Ethereum’s Dominance Over Bitcoin Increases by 22.4%
Following the approval of spot Bitcoin ETFs, Ethereum has outperformed Bitcoin in terms of investor sentiment. As a result, ETH’s dominance over BTC has risen by 22.4%. Despite the ETF approval, the expected price boost for BTC has not materialized, while Ethereum has seen an 8% increase. Although ETH has struggled to maintain the $2,600 mark, it has remained above the $2,500 support level. Santiment reports a surge in new addresses and a decline in ETH held on exchanges, which is positive for its price.
NuggetRush Presale Status
NuggetRush is a GameFi project that offers a hyperrealistic virtual world and real gold rewards for in-game accomplishments. Players can bring their characters into the virtual mining world and form teams during missions. They can exchange found minerals and in-game gold for real money and gold in the marketplace. NuggetRush also allows players to stake NFTs and earn a 20% APY. The project aims to improve the living conditions of underprivileged miners worldwide with a portion of the rewards. The current price of NUGX is $0.015.
Solana Reclaims Key Resistance
Solana had been trading below a declining trendline since reaching $127 in December but has now broken out and reclaimed the critical $100 resistance level. If SOL remains above $100 in the coming week, buyers may push the coin towards $150.
Closing Thoughts
Ethereum’s rise against Bitcoin has benefited altcoins like Solana and NuggetRush. Experts believe that SOL and NUGX will likely trend higher given their positive momentum and ongoing presale. However, it’s important for readers to conduct their own research before making any investment decisions.
Hot Take: Ethereum’s Dominance Over Bitcoin Surges, Boosting Altcoins
Ethereum has surpassed Bitcoin in terms of investor sentiment post-ETF approval, resulting in a 22.4% increase in ETH’s dominance over BTC. This shift has had a positive impact on altcoins like Solana and NuggetRush. Solana has reclaimed a crucial resistance level, while NuggetRush is nearing a significant presale funding milestone. As the crypto market evolves, it’s important to closely monitor these developments and consider their potential implications for your investment strategy.
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