Bitcoin dominance drops below 50%; 3 low-cap coins on investors’ radar

• Bitcoin prices dipped below $41,200, and its dominance dropped below 50%.
• Velas and Astar are up by over 85% and 100%, respectively.
• Having sold over 159 million tokens, NuggetRush is now in its final presale round.

Bitcoin’s dominance is now below 50%, indicating a shift in power dynamics. Amidst this shift, a group of low-capitalization altcoins, including NuggetRush (NUGX), Astar (ASTR), and Velas (VLX), are drawing investors.

NuggetRush, a meme project blending blockchain technology, play-to-earn (P2E) gaming, social impact initiatives, and attractive rewards, is currently in the final stage of its presale. Astar and Velas, on the other hand, are firm.

NuggetRush: GameFi meets real-world benefits

 NuggetRush is a meme coin project with a play-to-earn (P2E) game. 

Players can collect character NFTs, RUSHGEMS, and in-game assets, stake them for rewards, and trade them for real-world value like cash and gold. 

In the ongoing presale, NuggetRush has raised over $1.8 million, selling over 159 million NUGX in five rounds. 

At this presale round, NUGX is available for $0.018.

NUGX will list for $0.020, a 100% return for early backers. 

The project’s vesting schedule allows investors to claim 50% of their tokens in the respective round they participated in.

Additionally, NuggetRush offers giveaways for active participants, zero taxes and fees, and an ambitious goal of achieving a $100 million market cap.

Bitcoin dominance falls below 50%

Bitcoin’s dominance, a measure of its market share relative to the entire cryptocurrency market, has dropped below 50%, indicating a decline in its overall influence. 

This decline coincided with an 11% price drop in the past seven days.

The approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) initially fueled investor optimism, but this sentiment has since moderated. 

The Crypto Fear and Greed Index, a gauge of market sentiment, has risen to 61 on CoinMarketCap, suggesting a shift from extreme fear to moderate fear. 

This suggests that the initial excitement over the SEC’s decision may have subsided, leading to a more cautious outlook among investors.

Velas up by 100%

Velas is designed to support decentralized applications with Ethereum Virtual Machine (EVM) capabilities. 

This network is known for its fast speed, powerful development resources, and high security and efficiency. 

Recently, Velas prices rose by 100% in 30 days. At this stage, it is up 380% from its all-time low. 

Astar hits key milestones

Astar Network now has over 650,000 ASTR holders. 

Additionally, Astar has incentivized teams within its ecosystem to develop usable products for users to engage with the protocol. 

ASTR rose by 311% last year, adding 85% in the past month.

Conclusion

NuggetRush, Velas, and Astar are trending higher, attracting investors. NuggetRush, in particular, has attracted meme coin investors looking for tangible utility and profitability potential.