- On November 7, 2023, a regulated product offering US investors exposure to Chainlink’s LINK traded at a 200% premium, indicating a surge in institutional demand. Grayscale Chainlink Trust (GLNK) saw a 100% surge in the last week, reaching $39.
- Polygon’s (MATIC) ecosystem makes waves with the release of its new token ‘POL,’ a hyperproductive asset driving the layer-2 blockchain through a re-staking protocol. Polygon 2.0 introduces zkEVM validium chains, creating an interoperable ecosystem.
- NuggetRush (NUGX) is a play-to-earn blockchain game, resembling real-world mining, allowing gamers to earn by exploring, competing, and mining in-game minerals. It also positively impacts the physical world by supporting artisanal miners and appealing to socially conscious players.
Chainlink’s LINK experienced a surge in institutional demand, evident in a regulated product trading at a 200% premium. Meanwhile, Polygon (MATIC) unveiled its transformation with the release of the POL token, shaping the future of its ecosystem.
Yet, NuggetRush (NUGX) introduced a play-to-earn game with real-world impact, attracting attention in the crypto space. Can Chainlink and Polygon surge to compete with NuggetRush’s current bullish momentum? Let’s learn here.
What you'll learn 👉
Premium Trading, Grayscale Surge, and Strategic Collaborations Increase Chainlink’s Demand
On November 7, 2023, a regulated product that lets US investors gain exposure to Chainlink’s LINK traded at a 200% premium to spot prices. This phenomenon suggests that institutional demand for Chainlink (LINK) has increased considerably.
Values of Grayscale Chainlink Trust (GLNK) surged by almost 100% in the last week, closing at $39 on November 6 from $21 on October 31. Every share holds $12 worth of LINK, making it almost three times pricier than the value of held assets.
Elsewhere, HashKey, Hong Kong’s licensed crypto exchange, has listed Chainlink (LINK) for professional investors. In that context, Chainlink (LINK) will begin trading on the platform on November 10.
Remarkably, Chainlink’s (LINK) network has attracted collaborations with major global firms. It has facilitated over $9 trillion in value transfers and has fused with industry giants like SWIFT, DTCC, and ANZ. As a result, Chainlink’s (LINK) ecosystem seems ready to attract trillions of dollars as crypto regulations become favorable in many countries.
On November 8, 2023, LINK was trading at $14.34. Analysts expect Chainlink (LINK) to rise to $16.15 by the end of 2023, supported by partnerships and developments on its network. Hence, it is one of the top crypto coins to buy today.
NuggetRush (NUGX) Introduces a P2E Game with Real-World Impact and Incentives
NuggetRush (NUGX) is a blockchain play-to-earn (P2E) game similar to real-world mining. Gamers can earn by discovering new areas, competing for the highest yields, and mining in-game minerals.
Beyond earnings, NuggetRush (NUGX) aims to impact the physical world positively by supporting artisanal miners in underdeveloped areas and appealing to socially conscious gamers and investors.
Notably, NuggetRush (NUGX) guarantees continuous rewards and incentives for active participants. It has scheduled several giveaways in batches worth $150,000 to offer a highly engaging experience for the users.
NuggetRush’s governance model also grants Rush Guild members access to various areas and the power to vote for crucial decisions related to NUGX’s ecosystem.
NuggetRush’s cryptocurrency ICO has sold over 30 million NUGX tokens in the past few weeks. Currently, the presale is in Round 2, valued at $0.012 per NUGX token. The bullish indicators in its ICO Rounds prove that NuggetRush (NUGX) is the best crypto for beginners and experienced investors.
The price of NuggetRush (NUGX) will reach $0.020 when it lists on mainstream exchanges, offering 67% ROI for its Round 2 investors.
Interestingly, the highlighted roadmap and milestones for NuggetRush (NUGX) are pushing it toward its $100 million market cap target. Experts also believe the project has ideal fundamentals to push its value up X100 after its launch.
Polygon’s Transformation: Unveiling POL Token Fuels MATIC’s Bullish Momentum
Polygon’s (MATIC) ecosystem gained massive attention after its news of releasing a new sister token ‘POL.’ The next-generation hyperproductive token will power the ecosystem of layer-2 blockchains through re-staking protocol.
Interestingly, Polygon investors have been slowly shifting towards smaller-cap projects since MATIC’s performance will differ from the previous cycle.
The introduction of Polygon 2.0 is a considerable development for MATIC’s ecosystem. It features the creation of many Polygon (MATIC) zkEVM validium chains to create an interoperable ecosystem of application-specific chains moving away from sidechains.
Polygon is phasing out MATIC over four years, replacing it with POL. The new token can validate multiple chains. During the transition, holders can exchange MATIC for POL at 1:1 ratio.
These developments and a bullish crypto market momentum appear to be pushing Polygon (MATIC) higher. On November 8, 2023, Polygon (MATIC) was trading at $0.8007, up 23.02% in the past Week. Analysts expect Polygon (MATIC) to rise to $0.8455 by the end of the year, supported by developments on its network.
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