TLDR:
- Data from the options market suggest that traders are optimistic that Bitcoin will break above $100k soon.
- Polkadot has set a new milestone, recording over 600,000 active addresses.
- NuggetRush has hit $3.75 million as the gaming space backs the new mining concept.
The Bitcoin halving is just ten days away, and traders are optimistic about a major price increase. Traders are betting on a rally above $100,000, as per data from options markets. In other news, Polkadot has crossed the milestone of 600,000 active addresses, while NuggetRush has raised over $3.75 million in its cryptocurrency ICO as excitement builds ahead of its launch.
Traders Back Bitcoin (BTC) Rally Above $100,000
There has been a lot of buzz about the upcoming Bitcoin (BTC) halving event, with many market analysts suggesting that it will trigger another BTC rally. This bullish sentiment is backed by many traders, who are betting on a Bitcoin rally above $100,000, as per data shared by Greeks.Live.
Bitcoin is already reacting positively to the growing bullish sentiment, as it crossed the $71,000 resistance for the first time in more than a month. Meanwhile, traders believe BTC remains one of the best cryptos to buy now, as the halving could fuel a rally above $100,000.
NuggetRush (NUGX) Hits $3.75M, Gamers Back the Project for Early Success
NuggetRush (NUGX) generated a lot of frenzy in its crypto ICO phase as it unveiled a one-of-a-kind gaming ecosystem. The NuggetRush game is built around the gold rush in a hyperrealistic virtual world where players are allowed to create their own NFT characters and assemble a team of miners as they go in search of gold and other precious minerals.
The in-game rewards players find can be converted into rare popular NFTs, cash, and even real gold. The allure of NuggetRush’s reward system made it one of the hottest prospects. In addition to this, NuggetRush aims to extend its use into the real world via the novel impact gaming model.
The NuggetRush team has announced that it will support poor artisanal miners residing in underdeveloped regions. This social impact model has made NuggetRush one of the top DeFi projects. NuggetRush was able to secure over $3.75 million in presale while selling over 270 million NUGX tokens.
With the presale of NuggetRush sold out, the team is preparing for its airdrop, which is in just two weeks’ time. Following its airdrop and exchange listing at $0.02, NUGX has been forecasted to hit a price of $1.00, making it one of the best gaming tokens for every investor to buy right now.
Polkadot (DOT) Hit 600,000 Active Addresses
Over the last few weeks, Polkadot (DOT) has been bustling with activity. The Polkadot network has hit a record-breaking milestone, crossing over 600,000 active addresses, as reported by Parity Data. More than half of the active addresses were from Moonbeam, the popular cross-chain smart contract platform.
The number of unique Polkadot non-zero balances has also been increasing, crossing $5.6 million. However, DOT has struggled over the past few weeks, dropping from $12.00 to its current range of $9.00. However, as we reenter a bull market, DOT has been predicted to top the $15.00 range, making it one of the best altcoins to buy.
Closing Thoughts
The options market shows that traders are optimistic about Bitcoin hitting $100,000 after halving. Meanwhile, the recent milestone signifies the recent growth in the Polkadot network, while NuggetRush is poised for significant growth in the coming months.
Visit the NuggetRush Presale Website
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