ADA and AVAX have started to recover, but experts support them to outperform NuggetRush (NUGX).
TLDR:
- Cardano (ADA) regained the crucial $0.5000 support after several weeks of decline.
- A double-digit gain ahead of a massive token unlock would push the price of Avalanche (AVAX) above $35.
- NuggetRush (NUGX) has taken the cryptocurrency community by storm with its new impact game model that forces experts to predict a 10x price surge.
Cryptocurrency markets saw a huge sell-off following the SEC’s decision on the Bitcoin ETF. However, with bullish sentiment returning, there are two major altcoins pushing the recovery: Cardano (ADA) and Avalanche (AVAX). While it’s already seeing impressive gains, market experts have helped NuggetRush (NUGX) outperform the rest of the market. Let’s find out why.
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Why NuggetRush (NUGX) Could See 10X Profits in Q1 2024
NuggetRush (NUGX) joins the blockchain gaming industry at a moment when the idea of making real money from gaming is becoming increasingly popular. However, unlike existing games, Nugget Rush implements a new social impact concept and does not operate a closed in-game economic system.
Unlike other games that are limited in scope to their respective virtual spaces, NuggetRush has expanded its scope into the real world. In addition to providing rewards to players, NuggetRush also funds artisanal miners in developing countries, making it one of the top DeFi projects.
NuggetRush also empowers users by giving players a voice in the creation of their games. The NuggetRush experience not only welcomes player feedback, but actively seeks it out by engaging them as co-creators. This level of engagement ensures that the game is developed in a way that appeals to the player base, making it truly a game made by and for players.
NuggetRush’s emphasis on community building has resonated well in the P2E space. Over the past few weeks, the project has sold over 168 million tokens, making it one of the top blockchain ICO projects. The price of NUGX is only $0.018 per coin, but market experts believe that the price could surge tenfold in the first quarter.
Cardano (ADA) has recovered above the critical $0.500 support.
The initial negative ETF impact on cryptocurrency prices had a major impact on Cardano (ADA) for most of January, sending its price down significantly. The price of Cardano fell from a high of $0.6200 to a low of $0.4500 this year.
Nonetheless, ADA has been gaining some traction over the past few days. Cardano coin price rose by more than 8% on the weekly chart. ADA has rebounded above the important $0.500 support level so far.
This implies a significant level of psychological support for Cardano and often leads to trading decisions based on emotions. In the coming weeks, ADA could target the $0.5900 range if it holds above the current range above $0.5200.
Avalanche (AVAX) has recovered to $35, but the major token unlock is close.
Like Cardano, Avalanche (AVAX) also suffered from bearish pressure for most of January. The sale pushed the price of AVAX down from $42.00 to $27.80. However, the Avalanche cryptocurrency has been witnessing a major recovery over the past few days.
AVAX broke above the $35.00 support level with an impressive 14% gain. This upward trend may continue along with the general cryptocurrency market, but there are concerns about the $318 million token unlocking expected to occur in February.
In short
Top cryptocurrencies Cardano and Avalanche are showing strength as the broader cryptocurrency market recovers. However, experts have endorsed NuggetRush as the best cryptocurrency investment of 2024 due to its uniqueness and massive potential.
Visit the NuggetRush presale website.