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The sting of regulatory pressure that swept across the cryptocurrency market earlier this year saw top-performing tokens plummet as widespread uncertainty spawned into investors' neglect. Top DeFi projects like Decentraland (MANA) suffered a long-term decline since it joined the SEC's list of potential securities.
The fall of MANA translated to losses for investors, kick-starting analysts' speculations that MANA could become worthless if confirmed as a security.
Meanwhile, NuggetRush (NUGX), welcomes investors hoping to recover their losses. Let's delve into Decentraland's recent performance and NuggetRush's potential to restore MANA losses.
Supporters of NuggetRush (NUGX) can take part in pre-sale and buy tokens here.
NuggetRush (NUGX) unlocks new opportunities for traders
NuggetRush elevates the average investor's ability to make exponential gains by introducing a play-to-earn cryptocurrency platform with unusual opportunities.
The platform recently launched its presale, which promises gains that could set investors back on the path to profitability.
Gaming enthusiasts can make bank by mining various game locations for in-game assets like minerals and gold. The sweet spot is that these assets can be traded or exchanged for tangible real-world assets.
Investors can make money by buying the token in its fast-selling presale. NUGX is currently worth just $0.01, and presale participants stand to record 100% returns by the end of the event.
NuggetRush also has an NFT model that uses the in-game characters as NFTs. These avatar-based NFTs are offshoots of the RUSHGEMs NFT collection.
RUSHGEM holders can choose to exchange their NFTs for real gold which will be delivered to the owner's address. Holders can also utilize NuggetRush's staking mechanism to gain 20% of the NFTs value annually.
Decentraland (MANA) faces regulatory pressure
Analysts recently raised concerns that Decentraland could plummet to zero. They noted that the recent decision by the US Security and Exchange Commission to classify MANA as a security will have a long-term negative effect on its value.
True to speculation, MANA has suffered a sharp price drop. Despite several attempts to recover, MANA has struggled to regain proper footing, disappointing investors who now find themselves in the red.
The value of MANA is tied to the adoption and use of Decentraland's metaverse, which is built on blockchain technology. But, like many other cryptocurrencies, MANA is also prone to volatility.
Conclusion
The losses suffered from Decentraland can be recovered by diversifying investment with promising cryptocurrencies. NuggetRush might be one of the options to consider.
As the token presale gains momentum, with millions of tokens already sold, NuggetRush is setting a new standard for DeFi projects.
Arman Shirinyan
Dan Burgin
Alex Dovbnya
