Binance’s CEO $1 billion rescue plan fails, NuggetRush and Render keep delivering

• Binance fails to implement its crypto market recovery fund, yet BNB forecasts remain bullish.
• Render’s (RNDR) Stable Diffusion Jobs spur high network activity.
• NuggetRush (NUGX) is building a community of interested miners to help support Artisanal miners through NFT gaming.

Binance Coin (BNB) holders have been disappointed to learn that Binance’s recovery fund has barely been utilized as planned. In contrast, Render (RNDR) network metrics have been rising in the past few months. Still, NuggetRush is attracting investors as it provides a way to increase the earning potential of gamers. 

Now, investors are wondering if NUGX can become a top ICO project. Let’s review some of the experts’ opinions to get the answer.

Binance’s IRI Fund fails to yield desired effects

On October 10, 2023, Bloomberg reported that Binance’s Industry Recovery Initiative (IRI) has not been spent as intended. The IRI was meant to boost the recovery of the crypto market following the November 2022 FTX-inspired crash. Yet, almost one year later, BNB’s Binance exchange has only spent $15 million out of the $1 billion fund.

Bloomberg’s reports come amidst BNB’s market struggles. Since the start of October, BNB has remained below $220 following the September woes that affected most tokens. BNB was trading at $213.63 on September 1. Yet, BNB fell by 23.6% to $208.58 on October 10 after Bloomberg’s report was released.

Binance claims to have spent some of its recovery funds on about 14 projects. Most notably, Binance purchased Gopax, a South Korean crypto exchange, in early February. BNB holders expect the increase in Binance’s holdings to be a massive boost for the token. 

These holders expect BNB to end the year trading at $231.34. If BNB rises further, it could become one of the best cryptocurrency investments of 2023.

NuggetRush: giving real-world utilities to the meme coin industry

Before now, meme coins had little to no real-world utility. As such, they were considered highly volatile assets. That was until the launch of NuggetRush (NUGX). Like most play-to-earn games, NuggetRush allows players to earn extra money for its immersive in-game experiences.

It consists of building a mining empire by finding mining sites and collaborating with experts and other gamers. The game lets players set up mining facilities, collect rare NFTs, and…