- The host of the Mad Money show, Jim Cramer, has said that Ethereum ETFs “will soon bloom.”
- NuggetRush has sold over 204 million NUGX tokens ahead of its launch.
- The price of Dogecoin has increased by 50% as whale activity surges.
The approval of spot Bitcoin ETFs continues to be a massive win for the BTC and the rest of the crypto market. With several filings already, Jim Cramer, the host of CNBC’s Mad Money show, has said that spot Ethereum ETFs will soon bloom.
In other news, two top altcoins, Dogecoin and NuggetRush, are seeing increased whale activities, resulting in a significant price pump. Read on to find out more about these exciting trends in the crypto market.
Whale Activity Surges, 204 Million NuggetRush (NUGX) Tokens Sold
NuggetRush (NUGX) is one of the new DeFi projects shaking up things in the blockchain gaming space. The project has introduced a new impact gaming model that extends the application of the game beyond its exciting virtual world.
In itself, NuggetRush is an immersive mining game where players recreate the gold rush. Players will participate in different mining operations, building their teams and companies in search of gold and other precious minerals. Where it gets exciting is that their rewards can be converted into real gold and cash.
This is where the impact gaming model kicks in, as a portion of these rewards will be sent to artisanal miners in developing countries. With this, NuggetRush extends into the real world, making it one of the best DeFi projects.
Because of this, there has been an incredible amount of demand for NuggetRush, with over 204 million NUGX sold in the process. In addition, the DeFi coin price has increased by 100% to hit a new high of $0.02. With the launch of NuggetRush coming up soon, experts have predicted a 50x rally, making it one of the top DeFi coins to buy now.
Jim Cramer Says Spot Ethereum ETF Will ‘Bloom’
The success of spot Bitcoin ETFs has raised excitement about the prospects of Ethereum (ETH). Jim Cramer, the host of CNBC’s Mad Money show, has re-echoed this sentiment, stating that an Ethereum ETF will soon bloom.
Despite the concerns about the SEC not giving approval, there is growing optimism about ETH in the crypto market. To counter this claim, Coinbase argues ETH’s price correlation across spot markets, tight spreads, and market depth are highly indicative of a market resilient to fraud and manipulation.
Many crypto experts are optimistic that the approval will make Ethereum a top crypto to buy. Several experts have predicted that ETH will set a new all-time high (ATH) above $5,000 after the approval.
Dogecoin (DOGE) Surges 50% As Whale Activity Rises
Dogecoin (DOGE) is one of the top altcoins that has attracted a ton of bullish sentiment in the past week. As Bitcoin led the way, the price of Dogecoin increased by more than 50% on the weekly timeframe to peak above $0.134 for the first time since April 2022.
On-chain data has shown that in this period, whales have moved over 276 million DOGE. WhaleAlert reported that a single whale moved over 172.8 million DOGE worth $16.59 million. The rise in whale activity hints at a growing bullish sentiment for Dogecoin.
In Conclusion
There are hopes that the approval of a spot ETF for Ethereum could spark its biggest rally in years. Dogecoin whales are anticipating a potential price surge, while the peculiar impact gaming model of NuggetRush has made it one of the hottest prospects in 2024.
