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Home»BLOCKCHAIN NEWS»Early investors in Ethereum and Cardano considering new cryptocurrency projects
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Early investors in Ethereum and Cardano considering new cryptocurrency projects

By Crypto FlexsNovember 29, 20233 Mins Read
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Early investors in Ethereum and Cardano considering new cryptocurrency projects
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  • Early ETH and ADA investors are considering NuggetRush.
  • No purchase/sales taxes, collectible NFTs, and strategic partnerships allow NuggetRush to gain market share in the gaming industry.
  • Ethereum’s decline has sparked investor diversification, while Cardano’s price decline following its collaboration with Kraken appears to have triggered more outflows to NuggetRush.

Investors who previously supported Ethereum and Cardano appear to be considering a new cryptocurrency project, Nugget Rush (NUGX). It is known that these investors have been accumulating NUGX through the ongoing pre-sale.

NuggetRush offers real rewards and opportunities to players around the world. This project features collectible NFT characters, providing novelty and value. Additionally, the lack of sales tax and SolidProof’s smart contract audits may explain the increased interest.

In this article, we explore why early investors in Ethereum and Cardano are paying attention to NuggetRush.

NuggetRush: Transforming the Crypto Gaming Hub with Staked NFTs and Rewards

NuggetRush is a platform that combines gold mining, cryptocurrency, and real artisan mining in a Play-to-Earn (P2E) game. This project was launched on Ethereum and provides easy access to users.

The game includes a variety of characters that serve as game pieces and collectible memes. NuggetRush aims to partner with gold providers who can ship RUSHGEM prizes directly to miners.

This strategy adds a real and prestigious element to the in-game rewards.

The game also includes a staking feature that allows NFT holders to lock their assets in the system and receive rewards based on annual percentage yield (APY) and the quantity of NFTs staked. This mechanism prevents owners from selling NFTs during the staking period.

NuggetRush’s games also incorporate a player-driven marketplace where users can sell or trade character NFTs, rare items, and mined materials.

Additionally, a portion of rewards and in-game purchases contribute to supporting artisanal miners in underdeveloped countries.

This provides income to more than 100 million people engaged in informal mining activities in developing countries.

NuggetRush’s overall approach reflects our commitment to driving gaming innovation and social impact.

Cardano price status

On November 12, 2023, Charles Hoskinson, the founder of Cardano, publicly expressed interest in collaborating with Kraken, a major US cryptocurrency exchange.

This partnership is focused on advancing the development of Cardano’s layer-2 solutions. This is strategically aligned with Kraken’s search for suitable blockchain partners.

This update had a positive impact on the price of ADA, increasing the price from $0.37 to $0.39 within 24 hours.

Nevertheless, the upward trend was short-lived, and from November 12 to 18, the price of ADA fell 10.26% from $0.39 to $0.35.

Ethereum investors diversify

Ethereum supports features such as smart contracts and non-fungible tokens (NFTs) that execute automatically under predefined conditions.

ETH price fell in early 2023, impacting investors and portfolios.

As a result, early ETH investors looking to diversify their portfolios are looking for other high-growth projects.

conclusion

NuggetRush aims to reshape the GamiFi industry through technology and features.

The Play-to-Earn gaming platform includes exact word rewards, making it a potentially valuable addition to any portfolio.

Early investors in ETH and ADA are exploring NuggetRush, and some are considering the token in the ongoing presale.

Visit the NuggetRush presale website.

Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users must conduct their own investigation before taking any action related to the Company.

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