TLDR
Ethereum (ETH) whales’ increased holdings, reaching 32% of supply, and a surge in transactions over $1 million mark a historic moment for the cryptocurrency. Analyzing CoinMarketCap data, a $100 investment in 2016 would yield $17,936, with ETH priced at $1,888 on November 9, 2023.
NuggetRush (NUGX) introduces practical utility to meme coins, offering a play-to-earn (P2E) game where players build a mining empire, earning income through quests, battles, and tournaments. The game supports artisanal mining communities, making NUGX stand out.
The excitement in Ethereum’s (ETH) community is intense as whales significantly increase their token holdings, reaching levels not seen since 2016. Meanwhile, a new player, NuggetRush (NUGX), is revolutionizing meme coins with practical utility and play-to-earn features, gaining significant attention in the presale stage. Can NuggetRush thrive to follow in Ethereum’s lead?
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Ethereum (ETH) Whales Drive Excitement in the Market as Their Holdings Surge
Ethereum’s community is excited as ETH whales have increased their token holdings considerably. On October 19, 2023, Santiment data showed the whales now control over 32% of the available ETH supply, a level not seen since 2016.
Furthermore, Ethereum transactions exceeding $1 million recorded their second-highest volume in five weeks. These developments undoubtedly mark a historic moment in Ethereum’s (ETH) history.
Based on CoinMarketCap’s historical data, the price of ETH on November 9, 2016, was $10.51 per coin. If you acquired $100 worth of Ethereum, you would have about 9.5 ETH.
Ethereum (ETH) traded at $1,888 on November 9, 2023. Thus, anyone who purchased the 9.5 ETH in 2016 and still holds the coins would be sitting on $17,936 in 2023. That is an impressive return on investment for Ethereum (ETH).
With such a high ROI, Ethereum (ETH) is undoubtedly among the top crypto coins to invest in currently. Its many use cases and increasing whale demand might help push it well above $2,000 by the end of 2023. Hence, it is a good crypto to buy today.
Despite the x179 profits, a new entrant seems ready to compete with Ethereum (ETH) in the long term. NuggetRush has many features and utilities that have attracted many investors despite still being in the presale stage.
NuggetRush (NUGX) Revolutionizes Meme Coins with Practical Utility and P2E Features
Previously, meme coins lacked practical utility and have always been highly volatile. Nonetheless, all that seems to have changed with the entry of NuggetRush (NUGX). Resembling other play-to-earn (P2E) games, NuggetRush (NUGX) allows players to earn an income using enjoyable in-game experiences.
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NuggetRush (NUGX) consists of creating a mining empire through site discovery and teamwork. Players set up mining facilities, collect rare non-fungible tokens (NFTs), trade available in-game assets, and build expert teams to achieve “master miner” status. The status enables them to amass significant wealth through their mining empire.
Additionally, NuggetRush (NUGX) offers multiple income streams through in-game activities and operations. On that note, players earn rewards from quests, battles, and tournaments. They can also sell in-game collectibles on NuggetRush’s marketplace.
Impressively, this game supports artisanal mining communities in remote and underdeveloped nations. All these use cases undoubtedly make NUGX a great crypto to buy.
NuggetRush’s governance model offers Rush Guild members access to different areas and the power to vote for decisions connected to NUGX’s ecosystem.
Players can claim tokens as NuggetRush’s presale progresses. Each round of this presale offers token-claiming chances for NUGX token holders. However, once NuggetRush’s presale concludes, investors can claim any remaining tokens.
NUGX surged from its Round 1 price of $0.010 to $0.012 in Round 2 of the presale, a 20% ROI. Analysts say NUGX has the potential to surge further by over x300 after listing on mainstream exchanges. These impressive potential moves make it a top crypto to buy now.
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The post Had You Invested $100 in Ethereum in 2016, Here’s Your Current Worth; Which Cryptocurrencies Are Next in Line for Investment? (ETH, NUGX) appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/had-you-invested-100-in-ethereum-in-2016-heres-your-current-worth-which-cryptocurrencies-are-next-in-line-for-investment-eth-nugx/