TLDR:
With the altcoins recovering from the recent crypto crash, there has been an increase in whale activity across the market. The three top altcoins currently experiencing a whale-buying frenzy are Shiba Inu (SHIB), Ripple (XRP), and NuggetRush (NUGX). The rise in whale activity is a pointer to the growing bullish sentiment around these coins.
NuggetRush (NUGX) is a new free-to-play, skill-based game gaining massive traction in the GameFi space. The massive surge of interest from P2E gamers helped NuggetRush raise over $3.8 million during its blockchain ICO phase. Whales have also snapped up over 270 million NUGX tokens in anticipation of a big price jump.
While the recent Bitcoin halving adds to the bullish sentiment of NuggetRush, the NUGX tokens were recently listed on Uniswap at $0.020 and airdropped to users. These events and the exciting artisanal mining game of NuggetRush contribute to why whales expect the NUGX ERC20 coins to experience a rally to $1.00 before the end of the year.
The NuggetRush game gained popularity for its profitability via in-game rewards, challenges, NFT staking opportunities, and enhanced user engagement. These features make NUGX one of the top gaming tokens to buy. The hype from P2E gamers about NuggetRush is because of its potential to allow players to generate a steady stream of passive income.
In addition to its gaming rewards, NuggetRush allows players to create and sell popular NFTs on its dynamic marketplace. There’s an even more special NFT collection that can be earned via the gameplay, RUSHGEM. Holders of these NFTs can convert them to real gold or stake them for APYs of up to 20%, making NuggetRush one of the most attractive new DeFi projects.
In the recent crypto crash, the price of Ripple (XRP) tumbled from $0.62 to as low as $0.43. Amidst this decline, the popular analyst Ali Martinez has reported that over 31 million XRP was bought by whales in just the past week alone.
The surge in whale activity highlights the growing bullish sentiment around Ripple. Already, the altcoin price has increased by 14% in the last week to recover above $0.550. Likes these whales accumulating XRP coins; several analysts, including Martinez, are bullish that Ripple could cross $1.00 in the coming weeks.
In a notable bullish development, the price of Shiba Inu (SHIB) has broken above a multi-week symmetrical triangle pattern. This breakout could make Shiba Inu one of the top bullish memecoins, as it suggests SHIB could rally from its current range at $0.00002700 to as high as $0.0000500. With this price swing looming, whales are currently on a SHIB buying spree.
Data from Etherscan shows that a new wallet address added more than 237 billion Shiba Inu tokens to their portfolio in anticipation of a price surge. CryptoQuant has also reported that the SHIB exchange reserve has dropped to 150.7 trillion, suggesting investors are bracing for a potential rally.
The recent activity of whales around Shiba Inu, Ripple, and NuggetRush suggests that these altcoins are gearing up for a big price move. While all three are expected to record significant gains, NuggetRush’s reputation as the next big thing in GameFi means NUGX is the best new crypto to invest in now.
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