Render

Diffusion

Coin

<div class="coinjournal">
 <ul type="disc">
  <li>Binance fails to implement its crypto market recovery fund, yet BNB forecasts remain bullish.</li>
  <li>Render’s (RNDR) Stable Diffusion Jobs spur high network activity.</li>
  <li>NuggetRush (NUGX)&nbsp;is building a community of interested miners to help support Artisanal miners through NFT gaming.</li>
 </ul>
 <p><a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> Coin (BNB) holders have been disappointed to learn that <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>’s recovery fund has barely been utilized as planned. In contrast, Render (RNDR) network metrics have been rising in the past few months. Still, NuggetRush is attracting investors as it provides a way to increase the earning potential of gamers.&nbsp;</p>
 <p>Now, investors are wondering if NUGX can become a top ICO project. Let’s review some of the experts’ opinions to get the answer.</p>
 <h2 id="binance-s-iri-fund-fails-to-yield-desired-effects">Binance’s IRI Fund fails to yield desired effects</h2>
 <p>On October 10, 2023, Bloomberg reported that <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>’s Industry Recovery Initiative (IRI) has not been spent as intended. The IRI was meant to boost the recovery of the crypto market following the November 2022 FTX-inspired crash. Yet, almost one year later, BNB’s <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> exchange has only spent $15 million out of the $1 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> fund.</p>
 <p>Bloomberg’s reports come amidst BNB’s market struggles. Since the start of October, BNB has remained below $220 following the September woes that affected most tokens. BNB was trading at $213.63 on September 1. Yet, BNB fell by 23.6%&nbsp;to $208.58 on October 10 after Bloomberg’s report was released.</p>
 <p><a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> claims to have spent some of its recovery funds on about 14 projects. Most notably, <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> purchased Gopax, a South Korean crypto exchange, in early February. BNB holders expect the increase in <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a>’s holdings to be a massive boost for the token.&nbsp;</p>
 <p>These holders expect BNB to end the year trading at $231.34. If BNB rises further, it could become one of the best cryptocurrency investments of 2023.</p>
 <h2 id="nuggetrush-giving-real-world-utilities-to-the-meme-coin-industry">NuggetRush: giving real-world utilities to the meme coin industry</h2>
 <p>Before now, meme coins had little to no real-world utility. As such, they were considered highly volatile assets. That was until the launch of&nbsp;NuggetRush (NUGX). Like most play-to-earn games, NuggetRush allows players to&nbsp;earn extra money for its immersive in-game experiences.</p>
 <p>It consists of building a mining empire by finding mining sites and collaborating with experts and other gamers. The game lets players set up mining facilities, collect rare NFTs, and trade in-game assets on its marketplace. Furthermore, players can become “master miners” by assembling a team with unique skills to help build a profitable mining empire.</p>
 <p>NuggetRush (NUGX)&nbsp;offers several opportunities to earn money from in-game activities. Players can get rewards from tournaments, quests,&nbsp;and battles. Furthermore, players can trade their in-game collectibles on the platform’s marketplace. It also allows players to support artisanal mining communities in third-world countries.</p>
 <p>As NuggetRush’s (NUGX)&nbsp;presale is ongoing, it offers players opportunities to claim tokens. Every round of its presale offers token-claiming opportunities to token holders of that round. Yet, when NuggetRush’s presale is over, all holders are eligible to claim its remaining tokens.&nbsp;</p>
 <p>NUGX&nbsp;will rise from its round 1 price of $0.010 to $0.012 by the next round. Such a 20% increase would make NUGX a top crypto to buy now.</p>
 <h2 id="render-rndr-continues-its-impressive-october-recovery">Render (RNDR) continues its impressive October recovery</h2>
 <p>Render (RNDR) network’s metrics have improved significantly over the past two economic quarters. Its Q2 metrics showed that nearly 49,000 Render (RNDR) jobs had been created. Render (RNDR) also showed a year-to-date (YTD) growth in the total number of individual frames rendered.</p>
 <p>Its impressive network performance has led to RNDR’s sharp market recovery. Render (RNDR) was trading at $1.44 on August 17 following the market slump. Yet, Render’s rising metrics propelled RNDR up by 20.1% to $1.73 by October 14.&nbsp;</p>
 <p>Analysts have pinned Render’s (RNDR) sharp recovery on the release of Stable Diffusion Jobs introduced in Q1 2023. They conclude that RNDR could rise by 16.1% to $2.01 if Render’s network metrics remain high.&nbsp;</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-s-ceo-1-billion-rescue-plan-fails-nuggetrush-and-render-keep-delivering-tbt67251.html">https://thebittimes.com/binance-s-ceo-1-billion-rescue-plan-fails-nuggetrush-and-render-keep-delivering-tbt67251.html</a></p>

Binance’s CEO $1 billion rescue plan fails, NuggetRush and Render keep delivering

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TheBitTimes

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