- Shiba Inu whales have moved nearly $300 million worth of SHIB tokens in the past week. Many analysts now suspect an oncoming price surge.
- Likewise, NuggetRush is set to launch an immersive mining ecosystem with various ways to earn money from in-game activities.
Shiba Inu whales have been very busy this past week, leading to speculations about a potential rally. Since the launch of Shibarium and the subsequent SHIB token burns, Shiba Inu’s network activity has risen.
Elsewhere, the gaming community is anticipating the upcoming launch of NuggetRush (NUGX) and its play-to-earn mining game. NUGX could grow by 100% when the game launches. Yet, is that enough to make NUGX a top ICO? Let’s discuss.
Shiba Inu Whale Activity Rises Following Shibarium’s Release
On October 28, 2023, U_Today reported that Shiba Inu’s whale activity had risen steadily in the past three months. Utoday’s report showed that Shiba Inu whales had increased their SHIB token holdings by $300 million.
The increased investor sentiment for Shiba Inu coincides with excitement around its Shibarium upgrade. Shiba Inu released the Shibarium layer-2 on its mainnet on August 16. Since then, SHIB’s volatility has increased.
SHIB was trading at $0.00000924 on August 16 after Shiba Inu announced the launch of Shibarium. However, subsequent market crashes caused SHIB to fall by 26.7% to $0.00000677 on October 11. By October’s end, SHIB had recovered slightly by 17.9%, trading at $0.000007983.
Since Shibarium’s launch, Shiba Inu has undertaken significant token burns. Some Shiba Inu executives have already asked its community to anticipate more SHIB burns. Analysts opine that these token burns could increase SHIB’s price by 23.1% to $0.000009832 when the year ends.
NuggetRush Debuts Mining Adventure
NuggetRush (NUGX) is a 21st-century mining adventure with numerous rewards and prizes. It focuses on providing a realistic mining experience similar to the real world. Users earn multiple rewards for in-game mining activities. NuggetRush (NUGX) excites the spirit of adventure and desire for victory and rewards in people.
It involves using NFT characters that have mining capabilities and business expertise. Players must start, build, and expand a successful mining operation. Gamers also collect machinery and NFT characters with better skills and higher efficiency. NuggetRush’s (NUGX) marketplace also offers more NFT characters and better machinery.
These characters, machinery, and other in-game collectibles have some financial value that players can redeem on NuggetRush’s marketplace. After completing tasks and challenges, they also receive free NFT characters.
Gamers can also boost the abilities of these characters, thus increasing their market value. There are also RUSHGEM NFT characters that are rare. Players can swap RUSHGEM NFTs for gold and have them delivered to chosen locations.
The idea of NuggetRush sounds very exciting. Many investors are now hurriedly purchasing the NUGX token, which is still in its blockchain ICO phase.
NUGX costs $0.012 now in Stage 2 of its presale. By the next stage, NUGX’s value will move up even higher. NuggetRush will launch officially once NUGX’s worth grows to $0.020. Analysts agree that NuggetRush is a good crypto to buy right now.
