TLDR:
- A Shiba Inu whale has accumulated over 332 billion SHIB tokens.
- Deribit, the largest crypto options exchange, has launched an altcoin option for Polygon.
- NuggetRush funds raised have increased to $2.9 million.
A Shiba Inu whale has accumulated 332 billion SHIB tokens recently, sending positive momentum across the crypto market. Additionally, Deribit has unveiled options for Polygon (MATIC).
Meanwhile, NuggetRush’s presale raised has reached $2.9 million, increasing from $2.5 million in less than a month. This massive increase shows that investors are bullish on the project and are joining its crypto ICO.
NuggetRush (NUGX) Cryptocurrency ICO Gains Traction, $2.9M Raised
NuggetRush (NUGX), a recent newcomer in the GameFi space, aims to cultivate an immersive gaming community with social impact. Alongside providing rewarding gameplay, the platform supports artisanal miners in developing nations.
NUGX token holders earn rewards through tournaments, battles, quests, and ranked play. Notably, NuggetRush integrates with gold merchants to directly benefit miners with RUSHGEM awards. The game also boasts the coolest NFT characters for added collectibility and engagement.
Driven by FOMO, investors have eagerly bought over 225 million NUGX tokens and raised $2.9 million. With its price rising from $0.018 to $0.019, experts foresee a potential surge to $0.1. This potential makes NuggetRush’s NUGX the best cryptocurrency to buy now.
Shiba Inu (SHIB) Whale Accumulation Increases
Shiba Inu (SHIB), the second-largest meme coin by market cap, has produced a year-to-date gain of 215.5%. This comes after Shiba Inu produced a bullish price movement at the beginning of March.
This bullish price movement pushed the price of Shiba Inu from a low of $0.00002835 to a high of $0.00004306, making it one of the top altcoins in the market. However, Shiba Inu has faced some price corrections, such as a 17.6% drop in the weekly price chart.
Yet, it is still up 237.3% on the monthly chart and has seen a large accumulation of whales. Whale Alert revealed that 332.42 billion SHIB was amassed from Cumberland, a crypto trading platform, on March 11th. This accumulation showcases the whale’s strong confidence in the asset.
Deribit Launches Altcoins Options for Polygon (MATIC)
Deribit, the world’s largest crypto options exchange, has announced three altcoins options: Polygon (MATIC), Solana, and XRP. These new altcoin option markets will use USDC as the settlement currency.
Amid the news, the Polygon coin is up 4.0%, 12.3%, and 36.1% on the weekly, two-week, and monthly price charts. In terms of price movement in the past week, Polygon rose from a low of $0.9869 to a peak of $1.25.
This places Polygon above the 50-day SMA ($0.914882) and 200-day SMA ($0.811787), a sign that bulls are leading the market. Another sign that bulls are in charge is the 14-day RSI, which is at 69.7, which supports the potential for more price gains.
Final Thoughts
While Shiba Inu and Polygon are top crypto coins in the market, analysts believe NuggetRush is also a worthy option. They cited the growing interest in the gaming sector as a major catalyst that could propel NuggetRush’s gaming platform to new heights.
Also, they highlighted the earning opportunities that NuggetRush offers its users. This makes it a top crypto to buy for old and new investors.
