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Bitcoin Reaches New All-Time High Before Volatile Market Movement;… | EVM News
Bitcoin (BTC) has set a new all-time high (ATH) despite the short volatility that followed. Now, analysts wonder if the surging demand for spot ETFs would increase Bitcoin’s momentum.
NuggetRush (NUGX) also soared due to growing demand for its mining game. Investors have already bought over 211 million NUGX tokens in its presale. Analysts say the current bull run will make it one of the top ICO projects. Yet, are these expectations reasonable? Let’s discuss.
Bitcoin Briefly Touches $69,000 in Early March
Bitcoin (BTC) set a record by reaching a new all-time high in early March. The crypto market entered a bull run spurred by Bitcoin’s rally in January. Despite the slight market downturn, Bitcoin has continued its spectacular performance in March. Despite Bitcoin’s (BTC) bullish momentum, many investors were surprised it would reach a new all-time high (ATH).
As of January 30, BTC traded at $42,952. Two weeks later, BTC increased by 15.8% to $49,742 on February 13. BTC’s trajectory remained upward, rising by 4.0% to $51,733 on February 25. BTC soared by 33.7%, reaching an ATH of $69,170 on March 5. However, it closed at $63,801 on the same day after a 7.7% decrease.
Some analysts expect Bitcoin (BTC) to return to the $69,000 range due to its popularity among large-scale institutional traders. Furthermore, Bitcoin’s HODL potential makes it one of the top crypto coins among many investors. Analysts say BTC could rise by 9.1% to $69,667.
NuggetRush: Investors Scramble to Increase their NUGX Holdings Ahead of its Official Listing
NuggetRush (NUGX) is a blockchain adventure that has players searching for gold and mineral resources. The platform stands out for the high earning potential it attaches to mining challenges on its network.
The game’s design attracts gamers to its P2E mining adventures, where they can win NFTs, game funds, and other rewards. NuggetRush (NUGX) is a standout project among many gaming tokens because it offers players a chance at gold. Players who collect RUSHGEM NFTs from its landscapes can make a direct swap for real gold.
NuggetRush (NUGX) aims to show the true potential of GameFi. It has set a market capitalization target of $100 million. Reaching this goal would demonstrate the financial potential of vibrant P2E communities.
Furthermore, NuggetRush (NUGX) is big on NFT staking. It offers attractive APY rewards that reach up to 20% depending on the lockup duration. NuggetRush’s (NUGX) presale continues to feature as a headline on top crypto news sites.
Many experts are not shocked that investors purchased 211 million tokens from its presale. More sales are expected. They conclude that NuggetRush is showing signs of becoming one of the top altcoins in 2024.