SBI VC Trade has announced a passive income service for Shiba Inu.
Kevin Svenson has stated that Bitcoin remains in an upward trajectory despite the recent crypto crash.
NuggetRush is a new altcoin poised for a breakout rally to $1.
In a remarkable achievement for Shiba Inu, SBI VC Trade, a subsidiary of SBI Japan, has announced a passive income service for the meme coin. Meanwhile, Kevin Svenson has stated that Bitcoin is still in its bull market despite the recent pullback. NuggetRush is one of the top altcoins to benefit from this bull market, as it makes a run for $1.00.
NuggetRush (NUGX) is a new DeFi project that is quickly gaining ground in the GameFi community. The project stands out for blending several components into one gaming ecosystem. The NuggetRush platform serves as the intersection between P2E gaming, artisanal mining, NFTs, meme culture, staking, and a distinctive social impact model.
The mining game is the main component of the NuggetRush ecosystem. Players will engage in thrilling mining missions in the game to find gold and other valuable materials. NuggetRush distinguishes itself by enabling users to exchange their virtual winnings for physical gold assets, cash, or NUGX, the site's ERC20 coins.
NuggetRush's platform offers additional earning tiers. The trending NFTs of the platform, RUSHGEM, can be staked by players for an APY of up to 20%. NuggetRush's social impact strategy gives the platform an additional degree of distinctiveness. The money made on NuggetRush will go toward supporting impoverished artisanal miners in developing nations.
The blockchain ICO of NuggetRush was a smashing success, raising over $3.8 million and selling over 270 million NUGX tokens. The NUGX token is live on Uniswap and anyone can buy it right now. Analysts have given a price estimate of $1.00 for NUGX in 2024 despite the fact that the token is selling for $0.020.
Despite the recent memecoin crash, the Shiba Inu (SHIB) community is celebrating a milestone achievement. SBI VC Trade, the crypto arm of SBI Japan, has launched a staking service that will generate passive income for Shiba Inu, Bitcoin, and BCH holders.
The service will allow Shiba Inu holders to lend their idle SHIB assets to earn rental fees during the lending period. The recent announcement aligns with calls from the Shiba Inu team for wider adoption of the meme coin in 2024. The meme coin has reacted positively to the news, rising above the $0.00002200 resistance.
Bitcoin (BTC) recently suffered its biggest loss in more than a year. From a monthly high of $72,500, the leading cryptocurrency has plunged to lows of $60,200. Despite suffering a massive price crash, market analyst, Kevin Svenson, has explained in his recent analysis that Bitcoin remains on an upward trajectory.
Svenson also explained that as long as Bitcoin remains above the mid-$50,000 range, it is still in an "exponentially higher low." Only a break below $50,000 could lead to a consolidation phase for BTC by summer. However, if an uptrend resumes, BTC will look to target $85,000 after the Bitcoin halving.
Thanks to these distinctive features, NuggetRush is quickly becoming the next big thing in the GameFi sector. This is why its native token is poised to hit $1.00 before the end of 2024, making it the best new coin to invest in now.
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