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- Decreased demand for Bitcoin
- Crypto whales are looking at Chainlink.
- NuggetRush pre-sale attracts investors
Moments after the spot Bitcoin ETF was approved in the US, prices fell. Meanwhile, Lookonchain data shows increased whale activity for Chainlink (LINK). Amid this, more investors are exploring NuggetRush (NUGX). To date, more than 161 million NUGX have been sold.
Demand for Bitcoin decreases
On January 11, the US Securities and Exchange Commission (SEC) approved several Bitcoin ETFs.
However, according to market research firm CryptoQuant, demand for Bitcoin appears to be waning.
As a result, prices dropped to $39,500. Part of this bounce was due to profit taking.
NuggetRush Boost
The NuggetRush pre-sale has sold over 161 million NUGX.
NuggetRush is a blockchain game that uses NFTs where players compete in mining tasks for financial rewards.
It mimics the daily routine of artisanal miners and operates within a blockchain environment.
Players assemble their own mining crew and equipment to expand their mining operations.
The amount of gold and precious metals they mine determines their rewards.
At the current stage, NUGX is available for $0.018.
Whales explore Chainlink
According to Lookonchain data, one whale address recently purchased 601,900 links worth $8.9 million.
LINK was purchased at an average price of $14.80. However, prices later rose to $15.90.
Closing thoughts
Investors are concerned about the recent decline in the price of Bitcoin. Amidst this, Chainlink and NuggetRush are holding steady. Investors are increasingly looking to NUGX, to diversify their portfolios.
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