Bitcoin accumulation trend hits 3-year high as Cardano and NuggetRush show positive signs

As Bitcoin (BTC) speculates about a major bull market, investors are on an accumulation spree and buying has reached a three-year high.

Currently, Cardano (ADA) and NuggetRush (NUGX) have also emerged as interesting coins.

>> Visit the NuggetRush presale

Bitcoin (BTC) accumulation trend hits 3-year high

Although January offered a mix of bullish and bearish sentiments, crypto investors appear to be expecting a strong uptrend in 2024. This can be seen as Bitcoin is on its biggest accumulation streak in over three years.

As Ali Martinez reported, Bitcoin's Accumulation Trend Score has remained close to 1 over the past four months. He notes that this reflects growing confidence in Bitcoin. This is also one of the impacts on the Bitcoin ETF market as 67 new companies gobbled up over 1,000 BTC in just two weeks.

This accumulation also comes just weeks before the fourth Bitcoin halving. Although BTC is hovering around the $43,000 mark, many experts expect the price to surpass $100,000 before the end of 2024.

NuggetRush (NUGX) is emerging as a GameFi market alternative

As Bitcoin takes the lead, the rest of the crypto market tends to follow suit. In the GameFi market, NuggetRush (NUGX) has emerged as an interesting alternative due to its unique features.

The game was based on the famous gold rush model. Players enter the hyper-realistic virtual world in search of gold and other precious metals. They will set up their mining operation in search of these treasures. The game requires mining skills provided by some of the coolest NFTs in gaming.

The greater a player's knowledge and equipment, the greater their chances of finding these treasures that can be converted into real gold and cash.

Players can also receive the ERC20 coins from the NUGX platform for their achievements. The presale price for NUGX is $0.018 per coin.

>> Visit the NuggetRush presale

Cardano (ADA) could rise by 40% in the coming weeks

Cardano (ADA), like most of the crypto market, struggled in January. In January alone, the altcoin lost more than 20% of its value. Despite the poor start to the year, market analyst and trader Crypto ZX said things could change in the coming weeks.

The analyst has noted that ADA could witness a 40% breakout if it manages to sustain above the $0.4500 support in the coming days. If this happens, the altcoin price could regain the $0.600 resistance for the first time since mid-January.

Bitcoin accumulation trend hitting a 3-year high presents a bullish picture for the crypto market. Cardano and NuggetRush have also emerged as altcoins to keep an eye on.

Visit the NuggetRush presale website

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