– BNB, the native token of the BNB Chain, has been struggling since 2023.

– Amid this wave of selling pressure, BNB holders are exploring alternatives as they diversify their portfolios.

– NuggetRush (NUGX) is a new-age project that looks to add utility to meme coins through a highly interactive play-to-earn (P2E) game.

– NUGX is expected to easily outperform the markets and post returns for investors in the upcoming presale.

BNB, the native token of the BNB Chain, has been struggling since 2023 though it remains one of the top crypto coins. To illustrate, despite its utilitarian use within the broader Binance ecosystem, the coin has been under significant selling pressure, crashing by over 75% from all-time peaks and over 50% in 2023 alone.

At one point, the coin crashed to as low as around the $200 psychological support level before recovering.

Amid this wave of selling pressure, BNB holders are exploring alternatives as they diversify their portfolios, expecting the markets to recover. One of them is NuggetRush (NUGX), a project that looks to add utility to meme coins through an interactive play-to-earn (P2E) game.

In the crypto winter of 2023, supporters claim that NUGX will easily outperform the markets and post returns for investors in the upcoming presale, where the token will be available at huge discounts.

Before examining key drivers behind NUGX, let’s see what has been pinning down BNB in the better part of 2023.

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BNB Falls On Binance Woes

To understand BNB, first look at its role in crypto and the significance of Binance, the world’s largest cryptocurrency. BNB is critical for the BNB Chain, one of the most active blockchain ecosystems after Ethereum. The coin is used for paying transaction fees.

Even so, the United States Securities and Exchange Commission (SEC) has been cracking down on crypto projects and exchanges, including Binance.

Specifically, the agency accused Binance of money laundering, listing unregistered securities, and more. This has directly impacted investor confidence in BNB as Binance’s reputation is dented, impacting trading volumes.

Despite BNB’s recent struggles, it is still one of the most popular coins. As it is, BNB is the fourth largest coin by market cap, only trailing Bitcoin (BTC), Ethereum (ETH), and USDT.

Even so, some BNB holders are actively exploring other investment opportunities and, specifically, NuggetRush, an upcoming project that has been drawing investors.

Why NuggetRush?

NuggetRush is a play-to-earn (P2E) game where players can interact with DeFi, NFTs, and crypto. Players are rewarded for their activity and receive valuable in-game assets as NFTs. These collectibles can be converted to cash or even gold. As players engage, NuggetRush continues to support artisanal miners in underdeveloped countries.

For investors, NUGX and NuggetRush can be worthwhile for several reasons. Firstly, it is one of the few meme coins with real-world utility, considering how NUGX is woven into all operations. There are no buy or sell taxes on all NUGX transactions, a boost for gamers.

Secondly, it is a community-owned platform where players have a say in how it is developed and governed. In this arrangement, NUGX holders directly determine how the project evolves.

At the same time, they can stake NUGX and receive up to 20% APY while earning capital gains. Thirdly, NuggetRush is committed to positively impacting the world by supporting artisanal miners while allowing gamers to have fun and potentially receive some of the sphere’s coolest NFTs, which they can swap for gold or cash.

Notably, NuggetRush is still under development, but it has already garnered much attention from investors and gamers alike, rapidly building an active community ahead of what experts say is arguably one of the top ICOs in 2023. Moreover, respected analysts are adamant that NUGX is grossly undervalued and expected to rally on launch.

Conclusion

Considering NUGX’s potential, many BNB holders view NUGX as an opportunity to diversify their portfolios and invest in a project with real-world utility and community support. Nonetheless, it is too early to predict whether NuggetRush will outperform BNB in the long term. However, NUGX is emerging as one of the best altcoins to watch in 2023.

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