Early investors of Ethereum and Cardano considering new crypto project
- Early ETH and ADA investors are considering NuggetRush
- With no buy/sell tax, collectible NFTs, and strategic partnerships, NuggetRush can carve market share in the gaming industry.
- Ethereum’s decline prompts investors to diversify, while Cardano’s price dip after collaboration with Kraken seems to have triggered more outflow to NuggetRush.
Investors who previously supported Ethereum and Cardano appear to be considering a new crypto project, NuggetRush (NUGX). These investors have reportedly been accumulating NUGX in the ongoing presale.
NuggetRush offers real-world rewards and opportunities for players worldwide. The project features collectible NFT characters, providing a sense of novelty and value. Additionally, the absence of buy-or-sell tax and a smart contract audit by SolidProof may explain rising interest.
This article explores why early investors of Ethereum and Cardano are looking at NuggetRush.
NuggetRush: transforming crypto gaming hubs with staked NFTs and rewards
NuggetRush is a platform that combines gold mining, crypto, and real-world artisanal mining in a play-to-earn (P2E) game. The project launched on Ethereum and offers easy access for users.
The game includes various characters that act as game pieces and collectible memes. NuggetRush aims to partner with gold providers who can ship RUSHGEM winnings directly to miners.
This strategy adds a tangible and prestigious element to in-game rewards.
The game also includes a staking feature that allows NFT holders to lock assets in the system, receiving rewards based on the annual percentage yield (APY) and the quantity of staked NFTs. This mechanism prevents owners from selling their NFTs during the staking period.
NuggetRush’s game also incorporates a player-driven marketplace where users can sell or trade character NFTs, rare items, and mined materials.
Additionally, a percentage of rewards and in-game purchases contribute to supporting artisanal miners in underdeveloped countries.
This provides income to over 100 million people engaged in informal mining activities in developing nations.
NuggetRush’s holistic approach reflects its commitment to driving gaming innovation and social impact.
State of Cardano prices
On Nov. 12, 2023, Charles Hoskinson, the creator of Cardano, publicly expressed interest in collaborating with Kraken, a major U.S.-based crypto exchange.
The partnership is focused on advancing the development of Cardano’s layer-2 solution. It aligns strategically with Kraken’s search for a suitable blockchain partner.
This update positively impacted ADA prices, which rose from $0.37 to $0.39 within 24 hours.
Even so, the upward trend was short-lived, and between Nov. 12 and 18, ADA prices fell 10.26%, dropping from $0.39 to $0.35.
Ethereum investors diversify
Ethereum enables functionalities like smart contracts, which automatically execute under predefined conditions, and non-fungible tokens (NFTs).
ETH prices fell in early 2023, affecting investors and their portfolios.
Consequently, early ETH investors looking to diversify their portfolios are looking at other high-growth projects.
Conclusion
NuggetRush aims to reshape the GamiFi industry through its technology and features.
Its play-to-earn gaming platform includes accurate word rewards, which make it a potentially valuable addition to any portfolio.
Early investors of ETH and ADA are exploring NuggetRush, with some considering the token in the ongoing presale.
Visit the NuggetRush presale website
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
