- Demand for Spot crypto ETFs could boost Ethereum’s (ETH) current rally.
- BNB’s Binance Exchange has withdrawn its application for a financial license in Abu Dhabi.
- NuggetRush’s (NUGX) mining adventure could set a new standard for quality gaming and reward earning in the play-to-earn sector.
Ethereum (ETH) could soar to $2500 in early 2024 following the growing demand for crypto ETFs. BNB holders hope the recent regulatory issues around its exchange don’t worsen its market performance.
Analysts now say NuggetRush’s (NUGX) mining game could be the best option for making long-term profits. It features an innovative play to earn experience. Yet, can NUGX emerge as one of the top DeFi projects? Let’s discuss.
Ethereum Eyes $2500 By Year End
Bullish Ethereum (ETH) investors believe the token can reach $2500 before the start of January 2024 due to the ongoing bullish rally in the market. Like other top altcoins, Ethereum has risen sharply since early November due to calls for spot crypto exchange-traded funds. Trading activity on Ethereum has since shot up leading to a sharp ETH rise.
ETH traded at $1,816 on October 31. A month later, ETH jumped by 14.9% to $2,087 on December 1. However, ETH has maintained its bullishness, rising by 12.6% to $2,352 by December 10.
Ethereum could capitalize on the growing bullishness due to the popularity of ETH staking in 2023. Since January, Over $40 billion worth of ETH has been staked, thus representing nearly 50% of total staked assets across all blockchains. Furthermore, analysts expect the first approved spot crypto ETFs to come in Q1 2024. This would further boost demand for Ethereum, thus pushing ETH up by 17.0% to $2,752.
NuggetRush: Ethereum-Backed Gaming Ecosystem Takes Market by Storm
The play-to-earn gaming industry eagerly anticipates the upcoming launch of NuggetRush (NUGX), an adventure game that offers a deep dive into artisanal mining. NuggetRush (NUGX) offers super realistic gameplay where players will comb vast lands, looking for valuable mineral resources to extract. Players will use NFT characters to set up their mining operations.
The overall aim is to make each mining operation profitable. NFT characters will possess mining and business management skills. Using appropriate machinery, players will mine resources in return for high-value rewards like extra NFTs, game funds, and other in-game collectibles. Players will get to participate in various forms of solo challenges. They can also participate in group tasks and challenges, thus earning more rewards.
NuggetRush (NUGX) is unrivaled in its play-to-earn mechanisms. Players can easily trade assets received from the game on its high-quality marketplace. They can also earn money from staking their game NFTs.
This would allow them to earn extra income without selling their assets. Finally, players who find special NFTs called RUSHGEMS can trade them for real gold. NuggetRush (NUGX) will then arrange the delivery of gold rewards to chosen locations.
Analysts say features like these could make NuggetRush (NUGX) one of the most popular NFT projects. Already, its ongoing blockchain ICO has sold over 80 million tokens, as many investors are eager to join its ecosystem.
NuggetRush’s (NUGX) presale has entered its third round, rising by 30% from its first-round price of $0.01. NUGX currently costs $0.013, but it would jump again in round four of its presale.
BNB Holders Bemoan Mounting Regulatory Issues
Binance exchange has faced a long list of financial troubles in 2023, which has caused great anxiety among BNB holders. One of its latest issues is the resignation of its founder as CEO over the exchange’s involvement in money laundering. The negative news caused a dip in BNB’s performance despite its sharp recovery.
BNB was trading at $253.64 on November 20 following the market-wide bullishness. It fell by 9.4% to $229.69 on November 28, shortly after the resignation of its ex-CEO. As of December 10, BNB had recovered by 4.3%, reaching $239.73.
Binance troubles have increased following the withdrawal of its bid for an investment management license. The company said the bid was no longer necessary for its global needs. Yet several BNB holders say the move might be related to its legal troubles in the US. The negative news could further dampen BNB’s prospects, pushing it down by 10.1% to $215.43.
Visit NuggetRush Presale Website
Subscribe to our daily newsletter!
No spam, no lies, only insights. You can unsubscribe at any time.
