The cryptocurrency market constantly experiences volatility, making it a tumultuous scene for interested investors. Those who dare to participate must be willing to bear any losses they may incur while seeking the the best cryptocurrency to invest.
US authorities have been applying regulatory oversight to protect its citizens and taking legal action against major players in the crypto industry. Kucoin (KCS) caught the attention of New York authorities, and the lawsuit process has caused its native token to plummet 16%.
Not all is gloomy in the market, as NuggetRush (NUGX), a promising meme coin, records a successful pre-sale, exceeding expectations and reaching milestones. In an unexpected move, the token has raised over $950,000 for further development.
Investors are rushing towards this project to earn high returns from its significant success. This article explores the notable drop in Kucoin DeFi coin price and the rise of NuggetRush as its pre-sale progresses.
NuggetRush (NUGX): Merging GameFi and Impact Gaming
NuggetRush has raised a whopping $950,000 thanks to its growing pre-sales so far. This phase was created to offer early entry to potential investors at discounted prices and saw impressive success. The NUGX pre-sale is divided into five rounds to provide early investors with the best returns. The first round was sold at 0.01 USDT, offering a 100% upside for early stages. NUGX sponsors.
More than 86 million tokens have been purchased, and the enthusiasm with which investors are acquiring them means a successful run for the project as it aims to reach a hard cap of 215 million tokens.
The NuggetRush pre-sale is currently in the third round and each token is selling at 0.013 USDT, a 53% increase pending the token listing at a DeFi coin price of 0.02 USDT. There is less than 23% left for the ongoing round, after which the price will rise to 0.015 USDT.
This Blockchain ICO It is attracting a lot of attention due to its play-to-earn mechanism. Within its ecosystem, investors can participate in exciting games hosted in the metaverse, where they can explore mines in search of treasure and enjoy an exciting gold rush while doing so.
Players can develop their characters to survive the journey and earn rewards with real-world utilities delivered to their doors. Under this model, even artisanal miners in underdeveloped regions would reap the benefits.
Earning on the NuggetRush platform is not limited to GameFi. Token holders can join the Rush Guild, which offers members exclusive rewards and access to governance rights.
The staking protocol on this platform also offers investors a 20% APY, rewarding them for staking, increasing demand for the token and possibly causing its market value to increase. The NFTs obtained from the game in this next Blockchain ICO It can also be traded on the platform's peer-to-peer market.
Kucoin (KCS): support for decentralized financial services
K.C.S. faces a market crash as the price of its currency plummets. Its parent company, Kucoin, is undergoing a crackdown on blockchain regulatory activities in the US. The lawsuit, which Attorney General Letitia James launched in March, sanctions the leading cryptocurrency exchange for failing to register its platform before offering services. commercials in Kucoin to the citizens of New York.
The New York Supreme Court revealed that Kucoin has agreed to pay a $22 million settlement. Of the $22 million, $5.3 million is a fine for the state, while the remaining $16.7 million would be used to reimburse some 178,000 affected New York investors.
The exchange would also be mandated to terminate access for users who reside in the state. Your native token, K.C.S.has fallen 16% in the parallel market as investors react and market sentiment changes in response to the news.
Conclusion
The cryptocurrency market is undergoing a shakeup as authorities crack down on major regulatory players. Kucoin, which has received this attention for months, finally settled, paying $22 million in fines and agreeing to exclude New York residents from accessing its platform. Its native token is suffering from this change, plummeting by 16%.
The crisis did not deter investors, and in their search for the best cryptocurrency to invest To earn significant returns, they have turned their attention to NuggetRush. Pre-sales for the project have raised almost a million dollars and counting. At the conclusion of its third stage, investors can purchase tokens using Tether, Bitcoin, Ethereum and Visa.
