Ethereum holders diversifying into dogecoin rival after 20% rally

• Ethereum is bullish as the price rises toward $2,000.
• NuggetRush, the Dogecoin rival, is drawing the attention of ETH holders due to its features and utility.
• NUGX is up 20%, with the second phase of its presale selling out fast.

Crypto investors are always looking for promising decentralized coins to diversify their portfolios, especially with the ongoing growth of Ethereum (ETH). They have taken notice of the upcoming Dogecoin rival, NuggetRush (NUGX).

With its approach toward meme culture and the recent 20% price surge, NuggetRush is increasingly being examined. NUGX also has new features that distinguish it from other meme-inspired tokens. 

With a play-to-earn (P2E) game, the platform aims to add value using non-fungible tokens (NFTs), representing its game characters and utility. 

This article delves into NUGX’s presale rally and other features that have been attracting the attention of Ethereum holders.

NuggetRush: luring diversifying investors

NuggetRush has been dubbed the Dogecoin rival mainly because of its features.

The project combines gaming and finance, even offering revenue opportunities to miners in underdeveloped countries. This approach could explain why it is explored, especially by ETH holders.

In the ongoing NUGX presale, the token is up 20% to 0.012 USDT in stage 2, closer to the ideal 0.020 USDT expected at the end. At this level, it will mark a 100% increase from the initial 0.010 USDT. So far, over 29 million NUGX have been sold, and less than 50% of the allocated tokens remain at this stage.

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Presale investors can claim 50% of their tokens in this round. However, early investors have the priority to claim their tokens first.

NuggetRush features a play-to-earn (P2E) game and has incorporated NFTs as digital assets and game characters, enhancing gameplay. 

Players can earn real gold, exchanged for rare RUSHGEM NFTs from the gameplay. Additionally, the project offers a staking mechanism, allowing holders to earn up to 20% APY on their staked NFTs.

For ETH holders, NuggetRush may provide opportunities beyond gaming, including a staking mechanism and membership in the Rush Guild. This feature offers governance rights, VIP access, bonuses, discounts, and rewards. 

Ethereum: resurgence and diversification

Ethereum, a popular altcoin, is trending higher as prices surge. This rally is the largest since the dip on Oct. 12, when it dropped to around $1500.

Technical indicators like the Awesome Oscillator (AO) and Relative Strength Index (RSI) support this upward movement. If this trend continues, ETH may reach $1,900 and even climb to $2,000.

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Investors are bullish on ETH, citing higher trading volume exceeding $229 billion and a decrease in supply on exchanges, according to Santiment Analytics. Accordingly, more investors are looking at the Ethereum market, drawn by its recent rally and potential for growth in the long term.

As Ethereum trends higher, investors are also exploring alternatives, including NUGX, for diversification.

Conclusion

NuggetRush is up 20%, capturing the attention of Ethereum holders. NUGX’s utility and presale success suggest that more investors are considering the project. So far, more ETH holders appear to be diversifying their portfolios with NUGX.

ETH holders may find growth opportunities with NUGX, given the success of meme coins and NuggetRush’s P2E model.

Visit the NuggetRush presale website

Read more: Assessing the synergy of NuggetRush, Polkadot, and Ethereum

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