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TLDR
- Demand for Avalanche’s Inscriptions has skyrocketed.
- Polkadot (DOT) has fallen despite the widespread bullishness in the crypto market.
- NuggetRush’s (NUGX) presale has sold 159 million tokens.
Avalanche’s Inscription count has surpassed 100 million in less than one year since its launch. Polkadot has fallen despite the bullishness that followed the recent approval of Bitcoin spot ETFs.
Yet, NuggetRush (NUGX) is gaining more popularity each day. The token sale count in NuggetRush’s presale has surpassed 159 million. Yet, will this make NUGX one of the best DeFi projects in the gaming niche? Let’s talk about it.
User Interest in Avalanche Inscriptions Soars amid AVAX’s Fall from the $40 Range
The growing interest in blockchain Inscriptions reached a new level on Avalanche (AVAX). On January 15, 2023, BitGet Exchange hosted a Twitter Space on Avalanche Inscriptions, drawing more than 585,000 listeners. Data from Dune Analytics showed that Avalanche (AVAX) Inscriptions rose to over $100 million since their launch in June 2023.
The news followed Avalanche’s drop below the $40.00 range in January. AVAX traded at $22.24 on December 2. Due to rising bullish sentiments, AVAX jumped by 117.4% to $48.35 by December 25. AVAX fell by 15.9% to $40.65 by January 2. Its decline continued, and AVAX dropped by 12.2% to $35.66 by January 15.
Avalanche’s (AVAX) rising Inscriptions could increase demand for its network services. Many analysts say NFT activity will recover from its 2023-lows due to growing interest in Inscriptions. If these predictions come true, Avalanche (AVAX) could become one of the top DeFi projects. This could push AVAX’s value up by 44.8% to $51.66.
Polkadot Slides Amid Excitement Around Approved Spot Bitcoin ETFs
Polkadot (DOT) has continued its decline in the first two weeks of 2024. Altcoins rallied in the final months of 2023 as excitement around spot crypto ETFs increased. Data from CoinMarketCap also showed a $2.7 billion decrease in Polkadot’s (DOT) market capitalization since the final week of December 2023.
However, Polkadot’s (DOT) decline started at the turn of the year. DOT traded at $5.4750 on December 1. It jumped by 68.5% to $9.2287 as of December 25. DOT then fell by 8.8% to $8.4127 on January 1. Two weeks later, DOT maintained its bearishness, falling by 10.6% to $7.5178 as of January 15.
The Securities and Exchange Commission (SEC) finally approved the first-ever spot Bitcoin ETFs on January 20. Yet, Polkadot (DOT) has remained bearish. Some analysts say Polkadot’s (DOT) trajectory could change following excitement around its coming upgrades. Polkadot 2.0 could be released in Q1 2024. This could push DOT’s value up by 19.9% to $9.0180.
NuggetRush Steals Hearts After Unveiling Gold Rewards and 20% NFT Staking APY
NuggetRush (NUGX) is a blockchain gaming adventure that combines the best play-to-earn rewards into an NFT-packed mining experience. On NuggetRush (NUGX), you use NFT characters to start a mega mining business, selling resources excavated from the game’s landscapes. NuggetRush’s (NUGX) NFT gaming experience contains vast lands covered in mineral resources.
A gamer’s central task is to collect machinery and recruit workers necessary for starting a mining business. The game gives out some workers at the start of the mining journey. Players can also create custom avatars. After you complete mining challenges, you will receive more workers and machinery as rewards from NuggetRush (NUGX).
To earn more rewards, you will need to expand your mining operations. This would involve increasing your workforce and mining machinery. You also need to explore new territories and set up new digging sites.
The payoff is you get more mineral resources to sell on the game’s marketplace. Furthermore, you can earn more money from selling your game assets for cash. Finally, you can also participate in NFT staking, which offers up to 20% APY.
NuggetRush’s (NUGX) blockchain ICO continues to surpass expectations in the crypto market. Its token sale count has now risen above 159 million. Furthermore, NUGX trades at $0.018, although it’s in round four of its presale. Its value has increased by 80% since its presale kick-off!
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