- Bitcoin surges as demand for spot BTC ETF grows.
- Expectations for an upgrade on March 13 may increase investor sentiment for Ethereum.
- NuggetRush (NUGX) unveils a gaming community where aspiring investors can earn gold rewards.
Spot BTC ETF inflows surge above $2.1 billion, boosting Bitocin price, while Ethereum is gearing up for a major network upgrade in March.
Nugget Rush (NUGX) is also attracting attention in the digital asset industry after selling 171 million tokens through a blockchain ICO. But will this make NUGX one of the best altcoins? Join the discussion.
Bitcoin rises to $50,000 as spot ETF inflows surge
Bitcoin (BTC) made an impressive recovery after falling slightly below the $40,000 level. A sharp increase in trading activity pushed BTC to high levels in February. The surge in Bitcoin (BTC) coincides with a sharp increase in demand for spot ETFs.
BTC was trading at $44,167 on January 1. BTC rose 4.9% to $46,368 on January 11 after the SEC approved a spot ETF. BTC fell 14.7% to $39,507 on January 22, then surged to $45,301 on February 8 and hit $50,000 on February 12.
The spot Bitcoin (BTC) ETF has seen high demand since its launch. BlackRock’s Spot Bitcoin ETF saw the fifth-largest inflows among all spot ETFs in January. Total inflows into spot Bitcoin ETFs exceeded $2.1 billion. Daily spot Bitcoin (BTC) ETF inflows also surged to $400 million on February 8.
Ethereum sets March date for Dencun upgrade
After a call with top developers, the Ethereum (ETH) blockchain announced the expected release of the Dencun upgrade on March 13, 2024. The upgrade will reduce transaction costs on Ethereum (ETH)’s secondary layer 2 network. It will also strengthen the data storage of Ethereum (ETH).
Excitement over the news could help push Ethereum price back to the $2,600 range. ETH was trading at $2,352 on January 1st. As of January 11, ETH was up 11.3% to $2,619. ETH’s bullish momentum dropped sharply, with the token falling 12.8% to $2,282 on January 31. It then rose 6.0% to $2,419 on February 7th.
The Ethereum (ETH) Dencun upgrade could help boost development activity on the network. By reducing the cost of secondary layer 2 networks, more apps and services can leverage Ethereum (ETH) technology. This will help Ethereum (ETH) withstand competition from other top altcoins such as Solana, and the value of ETH will increase by 8.8% to $2,633.
NuggetRush’s next-generation NFT gaming rewards
The launch of NFTs has brought about change in the Play-to-Earn industry. NFTs have opened up the possibility of participating in gaming networks and receiving rewards. However, many projects have failed to capitalize on the potential opportunities that come with NFT games. One project that is recognized as unique is NuggetRush (NUGX).
NuggetRush (NUGX) aims to become the market leader through mining adventures, combining the benefits of meme coins with revenue-generating gaming. Becoming a miner in NuggetRush (NUGX) is similar to mining natural resources in the real world. The game utilizes the latest gaming technology to ensure your mining experience is as realistic as possible.
It also offers exciting game challenges that involve competition and cooperation. You can compete with other miners in a variety of game modes including tournaments, battles, quests, and ranked play. You can also enjoy your mining experience as part of a team. The game allows you to form teams and mining partnerships that offer high-value rewards.
NuggetRush (NUGX) has shown tremendous growth potential. NuggetRush has sold over 171 million NUGX tokens through its 5th presale, resulting in high FOMO. It also raised more than $2.1 million. The current NUGX value is $0.018. After rising to $0.020, the coin will be listed on major exchanges.