Bitcoin

Bitcoin Accumulation Trend Hits 3-Year High As Cardano and NuggetRush Show Positive Signs

2 Mins read

As a major bull market is speculated for Bitcoin (BTC), investors have been on an accumulation spree, with purchases reaching a three-year high.

Currently, Cardano (ADA) and NuggetRush (NUGX) have emerged as interesting coins as well.

>> Visit NuggetRush Presale <<

Bitcoin (BTC) Accumulation Trend Hits 3-Year High

Although January offered a mix of bullish and bearish sentiments, crypto investors appear to be expecting a major bullish trend in 2024. This can be seen as Bitcoin records its biggest accumulation streak in over three years.

As reported by Ali Martinez, the Accumulation Trend Score of Bitcoin has remained near 1 for the past four months. This, he notes, reflects a growing confidence in Bitcoin. It is also one of the Bitcoin ETF market effects, as 67 new entities have gulped up over 1,000 BTCs in just two weeks.

This accumulation also comes just weeks before the fourth Bitcoin halving event. Although BTC has been hovering around the $43,000 level, many experts expect its price to top $100,000 before the end of 2024.

NuggetRush (NUGX) Emerges as a GameFi Market Alternative

With Bitcoin leading the way, the rest of the crypto market tends to follow. In the GameFi market, NuggetRush (NUGX) has emerged as an interesting alternative because of its unique attributes.

The game was based on the famous gold rush model. Players will enter the hyperrealistic virtual world in search of gold and other precious metals. They will build their mining operation as they search for these treasures. The game requires mining knowledge, which would be provided by some of the coolest NFTs in the gaming space.

The greater the knowledge and equipment a player has at his disposal, the better their chances of finding these treasures, which can be converted to real gold and cash.

Players can also receive the ERC20 coins of the platform NUGX for their accomplishments. NUGX is priced at $0.018 per coin during its presale.

>> Visit NuggetRush Presale <<

Cardano (ADA) Could Surge By 40% in the Coming Weeks

Cardano (ADA), like most of the crypto market, struggled in January. The altcoin dropped more than 20% of its value in January alone. Despite its poor start to the year, market analyst and trader Crypto ZX has said that things could change in the coming weeks.

The analyst has noted that ADA could experience a 40% breakout if it manages to hold above the $0.4500 support in the coming days. If this happens, then the altcoin price could recover the $0.600 resistance for the first time since mid-January.

The Bitcoin accumulation trend, at a 3-year high, presents a bullish outline for the crypto market. Cardano and NuggetRush have emerged as altcoins to watch as well.

Visit the NuggetRush Presale Website

Disclaimer: CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).



Source link

Related posts
Bitcoin

Fetch.ai Price Prediction: FET Leads AI Crypto Rally With 25% Surge, But Experts Say Consider This AI Meme Coin For Parabolic Gains

3 Mins read
Join Our Telegram channel to stay up to date on breaking news coverage The Fetch.ai price surged 25% in the past 24…
Bitcoin

Marathon Digital Reports Revenue Increases of 452%

2 Mins read
U.S.-based Bitcoin mining behemoth Marathon Digital has published its quarterly earnings report and has beaten analyst predictions by a good margin. Paradoxically,…
Bitcoin

Top Crypto Gainers Today March 01 - Sui Crypto, BitTorrent, UNUS SED LEO, Synthetix 

6 Mins read
Join Our Telegram channel to stay up to date on breaking news coverage Today’s top crypto gainers, Sui Crypto, BitTorrent, UNUS SED…

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *