- Fantom (FTM) experienced a notable drop along with the general crypto market. Analysts view this as a potential buying opportunity because of a price correction, although technical indicators suggest more downside potential.
- Pepe (PEPE) is expected to see a steep price drop as whales have stopped accumulating, signaling reduced investor interest. The number of whales holding PEPE has slightly decreased, meaning there is selling pressure from whales.
- NuggetRush (NUGX) integrates gaming and crypto with a play-to-earn blockchain game, connecting virtual gameplay to real-world impact by supporting artisanal miners. Its tokenomics focus on sustainability and revenue generation.
As the cryptocurrency market continues with its correction, Fantom (FTM) and Pepe (PEPE) have recorded significant price drops. Investors are shifting away from these tokens citing increased selling pressure as the market keeps sliding. However, NuggetRush (NUGX) has come in to salvage the situation since it guarantees huge profits after listing on mainstream exchanges. Here is why Fantom and Pepe’s investors are rushing to buy NuggetRush.
Fantom (FTM) Faces Bearish Trend Amidst Crypto Market Correction
On April 2, 2024, Fantom (FTM) dropped alongside the rest of the crypto market. With the top altcoins following Bitcoin (BTC) downward, analysts say there is a price correction that would make Fantom (FTM) an attractive buy for investors seeking huge profits.
Fantom (FTM) is down nearly 30% from a recent high around the $1.2350 resistance. The strong uptrend was stopped as the breakout proved premature. Amid the current reversal in the market, Fantom (FTM) could plunge to $0.6467 before the bulls re-enter the market.
Many technical indicators support the odds for more downside movement, with the falling buying momentum pushing Fantom (FTM) lower. Nonetheless, analysts say Fantom’s (FTM) recovery rate will depend on the direction that Bitcoin (BTC) takes in the coming days.
On April 3, 2024, Fantom (FTM) was trading at $0.8662, down 19.26% in the past week. Experts believe Fantom (FTM) will drop to $0.7515 before buyers start joining the market. Thus, FTM will remain suppressed by increased selling pressure in April.
Pepe (PEPE) Faces Bearish Pressure as Whales Halt Accumulation
Pepe’s (PEPE) price is expected to drop sharply after whales stopped their accumulation in the past week. The decision by these whales to stop accumulating highlights a drop in investor interest in PEPE. As of March 25, 2024, there was a significant stabilization in the number of addresses holding over 100M PEPE.
The number of PEPE whales has dropped slightly, meaning that these large wallets have started offloading some of their PEPE into the market. Whale activity is important when gauging the crypto market’s strengths and weaknesses. Their huge trades impact price directions in the top memecoin. Thus, the stop in PEPE whale buying since late March highlights bearish trends in the market.
After a period of strong buying, the pause by whales to acquire this ETH memecoin means the momentum in PEPE’s market is fading, pushing its price down.
On April 3, 2024, PEPE was trading at $0.000007409, down 10.18% in the past week. Experts say PEPE will drop to $0.000007115 in April, suppressed by increased selling pressure.Â
NuggetRush (NUGX): Bridging Crypto and Gaming for Impactful Investment Growth
NuggetRush (NUGX) came to revolutionize the crypto world with various features and components designed to take over the industry. Remarkably, NuggetRush (NUGX) links the world of gaming and crypto through a play-to-earn (P2E) blockchain game, representing significant progress in the GameFi and impact gaming spaces.
While other P2E coins just thrive on minimal utilities and hype, NuggetRush (NUGX) offers a thrilling gameplay experience. NuggetRush (NUGX) changes in-game virtual gold nuggets into tangible support sent to artisanal miners in underdeveloped countries. Therefore, it blends gaming and physical world impact, offering investors the best cryptos to buy.
On the other hand, NuggetRush’s tokenomics has boosted its investment appeal. The project’s NUGX token distribution focuses on helping to support a self-sustaining and revenue-generating platform. Notably, NuggetRush (NUGX) allocates tokens for each aspect of its network to guarantee that it remains appealing to investors.
The advanced incorporation exceeds traditional transactions, offering a multidimensional NuggetRush (NUGX) platform meant for financial growth, gaming, and social impact.
Currently, NuggetRush’s crypto ICO is complete. However, investors can buy NUGX at its listing price of $0.020. The project has sold over 270.1 million tokens and raised over $3.75 million. NUGX will list on mainstream exchanges, with analysts confident its price will increase significantly, making it the best crypto investment currently.
