Chainlink Stabilizes Price At $20 While Holders Seeking Larger Gains Lock Funds In NuggetRush Presale

TLDR

• Chainlink’s momentum waned in February compared to other cryptos, but signs of a bullish comeback are emerging. Whales are accumulating LINK, evidenced by a significant outflow from Binance into new private wallets.
• NuggetRush (NUGX) stands out in the crypto space as a gaming platform offering both entertainment and the chance to earn tangible rewards, including gold and cash. Early investors have already seen a 30% profit.

The crypto space is highly volatile currently. Notably, two projects have recently captured the attention of investors—Chainlink (LINK) and NuggetRush (NUGX). Both Chainlink and NuggetRush present compelling narratives, enticing investors to delve deeper into the potential of these promising ventures. Keep reading to learn more about the two projects.

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Chainlink’s February Momentum Eases, Yet Whales Hint at Bullish Revival: An In-Depth Analysis

Chainlink’s (LINK) momentum in February has subsided significantly and the current performance of the altcoin is dismal compared with other established cryptos. 

Nonetheless, it would seem that the crypto is preparing for some action in the coming weeks. According to on-chain crypto news, Chainlink (LINK) whales are engaging in an accumulation pattern that might set up the resumption of bullish momentum.

Based on Lookonchain data, there has been an outflow of nearly 831,160 LINK worth $16.72 million from the Binance exchange in two days. The tokens were sent into eight new private Chainlink wallets.

Whale transactions are mainly monitored since they help to show the general sentiment among Chainlink (LINK) traders. The recent accumulation into new Chainlink wallets points to bullish belief in LINK by whales despite the crypto having a weak momentum.

Chainlink recorded an unexpected price surge in late January and entered February, enabling it to rise above $20.00 for the first time in two years. 

During this bullish move, the crypto saw increased accumulation from the whales and all types of investors. Interestingly, the spike enabled Chainlink to overperform in the general crypto space. As a result, LINK surged in crypto market cap rankings flipping Dogecoin, Tron, Avalanche, and Polygon.

In March, LINK started on a slowdown but investors are confident it will keep rising in the current bull market.

On March 11, 2024, Chainlink (LINK) was trading at $21.54, up 4.73% in the past week. Analysts say LINK will rise to $24.55 in March, supported by development on its network.

NuggetRush (NUGX): Revolutionizing Crypto Gaming with Lucrative Investments

NuggetRush (NUGX) is not an average crypto since it is already taking the industry by storm. It presents users with a chance to hit the jackpot in the digital gold rush with its multiple lucrative investments. As gamers enjoy the game for its fun and thrill, they concurrently earn tangible gold and cash.

Therefore, NuggetRush is a perfect blend of gaming, crypto, and doing charitable deeds for the world. Interestingly, early NUGX investors have already recorded 30% profits.

NuggetRush (NUGX) stunned investors who did not believe its popularity would surge massively. Powered by the Ethereum blockchain, NuggetRush is a mining game dominated by high rewards opportunities. In that context, the game is a perfect opportunity to experience the daily life of artisanal miners in developing nations.

NuggetRush (NUGX) is designed to offer gamers simple and routine challenges while testing their decision-making and resource-management skills. In the beginning, each player gets a small piece of land to start their mining expeditions.

Participants must collect all minerals that they find, including gold nuggets, to make their mining operation a success. NuggetRush (NUGX) players also earn in-game currency once they complete different tasks on the platform.

Moreover, participants enjoy more value from the cool NFTs by upgrading them as they move to higher levels in the game. This platform also offers a functional marketplace for efficient NFT trading. NuggetRush (NUGX) will launch its mining game soon, which makes it the best new crypto to invest in.

NuggetRush’s blockchain ICO is ongoing. On that note, NUGX is in the Launchpad round, valued at $0.019. By the end of this round, NUGX’s value will rise to its listing price of $0.020. The project has sold over 222 million NUGX tokens and raised over $3 million.

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