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TLDR
- Bitcoin’s price is consolidating post-Bitcoin ETFs, showing signs of bullish preparation, with predictions aiming for $45,000.
- Analysts expect Bitcoin to benefit most from ETF sales, potentially reaching $50,000.
- Meanwhile, NuggetRush, a meme coin, gains traction with its DeFi gaming and NFT platforms, attracting investors with enticing offerings and promising returns.
The price of Bitcoin (BTC) has been consolidating since the SEC’s decision on Bitcoin ETFs. Except for a few deviations that sent it below the $40,000 mark, Bitcoin’s price is printing patterns that suggest preparations for a bullish run. Last week, the token recovered by over 13%, climbing from around $38,000 and falling a few dollars short of $44,000. This move has sparked multiple price predictions, as BTC holders expect a push to $45,000.
The kickstarter for Bitcoin’s potential to hit expected prices is the ETF’s impact on crypto prices. Since the spot ETF launched, there has been market-wide bullish sentiment, and this optimism has pushed the price of multiple altcoins. Industry observers are confident that Solana’s (SOL) 36% climb last week resulted from the SEC’s decision on Bitcoin ETFs.Â
According to analysts, Bitcoin stands to gain the most from the sale of Bitcoin ETFs. Advantages include expansion and the inflow of more liquidity or trading activity. These phenomena are expected to ignite a Bitcoin upswing due to previous bullish prices, and $45,000 is one of them. The token’s journey to this key level is also very likely because the upcoming Bitcoin halving event is known to skyrocket the price of BTC, and current price action suggests it.
The price range BTC created when it recovered from below $40,000 could have triggered a selling frenzy, but there’s the big picture to consider. Despite the daily imbalance stretching from $41,396 to $40,288, analysts believe that the price of Bitcoin needs to close above $48,000 to maintain its push-up. In support of this outlook, the Relative Strength Index and the Awesome Oscillator hint at a surge.
BTC recently passed the 50 mean level and was tested as support. Price action also shows the AO pushing past the zero level, suggesting a shift to bullish momentum. These are bullish indications, and judging by these, Bitcoin could easily surpass the $45,000 mark and target $50,000. Analysts cautioned investors that a spike below $40,000 is not impossible, stating that it could trigger a steeper decline below.
NuggetRush (NUGX) Impresses Early Investors With Enticing Offerings
As crypto prices react to the launch of Bitcoin ETFs, one of the top performers is NuggetRush (NUGX). The high-performance meme coin has delivered an impressive 80% rally during its ongoing presale, and this success has dubbed it the best crypto investment for investors to make remarkable returns. NUGX jumped 20% to mark the beginning of its fifth presale round, which is impressive for an early-stage DeFi cryptocurrency platform.
NuggetRush houses some trendy features in its platform, ranging from a play-to-earn gaming experience to collections of the best NFTs to invest in. Through the game, players can make millions by mining for precious stones in the game and exchanging them for money. This approach can transform traditional mining, making it the best crypto investment, especially for real-life miners.
In addition to DeFi gaming, NuggetRush has been teasing its highly anticipated NFTs platform, which uses the in-game avatars as tokenized collectables that can be traded on the platform. NuggetRush’s most valuable collection is the rare RUSHGEMS NFTs that can be exchanged for real gold by the holder. There’s also a staking mechanism for holders to stake their NFTs. Earnings for this offering are pegged at a 20% annual percentage yield, making NuggetRush’s NFTs the best NFTs to invest in to earn passive income.
Since the NUGX token runs the platform’s offerings, investors are rapidly buying up the token. NuggetRush has sold over 168 million NUGX and raised over $2 million. The platform plans to list the NUGX meme coin on tier-1 exchanges at $0.020. Investors who get in at $0.018 during the fifth stage are set to earn over 11% after the crypto ICO, and analysts are optimistic that the token could slingshot NUGX to explosive heights.
Final Thoughts
The price performance of Bitcoin lately confirms that a push to $45,000 is likely, considering the bullish sentiment surrounding the token. Upcoming impact events and the ETF’s impact on crypto prices are also key reasons why a target for new highs looks possible. Meanwhile, NuggetRush has delivered exceptional performance since it launched. The remarkable growth of NUGX during the crypto ICO demonstrates the platform’s potential to take off immediately after launch, making it the best investment option.
Visit NuggetRush Presale Website
*This article was paid for. Cryptonomist did not write the article or test the platform.
