TLDR:
- Bonk price has dropped 20% from its weekly peak of $0.00003583 to a low of $0.00002452.
- The Polkadot price has plummeted 5.9% on the weekly price chart.
- NuggetRush renews investors’ hope in the play-to-earn sector with its immersive and engaging mining game.
Bonk (BONK) has recorded a 20% fall from its weekly high of $0.00003583 to a low of $0.00002452 due to the recent crypto market downtrend. In the same way, Polkadot (DOT) saw a significant 5.9% drop in its weekly price chart.
Nevertheless, a new DeFi project, NuggetRush (NUGX), has brought shimmers of hope to the play-to-earn space. With its engaging mining game, NuggetRush aims to redefine the gaming experience for investors, renewing interest in the industry.
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NuggetRush (NUGX) To Transform the Play-to-Earn Sector
NuggetRush (NUGX), a top ICO, is carving a niche in the play-to-earn landscape with its unique mining game, which is built on the Ethereum network. This makes it accessible to a broad number of users and very secure. NuggetRush presents a fun platform whereby players take on varying mining challenges to acquire riches.
The game environment is engaging and provides players with lands, machines, and a market to sell mined resources. Apart from the gameplay, NuggetRush adds a layer of customization through the possibility of creating your own NFT avatars. These trending NFTs, along with machinery and other valuable items, are tradable on NuggetRush’s marketplace.
Additionally, players can stake their NFT assets to earn passive income. NuggetRush’s presale is currently at the last round, and its DeFi coin price has surged by 90% to $0.019 since the launch of its presale. With over 238 million tokens already sold, the project is nearing its next milestone: the closure of its blockchain ICO. This is the best time to join the best DeFi project before it launches at $0.020.
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Bonk (BONK) Price Plummets 20%
Bonk (BONK) is positioned as the first dog-themed coin on the Solana network. Liquidity building on the decentralized exchanges (DEXs) that are associated with the Solana platform is the main goal of the Bonk project, as well as increasing the engagement of the community. Within the last year, something like a 4,000% increase has been registered in the meme coin, hitting an ATH of $0.00004547.
This upward price action also spilled over to other Solana meme coins like Dogwifhat, which mimicked Bonk’s price paths. Unfortunately, Bonk’s price has plummeted in the past week. Data from CoinMarketCap showed that the meme coin decreased 20% from a peak of $0.00003583 to a low of $0.00002452. The coin is also bearish on the 14-day price chart, with a loss of 26.9%. Notwithstanding, bulls are active at its 30-day price chart with a 97.1% price pump. If the crypto market sentiment improves, the Bonk price could rise soon.
Polkadot (DOT) Price Forecasts Bullish Despite Price Drop
Polkadot (DOT) has dropped 5.9% on the weekly price chart, dropping from a peak of $11.84 to $9.70. The token was part of the altcoins that went under after Bitcoin price fell below the $70,000 mark.
Even in the price drop, Polkadot is still trading higher than the 50-day SMA ($8.21) and 200-day SMA ($6.49), meaning that bulls are strong at these levels. Additionally, the RSI of Polkadot is currently at 50 and heading upwards to the overbought area.
This provides another bullish signal, which could confirm a potential price reversal in the next few weeks. Going forward, bulls will have to surpass the following resistances: $10.47, $10.83, and $11.42 to climb to its current peak. Analysts have predicted a short-term price target of $19.18 and a long-term price target of $48.33.
Conclusion
In the last week, both Bonk and Polkadot prices saw substantial declines. However, investors have found solace in NuggetRush. Due to its unique play-to-earn sector model and entertaining mining game, NuggetRush is the best coin to invest in. It gives the investors both an adventure and returns in the crypto land.
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