FTX Granted Approval to Sell Trust Assets, Time to Buy More MANA, Algorand, and NuggetRush?
TLDR
FTX received approval to sell its Grayscale and Bitwise trust assets, worth almost $900 million.
Investors have been accumulating more Decentraland, Algorand, and NuggetRush tokens because of their explosive upside potential.
NuggetRush is tipped for a 50x increase after launch.
FTX was one of the world’s largest trading platforms before its bankruptcy in November 2022. In an effort to repay creditors, FTX received court approval to sell almost $900 million in Grayscale and Bitwise trust assets. This permission was given by a Delaware bankruptcy court document filed late last month.
Amidst this, investors are on the lookout for the next token to skyrocket. Primed for explosive growth are Decentraland (MANA), Algorand (ALGO), and NuggetRush (NUGX), making them altcoins to watch. This post will cover why the aforementioned tokens are the best coins to invest in now. Let’s begin.
Table of Contents
NuggetRush (NUGX): A Blend of Memes, P2E, and GameFi
NuggetRush (NUGX) is fast becoming an investor favorite. This top ICO stands out for its immense growth potential and unique offerings. As a result, there is a growing interest in the presale, with investors aiming to become early holders and adopters.
Its fascinating blend of memes, play-to-earn (P2E), and GameFi distinguishes it from many. As a result, it appeals to investors and enthusiasts across the crypto landscape, making it primed for explosive growth.
As a memecoin, it aims to build a strong community, which will propel its growth. Meanwhile, as a P2E game, it promises a thrilling gameplay experience and will reward players for playing the gold mining game.
However, it will be more than just a game. It intends to support deserving causes, for example, by contributing to the betterment of artisanal miners in underdeveloped countries. It seeks to achieve this by giving them a share of in-game purchases and rewards.
The presale is in its early stages, currently in stage three. It is currently priced at $0.013 per token and is projected to rise in value throughout the event. According to analysts, the price could rise by up to 50x after launch, positioning it as the best new crypto to invest in now.
Decentraland (MANA): Primed for Explosive Growth
Decentraland (MANA) is a big player in the metaverse crypto niche. The virtual reality platform allows users to create, experience, and monetize content and applications. With the metaverse set to disrupt social interaction and all of life’s aspects, Decentraland is positioned as a good crypto to buy.
At its current price—below $0.50—it has significant upside potential. Before the end of 2023, it is expected to reach $0.60 in valuation. With 2023 set to be a bull market, Decentraland appears poised to for upside momentum.
According to experts’ forecasts, MANA could reach $10.00 during the bull market. This will see it surpass its all-time high of $5.90 and go on to make new price discoveries. At the moment, it is one of the tokens investors have increasingly added to their positions.
Algorand (ALGO): Positioning for Gains
Another token investors have been accumulating quietly is Algorand (ALGO). It is a blockchain platform that supports decentralized applications (dApps). It stands out thanks to its focus on scalability and novel consensus mechanisms (Pure Proof of Stake).
Since its launch, Algorand has become a popular destination for decentralized finance (DeFi) solutions. Therefore, its token is one of the top altcoins on the market.
In addition to its solid fundamentals, it is also undervalued. This makes it a crypto with substantial growth potential. Hence, investors have been buying more Algorand, hoping to position themselves for massive gains.
Conclusion
FTX will sell its Grayscale and Bitwise trust assets after receiving approval from the Delaware bankruptcy court. As investor confidence in the crypto space grows, traders are accumulating more Decentraland, Algorand, and NuggetRush tokens. They have unique offerings and significant upside potential, making them promising investments.