- Avalanche has surged by more than 300% since mid-October, forcing addresses in profit to jump.
- NuggetRush has attracted attention over its new impact gaming model.
- Top market analysts have predicted that NUGX could be one of the top crypto coins in the bull market.
Avalanche (AVAX), one of the top altcoins, has extended its profitability with its recent price surge. Data shows that 76% of AVAX addresses are now in profit as prices increase. Another altcoin that has seen a wave of bullish momentum is NuggetRush. Praised for its unique new impact gaming concept, analysts have predicted that it could lead the bull run.
NuggetRush To Lead The Current Bull Market
NuggetRush is a new Ethereum-based GameFi project that has attracted the crypto community’s attention. Market experts have been greatly attracted to the project mainly because of the impact of the gaming concept NuggetRush has introduced.
The blockchain game has created a virtual world that simulates mining processes. Players accomplish milestones linked to mining resources and expanding their virtual mining empires in the game. Players are rewarded with trending NFTs and in-game currency, NUGX, for reaching certain milestones.
These rewards can be traded for cash and gold, and the impact gaming model extends the project’s utility. A percentage of the rewards from NuggetRush are sent to artisanal miners in underdeveloped countries. By doing so, NuggetRush seeks to help deserving miners who are often underpaid for their services.
The special use case of NuggetRush has attracted investors to the project, who have contributed more than $850,000 in a few weeks. Analysts have picked NUGX as one of the best altcoins to invest in for the bull market, predicting a 100x price surge in the bull market.
Avalanche (AVAX) Addresses In Profit Surge Over 76%
Avalanche has pulled a major comeback in terms of the project’s profitability. Since mid-October, when Avalanche traded at under $8.80, its price has increased by more than 300%. As a result, AVAX has peaked at a 2023 high of $34.00.
The massive price increase has led to a surge in the profitability of the project. On-chain data from IntoTheBlock shows that 76.6% of all AVAX wallet addresses are now in profit. This represents 4.72 million of all addresses.
The increasing profitability of Avalanche has made it one of the top 5 cryptocurrencies to invest in right now. This can be attributed to Ava Labs, the creators of Avalanche, who continue developing the project despite earlier setbacks.
In A Nutshell
The growing profitability highlights the strong bullish sentiment of the crypto market. Also, the uniqueness of NuggetRush has made it one of the best crypto to invest in now. Investors have already joined the project, helping NuggetRush raise over $850,000. Now’s the best time to stack NUGX tokens ahead of its price surge.
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