- Peter Schiff says Bitcoin (BTC) will crash right before its Spot ETFs are approved.
- NuggetRush’s popularity is soaring as its mining game generates interest within the play-to-earn gaming community.
Despite the rise in Bitcoin’s investor sentiment in early November, Peter Schiff is already predicting its market dip. He expects BTC’s fall right before approvals of Spot Bitcoin ETFs.
In contrast, NuggetRush’s trajectory only seems up as the mining adventure has already become vastly popular in the play-to-earn community. After selling over 35 million tokens, analysts say NUGX will be a top ICO. Will they be proven right? Let’s discuss.
Chief economist of Europac Asset Management firm Peter Schiff, has implied that Bitcoin will crash soon. He says Bitcoin will fall before the Securities and Exchange Commission (SEC) legalizes its Spot ETFs.
Despite his predictions, BTC has been in a bullish rally since mid-October. BTC was trading at $28,519 on October 16. By November 1, BTC’s had soared by 19.8% to $34,170. BTC’s bullishness remained strong as it rose 8.4% to $37,054 on November 12.
The crypto market has been in a bullish frenzy over excitement that spot Bitcoin ETFs would soon get regulatory approval. Many investors then increased their crypto holdings, expecting that approval of Spot Bitcoin ETFs would trigger a strong market rally.
Despite Peter Schiff’s predictions, most analysts are confident BTC will keep rising before Spot Bitcoin ETFs are approved. They further conclude that BTC could rise by 15.6% to $42,843 by Q1 2024.
Of all new ICOs, NuggetRush (NUGX) could become a blue-chip project, given its innovative approach to blockchain gaming. NuggetRush (NUGX) is an Ethereum-based play-to-earn community that offers an interactive mining adventure. On NuggetRush, players must build large-scale mining operations.
The game features a world of artisanal miners in a mineral-rich terrain. Players will use these miners to find promising locations and excavate resources. Machinery that players will receive at the start of the game will be limited.
However, they can upgrade their machinery for better mining efficiency. Players earn rewards after completing solo mining challenges. They can also earn group rewards when they join mining collaborations on NuggetRush’s (NUGX) ecosystem.
NuggetRush (NUGX) offers ranked play, battles, competitions, and mining quests to keep players engaged. The game’s rewards are eligible to all players, no matter their level or location. Players can swap these rewards for cash on NuggetRush’s marketplace.
However, the game also offers special NFTs called RUSHGEMS. NuggetRush allows players to exchange RUSHGEMS for real gold. Finally, Players can stake their NFTs and earn passive income without selling their in-game holdings.
Some of the rewards on NuggetRush will also go to supporting the efforts of artisanal miners worldwide. Some analysts say NuggetRush (NUGX) could become one of the most popular NFT projects.
The project has already generated over $350,000 from its blockchain ICO. It is in round two of its presale, trading at $0.012. By round three, its value would increase by 8.3% to $0.013. When NUGX appreciates to $0.020, its exchange-listing process will commence.
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