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Bitcoin (BTC), the world’s flagship cryptocurrency has regained its bullish momentum it appears, as the price of BTC has once again surpassed $44,500. Ether (ETH) is also back above the crucial $2,400 region, as the NuggetRush (NUGX) play-to-earn meme game secures $2.1 million in its ongoing public presale.
Bitcoin (BTC) Reclaims $44.5k
It will be recalled that the United States Securities and Exchange Commission (SEC) greenlighted the country’s first spot Bitcoin exchange-traded fund (ETFs) last month, with the offerings of large firms like BlackRock, Grayscale and others hitting the ground running.
While the spot Bitcoin ETF launch was initially expected to trigger a massive rally for the orange coin instantly, the reverse was the case, as the ETF approval acted like a “sell the news” event, with the Bitcoin price crashing to as low as $38,555 in January.
Fast forward to February and the negative volatility triggered by the Bitcoin ETF launch is losing its hold. At the time of filing this report, the price of BTC is hovering around the $44.6k region, representing a 6% gain this week.
Ethereum Back Above $2.4k
Home to more than 3,000 decentralized applications (dApps), Ethereum remains the largest smart contracts blockchain and the second biggest cryptocurrency by market capitalization, dwarfed by only BTC.
Priced at a meagre $0.31 during its initial coin offering, Ether (ETH) has achieved much success over the past 8 eight years, including its transition to the energy-efficient proof-of-stake consensus algorithm.
On Jan. 7, reports emerged that Prometheum, a U.S.-regulated broker, is launching its Ethereum custodial product, with plans to add support for more digital assets in the future. The news has attracted mixed reactions so far, with some observers arguing that the move could force Gray Gensler’s SEC to label Ether as a security token.
At press time, Ether (ETH) is exchanging hands for $2,423, with a market capitalization of $291.4 billion, according to CoinGecko.
NuggetRush (NUGX) Presale Hits $2.1M
While meme coins of the past offered zero utility, that narrative is fast changing, as more and more projects are now bringing to life meme assets that serve multiple purposes rather than just being a “joke.”
One of such projects is NuggetRush (NUGX), a new play-to-earn (P2E) meme non-fungible token (NFT) game built on the Ethereum blockchain.
According to its whitepaper, NuggetRush (NUGX) is a community-owned P2E game that mixes Impact Gaming and GameFi with meme culture.
The NuggetRush meme coin and P2E gaming platform claim to be focused on restoring gamers’ control over their in-game assets, while offering them decision-making privileges and supporting deserving causes in the society.
NuggetRush brings together the thrill of discovery, strategic thinking, real-world rewards and more, to offer gamers an exciting gaming experience.
The NuggetRush presale is live now, with the price of each NUGX token pegged at $0.020 during the current phase. The project has sold a total of 171,764,624 units of NUGX token so far, raising over $2.1 million.