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The post NuggetRush’s Remarkable Ascent: Surpassing Expectations and Rivaling Litecoin and THORChain in Market Performance appeared first on Coinpedia Fintech News
TLDR
- Litecoin (LTC) now accounts for 38% of all crypto transactions on BitPay.
- THORChain (RUNE) has fallen to the $4 range as its January bearishness continues.
- NuggetRush (NUGX) has unveiled a gaming adventure packed with NFT rewards and a chance to win real gold.
Litecoin’s (LTC) popularity on BitPay has soared in the past few months. THORChain (RUNE) has maintained its bearish momentum since mid-December.
Now, investors are joining NuggetRush’s (NUGX) ecosystem after its presale sold over 142 million tokens. Early investors have yielded a 50% increase. Yet, can NUGX become one of the top ICO investments in 2024? Let’s hear what market experts think.
NuggetRush’s Gold-backed NFT Rewards Entices Play-to-Earn Community
NuggetRush (NUGX) is a new opportunity to belong to a community of artisanal miners. It features an ecosystem with an adventure game where players compete for rewards by establishing mining gigs. NuggetRush is built on the Ethereum blockchain, and it welcomes all crypto users to become mining lords in its P2E game.
Two key activities in NuggetRush (NUGX) are building a mining workforce and collecting equipment. The game gives out several NFT characters at the start and after players complete mining challenges.
However, its marketplace contains more mining workers, thus allowing players to expand their operations. The more mines you can set up, the more mineral resources you can collect.
Gamers can sell these resources on NuggetRush’s marketplace. They will also receive NFT prizes after completing mining challenges. Players can stake these NFT assets for high-profit rewards. They can also trade them on its standard NFT marketplace. Many analysts agree that NuggetRush (NUGX) stands out among NFT gaming projects because of its high reward potential.
Gamers can partake in NuggetRush’s (NUGX) ongoing blockchain ICO to enjoy some of its reward-earning opportunities. Since its presale launch, NuggetRush’s token sale count has exceeded 141 million.
Its revenue has also risen above $1.6 million. The best news is NUGX’s 50% growth since the start of its presale. NUGX is now in the fourth round of its presale with a market value of $0.015. By round five, NUGX’s value would increase by 20% to $0.018.
Litecoin Transactions on BitPay Soar to 38%
Litecoin’s (LTC) popularity has soared in recent years. BitPay has revealed that Litecoin is now one of the most used altcoins on its network. The payment platform reported that Litecoin (LTC) accounted for 38% of its crypto transactions. The news comes amid Litecoin’s January decline.
LTC traded at $69.45 on November 30. By December 28, LTC soared by 10.4% to $76.72. However, LTC couldn’t maintain its bullish momentum, and it fell by 11.6% to $67.81 by January 8.
Litecoin could rise further as calls for spot crypto ETFs are dominating the market. Analysts expect a sharp jump in trading activity for top altcoins like Litecoin (LTC). They expect its increased trading activity to push LTC up by 18.4% to $80.31.
THORChain Falls to $4 Range as Late December Decline Continues
THORChain’s (RUNE) January performance has disappointed investors as the network continued its recent market drop. Data from CoinMarketCap showed that THORChain was on a bullish trajectory that trailed off in late December.
THORChain (RUNE) holders were shocked as its decline continued in the first week of January 2024. RUNE’s December 2 value was $7.0919. By December 31, RUNE had fallen by 27.2% to $5.1613. After a market-wide correction, RUNE fell by 4.8% to $4.9109 by January 8.
THORChain (RUNE) could rally when DeFi activity picks up in the crypto market. It is already one of the most popular decentralized exchanges. Yet, analysts expect its popularity to rise soon as spot crypto ETF approvals could boost market activity. This could boost THORChain’s (RUNE) trading activity. If things go as planned, THORChain’s RUNE token could soar by 42.5% to $7.0019.
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