Binance Coin (BNB) holders are disappointed with the news that Binance’s recovery fund has not been used as planned. Despite this, Render (RNDR) network metrics have increased in the last few months, and NuggetRush (NUGX) has attracted investors due to its ability to boost the earning potential of players. Investors are now asking if NUGX will be a successful ICO. Let us examine the experts’ opinions to gain an answer.
Binance’s Industry Recovery Initiative (IRI)
On October 10th, 2023, Bloomberg reported that Binance’s IRI budget has not been used as intended. The IRI was designed to help the crypto market recover after the November 2022 FTX-inspired crash. However, almost one year later, only $15 million of the $1 billion fund has been spent.
This news has come at a difficult time for BNB, as the token has been trading below $220 since September 1st. On October 10th, when Bloomberg’s report was released, BNB fell by 23.6% to $208.58. Binance has since claimed to have spent the IRI funds on 14 projects, including the purchase of the South Korean crypto exchange, Gopax, in February. BNB holders are hoping that Binance’s increased holdings will be a significant boost for the token, with expectations of BNB closing the year at $231.34.
NuggetRush: Real-World Utility for Meme Coins
Meme coins had very little to no real-world value until the launch of NuggetRush (NUGX). Through the game, players can build their own mining facilities, trade rare NFTs on the marketplace, and collect rare NFTs. Furthermore, they can assemble a team of experts to build a profitable mining enterprise.
NUGX offers several ways to earn money from in-game activities such as tournaments, quests, and battles. Players can also trade their in-game collectibles on the platform’s marketplace. NUGX has also created a community to support artisanal mining in developing countries.
The presale of NUGX is ongoing, and token holders from the first round are eligible to claim their tokens. After the presale is over, all holders are eligible to claim the remaining tokens. NUGX is expected to increase from its round 1 price of $0.010 to $0.012 by the next round, making it a top crypto to purchase now.
Render (RNDR) Continues Its Impressive Performance
Render (RNDR) network metrics have improved significantly over the past two quarters. Q2 results showed that almost 49,000 RNDR jobs were created. The number of frames rendered by (RNDR) year to date (YTD) has also increased.
Thanks to these impressive results, RNDR has experienced a sharp market recovery. It was trading at $1.44 on August 17th, but after the recent market crash, it rose by 20.1% to $1.73 by October 14th.
Analysts attribute RNDR’s sharp recovery to the release of Stable Diffusion Jobs in Q1 of 2023. If RNDR’s network metrics remain high, the token can rise 16.1% to $2.01.
