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Newcomer Pixels Plunges 18% Wiping Out Launch Day Profits

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TLDR 

 

  • The popular blockchain game Pixels introduced its token on February 19, experiencing a surge followed by an 18% drop despite optimism about its future. 

 

  • NuggetRush gains momentum as analysts tout it as a top meme coin with the potential for significant gains.

 

  • NuggetRush offers a unique play-to-earn experience merging gold mining, cryptocurrency, and real-world benefits.

 

The team behind the popular blockchain farming and social game Pixels (PIXEL) debuted its token on February 19 after conducting several play-to-airdrop campaigns and participating in a Binance Launchpool rewards program. Following the listing of PIXEL on the Binance crypto exchange, the token’s price surged by 17%. After the initial rally, the token’s value dropped by 18%, wiping out the PIXEL profits during its launch day.

Meanwhile, another altcoin making significant strides is NuggetRush (NUGX), with some analysts touting it as one of the top meme coins to consider with the potential for exponential gains. NuggetRush strives to offer an engaging and impactful gaming experience by blending entertainment, skill, and tangible real-world advantages. 

Players are rewarded with valuable in-game assets through the game while supporting artisanal miners in less developed nations. Let’s explore NuggetRush as a potential altcoin for significant gains and Pixel declining by 18% as it erases its launch gains.

>> Buy NuggetRush Now <<

NuggetRush (NUGX): Merging Exploration and Strategic Decision-Making for Tangible Real-World Rewards

NuggetRush, a new DeFi crypto built on the widely used Ethereum blockchain, ensures broad accessibility for users to engage with the ecosystem and partake in the game. This platform has the potential to yield maximum gain due to its integration of gold mining, cryptocurrency, and real-world artisanal mining in a unique play-to-earn game. This gaming experience merges the excitement of exploration and strategic decision-making with the potential for tangible real-world rewards. 

As one of the best altcoins to invest in, NUGX’s attractiveness hinges on its play-to-earn feature, collectible memes, and captivating visuals. Players engage in gameplay by overseeing their mining venture, beginning with a modest parcel of land and essential tools. They traverse a meticulously crafted virtual world, scouting for regions with valuable minerals.

One feature driving its potential for substantial profit is how GameFi revolutionized converting gaming rewards into real-world assets. Players can earn rewards via different channels, including tournaments, quests, battles, and ranked play, irrespective of their skill level or location. The game strives to position itself as the best DeFi crypto and an autonomous, income-generating community.

 

This new DeFi crypto partnership with gold providers makes its platform more appealing for investors seeking high returns in the market. These partnerships enable the direct shipment of RUSHGEM winnings to a miner’s chosen location. This strategy enhances the game as the best DeFi crypto to buy by offering tangible and esteemed rewards that hold significant value and create lasting memories.

With its NFT staking platform, NFT holders commit their assets to the system, much like traditional staking, to earn rewards based on the annual percentage yield (APY) and the number of NFTs staked. It’s important to note that NFT holders cannot sell their NFTs while staked. Also, NuggetRush contributes to society by directing a portion of the rewards and proceeds from in-game purchases toward supporting artisanal miners in underdeveloped countries. 

>> Buy NuggetRush Now <<

Pixels (PIXEL): A Social Casual Web3 Farming Game

The blockchain farming game Pixels is seeing a significant surge in activity, achieving a trading volume exceeding $1 billion as of February 20. Developed on the Ronin Network, this engaging social casual Web3 game utilizes PIXEL for internal transactions, governance, and participation in various in-game activities. 

 

Within the Pixels game, players employ PIXEL coins, the premium currency, to enrich their gaming experience through character purchases, upgrades, and customizations.

Following the introduction of its PIXEL token, the blockchain game Pixels initially experienced a 17% surge in value but subsequently plummeted by 18%, erasing its market gains. Despite this setback, analysts remain optimistic about the future of Pixels. 

As previously reported by crypto.news, Pixels disclosed a 20 million PIXEL airdrop for users who staked Ronin’s RON token, further encouraging engagement with the network.

 

Conclusion

Despite Pixels’ plummeting price, experts anticipate a further surge given its unique proposition. On the other hand, NuggetRush is gaining traction as a substantial investment for those looking to boost their portfolios. Among the altcoins on the market, NuggetRush distinguishes itself with its unique play-to-earn game that incorporates real-world rewards. For those who want to maximize profit in 2024, investing in NUGX could be the best decision. With the presale ongoing, you can seize this opportunity by purchasing the token via the website.

 

Visit NuggetRush Presale Website



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Press Release

South African Regulator Grants Approval to 59 Crypto Platforms

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South African financial regulator, the Financial Sector Conduct Authority (FSCA), has granted approval to 59 license applications from crypto platforms seeking to offer services to residents. 

During a financial conference, Felicity Mabaso, the FSCA divisional executive, revealed that the regulator received a total of 355 license applications, with 262 still pending.

In response to this influx, the FSCA set a deadline of November 30 for exchanges and cryptocurrency platforms to submit license applications or face enforcement measures. 

FSCA Commissioner Unathi Kamlana explained that the application processing is ongoing and being carried out gradually due to the high number of applications.

FSCA Uses South Africa’s Existing Regulations 

The FSCA has chosen to utilize South Africa’s existing Financial Advisory and Intermediary Services Act (FAIS) to regulate the crypto sector. 

According to Commissioner Kamlana, the FAIS provides a robust framework that covers crucial aspects of the crypto business, including user protections and enforcement actions when necessary. 

However, Kamlana acknowledges the possibility of future adjustments.

See Also: Hong Kong Approved Spot Bitcoin And Ethereum ETFs

“As we license and supervise, we will discover that perhaps there are gaps that cannot be closed by the existing regulatory framework, the FAIS Act. And we might need to build on that as we discover what those are.”

While specific details about the approved companies have not been disclosed, it is expected that the licensed entities include crypto exchanges and firms offering custody services. 

Regulatory oversight will also extend to crypto brokerage firms and payment processors involved in cryptocurrency transactions.

South Africa Considers Creating New Regulatory Framework

South Africa has been actively considering the creation of a new regulatory framework for the crypto industry since 2021. 

In 2021, the FSCA published a paper highlighting that crypto assets will be brought into the South African regulatory purview in a “phased and structured manner.”

Although the framework was initially expected to be completed by the end of 2022, the South African Reserve Bank (SARB) has already declared cryptocurrencies as financial assets rather than currencies. 

The FSCA aligns with this classification, stating that digital assets should be treated as financial products.

South Africa’s approach towards cryptocurrencies has become more proactive as adoption gradually increases. 

A survey conducted in 2017 revealed that 47% of South Africans had either invested in cryptocurrencies or expressed an interest in doing so. 

Additionally, Bitcoin wallet downloads in the country experienced a 100% increase in the same year. In 2020, crypto exchange Luno reported that South Africa had the third-highest level of crypto ownership worldwide, reaching 13%.

Meanwhile, as crypto adoption continues to rise, South African companies are actively embracing cryptocurrencies. 

Stitch, a South African payments infrastructure firm, introduced “Pay with Crypto” last year, enabling customers to use cryptocurrencies for purchases. 

Paycorp, another company, developed the CryptoExpress app, allowing individuals to withdraw crypto in South African Rands at over 3,000 ATMs.

Last week, cryptocurrency exchange Luno became one of the first firms to receive a license from the FSCA in South Africa, allowing the exchange to operate as a financial services provider in the country.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN





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Press Release

Doctor Doge (DRDOGE) Rally Over 8,000% Within 48 Hours

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  • Doctor Doge (DRDOGE), a newly launched Solana meme coin, is set to go viral and rally over 8,000%, challenging other popular dog-themed coins, like Shiba Inu (SHIB) and Dogecoin (DOGE).

It’s not surprising that many investors who bought SHIB and DOGE early are also investing into DRDOGE in the first hours and days of it being launched.

People who invested into Shiba Inu (SHIB) and Dogecoin (DOGE) while these coins had small market caps were able to turn hundreds of dollars into millions.

Doctor Doge (DRDOGE), a newly launched Solana meme coin, is set to go viral and challenge other popular dog-themed coins, like Shiba Inu (SHIB) and Dogecoin (DOGE).

DRDOGE was launched this morning, and the meme coin is inspired by Dogecoin – one of the largest meme coins, with its market cap currently being $23.5 billion.

See Also: Solana Releases Update To Alleviate The Ongoing Network Congestion

Due to the fact that Doctor Doge only began trading on decentralized Solana exchanges like Raydium and Jupiter around an hour ago, it has a market cap of just around $16,000.

This means that DRDOGE (contract address: 8uckaPYZWDs57Lm5eeEVnx4FGJDLhXuvrmryzKj7yUvv) has the potential to turn early investors into millionaires if its market cap eventually exceeds the $100 million mark.

In the short term, DRDOGE is set to rally over 8,000% in the next 48 hours, before then targeting further gains.

Additionally, numerous listings on centralized exchanges are planned for Doctor Doge later in April, and these listings could easily propel the memecoin’s market cap to above $20 million.

So it’s not surprising that many investors who bought SHIB and DOGE early are also investing into DRDOGE in the first hours and days of it being launched.

It will be exciting to watch how quickly Doctor Doge’s price will surge in the coming days and weeks, and to see if it can become a mainstream memecoin.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



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Whales Are Buying Ethereum Like Crazy Amid ETH Price Drop

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  • Amid notable drop in Ethereum’s price, prominent market whales are actively buying Ethereum like crazy.

In the midst of heightened global tensions, the cryptocurrency market witnessed a significant downturn, with the TOTAL index plummeting by a staggering 17% over the weekend, marking a loss of nearly $430 billion in market capitalization. 

While this turbulence affected all digital assets, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, took a notable hit, experiencing an 18.43% decline, reaching a low of $2,852 per Ethereum.

Bitcoin and Ethereum ETFs Officially Approved In Hong Kong

However, amid the market chaos, a fascinating trend emerged – prominent players in the crypto sphere, often referred to as “whales,” showed unwavering confidence in Ethereum’s potential. Notably, large addresses were observed accumulating substantial amounts of ETH during the price drop. 

See Also: Crypto Whales Sold Holdings Before the Market Crash

Whale Activities

One such whale, identified as “0xE34,” seized the opportunity to accumulate 1,000 ETH, worth approximately $3.15 million, from Binance at the market’s lowest point. 

This particular address went on to accumulate an impressive 8,300 ETH, valued at around $25.12 million.

Furthermore, another significant player, a wallet associated with Matrixport, made a decisive move by withdrawing 16,300 ETH, amounting to a staggering $51.1 million, from Binance amid the market turmoil. 

This wallet has been consistently withdrawing ETH from exchanges since March 29, accumulating a total of 67,286 ETH, valued at approximately $228.33 million, at an average price of $3,393.

Matrixport, a prominent player in the crypto financial services sector, has been actively involved in facilitating digital asset management and trading for institutional and retail investors globally.

These substantial purchases of Ethereum during a period of market instability highlight the confidence of several major players in the potential of the leading altcoin. 

Despite geopolitical uncertainties and market volatility, Ethereum continues to maintain bullish sentiment among key holders.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN





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