- ETH bears expect drops under $2,100 by the end of January 2024.
- NuggetRush holders are looking at 33.33% gains by the end of the presale.
Ethereum’s (ETH) declining performance has led to the impressive rise of NuggetRush (NUGX) as one of the most promising fresh contenders in the wider crypto market. Let’s take a closer look at what ETH and NUGX have to offer and find out which of these tokens could be the best cryptocurrency to invest in today.
Will Ethereum Continue its Downward Trend in 2024?
Crypto analysts point to Ethereum as a risky investment for the following term due to ETH’s increased selling pressure and substantial price volatility. According to a recent Ethereum price forecast, ETH could decrease beneath the $2,100 threshold by the end of January 2024. For reference, ETH traded at around $2,350 during the last week of December 2023, meaning that ETH investors should brace for a 10.63% drop.
Conversely, Ethereum supporters praise ETH as the top crypto to buy today because of multiple factors, such as Ethereum’s high developer activity and excellent growth potential. Hence, some experts have predicted that ETH could approach the $2,600 range by February 2024.
In addition, Ethereum bulls point to the extensive utility of the Ethereum Virtual Machine (EVM) and the numerous decentralized applications within Ethereum’s vast ecosystem. Thus, some crypto enthusiasts suggest ETH as a viable long-term investment that enables users to expose their portfolios to various asset classes.
Furthermore, Ethereum co-creator Vitalik Buterin recently proposed a solution that could simplify Ethereum’s PoS consensus implementation. As Buterin stated in an X post published on December 27, a new design that would require only 8192 signatures per slot could bring about numerous benefits to ETH users and stakers.
NuggetRush Builds Momentum as a Highly Rewarding Play-to-Earn Game
NuggetRush (NUGX) is a groundbreaking P2E blockchain-based game that offers a unique foray into the exciting world of mineral mining. NuggetRush players receive a customizable avatar and the necessary equipment to gradually transform their small land plot into a lucrative mining empire.
Additionally, NuggetRush gives users the chance to collaborate with advanced mining experts and other NuggetRush players in order to maximize their in-game earnings. However, these earnings aren’t exclusive to the NuggetRush ecosystem and can be used for outside trading.
Furthermore, NuggetRush players can collect character NFTs, mineral deposits, and numerous rare NFTs such as RUSHGEMs, and eventually swap them for actual gold. On top of that, NUGX users can purchase and sell NFTs at NuggetRush marketplace and extract outstanding rewards through the platform’s NFT staking.
NUGX is built atop the powerful Ethereum network and boasts a total supply of 500,000,000 NUGX tokens. NUGX is currently at Round 4 of the NuggetRush presale, available for just $0.015. Thus, NUGX adopters are looking at remarkable 33.33% gains when NUGX soon reaches the $0.02 target.
The incredible NUGX token has already gained recognition as one of the best altcoins to buy today on the strength of its impressive real-world utility. Additionally, NuggetRush recently launched its smart contract address and completed its audit.
Experts believe that NuggetRush could parallel the success of industry giants like Ethereum (ETH) following the official launch of NUGX, so don’t hesitate to diversify your portfolio with NUGX today.