Binance Coin Dips, ApeCoin DAO To Register “APE” As TLD, NuggetRush Set To Lead the Gaming Sector
In Brief
Binance Coin experiences a dip; ApeCoin DAO plans to register “APE” as a top-level domain, while NuggetRush rides on gaming sector projections
TLDR:
- Binance Coin price has dropped 4% in the past week.
- ApeCoin DAO has approved a proposal to register “APE” as a new top-level domain with ICANN.
- NuggetRush plans to leverage the explosive growth of the gaming sector.
Binance Coin price has given in to bearish pressure on the price charts after a long period of resilience. Meanwhile, the APE DAO has approved a proposal to register “APE” as a new top-level domain with ICANN. On the other hand, a new DeFi project, NuggetRush, wants to capitalize on the explosive growth of the gaming sector.
NuggetRush (NUGX) To Capitalize on the Growth of the Gaming Sector
NuggetRush (NUGX) is working on a game that has the potential to transform the gaming industry. This is essentially a mining game that will enable the players to mine minerals, selling them for rewards. This is actually a part of NuggetRush’s intention to expand in the growing gaming space. GlobalData has estimated that the gaming sector will surpass $470B in the next ten years.
NuggetRush aims to leverage this huge valuation to develop its ecosystem. This makes its native token, NUGX, the best coin to invest in right now. Apart from being a cryptocurrency, NUGX has high utility in the NuggetRush game. It is used to buy mining gears, trending NFTs, and other gaming items. In addition, it gives players governance rights.
The holders of the NuggetRush token are eligible to participate in the decision-making that will influence the project. In addition, users who own the NuggetRush token may subscribe to its VIP membership and get all the new features. This utility is anticipated to soar in value over the next few months as more users make their way to the NuggetRush platform.
The NUGX token listing price is set at $0.020, a 100% surge from its initial value of $0.010, placing it among the bullish altcoins in the market. Analysts have forecasted a price surge to $1.00 after NUGX is listed on exchanges.
ApeCoin (APE) Community Approves Registration of “.APE” As New TLD
The ApeCoin (APE) community has greenlighted a proposal to make “.APE” a new top-level domain (TLD). This registration will be with the Internet Corporation for Assigned Names and Numbers (ICANN), the global overseer of IP addresses and domain names.
A large majority (91.68%) of ApeCoin community voters supported the proposal, with a minority of 8.32% voting against it. In the meantime, APE token of ApeCoin has reached its lowest lows at the start of Q2 2024.
The altcoin price has fallen by 18.7% in the last seven days and 20.2% in the last four weeks. Concerning price action, it has been moving between $1.61 and $2.02. If this bearish momentum is kept, APE would be able to fall to $1.00.
Binance Coin (BNB) Drops 4% As Bears Take Over
After a long period of resilience, Binance Coin (BNB) has given in to bearish pressure in the market. The altcoin weekly timeframe loss was 4.8%. Binance Coin is currently ranging between $546.43 and $618.48 as bulls struggle to keep the $600 level. Failure would lead to Binance Coin price dropping to $580 in the next few days.
Yet, the imminent halving of Bitcoin could trigger the necessary surge to maintain Binance Coin. In this case, traders could expect a rise to $690 and then $700 after the halving event. Unfortunately, this is not certain, and the market could disappoint even top crypto coins like Binance Coin.
Conclusion
While Binance Coin and ApeCoin are down on the charts, NuggetRush has become the best crypto to invest in. Analysts are bullish about its potential and believe it can capitalize on the growth of the gaming sector.
Visit the NuggetRush Presale Website
Disclaimer
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
