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- NuggetRush (NUGX) has completed phase 1 of its multi-stage presale, raising over $200,000 from the sale of 20 million NUGX tokens.
- -In phase 2, the price of NUGX has increased by 20% to $0.012, and experts predict it could double to $0.02 by the end of the presale event.
- -NUGX is trending higher than SOL and XRP, making it an attractive investment for traders looking for high-growth tokens.
NuggetRush (NUGX), a crypto project aiming to revive the multi-billion meme coin scene and inject utility, has completed phase 1 of its multi-stage presale, trackers in early November 2023 shows. At the pace at which NUGX sold out, some observers say the presale could be the best ICO to watch out for in 2023.
Phase 1 of NuggetRush Presale Sold Out
Notably, over 20 million NUGX were sold, helping the company raise over $200,000. The first cohort of investors also qualifies as early adopters, considering how the presale is set up. After every stage of the highly anticipated crowdfunding event, NuggetRush creators increase token prices by double digits.
In phase 2 of the presale, each NUGX is trading at $0.012, up from $0.01, marking a 20% increase. This represents rare gains for the discerning investor. Instead of speculating on tokens as most traders do, early adopters only had to position themselves strategically, buying the token, available at a discount, and HODLing.
By the close of phase 1, their tokens are now up 20% to $0.012. However, going by trends, experts predict NUGX to double, rising to $0.02 by the end of the presale event.
NUGX Will Expand With Rising Bitcoin and Crypto Prices
Multiple factors could drive NUGX by 100% in the coming weeks, even outperforming Solana (SOL), XRP, and Bitcoin (BTC)—which are the top crypto coins. Going by the gains posted by the token, NUGX is trending higher than SOL and XRP despite the latter drawing relatively more social media traffic.
The guilty verdict against Sam Bankman-Fried (SBF), the former CEO of FTX, drives interest towards SOL. FTX, through its subsidiaries, holds billions worth of SOL; tokens, which will be liquidated over time to repay investors–partly explaining why some SOL investors and traders are exploring emerging, high-growth tokens like NUGX to hedge against potential pullback.
In the days ahead, NUGX could track higher, extending gains versus BTC and SOL as sentiment improves in anticipation of the next Bull Run in 2024.
Next year, analysts expect the United States Securities and Exchange Commission (SEC) will likely approve several spot Bitcoin ETFs; allowing institutional investors to gain exposure, further boosting liquidity in crypto.
This may see more new incomers even consider top altcoins like NUGX, adding them to their portfolios.
Besides the spot Bitcoin ETF, which has been the primary trigger, lifting the entire crypto market cap in late October, the Bitcoin halving event might make BTC more scarce; a bullish development for the coin and some of the best altcoins in the sphere.
NuggetRush’s Approach To Drive Prices Higher?
Beyond market-related factors, traders are also looking at NuggetRush’s approach in crypto and, specifically, meme coins. Its quest is to add utility, offering a viable alternative to established coins like Dogecoin (DOGE).
NuggetRush is building a play-to-earn (P2E) game where players will be rewarded in NUGX and in-game assets, existing as non-fungible tokens (NFTs) minted on Ethereum–the world’s most active smart contract platform.
NuggetRush’s items are some of the coolest NFTs because they can be traded for NUGX on the peer-to-peer (P2P) marketplace. At the same time, rare ones can be swapped for gold and delivered to the gamer’s doorstep. Those who opt to stake NFTs also receive up to 20% APY payable in NUGX, a deflationary token.
Conclusion
Supporters are bullish on NUGX and expect prices to rally even after the token is listed on mainstream exchanges. By riding on meme coins, NUGX might explode even more if the crypto market bounces strongly, building on gains registered in October 2023.
Considering what lies ahead, smart investors are examining the project, with some even participating in the ongoing NuggetRush presale, buying the token at a discount.
