- A former BitMEX CEO is urging investors to capitalize on current macroeconomic conditions by investing in Bitcoin (BTC).
- Chainlink (LINK) has added an Unbonding feature and Liquid rewards to its network.
- NuggetRush (NUGX) is exciting investors with its 100% increase. Yet, analysts say its contribution to gaming is more valuable.
Former BitMEX CEO is pitching his tent with Bitcoin (BTC) and advising others to do the same. His reasons include excitement around possible Spot BTC ETFs. But will that be enough to spur a BTC rally?
Elsewhere, Chainlink has just upgraded its staking protocols. Analysts believe the staking upgrades could spur a bullish rise for LINK. However, they seem more confident in NuggetRush’s (NUGX) growth. NuggetRush is a mining game with multiple and unique pathways to earning money. But can NUGX become a top ICO project? Let’s discuss.
Arthur Hayes Expects Bitcoin’s (BTC) Rise To Continue
Former BitMEX CEO Arthur Hayes has advised investors to increase their bullishness on Bitcoin. According to Mr Hayes, the ongoing conflict in the Middle East has worsened inflation in many countries. He further predicted that the new economic reality will increase demand for deflationary assets like Gold and Bitcoin (BTC).
The changing economic landscape coincides with rising bullishness that has increased Bitcoin’s trading activity in October. BTC was trading at $27,983 on October 1. However, BTC had increased by 23.2% to $34,502 by October 30.
BTC’s rise could be due to excitement around applications for Spot Bitcoin ETFs. Crypto experts say Bitcoin Spot ETFs could rapidly boost institutional adoption in the crypto market. They say approval of Spot Bitcoin ETFs will increase regulatory oversight in the market. If approved, BTC could jump by 15.4% to $39,832.
On October 23, 2023, Chainlink (LINK) upgraded its staking mechanism. Following the launch of Chainlink’s Staking v0.2 program, users will enjoy more control, security, and transparency. Some of the features of Chainlink’s new upgrades include the Unbonding Mechanism and Liquid Rewards.
The Unbonding mechanism will allow Chainlink (LINK) stakes to withdraw their tokens anytime without penalties. Chainlink (LINK) would also enable stakers to withdraw their rewards as soon as they are available.
The excitement around Chainlink’s rewards could be behind LINK’s recent bullish performance. LINK was trading at $7.47 on October 2. However, five days after Chainlink launched its staking upgrades, LINK jumped by 50.4% to $11.24 on October 30.
Chainlink (LINK) is already one of the top DeFi projects. However, analysts say upgrades to its staking mechanism can significantly improve its network demand. They conclude that the recent upgrades could boost LINK by 29.2% to $14.53.
NuggetRush (NUGX) Launches Play-to-Earn Mining Adventure
NuggetRush (NUGX) was specially created for P2E gaming lovers tired of traditional options. The game offers a refreshing approach to play-to-earn gaming that tests a player’s decision-making and resource-management skills. Its gameplay is realistic, fun, and challenging. It also offers multiple rewards with significant financial value.
On NuggetRush (NUGX), players are tasked with building and expanding a mining operation. Players initially receive a few character NFTs and limited machinery to embark on their mining operations. These character NFTs contain miners with years of experience and professional entrepreneurs.
As players progress, they receive character NFTs with higher skills and better machinery. They can also purchase better characters and machinery on NuggetRush’s (NUGX) marketplace. There are also special NFT characters called RUSHGEMS.
Players can swap their RUSHGEMS for gold, which NuggetRush (NUGX) will deliver to any chosen location through its partnerships.
Given the high excitement around NuggetRush, many investors are surprised to learn that the project is yet to launch. NuggetRush’s blockchain ICO is still ongoing. NUGX is currently in Stage 2 of its presale, valued at $0.012.
However, most investors are looking toward the end of the presale, when NuggetRush’s value is expected to rise to $0.020, and the game will launch.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.