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There have been capital outflows from Grayscale's GBTC in recent weeks. However, there has been a recent increase in cryptocurrency investments, with over $708 million invested in various assets.
The two main assets with the highest liquidity are Solana and bitcoin. Additionally, the crypto community is showing interest in NuggetRush. More than 171 million NUGX has been marketed in recent weeks before launch.
bitcoin leads entries
CoinShares notes that inflows into crypto funds have exceeded outflows from Grayscale's GBTC for the first time in weeks.
Last week, crypto funds recorded net inflows of $708 million, driven primarily by bitcoin, which accounted for 99% of total inflows.
These inflows have helped stabilize the price of bitcoin in a range between $42,500 and $43,500 last week.
On the other hand, investors have been taking profits, leading to outflows of more than $926 million from GBTC.
NuggetRush achieved record pre-sale sales
NuggetRush is generating interest among the crypto community as bitcoin sentiment improves.
Due to its unique gaming platform, the platform has sold over 171 million NUGX.
The game is set in a virtual world based on the gold rush era, where players can mine gold and other precious metals using nft avatars.
It also allows you to collaborate with other players to increase your chances of winning and exchange rewards for real money, gold and NUGX.
As part of the game, certain rewards are also provided to support miners from less developed countries.
Investors flock to Solana
A CoinShares report notes that Solana-based products received $13 million last week, surpassing ethereum and Avalanche.
This influx could boost SOL prices in the coming weeks. If the trend continues, the coin may reach $120.
Conclusion
Investors are showing more interest in crypto products lately, which could drive up asset prices across the market. Some popular assets like btc and SOL may see profits, which will further raise the profile of NuggetRush, an increasingly monitored project.
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