US SEC Postpones Decision on BlackRock’s Ethereum ETF; Shiba Inu and NuggetRush Skyrockets

TLDR:

• The US SEC has delayed its decision on BlackRock’s Ethereum spot ETF.
• Shiba Inu price has surged 289.8% as Shibarium hit new levels.
• NuggetRush has raised over $2.7 million in its presale and is now targeting $3 million.

According to the latest announcement, the US SEC has postponed its decision on BlackRock’s Ethereum spot ETF. Meanwhile, two top DeFi projects, Shiba Inu and NuggetRush have hit new targets.

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NuggetRush (NUGX) Sets Sight on $3 Million

NuggetRush (NUGX) is being hailed as a top ICO following its achievements. They include the sale of over 211 million tokens, a remarkable 90% increase in value, and the raising of $2.7 million. 

With plans to reach a $3 million funding target before the close of its crypto ICO and plans to distribute over 211 million NUGX tokens, the project is attracting significant attention.

NuggetRush aims to blend play-to-earn gaming with the appeal of meme culture in a mining game. Within its mining game, users will embark on quests for gold and other valuable minerals. The game is designed to foster community spirit and interaction through various competitions. 

Additionally, NuggetRush plans to introduce the coolest NFTs alongside an NFT marketplace, enabling players to trade in-game assets and NFTs. Priced at $0.019, the NUGX token is central to unlocking the game’s full array of offerings, establishing it as a top crypto to buy.

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Ethereum (ETH) ETF Delayed Again 

The United States Securities and Exchange Commission (SEC) has postponed its decision on BlackRock’s application for an Ethereum ETF once more. BlackRock’s ETF proposal has experienced previous delays, including one in January after the SEC had approved various Bitcoin ETFs. 

This continued delay shows the regulatory body’s cautious approach towards greenlighting more crypto ETFs. Meanwhile, Ethereum’s price has witnessed a 13.5% price surge in the past week, climbing from $3,217.96 to $3,891.09. 

ETH has outperformed its 2023 year-to-date price with a gain of 135.5%. Despite the delay in the Ethereum ETF launch, analysts are bullish that Ethereum can surpass its ATH of $4,891.7. They have predicted a potential price jump to $5,000 in the coming weeks. 

Shiba Inu (SHIB) Surges, Shibarium Hits New Targets 

Shiba Inu (SHIB), one of the most popular meme coins, has been one of the dark horses in the market lately. The meme coin has produced a 289.8% increase on the weekly price chart.

It jumped from a low of $0.00001036 to a weekly peak of $0.00004566. Interestingly, this rally was followed by an uptick in daily active addresses and put over 84% of SHIB investors in profit per data from IntoTheBlock.

The price surge coincides with a milestone achieved by Shibarium. Data from the Shibarium scan showed that total blocks on the network have surpassed the 3.5 million mark. Analysts have forecasted another price pump for Shiba Inu, setting price targets of $0.0000583 and $0.0000856.

Final Thoughts 

While the SEC continues to delay its verdict on the numerous Ethereum ETF applications, the ERC20 coins, Shiba Inu, and NuggetRush are gearing up for more gains. Shiba Inu is looking to hit new price targets, while NuggetRush wants to raise $3 million and sell over 211 million tokens.

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