What you'll learn 👉
TLDR
- NuggetRush (NUGX) has introduced stability to cryptocurrency portfolios and offers lucrative opportunities in the GameFi space. With its growing investor support and a distinct gaming ecosystem, NUGX lets players earn physical assets, including cash and gold.
- Ki Young Ju’s post highlighted that major US government departments have not sold any Bitcoin since July 2023, causing a price drop. ETFs buying Bitcoin minimize liquidity, possibly resulting in more flash crashes and investor diversification.
- Bonk (BONK) encountered a drop in value amidst a bearish market, plunging from its weekly peak to a low. Despite dwindling investor interest and competition from other altcoins, analysts expect a possible comeback for BONK based on its historical gains.
NuggetRush (NUGX) is a token that has gained attention among investors for its unique approach to gaming and investment. It has been dominating the crypto space as Bitcoin (BTC) and Bonk (BONK) have been dropping in the latest pullback in the market. Here is why analysts believe it is the best time to buy NuggetRush before Bitcoin and Bonk rebound.
NuggetRush (NUGX) Stabilizes Crypto Portfolios and Offers Lucrative Opportunities
The crypto market is highly volatile, but NuggetRush (NUGX) continues to increase stability in the crypto investment portfolios. Investors have continued to support NUGX extensively, with the latest support propelling it to raise over $3 million in its blockchain ICO.
Analysts say the massive support that NuggetRush (NUGX) received is because it represents the future of the GameFi market with its many utilities and advanced developments. NuggetRush (NUGX) has created a one-of-a-kind gaming ecosystem that integrates elements of play-to-earn, an active meme culture, and cool NFTs.
NuggetRush (NUGX) offers a great chance for crypto players to win physical cash and gold. That winning is made possible since the in-game rewards participants receive for completing their mining operations in the virtual world can be changed on the marketplace to get the physical world assets.
All these lucrative opportunities have made NuggetRush (NUGX) the best crypto investment for 2024. Early investors are already enjoying massive ROI since NuggetRush (NUGX) has surged by 90% in its presale to trade at $0.019 in its Launchpad round. Its presale’s round 1 price was $0.010.
Ahead of NuggetRush’s (NUGX) launch, crypto analysts have predicted gains of over 30X once the token lists on mainstream exchanges valued at $0.020. NuggetRush has sold over 242 million NUGX tokens, and the Launchpad round is selling out fast.
CryptoQuant Chief’s Revelation Sparks Bitcoin (BTC) Price Decline
A March 15, 2024, post by Ki Young Ju, the chief of CryptoQuant, highlighted that since July 2023, neither the US Internal Revenue Service (IRS) nor the Department of Justice, and other major government departments, have sold a single Bitcoin (BTC). The news triggered the beginning of Bitcoin’s (BTC) price drop.
As ETFs buy up available Bitcoin (BTC) supply on the open market and keep reducing liquidity, flash crashes might become frequent. These occurrences would reduce people’s faith in Bitcoin’s (BTC) integrity making its price struggle as investors diversify to top 10 altcoins and other 100X tokens.
Bitcoin’s (BTC) weakness started in the past week as traders began taking profits after it had surged by almost 70% from the beginning of 2024. CryptoQuant highlighted a massive spike in the near-term holders selling their Bitcoin (BTC) at a profit on March 12. Moreover, the profit-taking increased long liquidations of leveraged Bitcoin (BTC) positions.
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Show more +On March 21, Bitcoin (BTC) was trading at $66,742.56, down 8.83% in the past week. Analysts expect BTC to surge to $73,500 by the end of March, powered by increased demand.
Bonk (BONK) Faces Bearish Correction but Primed for a Strong Comeback
Bonk (BONK), the biggest among Solana memecoins by market Cap, dropped most of its recent gains in response to the bearish market. BONK, which hit its weekly peak of $0.00003604, dropped to a low of $0.00002835.
Besides the bearish sentiment, it seems investors’ interest in Bonk has dropped as other top altcoins take over. Yet, analysts say BONK can stage a major comeback in the coming weeks, considering its gains on higher timeframes and its multiple bullish technical indicators.
BONK’s price has surged by 4,633.2% on the yearly chart and 124.9% on the monthly price chart. Furthermore, the fundamentals and price dynamics in the long-term charts appear bullish, meaning BONK will rebound soon enough.
On March 21, 2024, BONK was valued at $0.00002376, down 35.08% in the past week. Experts say BONK will rise to $0.00002655 by the end of March, powered by a recovery in the memecoin crypto market.
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