Investing.com | Editor Pollock Mondal
Published Nov 08, 2023 07:56AM ET
The cryptocurrency market has seen significant activity recently, with Ethereum’s recovery and the rise of NuggetRush (NUGX). Today, Ethereum’s upward trend towards $2,000 is supported by technical indicators like the Awesome Oscillator (AO) and Relative Strength Index (RSI), following a recovery from a dip on Oct. 12. The trading volume for Ethereum has exceeded $229 billion, as reported by Santiment Analytics, and its decreasing supply on exchanges is drawing more investors.
Meanwhile, NUGX, a new player in the crypto market, is gaining traction. It witnessed a 20% price surge in its second-stage presale where investors can claim 50% of their tokens. The token price is currently at 0.012 USDT, targeting 0.020 USDT, with over 29 million NUGX sold. This rapid growth and the $240K raised in the presale have drawn the interest of ‘crypto whales’.
NUGX introduces a unique selling point by combining gaming and finance. It offers a Play-to-Earn (P2E) gaming model that presents real-world utility. Players can mine virtual gold during treasure hunts and trade it for real gold. This feature has made NuggetRush popular among crypto beginners and the youth.
In addition to this, NUGX offers revenue opportunities to miners in underdeveloped countries through non-fungible tokens (NFTs) representing game characters and utility assets. These NFTs are exchangeable for rare RUSHGEM NFTs. Holders can stake their NFTs for up to 20% APY.
To ensure fair distribution, NuggetRush has allocated 43% of its coins for public purchase. Furthermore, it offers a Rush Guild membership which includes governance rights, VIP access, and rewards. Given its unique real-world utility, significant funds raised, and the attention of ‘crypto whales’, NuggetRush is poised to become a strong contender in the crypto market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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Written By: Investing.com