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TLDR
- Bitcoin Cash (BCH) falls further amid excitement around spot crypto ETFs.
- Tron (TRX) records slow network activity as controversies around its network builds.
- NuggetRush’s (NUGX) mining voyage will offer the opportunity to win gold.
Bitcoin Cash’s mid-January decline has continued as BCH falls below $240. Tron (TRX) recorded slow network activity in late 2023.
Now, investors pivoted to NuggetRush (NUGX) after its presale recorded a sharp 80% token value increase. The game will also offer up to 20% NFT staking APY. Yet, can NUGX become one of the top ICO projects? Let’s talk about it.
NuggetRush’s Presale Excels with 80% Price Jump
NuggetRush (NUGX) is a mining game whose real-world utilities have dominated conversations in the NFT gaming industry. The project is an Ethereum-based mineral rush where players compete for valuable assets like gold. NuggetRush (NUGX) allows players to test their resource management talents and decision-making prowess.
On NuggetRush (NUGX), you receive a few NFT characters and machinery to start a mining operation. The size of your mining operations affects how many resources you can sell on the game’s marketplace. Gamers reach the top of the mining leaderboard by expanding their mining operations. This would require extra NFTs and machinery.
NuggetRush’s (NUGX) marketplace is comprehensive, offering all the mining resources gamers need. Furthermore, players will receive extra NFT assets as rewards for completing mining activities in the game.
Gamers are encouraged to join NuggetRush’s Rush Guild Council to enjoy special benefits. Members of the special council receive voting rights and exclusive access to restricted zones within the game.
NuggetRush’s presale now dominates discussions in the crypto industry after its presale sold over 162 million tokens. NUGX just entered the fifth round of its presale. The token’s value is now $0.018 after jumping by 80% from its round one price.
Analysts say NUGX’s quick presale growth makes it one of the fastest-growing blockchain ICO projects. Furthermore, they are eagerly looking towards NUGX’s listing, which will happen when its value jumps by 11.% to $0.020.
Bitcoin Cash Falls Below $240
Bitcoin Cash (BCH) has fallen despite almost reaching $280 on January 11. Bullish sentiments overwhelmed the blockchain industry following the SEC’s approval of spot Bitcoin ETFs on January 10. Bitcoin Cash (BCH) rallied as expected of proof of work tokens.
However, Bitcoin Cash (BCH) has since declined. BCH traded at $259.26 on December 31. It jumped by 6.6% to $276.53 on January 11, a day after the SEC approved spot Bitcoin ETFs. BCH fell by 9.4% to $250.42 on January 15. Its bearish decline continued, and BCH fell by 4.6% to $238.89 on January 20.
Proof-of-work tokens like Bitcoin Cash usually match Bitcoin’s performance. Bitcoin Cash’s decline in mid-January coincides with Bitcoin’s fall from the $46,000 range.
Analysts say Bitcoin Cash could rise due to an expectation of increased investor sentiment for altcoins. This could push BCH up by 8.3% to $258.74. Still, Bitcoin Cash’s (BCH) recent performance means it’s not one of the top crypto coins to buy now.
Tron Enters 2024 with Slower Network Activity
Despite increased market bullishness in Q4 2023, Tron’s (TRX) network activity showed a surprising decrease. Daily active addresses and new user address counts on Tron had dropped by 2%. Tron (TRX) also recorded a 2.4% drop in transactions, according to data from Messari.
Falling network activity on Tron preceded its January stagnation. TRX’s January 2 price was $0.1084. By January 13, TRX had risen by 5.2% to $0.1141. Yet, TRX, unable to sustain a bullish momentum, fell by 3.6% to $0.1099 as of January 20.
Tron’s (TRX) slower network activity coincided with news of increased criminal activity on its network. In late 2023, a report of increased terrorist activity on Tron (TRX) led to reduced investor sentiment.
Furthermore, several groups have complained about Tron’s partnership with Tether, citing the former’s alleged criminal activity. They conclude that TRX could fall by 5.8% to $0.1035 if network activity on Tron declines further.
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