Analyst Predicts 50x Gains After NuggetRush Launch As US Levies Kucoin With Criminal Charges

• Kucoin faces the law as criminal charges against the cryptocurrency exchange surface.
• NuggetRush merges impact gaming, GameFi, and cryptocurrency within a single ecosystem.
• NUGX has been recognized for its high growth potential, as analysts predict a 50x rally.

The US Department of Justice (DOJ) is pursuing the cryptocurrency exchange Kucoin (KCS) with an indictment that accuses the platform and two of its founders of violating anti-money laundering laws. The criminal charges are under the Bank Secrecy Act, specifically for operating an unlicensed money-transmitting business. This development has caused friction for the exchange, with its native coin experiencing a downturn.

As Kucoin fights to control the narrative, NuggetRush (NUGX), a new meme coin on the Ethereum (ETH) chain, is set to launch as its presale concludes. This project has garnered attention with an exciting feature, a game on the blockchain that rewards players for mining in the metaverse in search of treasures and rewards. Analysts’ predictions for the token’s rise are up to 50x as the public sale of its gaming tokens concludes. This article explores NuggetRush’s potential to rally 50x after its launch and Kucoin’s criminal charges in the US.

NuggetRush (NUGX): Gaming For The Future

NuggetRush has caught the attention of crypto traders and analysts with its impressive utility, which sets it apart on the decentralized cryptocurrency list. The meme coin has been projected to gain 50x ahead of its launch. This bold prediction is plausible, as NuggetRush offers exciting features that change what meme coins are typical for. Its utility centers around gamification, allowing players to use gaming tokens to purchase characters with different attributes that can enhance their experience.

The gameplay on this blockchain ICO occurs in a metaverse where players can mine treasures and rewards. Non-fungible tokens (NFTs) play a major role in NuggetRush’s ecosystem, as they represent the game characters and give players ownership of their assets beyond gameplay. Trending NFTs can also be traded on the platform’s marketplace. The gameplay is set to be interactive and revolutionary, providing players with equipment and land to start mining operations as they navigate the virtual landscape in search of areas with high mineral potential. 

The NUGX presale is in its final stage, the Launchpad Round, the last opportunity for players and investors to purchase these revolutionary tokens at a discounted rate. The project has raised nearly $3.6 million across five presale rounds and sold over 259 million coins. The current round trades at 0.019 USDT, offering a 5% increase for investors who buy now, before it lists at 0.020 USDT. 

Once the presale is complete, vesting will begin on the platform for token holders to claim 50% of their tokens in five rounds, depending on the round they were purchased. Users can win more rewards from a giveaway after the presale worth $25,000. They can also trade in their exclusive trending NFTs, RUSHGEM, for gold and cash delivered to their doorsteps.

Kucoin (KCS): Declining Prices Amid Indictment

KCS has dipped nearly 10% since US federal prosecutors charged the primary cryptocurrency exchange, Kucoin, with operating as a money-transmitting business without the proper due diligence. The indictment said that the company provided services for over 30 million customers without implementing a KYC or AML customer identification program until 2023, when it was implemented for only new customers. Kucoin was also accused of lying to an investor about its operations in the US when it had not completed a registration with the US Financial Crimes Enforcement Network as a money services business.

Although they were not arrested, Kucoin founders Chun Gan (alias Michael) and Ke Tang (alias Eric) were also charged. The crypto exchange suffers from this news as investors pull over $1.1 billion. The exchange is trying to manage the situation, assuring users that their assets remain safe despite the unusual delays the network is experiencing due to these massive withdrawals. Analysts predict that despite bearish sentiment, KCS bills may buy the correction, opening the path to extending its peak.

Conclusion

Kucoin is facing pressure from the US DOJ for failing to complete necessary registrations before commencing its operations within the country. Although this development has set its native token in decline, there is hope for a price correction. On the bright side, the 50x prediction for the new blockchain ICO with a high growth potential could be achieved as more investors flock to its presale, excited to participate in its gameplay.

Visit NuggetRush Presale Website