Will Bitcoin Rally to $35,000? What Does This Mean for Shiba Inu and NuggetRush?

TLDR

• Bitcoin appears ready to rise to $35,000 as more investors pull their BTC holdings out of cryptocurrency exchanges.
• Shiba Inu has recorded multiple developments on its network recently, but SHIB is still struggling.
• NuggetRush (NUGX) has merged P2E gaming perfectly with the crypto sector.

In the cryptocurrency world, October has earned the name 'Uptober' for its historical favoring of Bitcoin (BTC). 

While Shiba Inu's (SHIB) recent developments have not influenced its price, optimism surrounds its future. On the other hand, NuggetRush (NUGX) introduces a new concept, merging gaming with crypto, and emphasizes community involvement in its development journey. 

Can NuggetRush rise to match the potential of well-established giants Bitcoin and Shiba Inu? Let's discover it here.

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Bitcoin (BTC) Can Hit $35,000 Based On Historical Data

Historically, October, often dubbed 'Uptober,' has favored Bitcoin (BTC). This month started positively, with Bitcoin (BTC) hitting a six-week peak. If Bitcoin (BTC) breaches the $26,000 to $30,000 range it has held for the last six months, it might pave the way for a substantial rally.

Amidst a turbulent week in the cryptocurrency market, BTC remained stable near $28,300 on October 18, 2023. Nevertheless, a massive outflow of Bitcoin from exchange wallets was recorded.

According to data from Glassnode, a staggering $250 million worth of Bitcoin (BTC) left exchanges on October 16, followed by an additional $200 million on October 17.

On that note, within a few days, from October 14 to October 17, 16,000 BTC coins left exchange wallets. These withdrawals resulted in a significant drop in the overall Bitcoin holdings on these platforms.

With lots of speculation dominating the market, Bitcoin (BTC) was trading at $28,375 on October 19, 2023. Analysts expect BTC to keep rising to reach $35,000 by the end of October, powered by increased demand for the crypto. Hence, Bitcoin (BTC) is a good crypto to buy now.

Shiba Inu (SHIB): Unmoved Despite Developments on its Network

Bad Idea AI, an artificial intelligence project associated with Shiba Inu (SHIB), rolled out a significant 2.0 upgrade for its chatbot application. This update introduced new features aiming to improve user experience and functionality.

Elsewhere, Shiba Inu's (SHIB) layer-2 scaling solution continues to achieve remarkable milestones, accomplishing this in less than two months since its launch. Most recently, Shiba Inu's (SHIB) Shibarium surpassed 3.5 million total transactions and exceeded 1.2 million blocks, demonstrating its rapid growth and adoption.

Several analysts insist that the continued development of Shibarium stands among the main factors that could propel Shiba Inu's (SHIB) valuation higher. Additional elements include widespread adoption, positive market sentiment, regulatory certainty, and more, all contributing to Shiba Inu's (SHIB) potential growth.

Despite the developments, the price of Shiba Inu (SHIB) seems to have stagnated. On October 19, 2023, Shiba Inu (SHIB) was trading at $0.000006782.

Analysts expect SHIB to rise to $0.000007715 by the end of 2023, supported by developments on its network. This prediction makes Shiba Inu (SHIB) one of the best coins to invest in today. Finally, let's see whether NuggetRush is competitive.

NuggetRush (NUGX) Merges P2E Gaming with Crypto

NuggetRush (NUGX) is an innovative protocol that connects gaming with the dynamic crypto world. It presents an engaging Play-to-Earn (P2E) game, enabling players to earn NUGX rewards while enjoying one of the most captivating games with compelling storylines.

Launching on Ethereum, a reliable blockchain, NuggetRush (NUGX) leverages secure and established smart contracts, empowering players to monetize their gaming skills. Thus, players can use NuggetRush (NUGX) to transform their passion into earnings within a secure environment.

NuggetRush (NUGX) distinguishes itself in the crypto space by prioritizing its community throughout its development journey. The creators recognize the importance of cultivating a dedicated and enthusiastic user base to drive the project's expansion.

By involving NUGX holders in collaborative decision-making, the community actively shapes NuggetRush's direction. Committing to inclusivity, NuggetRush (NUGX) developers have announced their intention to give up control over their smart contracts, boosting the project's transparency.

Currently in Stage 1, this NuggetRush (NUGX) presale has already enjoyed massive success, with over 7.5 million tokens sold at 0.01 USDT each. NuggetRush's (NUGX) vision spreads far beyond the initial presale rounds, helping push the token toward a $100 million market value. Thus, it is the best crypto investment in 2023.

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