Still, whether this momentum will continue depends on how fast the project executes its roadmap. NUGX gains will likely be accelerated if crypto prices continue increasing.
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