Friday, 12 April 2024

Crypto News

BEAM And Chiliz (CHZ) Retain Gains Amid Market Correction While NuggetRush Emerges As New Market Sensation

BEAM And Chiliz (CHZ) Retain Gains Amid Market Correction While NuggetRush Emerges As New Market Sensation


  • Investors are impressed with Beam’s February recovery.
  • Chiliz (CHZ) has also jumped to the $0.10 range.
  • NuggetRush (NUGX) has sold nearly 200 million tokens as its presale glory continues.

Beam has launched its bridge to Ethereum. Paris Saint Germain (PSG) has joined Chiliz as a validator.

NuggetRush (NUGX) has also gone a step closer towards launching its mining game after selling over 199 million tokens. Its mining adventures will offer gold rewards to gamers once it goes live. Yet, can NUGX join the best cryptocurrency investments of 2024? Let’s discuss.

>> Buy NuggetRush Now <<

BeamPrivacy Records February Surge

Beam has enjoyed increased investor sentiment in mid-February, continuing its late 2023 surge. Like many top altcoins that rallied at the end of 2023, Beam recorded a price decline in January. 

However, Beam has now recovered amid increased interest in its privacy tokens. BEAM traded at $0.09929 on January 15. It jumped by 3.9% to $0.1032 on February 9. BEAM fell by 5.4% to $0.09756 on February 12 before jumping by 14.5% to $0.1118 on February 23.

Analysts expect a jump in Beam’s services following the launch of its bridge to the Ethereum ecosystem. The bridge would enable smooth cross-chain transactions between both networks. 

Furthermore, demand for privacy coins is rising, as evidenced by Litecoin’s launch of Mimblewimble. Such demand could increase FOMO around BEAM, potentially pushing its price up by 34.9% to $0.1509.

Chiliz Partners with PSG Soccer Team

Chiliz (CHZ) has announced that Paris Saint-Germain (PSG), a French soccer club, would join its network. PSG would become a validator on the Chiliz chain. Furthermore, PSG announced that it would spend its revenue from validating Chiliz on buying fan tokens. The move represents Chiliz’s (CHZ) plans for network expansion.

The excitement around the news could boost CHZ’s recent performance. CHZ traded at $0.07759 on January 8. Over two weeks later, CHZ jumped by 38.9% to $0.1078 on January 25. CHZ fell by 7.9% to $0.09923 on February 5 before a 27.1% increase to $0.1262.

Chiliz (CHZ) could jump further due to plans for its Tokenomics 2.0 model. The upgraded tokenomics model would include a gradual decline in its annual inflation rate and a perpetual token burn mechanism. 

Increased token burns could boost demand for Chiliz, thus pushing CHZ’s value…

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