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TLDR:
- NuggetRush pays those who stake their NFTs 20% APY.
- Chainlink could see a price surge soon as the number of tokens on CEXs continues to drop.
- Venture Capitalist Mark Carnegie believes all has not ended for Bitcoin, as he forecasted a retest of $50k.
Venture capitalist Mark Carnegie has made a bullish forecast, predicting a Bitcoin rally to $50,000. Meanwhile, two top crypto coins that could see more gains are NuggetRush (NUGX) and Chainlink.
While Chainlink is trying to resume its upward movement, NuggetRush has seen a 50% price surge from $0.010 to $0.015. This makes the token one of the best cryptocurrency performers in 2024 so far.
NuggetRush (NUGX): The New Coin Taking Over
NuggetRush (NUGX) is a new crypto behemoth on the rise for many reasons. For starters, it provides utility to meme coins and serves as a gaming token. The platform intends to launch a play-to-earn (P2E) model where users can have fun while benefiting NUGX holders.
It will be used as ecological money as well as a utility. NUGX is expected to be one of the top governance tokens on the market. Holders will be eligible to vote in elections. This is part of the project’s goal to ensure decentralization.
Already, the team has stated that it intends to renounce its audited smart contracts. Following that, NUGX holders will have a direct say in how the initiative is developed. As a precaution against hacking, SolidProof has audited all NuggetRush code. NuggetRush will give users in-game NFTs that may be traded on the platform’s marketplace.
NUGX is a form of currency. As a result, holders of NFTs can exchange them for NUGX or other NFTs. Simultaneously, NFTs can be staked for up to 20% APY in NUGX. NuggetRush, with its robust community, unique meme tokenomics, and utility potential, has the potential to join the top 10 altcoins.
Furthermore, NuggetRush has a no-tax token sales policy. This is beneficial to investors because transaction expenses are avoided. As a result, they are able to increase their profits. The NUGX coin is currently valued at $0.015.
Chainlink (LINK) on CEXs Drops: Is the Price Pump Coming?
According to Santiment, Chainlink (LINK) supply on crypto exchanges has reached a six-month low of 8.46% of total Chainlink supply. Besides, there has been a huge increase in outflows from crypto exchanges since early January.
The exchange flow measure corresponds to diminishing exchange supply. A drop in exchange supply is typically perceived as less selling pressure on the asset. Could a price increase be on the way? Chainlink’s price has seen some losses lately.
The Chainlink coin is above its 200-day EMA, fluctuating between $12.84 and $16.04 over the last week. In the positive direction, Chainlink’s target is likely the 23.6% Fib at $14.843, which is near $15.00.
Bitcoin (BTC) Price Ready To Retest $50k, Says VC Capitalist
During a chat with CNBC, venture capitalist and MHC Digital Group founder Mark Carnegie projected that Bitcoin would approach or surpass $50,000 once more. “It’s clearly positioned for a bit of a run and a retest to $50,000.”
“So my feeling is this will be short term, long term, medium term, which is, you know, 30 to 90 days, probably a retrace,” Carnegie said. At the moment, Bitcoin price has been fluctuating between $42,252.72 and $45,821.87 in the past week.
Bitcoin looks bullish on the price charts ahead of January 10th. January 10th is the expected date that the US SEC will give its verdict on the Spot Bitcoin ETF. The flagship cryptocurrency is currently up 5.1% and 2.0% on the weekly and monthly timeframes.
Final Thoughts
Chainlink and NuggetRush could rally one Bitcoin cross to $50,000. Still, it would be good to go for a top ICO that taps into another sector apart from cryptocurrencies.
