Crypto Market Rises Bullish as Bitcoin (BTC) Surpasses $68,000; Theta Network (THETA) and NuggetRush (NUGX) Brace for a Price Explosion

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TLDR:

• The cryptocurrency market is now in hyper-bullish mode after Bitcoin surpassed $68,000 nearing all-time highs.
• A major announcement caused the price of Theta Network to rise by 45%.
• NuggetRush has seen a 90% surge, but is poised to make money even before launch.

Bitcoin (BTC) continued to extend its gains over the past week, surpassing $68,000 for the first time since November 2021. BTC’s rally set the pace for the rest of the cryptocurrency market, with Theta Network (THETA) and NuggetRush (NUGX) which have established themselves as two of the best cryptocurrencies to buy and HODL this bull season. Read on to find out their performance.

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Bitcoin (BTC) Market Cap Reaches New ATH, Price Is Set to Follow

Capital inflow from institutional investors continued to increase, pushing the price of Bitcoin to $68,900 for the first time since November 2021. Given the continued surge in price, Bitcoin’s market capitalization has reached a new all-time high of 1.33 billion dollars.

Sam Wouters reported that Bitcoin reached new ATHs in 14 of the top 20 fiat currencies. Given the growing bullish momentum and FOMO in the market, BTC could mark a new ATH by the end of this week.

The impending halving, growing investor interest in cryptocurrencies and inflows into spot BTC ETFs have contributed to the price rising. Many cryptocurrency experts predict that the price of Bitcoin will surpass $100,000 before the halving, which will occur in less than 50 days.

NuggetRush (NUGX) is poised for an explosive rally in the coming weeks

NuggetRush (NUGX) has been trending higher, with BTC leading the way. NUGX emerged as one of the top altcoins and its price surged 90% to reach a new high of $0.019 per token. Despite this, cryptocurrency gurus have high hopes for NuggetRush, which could become one of the market leaders in 2024, with profits of up to 25x.

The main reason for the bullish predictions for NuggetRush is the hyper-realistic mining virtual world it has created. NuggetRush is expected to launch in the next few weeks and will offer a mining experience that can be described as a gold rush. Players will be able to carry out different mining activities, hire miners and grow their works to find gold.

The fact is that the virtual gold that accounts for most of NuggetRush’s appeal is convertible into real money or gold in its marketplace. The NuggetRush team is also incredibly community-focused, and ownership of smart contracts will be relinquished after launch to give the community more control.

Thanks to its interesting features, NUGX has been one of the most requested ERC20 tokens, with over 210 million pieces purchased in recent weeks. The team also raised over $2.6 million before launch, making it one of the best DeFi projects.

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Theta Network (THETA) jumps 45% and is preparing to extend the rise

Over the past month, Theta Network (THETA) has been among the top cryptocurrencies for profits. Thanks to an increase of more than 45% on the monthly chart, the price of the altcoin rose above $3.10 for the first time since April 2022.

THETA price rally began after the team announced the launch of Theta EdgeCloud phase. Theta EdgeCloud is scheduled to launch in the second quarter and aims to usher in a new era of AI computing. As Theta incorporates more AI, one of the hottest tech trends, cryptocurrency analysts are optimistic about its listing in the coming months.

Final thoughts

While Bitcoin leads the way, the overall cryptocurrency market has continued to post significant gains. Theta Network and NuggetRush are two prominent altcoins that every investor should consider investing in, as they are outperforming the broader market and look to extend their gains in the coming weeks.

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