Market volatility hits PEPE and Bitcoin Cash; NuggetRush token presale surpasses targets

PEPE, the once-muted meme coin, has stormed back into the cryptocurrency spotlight with an impressive 22% rally. On the other hand, analysts expect Bitcoin Cash (BCH) to continue trading sideways in the coming weeks, with support forming around $225.00 and resistance at $250.15. 

Yet, NuggetRush (NUGX) has achieved notable success in its presale, having sold over 33.8 million tokens so far. Can NuggetRush keep rising to compete with PEPE and Bitcoin Cash? Let’s explore here.

PEPE amid undervaluation index and whale accumulation

PEPE (PEPE), the meme coin that dropped into silence without positive developments, staged a massive comeback in the cryptocurrency market on November 9, 2023. The coin recorded a notable surge, reaching $0.000001417, an impressive 22% rally within three days.

The sudden surge in PEPE’s price has sparked significant interest within the crypto community. One possible catalyst for the recent rally is the revelation of PEPE’s undervaluation index.

Cryptolaxy, a renowned crypto analysis platform, shared on platform X that PEPE’s undervaluation index is 4.2. The index is a metric to assess whether an asset is trading at a price that reflects its actual value. For PEPE, the coin seems to be trading below its potential value, pointing at a possible imminent price uptick.

Elsewhere, Lookonchain, a blockchain analytics platform, highlighted that a whale initiated the accumulation of PEPE. This suggests confidence in PEPE’s potential and may contribute to its upward movement.

On November 10, PEPE was trading at $0.000001303. Analysts say PEPE will rise to $0.000001575 by the end of 2023, powered by increased demand.

NuggetRush (NUGX) strong presale performance

NuggetRush (NUGX) is a new GameFi project to create a socially focused and entertaining gaming community. It offers an intensive gaming experience that rewards gamers and supports artisanal miners in developing nations. 

NuggetRush (NUGX) enjoys a lot of interest from the cryptocurrency sector because of its commitment to setting up an active and empowered community.

NUGX token holders are rewarded via tournaments, battles, quests, ranked play, and more. NuggetRush can be revenue-generating and self-sustaining with the help of gold dealers who send RUSHGEM awards directly to miners’ locations.

The game’s characters are non-fungible tokens (NFTs), making NuggetRush (NUGX) more interesting. Since users are important to blockchain projects, NuggetRush (NUGX) will put them at the centre of all its operations. 

NuggetRush’s (NUGX) presale is considered successful because it has sold over 33.8 million tokens in the presale so far. NUGX tokens are now selling at $0.012 in Round 2 of the presale, and the price will rise further in Round 3.

The impressive features and presale performance highlight the potential dominance of NuggetRush (NUGX) in the crypto market when it officially launches in the market once its crypto ICO concludes. With NuggetRush (NUGX) set for listing on mainstream exchanges at $0.020, analysts say it is the best crypto investment since it will offer Round 1 investors 100% ROI.

Bitcoin Cash (BCH) faces volatility amid Bitcoin ETF approval optimism

Recent Bitcoin Cash (BCH) market volatility is linked to increasing optimism about the SEC’s potential approval of a Bitcoin ETF. Financial companies are adjusting their applications, and Bloomberg insists on a 90% chance of approval by January 10, 2024.

Bitcoin Cash (BCH) is at a crossroads, with its market performance, suggesting a possible upside movement. Notably, BCH has been trading sideways, with a price consolidation representing a market in recovery mode.

The general market’s upswing, with Bitcoin (BTC) surging above $37,000, has set a positive backdrop, but Bitcoin Cash (BCH) is yet to capitalize on the investor enthusiasm. Bitcoin Cash (BCH) has been trading within a price range of between $211 and $274.

On November 10, 2023, Bitcoin Cash (BCH) was trading at $239.15. With BCH recording a mere 5% increase in ‘Uptober,’ analysts believe it will continue trading sideways in the coming weeks. 

BCH buyers have formed strong support around $225.00, while a strong resistance exists around $250.15. Nonetheless, most analysts expect BCH to rise to $265.55 by the end of 2023, supported by a bullish momentum in the general crypto market.

For all information NUGX you can visit the NuggetRush presale website. 

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