- NuggetRush Profits, Growth Potential Boost Meme Coin
- Parity Technologies aims to decentralize Polkadot
- crypto whales selling eth in 2023.
One can explore NuggetRush (NUGX), a project with solid fundamentals and meme coin potential. Polkadot’s (DOT) decentralization shift, ethereum (eth) whale behavior, and market trends can also offer insights to investors. The creators of NuggetRush are bullish on NUGX and expect price increases at launch.
NuggetRush adds utility to meme coins
NuggetRush’s fundamentals and low market cap can support long-term growth. This could explain why experts are bullish on NUGX.
While its memetic appeal has attracted a dedicated following, NuggetRush will be primarily driven by its play-to-earn (P2E) functionality. As a P2E meme coin, NUGX, its native governance and utility token, will serve as the backbone of the gaming ecosystem.
In addition to offering opportunities for artisanal miners in underdeveloped areas, NuggetRush is a player-driven non-fungible token (nft) marketplace that can offer exclusive benefits. For example, RUSHGEM NFTs can be exchanged for real gold, adding tangible value to digital assets.
The project roadmap may help cement NUGX’s position in the meme coin scene. Notable developments include the launch of NuggetRush’s decentralized exchange (DEX), giving up smart contracts, and transferring community ownership.
NuggetRush is currently in the initial round of its pre-sale, where NUGX is available for $0.01. At the end of the pre-sale and in the listing, NUGX could rise to $0.02. However, analysts expect even greater growth by the end of the year.
Polkadot is decentralizing, DOT is down
On October 12, 2023, Parity Technologies, the developer of Polkadot, announced strategic changes towards decentralization of the network.
This move aims to improve the developer experience and foster a strong developer community, which will lead to organizational changes in the near future.
While Polkadot is a major player in the cryptocurrency sector, its native coin, DOT, has been under pressure. Prices fell from $4.02 to $3.68 last week due to market volatility.
Despite hitting a low not seen since November 2020, Polkadot’s Q3 report reveals unexpected improvements. The first notable point was that there are 663 million DOT at stake, a quarterly increase of 14.7%.
Related to this growth, Santiment data reveals that Polkadot had the second highest development activity in the last 30 days. As Polkadot strengthens its network capabilities, DOT could rise to $4.86 by the end of 2023.
ethereum whales come out; eth is stable
According to analyst Ali Martínez, crypto whales have been actively selling their eth holdings in 2023.
Since February, ethereum whales have sold or reallocated more than 5 million eth, worth approximately $8.5 billion, with no signs of slowing down.
ethereum rose to $1,750 in early October before retreating below $1,600. On October 17, eth was trading at $1,590.
Investors buying the dip are expected to fuel ethereum‘s bullish momentum, pushing it above $1,750 by the end of 2023. However, if the bears dominate, eth may fall to $1,525.
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