Since the Bitcoin halving, the dominance of BTC has been slowly dropping from over 57% to a low of 53.4%. Irrespective of the market-wide drop, two of the best altcoins have been BNB and NuggetRush, appreciating against BTC.
Bitcoin (BTC) Dominance Declines As Bearish Market Bites Harder
In anticipation of the fourth Bitcoin halving, the dominance of BTC was rising steadily, hitting 57.2%. However, post-halving, Bitcoin dominance has been on a decline. As per data from CoinMarketCap, the dominance of BTC has dropped to 53.4%. The declining dominance is a direct result of the drop in the price of Bitcoin.
Since hitting its all-time high of $73,800 in mid-March, the price of BTC has dropped below the $60,000 support. Although Bitcoin has quickly surpassed $60,000 once again, the leading crypto has been between $62,000 and $68,000 for the last three weeks. In addition, some of the top altcoins have performed better during this bear season, further decreasing the dominance of Bitcoin.
NuggetRush (NUGX) Leads Altcoin Rally, Gains 91% in a Week
NuggetRush (NUGX) is one of the top altcoins that have been rising while Bitcoin battles with bearish pressure. Since listing at $0.020 on Uniswap a week ago, the price of NUGX has jumped by 91% to trade as high as $0.0383. NuggetRush, however, is still considered one of the best-performing altcoins to buy.
It is expected that NuggetRush should reach about $1.00 by the end of 2024. Some bullish predictions for NuggetRush exist due to the incredible potential of the new crypto mining game that it launches. NUGX is listed as one of the best gaming tokens to buy as NuggetRush introduced something revolutionary to gaming.
NuggetRush is a game that allows you to mine gold and other precious minerals in a hyperrealistic virtual world created after the gold rush and get constant passive income even while having a lot of fun inside the game itself. Players’ cleverness, strategic thinking, and entrepreneurial skills will be put to the test during the game.
The task will be to establish a successful large-scale artisanal operation. They will use various kinds of equipment, mining strategies, and use popular NFT characters to search for gold and other valuable minerals. The rewards they get in the virtual world can be converted to NUGX ERC20 coins, cash, or rare gems, which is a satisfying gaming experience.
Binance Coin (BNB) Rises Against Bitcoin, Holds Above $600
Like NUGX, Binance Coin (BNB) has been exceptional during the ongoing crypto crash. Despite a market-wide decline, BNB has shown resistance, holding above the $600 level. In addition to being one of the best altcoins to buy, BNB has been rising against Bitcoin.
In April, BNB outperformed BTC by more than 12%. Over the last 60 days, the price of Binance Coin has increased by 50% while BTC is up by only 5%. BNB is expected to extend its gains over the next few weeks. With predictions of a rally above $700 for a new ATH, BNB is now one of the best alt tokens to buy.
In Conclusion
With Bitcoin dominance declining, NuggetRush and Binance Coin are the two altcoins capitalizing on the bearish pressure in the market. In addition, they are expected to record even more price increases in the next few weeks, making them some of the top crypto coins to buy and HODL in 2024.
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