Key Takeaways:
- EDX Markets' decision to delist Bitcoin Cash (BCH) on November 1, 2023, triggered a substantial bearish momentum for BCH, leading to a continuous decline in its value from $247.09 to $222.55 by November 28.
- BNB (Binance Coin) faces a price decline amid the US government prosecution of Binance and its CEO, CZ. The US Department of Justice challenges CZ's release on a $175 million bond, labeling him a flight risk. The crypto market is witnessing a sell-off as investors fear the repercussions.
- NuggetRush (NUGX), a new ICO, is gaining attention for its substantial growth potential and unique features, including GameFi, Play-to-Earn (P2E), memes, and Impact Gaming. The presale is witnessing high participation as investors aim to ride the early bullish wave.
The delisting of Bitcoin Cash (BCH) from the EDX Markets platform sent shockwaves through the market. Meanwhile, the legal troubles facing BNB (BNB) because of the US government’s actions against Binance and its CEO have triggered a sell-off, causing market uncertainty.
Yet, NuggetRush (NUGX), a rising star among new ICOs, presents a unique blend of GameFi, P2E, memes, and Impact Gaming, attracting investors with its growth potential. Let’s learn why investors are shifting from Bitcoin Cash and BNB to NuggetRush.
EDX Markets Delisting Triggers Bearish Trend for Bitcoin Cash (BCH): Analysts Predict Further Price Drop
On November 1, 2023, the EDX Markets platform confirmed it would no longer support Bitcoin Cash (BCH) among its listed cryptos. The news triggered a massive wave of Bitcoin Cash, resulting in a bearish momentum for BCH.
After the news broke, Bitcoin Cash (BCH) saw a drop in its value. Within two days, the price of Bitcoin Cash (BCH) dropped from $247.09 to $242.07.
The bearish momentum for Bitcoin Cash (BCH) persisted in the following days. Notably, the price of Bitcoin Cash (BCH) dropped further from $242.07 to $222.55 on November 28.
Considering these developments and the recent drop in the crypto market, analysts expect a continued drop in the price of Bitcoin Cash (BCH). They insist that Bitcoin Cash’s (BCH) value will drop to $214.58 by mid-December.
Hence, BCH is not a good crypto to buy today.
NuggetRush (NUGX): Unleashing the Bullish Wave with GameFi, P2E, Memes, and Impact Gaming
NuggetRush (NUGX) is running wild and making a compelling case for itself. Being one of the new ICOs on the market, NuggetRush’s (NUGX) main attractions are its massive growth potential and its contribution to the crypto space.
It stands out for its blend of GameFi, P2E, memes, and Impact Gaming. With this fusion, intense participation in its presale is expected. Investors want to catch this NuggetRush (NUGX) bullish wave in its early stages.
This NuggetRush (NUGX) P2E game will offer an interesting gameplay experience and a chance to earn rewards while playing the gold mining game.
Notably, the in-game assets on NuggetRush (NUGX) are collected and can be traded on the marketplace while playing the game. NuggetRush (NUGX) also sets itself apart for this dedication to its immediate community.
It strives to contribute to boosting the standard of living of artisanal miners in the underdeveloped nations.
NuggetRush (NUGX) is in its early stages, and its price is reasonable. It is in its third presale round, and each NUGX token costs $0.013. The token’s price will rise to $0.015 once it progresses to round 4 of the presale.
Based on analysts, NuggetRush (NUGX) is the next memecoin expected to see explosive growth. They expect the price to rise by 60X after launch, making it the best crypto investment this year.
BNB (BNB) Faces Turbulence Amidst Binance Legal Woes as CEO’s Arrest Send Ripples Through Crypto Markets)
BNB’s price is suffering in the wake of the US government prosecuting Binance exchange, the world’s biggest crypto exchange, and its CEO, Changpeng Zhao (CZ).
The US Department of Justice (DoJ) challenged CZ’s release on a $175 million bond, insisting in a filing that he is a flight risk. The top criminal justice authority in the US, the DoJ says the risk is manageable by guaranteeing that the Binance executive does not leave the country.
BNB continues to suffer under the weight of the former CEO’s troubles with the US government. More investors are leaving BNB’s market, fearing that a sell-off might happen. However, analysts are confident that the $204.60 support floor will hold in case of a steep drop. On the other hand, increased buying pressure might help push BNB towards the $247.80 resistance.
On November 28, 2023, BNB was trading at $230.40. Analysts expect BNB to keep sliding to $220.15 in the first week of December, suppressed by the uncertainties in its market.
