Binance CEO’s $1 Billion Rescue Plan Fails, Nugget Rush and Render Continue to Deliver
Binance fails to implement crypto market recovery fund, but BNB forecasts remain bullish Render's (RNDR) stable distribution operations promote high network activity. NuggetRush (NUGX) is building a community of miners interested in supporting artisanal miners with NFT gaming.
Holders of Binance Coin (BNB) were disappointed to learn that the Binance recovery fund was not being used as planned. In contrast, the network metrics of Render (RNDR) have been increasing over the past few months. Still, Nug Rush is attracting investors as it offers a way for players to increase their earning potential.
Now, investors are wondering if NUGX can become a top ICO project. Let's review some expert opinions to find the answer.
Binance's IRI fund failed to produce the desired results
On October 10, 2023, Bloomberg reported that Binance's Industry Recovery Initiative (IRI) was not being used as intended. The IRI was intended to boost the crypto market's recovery following the November 2022 FTX-induced crash. Yet, nearly a year later, the BNB Binance exchange has only released $15 million of its $1 billion fund.
Bloomberg's reports come amid BNB's market struggles. Since early October, BNB has held most of its marks below $220 after the September woes. BNB was trading at $213.63 on September 1st. However, after the Bloomberg report was released, BNB fell by 23.6% to $208.58 on October 10.
Binance said it spent some of its recovery funds on about 14 projects. Notably, Binance bought Gopax, a South Korean crypto exchange, in early February. BNB holders expect the increase in Binance's holdings to be a big boost to their accuracy.
These holders expect BNB to end the year trading at $231.34. If BNB rises further, it could be one of the best cryptocurrency investments of 2023.
NuggetRush: Providing real-world resources for the meme coin industry
Before now, meme coins had no real-world utility. According to them, they were considered very volatile assets. That was until NUGX launched. Like most play-to-earn games, Nug Rush allows players to earn extra money for its immersive in-game experiences.
It involves building a mining empire by finding mining sites and cooperating with experts and other players. The game allows players to establish mining sites, collect rare NFTs, and trade in-game assets through the marketplace. In addition, players can become “Master Miners” by assembling a team of unique talents to help build a profitable mining empire.
NuggetRush (NUGX) offers many opportunities to earn money from in-game activities. Players can earn rewards from tournaments, missions, and battles. Players can also trade their in-game collections on the platform's marketplace. It also allows players to support artisanal mining communities in third world countries.
The NuggetRush (NUGX) pre-sale is ongoing, giving players opportunities to claim tokens. Each round of pre-sale offers the holders of that round opportunities to claim tokens. However, when the Nug Rush presale ends, all holders are eligible to claim the remaining tokens.
NUGX price will rise from $0.010 in round 1 to $0.012 in next round. A 20% increase like this makes NUGX a top crypto to buy right now.
Render (RNDR) continues its impressive October recovery.
Render (RNDR) network metrics have improved significantly over the past two economic quarters. Q2 metrics show that approximately 49,000 Render (RNDR) jobs were created. Provider (RNDR) has seen year-to-date (YTD) growth in total number of individual frames recorded.
The impressive network performance has led to RNDR's sharp market recovery. Render (RNDR) was trading at $1.44 on August 17 following the market crash. Yet, Render's growing metrics pushed RNDR up 20.1% to $1.73 on October 14.
Analysts have chalked up the sharp recovery of Rendezvous (RNDR) to stable distribution operations introduced in Q1 2023. They concluded that RNDR could rise by 16.1% to $2.01 if Render Network's metrics remain high.
