Ethereum

Bitcoin

Pace

<img src="https://cdn.thebittimes.com/images/2024/03/09/1709949865.webp" alt="">
<h2 dir="ltr" id="span-tldr-span">TLDR</h2>
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 <li dir="ltr" aria-level="1">Bybit Research reports a surprising shift in institutional sentiment favoring Ethereum (ETH) over Bitcoin (BTC). In January 2024, institutions allocated 39.82% to ETH and 39.49% to BTC. The trend towards allocations to the big cryptos increased from 50% to 80% within a year.</li>
 <li dir="ltr" aria-level="1">NuggetRush (NUGX) is a crypto project featuring an engaging play-to-earn (P2E) gaming platform on the Ethereum blockchain. It combines gold mining, cryptocurrencies, and artisanal mining, offering in-game assets and contributing to less-developed countries' mining sectors.</li>
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Bybit Research, published on February 27, 2024, revealed a surprising shift in institutional sentiment, with Ethereum (ETH) surpassing Bitcoin (BTC) in favor among institutions. In addition to the cryptocurrency market dynamics, <a href="https://nuggetrush.io?utm_source=PR&amp;utm_medium=organic&amp;utm_campaign=tbm&amp;utm_content=4" target="_blank" rel="noopener noreferrer nofollow">NuggetRush’s (NUGX) </a>presale has stolen the spotlight with a unique blend of gaming, cryptocurrency, and real-world benefits. Here is why NuggetRush is thriving in a bullish market dominated by Bitcoin and Ethereum.
<a href="https://nuggetrush.io?utm_source=PR&amp;utm_medium=organic&amp;utm_campaign=tbm&amp;utm_content=4" target="_blank" rel="noopener noreferrer nofollow">&gt;&gt;Buy NuggetRush Now&lt;&lt;</a>
<h2 dir="ltr" id="span-bybit-s-report-ethereum-surpasses-bitcoin-in-institutional-favor-span">Bybit's Report: Ethereum Surpasses Bitcoin in Institutional Favor</h2>
Surprisingly, institutions favor Ethereum (ETH) over Bitcoin (BTC), according to crypto news research published by Bybit Research on February 27, 2024. The company stated that the development marks a notable shift in sentiment, as institutions traditionally have been more bullish on Bitcoin (BTC) than Ethereum (ETH).
The<a href="https://drive.google.com/file/d/1KdMvwQFekzhpNjqpFLhDDjHMFiI0wE1H/view" target="_blank" rel="noopener noreferrer nofollow"> report</a> highlighted that institutions started shifting towards Ethereum (ETH) in September 2023 and gained momentum in January 2024, reaching almost 40%. In January, institutions allocated 39.82% of their holdings to Ethereum (ETH) while investing 39.49% to Bitcoin (BTC).
Bybit mentioned that the allocations increased from 50% to 80% since its previous report in 2023. The increase shows a clear preference for Bitcoin (BTC) and Ethereum (ETH) among institutional investors.
According to Bybit, the increase in Ethereum holdings can be attributed to the expected Dencun upgrade, set for launch in March 2024. Also, the surge might be credited to market optimism about the approval of an Ethereum (ETH) spot ETF by the US SEC by the end of 2024. If this approval is granted, it might further enhance ETH’s status and boost institutional interest in the altcoin.
While institutional investors shift their focus, retail investors have different opinions, and they are more bullish on Bitcoin (BTC). Analysts say the move by retail investors is encouraged by Bitcoin’s (BTC) 20% increase since the start of 2024, outpacing the performance of most cryptos.
On March 5, 2024, Bitcoin (BTC) was trading above $66,700.00, up 17.85% in the past week. Experts say Bitcoin (BTC) will rise to a new all-time high (ATH) of $70,500.00 by the end of March, supported by increased demand.
On the other hand, Ethereum (ETH) was trading above $3,700.00 on March 5, up 13.85% in the past week. Analysts insist that ETH will rise to $3,950.15 by the end of March, powered by developments on its network.
<h2 dir="ltr" id="span-nuggetrush-nugx-a-unique-blend-of-skill-and-entertainment-in-gaming-span">NuggetRush (NUGX): A Unique Blend of Skill and Entertainment in Gaming</h2>
<a href="https://nuggetrush.io?utm_source=PR&amp;utm_medium=organic&amp;utm_campaign=tbm&amp;utm_content=4" target="_blank" rel="noopener noreferrer nofollow">NuggetRush (NUGX)</a> has taken over the crypto space since the launch of its presale. The project features an engaging gaming platform that seamlessly blends skill, entertainment, and tangible physical world benefits.&nbsp;
The game sends users into an epic world featuring memes, game controllers, blockchain technology, strategic gameplay, and appealing in-game rewards. This combination helps deliver an exciting and adventurous gaming experience.
By smoothly blending gold mining, cryptos, and physical artisanal mining in a play-to-earn (P2E) platform, NuggetRush (NUGX) delivers an immersive journey that offers in-game assets to the participants and plays an integral role in enhancing the mining sector in less-developed countries.
Interestingly, NUGX is a governance token on NuggetRush’s platform, hosted on the Ethereum blockchain. Hence, the project guarantees to offer enhanced security, transparency, and opportunities for gamers globally to earn passive income.
While participating in NuggetRush’s game, the game characters are cool NFTs, which help inspire gamers since they add opportunities for players to earn more income. These characters are a great addition to the investors’ collectibles as they rush to buy NuggetRush (NUGX) before its presale phase concludes.
NuggetRush (NUGX) has features that offer a sustainable strategy for value growth, helping attract players seeking its distinct value proposition. Some unique features by NuggetRush (NUGX) include a play-to-earn coin, ecosystem participation rewards, and a GameFi concept enabling in-game assets to be exchanged for physical assets like gold and cash.
NuggetRush (NUGX) works as a player-driven peer-to-peer NFT marketplace, enabling players to customize their avatar NFTs and trade or sell them in the general market.
Currently, in the Launchpad round, NUGX is trading at $0.019 per token and is set to increase to its listing price of $0.020 at the end of this round. The project has sold over 211 million NUGX tokens and raised over $2.7 million. The many utilities and massive growth potential make it the best crypto investment, as more investors rush to buy before its price explodes.
<a href="https://nuggetrush.io?utm_source=PR&amp;utm_medium=organic&amp;utm_campaign=tbm&amp;utm_content=4" target="_blank" rel="noopener noreferrer nofollow">Visit NuggetRush Presale Website&nbsp;&nbsp;</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bybit-report-shows-high-institutional-investment-allocation-in-btc-and-eth-nuggetrush-presale-moving-at-unprecedented-pace-tbt82061.html">https://thebittimes.com/bybit-report-shows-high-institutional-investment-allocation-in-btc-and-eth-nuggetrush-presale-moving-at-unprecedented-pace-tbt82061.html</a>

Bybit Report Shows High Institutional Investment Allocation In BTC And ETH; NuggetRush Presale Moving At Unprecedented Pace

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