SEC acknowledges Fidelity’s spot Ethereum ETF filing, Conflux gains momentum, NuggetRush gains whale interest

The Securities and Exchange Commission (SEC) has yet to approve either a Bitcoin or an Ethereum ETF in the US. With several applications under review, Fidelity has joined the race for the Ethereum ETF. The asset manager’s filing was officially acknowledged by the SEC, which has been a catalyst for ETH’s price uprising. 

According to an analyst, Ethereum’s price will hit $3,500 after this acknowledgment, positioning it as one of the best coins to invest in. In other developments, Conflux (CFX) is gaining traction, mirroring the overall market rally. Meanwhile, NuggetRush (NUGX), a new P2E memecoin, has gained whale interest.

This post will cover Fidelity’s ETF filing and its potential price impact on Ethereum. In addition, it will explore Conflux’s traction, including why NuggetRush is the best new crypto to invest in. Let’s begin.

NuggetRush (NUGX): Becoming whale favorite

NuggetRush (NUGX) is fast becoming a favorite among large-volume investors, popularly known as whales. Its appeals include its explosive growth potential and advanced tokenomics. Additionally, its blend of meme and utility significantly contributes to its attraction.

As a result, the massive show of interest makes it a top ICO in the crypto scene.

Its combination of meme, P2E, and GameFi positions it as the best of both the gaming and meme worlds. This makes it primed for adoption, hence a compelling investment. As a play-to-earn (P2E) platform, gamers will experience an immersive gaming experience while being rewarded for their time.

Furthermore, its advanced tokenomics—a low supply of 500 million tokens and zero-tax policy—make it appealing among whales and retailers. Tokens with low supply often have more growth potential; thereby, NuggetRush is expected to be a promising investment.

The presale is still in its early stages—phase three—and a token costs just $0.013. Analysts predict it has a 50x upside, making it one of the top altcoins to watch out for.

Fidelity files for spot Ethereum ETF

Fidelity, a trillion-dollar asset manager, submitted its spot Ethereum ETF application on November 17. However, it wasn’t until recently that the SEC officially acknowledged Fidelity’s filing. The price of Ethereum rose in response to this development, comfortably trading above $2,000.

While there are several applications under review—no spot ETF application has been approved by the SEC yet—Fidelity’s application is a welcome development.

According to market observers, Fidelity’s application is an indicator that the Ethereum ETF might be approved alongside Bitcoin’s ETF. This is expected to be around January, with the crypto community optimistic.

According to a popular analyst, Michaël van de Poppe, Ethereum will reach $3,500 in Q1 2024. This makes ETH one of the best cryptos to invest in at its current valuation.

Conflux (CFX): Rising momentum

Conflux (CFX) is a Layer-1 blockchain platform that stands out for its scalability, interoperability, and high performance. It gained popularity thanks to its unique consensus mechanism, known as Tree-Graph. Furthermore, it combines the proof-of-work (PoW) and proof-of-stake (PoS) algorithms.

While it recently saw a decline in its value, it has been gaining momentum. The price is witnessing a rebound, improving investor confidence in the process. At the time of this writing, Conflux is trading above $0.17.

According to experts, Conflux will likely reach $0.20 before the year wraps up, making it one of the best cryptos to buy now. So, if you wish to position yourself for substantial returns, CFX is a great option to consider. 

Conclusion

The SEC recently acknowledged Fidelity’s spot Ethereum ETF filing. This has created a significant buzz in the market, with ETH rallying as well. Additionally, Conflux is also gaining traction, while NuggetRush has become a whale favorite.

For all information NUGX you can visit NuggetRush presale website.

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