TLDR
- NuggetRush’s blockchain ICO is meeting high expectations as investors anticipate a quick sell-out of NUGX tokens, emphasizing the project’s uniqueness. NUGX offers a hyper-realistic gaming experience, allowing gamers to earn money through mining tasks and staking NFTs.
- Avalanche (AVAX) confirmed a partnership with Republic, aiming to launch the Republic Note, a profit-sharing token on the AVAX blockchain. The collaboration led to a notable 22.06% price increase from $17.09 to $20.86 between November 14 and 20.
- Polygon (MATIC) witnessed a 12% weekly drop and a 16% decline over six months despite a 20% increase in the past month. The mixed short-term bearish and long-term bullish signals suggest potential future bullish movement.
NuggetRush (NUGX) dominates the cryptocurrency space by fusing artisanal mining with play-to-earn gaming. On the other hand, Avalanche (AVAX) confirmed its partnership with Republic to launch a profit-sharing token.
Yet, Polygon (MATIC) might soon be volatile, as highlighted by various fundamentals on its marketplace and the minting of the POLs token. Will NuggetRush keep rising to catch up with established projects like Avalanche and Polygon? Let’s find out here.
What you'll learn 👉
NuggetRush (NUGX) ICO Gains Momentum: An In-Depth Look at the Artisanal Mining Game’s Innovative Approach
The launch of NuggetRush’s blockchain ICO came with high expectations. Most investors expected NUGX tokens to sell out fast, giving the project distinctness. So far, the project is living up to the expectations.
NuggetRush (NUGX) recreates the experience of artisanal mining through a hyper-realistic mining rush where gold and other valuables are on offer. NuggetRush (NUGX) lets gamers earn money for completing various mining tasks. The general aim of NuggetRush (NUGX) is to establish a mining operation and make it highly profitable.
As gamers complete battles, quests, and ranked play, NuggetRush increases their rewards, offering them adequate in-game assets to assist in building wealth. It also lets gamers earn money for staking their NFTs.
By replicating a popular feature of the decentralized finance sector, NuggetRush (NUGX) could become one of the best and most popular NFT projects.
NuggetRush’s (NUGX) popularity has surged rapidly, although it is in round 3 of its presale. Investors have acquired over 65 million NUGX tokens. Many investors are investing in this project due to its long-term growth potential and multiple real-world uses.
Currently, NuggetRush (NUGX) is valued at $0.013 and will surge $0.02 when it launches.
Avalanche (AVAX) Thrives on Strategic Partnership with Republic, Launching Profit-Sharing Token
On November 17, 2023, Avalanche (AVAX), one of the best DeFi projects, confirmed a partnership with Republic, a famous investment platform for the private markets.
The collaboration aims to launch the Republic Note (byR/Note), a profit-sharing token powered by the Avalanche (AVAX) blockchain. The move represents an innovative step toward boosting investment opportunities within Avalanche’s (AVAX) ecosystem.
Following the partnership, Avalanche (AVAX) recorded a significant increase of 22.06%, from $17.09 to $20.86 between November 14 and November 20.
On November 26, 2023, Avalanche (AVAX) was trading at $20.27, down 7.65% in the past week. Avalanche (AVAX) analysts foresee a continued bullish trend for the token, predicting a climb to $23.73 by December 15, supported by collaborations with other projects.
On the other hand, Avalanche critics maintain their bearish outlook in their AVAX price prediction. They say Avalanche (AVAX) will drop to $18.59 before the end of the year. Hence, AVAX is not a good crypto to buy today.
Polygon (MATIC) Faces Short-Term Decline Amidst Market Volatility, Yet Long-Term Bullish Outlook Prevails
Polygon (MATIC) experienced a drop of 12% in the past week. The six-month chart shows a decrease of 16%, although it increased by 20% in the past month. Considering the short-term bearish and long-term bullish signals, Polygon’s (MATIC) price movement could be bullish in the future.
Recently, Polygon’s (MATIC) network recorded a 1,000% spike in gas fees, reaching $0.10. The catalyst of that rare surge was the minting of a new Ordinals-like coin, POLS. Notably, it utilizes a Polygon-based token standard, PRC-20, which works like the BRC-20 standard for the Bitcoin Ordinals.
PRC-20 lets users mint the coolest NFTs directly on Polygon (MATIC). Dune Analytics data revealed that 102 million MATIC, worth $86 million, was used for the gas fees on Polygon’s network.
Another notable metric, supply on exchanges as a percentage of total supply on Polygon (MATIC), increased from November 10, 2023, to November 22, 2023, from 7.98% to 8.80%. Most of the exchanges recorded MATIC token inflows. This metric highlights a bearish momentum for the asset’s price.
In the meantime, Polygon (MATIC) was trading at $0.74 on November 26, 2023. Analysts expect Polygon (MATIC) to rise to $0.82 by the end of 2023, supported by increased demands and developments on its network.
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