The volatility of Bitcoin has collapsed to a record low last witnessed since 2012.
As a result, investors have turned to Chainlink and NuggetRush, the top altcoins seeing bullish momentum.
LINK has jumped 30% on the weekly chart, while NUGX has increased by 80% over the past month.
A decline in volatility is one of the major Bitcoin ETF market effects seen over the last few weeks. According to on-chain data, the volatility of the leading cryptocurrency has plunged to lows last recorded in 2012.
To cope with the declining volatility, crypto investors have turned to find the best coins to invest in. Chainlink (LINK) and NuggetRush (NUGX) have attracted investors thanks to their bullish performances. Let's find out the drive behind these altcoins.
>> Buy NuggetRush Now <<
The SEC decision on Bitcoin ETF has brought a range of trends not many expected. While Bitcoin has recovered from the initial sell-off that accompanied the approval, the leading cryptocurrency is now struggling with volatility.
According to Charlie Bilello, Bitcoin's 12-month annualized volatility has dropped to its lowest level since 2012. This can be further confirmed by technical data. The 4-hour chart's moving averages have flattened out, and the RSI is almost halfway, suggesting that buyers and sellers are in balance.
Sellers will have the upper hand if the price dips below the 50-simple moving average. After that, the two might drop to $41,394. Bulls must defend the $42,000 support level to force a rally above $44,000 and $47,000. However, with the declining volatility, BTC investors are looking for the best altcoin to buy.
One of the altcoins that has benefited from the move of Bitcoin investors is NuggetRush (NUGX). Over the last few weeks, the project has sold off more than 170 million NUGX tokens in its cryptocurrency ICO.
The massive attention stems from the unique blockchain gaming ecosystem NuggetRush has created. NuggetRush has expanded into the real world, unlike other blockchain games that are only available online. NuggetRush is one of the best DeFi projects since, besides paying gamers, it has set aside a fund to be delivered to artisanal miners in impoverished nations.
Additionally, NuggetRush empowers its users by allowing them to participate in the game's development. Player input is encouraged and actively sought after in the NuggetRush experience, integrating them as co-creators. With this level of involvement, the game is truly made by and for its players, ensuring that it grows in a way that appeals to its player base.
Its unique approach has attracted a ton of attention in the gaming world. This is why market experts have forecasted a massive 50x pump for NuggetRush ahead of its first quarter launch. At this time, NUGX is available for only $0.018 per coin.
>> Buy NuggetRush Now <<
While the prospects of NUGX have attracted investors, the current performance of Chainlink (LINK) has intrigued investors. In the past week, the price of Chainlink has shot up by more than 30%, pushing its price above the $19.30 level.
However, LINK has a minor resistance level at $19.54. If the bulls manage to cross this level, the price of Chainlink could jump to the pattern target of $21.79. However, a rejection at this level could cause a retracement to $17.50.
Some traders are turning their attention to new investment opportunities as a result of the decreasing volatility of Bitcoin. Two of the best altcoins that are becoming even more popular among BTC traders are Chainlink and NuggetRush, thanks to their current price performance and exciting possibilities, respectively.
Visit the NuggetRush Presale Website
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.