Outside Source
TLDR:
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Crypto analyst Ali Charts has predicted Cardano will hit $0.68.
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Justin Sun has burnt $50 million worth of Huobi Tokens from circulation, effectively lowering the total supply to 110 million.
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NuggetRush’s smart contracts have been audited by SOLIDProof to ensure user safety.
Top crypto market expert Ali Charts has forecasted that Cardano could rise to $0.68 if it crosses two major resistances. Meanwhile, Justin Sun has reduced the circulating supply of Huobi Tokens by burning $50 million worth.
In other developments, NuggetRush has been tipped as one of the best DeFi projects as it is safe for investors. SOLIDProof has audited its smart contracts to ensure there are no bugs.
NuggetRush (NUGX): A Safe Platform for Investors
NuggetRush (NUGX) is gearing up to roll out a play-to-earn (P2E) game, aiming to entertain players while also benefiting NUGX holders. The game will have trending NFTs, which players can trade on the platform’s marketplace.
NUGX, the native token, will serve as the game’s currency. Players can exchange in-game assets for NUGX or other NFTs. Additionally, they can stake their NFTs to get up to 20% APY. Meanwhile, NUGX is not just a utility token for in-game transactions; it also gives holders governance rights. This aligns with NuggetRush’s commitment to decentralization.
In terms of security, SolidProof has audited the platform’s smart contracts to ensure there are no bugs. With these features and wife utility, NuggetRush is poised to become one of the top crypto coins to buy.
It is one of the top ICOs in the market right now and is priced at $0.018 with a 50x potential on the horizon. Investors have been excited about the project, and they have amassed over 177 million NUGX tokens.
Cardano (ADA) To $0.68 – Ali Charts Forecasts
In a recent tweet, crypto analyst Ali Charts noted that Cardano (ADA) faces tough resistance between the $0.54 and $0.56 price levels. According to the analyst, this level has over 50,000 addresses which hodl about 2 billion ADA.
Ali stated that surpassing this price level could push the price of the Cardano coin to $0.68. At the moment, Cardano has seen a 6.3% price pump that has pushed it from a 7-day low of $0.4753 to a peak of $0.564.
Although the altcoin has seen a little price increase on the weekly chart, it is down 2.7% on the monthly chart. Nevertheless, investors are bullish on a potential rally to $0.60.
Moreover, Cardano’s technical indicators support this bullish movement. First, Cardano trades above the 50-day SMA ($0.525331) and 200-day SMA ($0.386974). Also, its RSI is above the 50 mark and is rising towards the overbought region.
Huobi Token (HT) To Begin Massive Token Burn
Justin Sun, a top figure in the crypto community, announced that he has burned $50 million worth of HT tokens, reducing the total to 110 million. He plans to further reduce this by burning an additional 10 to 15 million HT in the coming weeks.
According to him, the aim is to burn more tokens till the circulating supply drops to 95 million HT. This action is part of a larger initiative that burned 86.64 million HT tokens over the past month, including those held by teams and exchanged by users for HTX.
Sun’s strategy to reduce Huobi Token‘s circulating supply is to induce scarcity. Consequently, this could boost the altcoin price in the long run. Meanwhile, Huobi Token is trading at the $1.80 – $2.90 price level after dropping 35.5% in the past week.
Final Words
With the latest resurgence in the crypto market, analysts are bullish that Cardano and NuggetRush will rise to new highs in the coming months. Also, NuggetRush’s upcoming platform will push the token to a new ATH.
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