TLDR
- Growing demand for Spot ETFs has pushed Bitcoin (BTC) near the $40,000 mark.
- NuggetRush has unveiled the first-ever play-to-earn adventure dedicated to artisanal mining.
- Eager investors have purchased over $700,000 worth of NUGX tokens.
Bitcoin (BTC) bulls are eyeing the $40,000 mark as excitement around Spot ETFs has increased investor sentiment in the crypto market.
However, some investors prefer NuggetRush (NUGX) and its mining adventure. The game offers a mining challenge that offers valuable rewards like gold. Yet, are these enough to make NUGX one of the top altcoins? Let’s discuss.
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NuggetRush: Supporting Artisanal Miners Via Play to earn Adventure
NuggetRush (NUGX) is an Ethereum-based mining experience that mimics real-life artisanal mining. It presents an opportunity to step into the everyday realities of miners.
The game involves the nitty gritty of finding mineral-rich lands and using machinery to excavate resources. Furthermore, NuggetRush tasks each player with operating a successful mining enterprise.
Players receive a few mining characters and basic machinery when the game starts. They also receive a small plot of land to begin their mining adventure.
Common tasks on NuggetRush (NUGX) include shaft digging and traditional soil sampling techniques. Each time a player completes mining tasks, they receive game currency, NFT characters, and machinery.
Using improved machinery boosts a player’s mining efficiency, which affects how much they can earn from their gaming activity.
Players can also improve their mining characters, thereby increasing their market value. NuggetRush’s (NUGX) marketplace offers easy trading of valuable assets. Players can earn greater rewards when they join mining groups.
NuggetRush (NUGX) is building a community of individuals passionate about artisanal mining. Some of the proceeds raised from the game would go to artisanal miners. Furthermore, the game allows players to stake their NFTs instead of selling them. This could make it one of the most popular NFT projects.
The project is holding an ongoing presale. NUGX just entered the third round after rising by 8.3% to its current price of $0.013. NUGX’s blockchain ICO has sold over 60 million tokens to excited investors. By round four of NUGX’s presale, its value would rise by 15.38% to $0.015.
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The Excitement around Spot ETFs Pushes Bitcoin to $37,000
Bitcoin’s (BTC) market performance has risen sharply since mid-October due to growing demand for Spot ETFs. BlackRock, GrayScale, Valkyrie, VanEck, and other companies have led the drive with official Spot Bitcoin ETF applications.
The move has improved Bitcoin’s (BTC) market performance in November, pushing BTC close to the $40,000 mark. BTC was trading at $29,918 on October 21. By November 1, BTC’s value had jumped by 14.4% to $35,437.
As market bullishness grew, BTC rose by 5.1%, reaching $37,254 by November 21.
The clamor for Spot Bitcoin ETFs indicates growing interest in the crypto industry. Analysts say Spot ETFs would offer better risk management and customer protection. However, the Securities and Exchange Commission (SEC) has complained of insufficient customer protection checks outlined in Spot Bitcoin ETF proposals before it.
Experts also agree that approval of Bitcoin (BTC) Spot ETFs could increase institutional adoption of cryptocurrencies. This could push BTC’s price up by 10.9% to $41,345.
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