Bitcoin bulls target $50k, NuggetRush and Bonk vie for dominance
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- Capital flowing into spot Bitcoin ETFs
- Bonk has little upside potential in 2024.
- NuggetRush may rally after launching
Investor sentiment post spot Bitcoin ETF approval has been upbeat. In the wake of this frenzy, this post will discuss whether Bitcoin (BTC) will hit $50,000 in the coming sessions.
Meanwhile, a new Bonk (BONK) competition has emerged in NuggetRush (NUGX), a new P2E memecoin.
NuggetRush versus Bonk
NuggetRush blends utility and memetic features.
Analysts say it offers a better alternative to Bonk.
The platform combines gaming with memes. As a play-to-earn project, it will offer in-game items.
NUGX is also useful in governance.
The token is available for $0.015 in round four of its presale. However, on launching, analysts expect the token to rally.
Bitcoin to $50k?
Bitcoin is in focus following the approval of several spot Bitcoin ETFs on Jan. 10.
Even with this excitement, BTC prices are lower.
Nevertheless, with massive inflows entering the spot Bitcoin ETF market, BTC may benefit.
In its first three days of trading, spot Bitcoin ETF trading volume rose above $9.4 billion.
At this pace, some analysts expect Bitcoin to spike, even breaking above $50k.
Has Bonk peaked?
Bonk, a meme coin on Solana, soared in 2023.
However, following this surge, the token is heading lower when writing.
Although underwhelming of late, analysts still believe Bonk may recover in the sessions ahead.
Conclusion
With capital flowing to spot Bitcoin ETFs, BTC may rally to $50k. Meanwhile, NuggetRush, with its blend of memes and utility, is considered an alternative to Bonk.Â
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