TLDR:
- CriptoPaul has shared a chart showing that the parabolic phase for altcoins is yet to come.
- Ethereum and Avalanche are two top altcoins poised for a new ATH in this phase.
- NuggetRush (NUGX) is a new project gaining momentum for a breakout rally.
Criptopaul, a popular crypto analyst, has explained why altcoins have not experienced their parabolic phase yet. The analyst explained that in previous bull cycles, Bitcoin reached a new all-time high before other altcoins.
The chart showed that the altcoin market experienced a parabolic increase after BTC hit its ATH in 2020. With the same pattern expected in 2024, Ethereum, Avalanche, and NuggetRush have emerged as three of the top altcoins to watch.
Innovative GameFi Platform, NuggetRush (NUGX), To See Big Gains
NuggetRush (NUGX) is a new GameFi platform gaining traction for innovatively merging blockchain gaming with play-to-earn, NFTs, staking, and meme culture. The game features an exciting game experience where players will build their mining operations, employ staff, and manage their equipment as they go in search of gold and other precious minerals.
The rewards players earn in the virtual world can be converted to real cash, gold, or NUGX coins. Players who are lucky enough to find the trending NFTs, RUSHGEM, can also stake them for additional passive income. In addition to being one of the most innovative new games, NuggetRush will extend its reach into the real world.
The team has announced a social impact project, which will see NuggetRush reward poor artisanal miners in underdeveloped countries. Following one of the most successful crypto ICO phases, where NuggetRush raised over $3.8 million, the project is preparing to launch its GameFi ecosystem soon.
With the launch of the NuggetRush coinciding with the bullish market, NUGX easily becomes one of the best cryptos to buy now. While the NUGX token will be listed at $0.020 after its airdrop in less than two weeks, its price could go as high as $1.50 before the end of the year.
Ethereum (ETH) Backed To Hit New All-Time High Soon
Ethereum (ETH) has performed decently in 2024, increasing by approximately 60%. However, Criptopaul noted that Ethereum, unlike Bitcoin, is not even close to its ATH. Fortunately, he explained that the ETH/BTC bottom has been confirmed, preparing the leading altcoin for a major price increase.
In the altcoin season, he expects Ethereum to outperform Bitcoin. The potential approval of spot ETFs for ETH could provide a much-needed bullish boost for ETH. Standard Chartered has predicted that an approval could push the price of Ethereum to a new ATH of $8,000, making it one of the top crypto coins to buy now.
Avalanche (AVAX) To Extend Gains in the Coming Months
After a slow start to the year, Avalanche (AVAX) picked up the pace in March, rallying from $41.00 to a yearly high above $60.00. Although the altcoin price has retraced to the $46.00 range, crypto analysts remain bullish about Avalanche’s future.
Avalanche has been steadily growing the meme community on its network, building one of the most active blockchains. The Avalanche Foundation has also invested in mining and other initiatives. Amidst the growing activity of Avalanche, CoinCodex has predicted that AVAX will hit a new ATH of $150 before the end of the second quarter.
Closing Thoughts
With the parabolic phase still on the way for altcoins, there are several cryptocurrencies worth paying attention to. NuggetRush, Ethereum, and Avalanche are some of the bullish altcoins worth watching. However, NUGX remains the best crypto to invest in now given its innovative GameFi platform is preparing for its debut.
