Shiba Inu and NuggetRush continue to gain Traction as Chainlink whales dump tokens

Shiba Inu and NuggetRush continue to gain Traction as Chainlink whales dump tokens

By News Team - min read
Updated 28 March 2024
  • Shiba Inu’s price has increased 252.6% in the past month.
  • Chainlink whales have dumped over 2 million LINK in the past month.
  • The NuggetRush price has increased 90% since the start of its crypto ICO.

The crypto market is witnessing a massive shake-up as altcoins react to market sentiments. Shiba Inu has seen a massive surge, rising by 252.6% over the past month. 

At the same time, Chainlink whales have been busy offloading over 2 million LINK tokens. On the other hand, NuggetRush has witnessed a 90% price increase since the beginning of its crypto ICO.

NuggetRush (NUGX) gives early investors 90% ROI 

Some analysts are indicating that NuggetRush (NUGX) could be the best ICO right now, as it has achieved various feats despite the changing market conditions. In the last phase of its presale, the token witnessed a rally of 90% from its initial value of $0.010 to its current value of $0.019. That means that investors who joined the presale at the early stage have seen their investments grow by 90%. 

Luckily, those who missed out can still join a presale that some are calling the best DeFi project right now, with a number of analysts forecasting a 100% increase after NuggetRush launches in the next few weeks. NuggetRush will be listing its native token, NUGX, on top exchanges like Uniswap. Afterwards, it will launch a play-to-earn mining game that will give users earning opportunities. 

In NuggetRush, players are granted parcels of land teeming with concealed minerals and gems. With a selection of in-game tools at their disposal, they excavate their land in search of these precious resources, securing rewards that facilitate their advancement across various levels. 

This gaming platform not only offers the thrill of discovery but also bridges the virtual with the real by allowing players to convert in-game items into gold or free tokens. Additionally, the game innovates by incorporating NFT staking, presenting an avenue for investors to garner passive income with potential annual returns of up to 20%. 

Shiba Inu (SHIB) price surge continues 

Shiba Inu (SHIB), the second largest meme coin by market cap, is silently creeping behind Dogecoin on the crypto ladder. According to CoinMarketCap, Shiba Inu has joined the top 12 cryptos by market cap, while Dogecoin is among the top 10.

This proximity comes after Shiba Inu’s price surged 252.6% on the monthly chart, soaring from a low of $0.000009322 to a peak of $0.00004534. Additionally, this price pump has been followed by a massive increase in transactions with Shiba Inu hitting $80B in a week.

Furthermore, the Shiba Inu team has burned over 410,723,801,582,965 SHIB tokens from its initial supply. Given these bullish factors and Shiba Inu’s technical indicators, analysts have forecasted a potential price surge to $0.00008931 in the coming trading sessions. 

Chainlink (LINK) whales selling LINK 

Chainlink (LINK) price has been trending upward for the past few months and even surpassing the $21.69 resistance level. Unfortunately, the Chainlink price movement has become stagnant in the past week.

According to CoinMarketCap, Chainlink has been exchanging hands within a narrow price range of $19.61 – $21.71. Data from Sentiment reveals that addresses holding between 10,000 and 100,000 LINK have been selling since the beginning of February. 

In a month and a half, their supply has dropped by nearly 2 million LINKs worth over $40 million. Historically, the selling of Chainlink tokens by whales has been known to cause price corrections, while accumulations have caused price increases.

Final Words 

While Chainlink whales seem to be dumping LINK, smart investors are already jumping ship to top crypto coins like NuggetRush and Shiba Inu. 

Both platforms have huge projects earmarked for 2024 which promise to attract more users and growth. This bullish potential makes them some of the best altcoins to buy now.

To buy NUGX, visit the NuggetRush Presale Website.