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Spotlight Ready: Crypto Newcomers Set To Eclipse Solana

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  • Solana’s price continues to linger below the market’s midpoint, with the downtrend showing more strength. 
  • NuggetRush begins launchpad sales after completing the 5th round of presales. 
  • NUGX and BONK fight for popularity as they seek to outrank Solana.

 

The crypto space has expanded, with new coins taking center stage. Despite Solana’s (SOL) exceptional performance in late 2023, the digital currency is unstable. Its fluctuating price level ushers newcomers like NuggetRush (NUGX) and Bonk (BONK) for a refreshing investment experience.

As NuggetRush sets up operations, it comes with an exceptional gold-mining gaming strategy. NUGX’s GameFi model seeks to allow users to mix fun with wealth. Users discover RUSHGEM NFTs within the platform and exchange them for valuable assets like gold. Its vision for wealth creation makes NUGX the top crypto to buy for huge benefits. 

This article will discuss NuggetRush and Bonk as they set out to eclipse Solana.

>> Buy NuggetRush Now <<

 

NuggetRush (NUGX): Offering a New Gaming Experience For Users

NuggetRush is a meme token built on the  Ethereum network to provide a secure, transparent, and rewarding peer-to-peer (P2P) gaming experience. As the first community-owned token, the platform ensures that decision-making and data control are restored to users. Its ability to combine crypto technology, gold mining, and real-world artisan mining into an online gaming platform makes NUGX the top crypto to buy for high financial gains. 

NuggetRush, like other altcoins, uses NUGX as its governance token to allow Guild members to access exclusive content and vote on project proposals. This, along with its Smart Contract audit, completed by SolidProof, builds confidence among NUGX holders. In addition, the platform allows players to either stake their mined NFTs or exchange them for real-world assets. Either of the two options will enable players to make tangible income. 

NUGX is among the new DeFI projects that have recorded massive success in their presale. While already done with the 5th round presale and now selling at the launchpad round, the platform has sold over 199 million tokens. Projecting an expected launch price of $0.020 with the potential for a significant rise, NUGX might sit above already existing coins in the market.

>> Buy NuggetRush Now <<

 

Solana (SOL): Supporting The Creation of Decentralized Projects

After being officially launched in 2020, Solana has grown in popularity as an open-source project supporting the creation of decentralized applications (DApps). SOL has gained massive interest from small-time and institutional traders over the years. Unlike most altcoins, Solana combines proof-of-history (PoH) and proof-of-stake (PoS) consensus to provide a seamless and scalable blockchain. 

SOL’s inability to ascend further has created concern among holders. The digital currency sits on a support level of trading with a bearish bias. Since mid-February, Solana has recorded a series of lower highs and lower lows, with the downtrend dropping between $79.49 and $126.27 in the market range. 

 

Bonk (BONK): Riding On The Wave of Large Community Support 

The launch of Bonk has witnessed massive support following its airdrop campaign. The dog-theme memecoin combines Solana’s proof-of-history (PoH) and proof-of-stake (PoS) for a seamless transactional experience. BONK’s primary goal is to bring back liquidity to Solana-based decentralized exchanges (DEXs). 

BONK has grown in traded volume since being listed across many exchanges, reaching $63.51 million. Like other memecoins, Bonk’s massive performance is backed by a large amount of community support. Bonk has gained over 350 on-chain integrations built across many verticals. 

 

Conclusion

The rise of newcomers in the crypto market is overwhelming. As seen by NuggetRush and Bonk, both are dedicated to taking over the market as they increase in popularity. While SOL experiences price fluctuation, NUGX’s innovative and rewarding gold mining gaming platform makes it appealing for investors to buy even at its early stage. As one of the new DeFi projects in the space, NUGX is committed to ensuring that every buyer experiences a smooth buying process by allowing multiple coins like USDT, ETH, and BNB for the purchase of presale tokens.

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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