- Nate Geraci, the president of ETF Store, tweeted that the US SEC will not approve Ethereum ETF.
- The price of Dogecoin has dropped by 3.5% in the past week.
- Analysts have predicted the NuggetRush gaming token to soar 50x before the end of this year.
In recent developments, Nate Geraci, president of ETF Store, has shared insights on X, stating the US SEC may not approve an Ethereum ETF by May. Meanwhile, Dogecoin’s price has declined by 3.5% over the last week.
In addition, analysts foresee a new altcoin and gaming token, NuggetRush, surging by 50x this year. NuggetRush has caught the eyes of analysts with its crypto mining platform, which promises the best rewards, including trending NFTs.
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NuggetRush (NUGX): The New Gaming Token Predicted To Soar in 2024
NuggetRush (NUGX) is one of the best gaming tokens to buy in the blockchain gaming scene, offering a unique blend of mining adventures and lucrative NFT rewards. Set in a 3D mining universe, NuggetRush immerses players in a crypto-mining world.
This project allows players to enjoy GameFi rewards while also enjoying games and challenges. As players tackle challenges within the game, NuggetRush rewards them with cash, NFTs, and gaming assets, fostering a rewarding gaming experience.
Moreover, players can sell or stake their NFT assets to receive up to 20% APY, depending on the time the NFTs are staked. In addition to traditional rewards, NuggetRush has a group of the coolest NFTs called RUSHGEMs. What makes RUSHGEMs the best NFTs to buy is that they can be swapped for gold on the game’s marketplace.
NuggetRush even facilitates the delivery of the gold rewards to players any any location they choose. Meanwhile, NuggetRush’s airdrop is less than two days after it was listed on Uniswap at $0.020, and investors are very excited. Analysts have predicted a 50x price increase for the token in 2024, making it a top crypto to buy.
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Ethereum (ETH) ETF May Not Be Approved
Nate Geraci, president of the ETF Store, has argued the U.S. Securities and Exchange Commission (SEC) will likely not greenlight spot Ethereum exchange-traded funds (ETFs) in May. According to reports, discussions about Ethereum ETFs have been low compared to that of Bitcoin before it was approved by the SEC.
While the crypto community is still waiting for the SEC’s verdict in May, Ethereum is doing numbers on the price chart. Data from CoinMarketCap shows that Ethereum’s price has gained 2.1% in the past week.
Dogecoin (DOGE) Price Plunges 3.5%
Dogecoin (DOGE), the largest memecoin by market cap, has not its feet after the crypto crash, even with the recovery in the general market. CoinMarketCap data shows the memecoin’s price had dropped 3.5% in the past week as it fluctuates between $0.1427 and $0.1657.
On the upside, Dogecoin is facing resistance at $0.1690 and $0.170. If the memecoin clears both levels, it could rise to retest the $0.1880 resistance and then climb to $0.200 if successful. However, if bearish pressure sets in and Dogecoin cannot surpass the $0.170 resistance, it could fall to the first support at $0.1525.
In Conclusion
While the SEC’s stance on an Ethereum ETF remains uncertain and Dogecoin sees a slight dip, the outlook for NuggetRush appears promising. With analysts predicting a potential 50x surge in value, NuggetRush emerges as the best coin to invest in now.
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