A new gaming token, NuggetRush, which entered the crypto space recently with its crypto ICO, has become a major attraction, selling over 188 million tokens. Analysts have evaluated the prospects of the gaming token and believe it can rival the best altcoins like Cardano and Toncoin. Let us find out.
NuggetRush (NUGX), one of the new DeFi projects, has gathered huge attention with its gaming platform that entertains and offers rewards to gamers.
This play-to-earn initiative promotes community engagement by blending gaming with financial concepts, allowing players to boost their income while gaming. The platform features a gold mining game that delivers a multifaceted experience for users.
In NuggetRush, players go on a mining journey with a plot and basic tools necessary for conducting preliminary surveys and evaluations to search for mineral-rich areas. Participants can use machinery, construct tunnels, and excavate the soil while mining. Interestingly, there are mining rewards and in-game assets that they can win along the way.
Moreover, NuggetRush has unique characters represented as NFTs, each with different skills, making them among the most popular NFTs in the game. These NFTs, along with other in-game assets and resources, can even be exchanged on the NuggetRush marketplace.
Currently in its fifth round of presale and available at $0.018, NuggetRush is approaching the end of this round, with the token price expected to climb to $0.020 at launch. This makes NuggetRush an appealing best crypto to invest in, especially as the gaming domain continues to expand.
Cardano (ADA), one of the self-acclaimed Ethereum killers, has joined the recent recovery in the crypto market. Its native token, ADA, has risen 8.3%, 21.8%, and 19.2% on the 7-day, 14-day, and 30-day price charts.
Similarly, the Cardano coin has a 47.3% price pump on the 7-day price chart. In terms of value movement, Cardano's price has increased from a low of $0.5521 to a peak of $0.6382 in the past week.
Nevertheless, it remains 80.73% below its ATH of $3.10, which was reached in September 2021. Meanwhile, Cardano currently has two major supports at the 50-Day SMA ($0.519900) and 200-Day SMA ($0.402002) in case of a downward movement.
However, the chances of a downward movement appear slim as Cardano technical indicators are bullish. Its 14-day RSI is above the 60 mark and is heading for the overbought region. If this happens, the price of Cardano could aim for the $0.700 region and the long-awaited $1.00 mark in the long run.
While Cardano is bullish, Toncoin (TON) is under mixed sentiment as the battle between bulls and bears continues on the price charts. CoinMarketCap data shows that the Toncoin price has increased by just 0.2% over the last seven days.
Still, the 7-day and 1-year price charts show a 1.6% and 9.1% decline in the token, respectively. Being in the top 20 cryptocurrencies on the market, Toncoin continues to be one of the best altcoins despite price swings.
Over the past month, Toncoin's price has been trapped in a narrow range. Despite several attempts by bulls to break out of the price range, the token has remained trading between $2.00 and $2.29.
Fortunately, indications from Toncoin point to a possible breakout in price. The token's relative strength index (RSI) has exceeded the average of 50 and is increasing, indicating that bulls are driving the market. Should the RSI continue to rise, then the altcoin price could rally to $3.25 and possibly $3.44.
NuggetRush and Cardano are some of the top-performing altcoins in the market lately, while Toncoin continues to struggle. However, analysts believe NuggetRush's upcoming launch in the next few weeks will give it enough boost to outperform Cardano and Toncoin in terms of price performance.
Besides, NuggetRush is at the last stage of its cryptocurrency ICO and has been predicted to give 50x gains after launch.
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