What you'll learn 👉
TLDR
- BlackRock confirms that its iShares Bitcoin (BTC) Spot ETF is still under review.
- Dogecoin (DOGE) loses $2.3 billion in 2023 as the meme coin industry suffers massive losses.
- NuggetRush (NUGX) offers a way to earn money while supporting the informal mining industry.
The crypto market is still recovering from rumors that BlackRock’s Bitcoin (BTC) ETF applications had been approved. After confirming it was false, the BTC price lost the gains it made following the rumors. Elsewhere, Dogecoin (DOGE) has suffered the most in terms of meme coin price losses in 2023. However, meme coin investors are turning to NuggetRush (NUGX) as it offers potential for strong real-world utilities and high earning potential.
Could it become a good crypto to buy now? Let’s discuss.
The NuggetRush Mining Game Offers New Utilities for Meme Coins
NuggetRush (NUGX) is a Web3 game that combines the thrill of mining adventures with increased rewards and earning capabilities. The game lets players build a mining empire by collaborating with other players and professional miners.
NuggetRush’s (NUGX) blockchain ICO is still in Round 1 of its presale, currently trading at $0.010. However, its popularity is expected to push NUGX up by 20% to $0.012 by Round 2 of its presale. In addition, more players are joining the project because of the free token claim when its presale is over.
Built on Ethereum, the game allows players to flex their thinking and decision-making skills while maximizing their mining profits. Players start by building custom NFTs and gradually building a team with various mining skills. In-game rewards on NuggetRush (NUGX) include character and rare RUSHGEM NFTs that can be traded for real-world gold.
NuggetRush (NUGX) is all about building a global community. It allows players to work together, and trade assets in a safe environment. The platform lets players stake NFTs, and earn a passive income. The NFTs can represent in-game items, like mining equipment.
Dogecoin Lost in 2023 – Will The Rally Continue?
DOGE had a great start to the last quarter of 2023. People love memetokens because they give a feeling of membership in a community. However, DOGE has been under pressure in 2023.
With memecoins finding a supportive market over the past few years, 2024 could be the year to see DOGE trade over $0.10. We may even see DOGE ETFs and more hit the marketplace.
Dogecoin was white hot in 2021 during the DeFi boom. The token is up from the lows it hit in 2023. While any memecoin has limited uses, DOGE has the support of people like Elon Musk. As 2024 approaches, DOGE could be a great asset to hold.
BlackRock Denies Bitcoin ETF Approval: What’s Next for BTC?
On October 16, 2023, there were rumors that the Securities and Exchange Commission (SEC) had approved BlackRock’s Bitcoin ETF applications.
Many analysts believed that the rumor could push BTC back to the $30,000 zone. For reference, since the start of October, BTC has struggled to cross the $27,000 zone. More precisely, BTC was trading at $27,983 on October 1.
BlackRock had been one of the main companies leading the drive for spot Bitcoin (BTC) ETFs. However, the excitement caused by the rumor soon ended as BlackRock confirmed that its Bitcoin Spot ETF application was still under review.
Bitcoin has been the subject of controversy in recent weeks as many are eagerly anticipating the approval of Bitcoin ETFs.
Experts say the crypto market will get more institutional patronage once the Spot Bitcoin (BTC) ETFs are approved. If that happens, BTC could end the year trading at $31,500, rising by 17.2% from its current valuation.
With Web3 gaining traction, there is every reason to think that tokens like BTC, DOGE and NUGX can rally in the coming year!
Visit NuggetRush Presale Website
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