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TLDR
- Vryx’s scaling solution will help push Avalanche’s (AVAX) transaction speeds to record levels.
- The total value locked (TVL) on Manta’s Layer 2 network has risen to $1.7 billion.
- NuggetRush (NUGX) is also becoming a top-choice investment with various reward-earning opportunities.
Avalanche (AVAX) has unveiled plans to boost its transaction speeds. Manta’s popularity has contributed to the sharp growth in TVL of its layer-2 network.
NuggetRush (NUGX) is also on investors’ radar after selling 167 million tokens in its presale. Its value has jumped by 80%. Yet, can this make NUGX become one of the top altcoins? Let’s hear from NUGX supporters.
NuggetRush: Blending the Best of Play-to-Earn Gaming with Exciting Prize Rewards
NuggetRush (NUGX) is dominating news headlines as more investors learn about its exciting mining adventures. The blockchain project features an exciting NFT gaming project with super realistic gaming technology. It features a mining rush where players compete, setting up viable operations for digging and excavating mineral resources.
On NuggetRush (NUGX), you get money from trading mineral resources on a marketplace. To get these resources in the first place, players must become artisanal miners. The game’s virtual landscapes contain valuable resources like gold. To mine these resources, you need assistance from professional miners who come as NFTs.
Gamers can also sell these NFT characters, earning high value from the game’s marketplace. Furthermore, NuggetRush (NUGX) comes with NFT staking benefits, which pay up to 20% APY depending on how long a player holds their NFT assets.
NuggetRush (NUGX) is in the last phases of its blockchain ICO. It has since sold 167 million tokens and raised over $2 million. Furthermore, investors who acquired NUGX tokens in round one of its presale are now enjoying an 80% interest. NUGX is now in round five of its presale, costing $0.018. Round five buyers will enjoy an 11.1% increase to $0.020.
Avalanche Unveils Vryx Scaling Solution
On January 26, 2024, Avalanche (AVAX) unveiled its Vryx scaling solution. Details from the report showed that Vryx will help Avalanche get to 100,000 transactions per second. Avalanche (AVAX) further revealed that its first scaling solution will be launched on the HyperSDK testnet in Q2 2024.
News of Avalanche’s (AVAX) scaling solutions comes amid its recent market decline. As of January 1, AVAX cost $41.86. AVAX fell by 26.9% to $30.59 by January 23 following the slight market downturn. However, it recovered by 13.7% to $34.79 on January 28.
Avalanche (AVAX) hopes to boost its transaction speeds in line with plans to expand its services in 2024. Already, Avalanche has outlined a detailed plan to invest in meme coins. DeFi gaming activity on Avalanche has also increased significantly in recent times.
Analysts say Avalanche’s DeFi activity will rise following the launch of Vryx. This could push AVAX’s price up by 25.2% to $43.58. Furthermore, Avalanche could become one of the top DeFi projects.
Manta Rises Amid Increased Interest in its Layer-2 Network
Shortly after launching its layer-2 network, Manta recorded increased user activity. Data from DeFiLlama shows that Manta Pacific’s Total Value Locked (TVL) had reached $1.7 billion by late January.
Its sharp rise indicates growing interest in Manta’s network, which led to its spectacular token value increase. MANTA traded at $2.1529 on January 18. As of January 21, MANTA had risen by 37.9% to $2.9698. It remained bullish, rising by 17.0% to $3.4759 by January 28.
Manta’s growth has been spectacular. Its market capitalization has risen to $900 million despite being launched less than three weeks ago. However, analysts expect this growth to continue due to growing network activity on Manta Pacific, thus pushing MANTA’s value up by 43.0% to $4.9709. MANTA could thus become one of the best altcoins to purchase.
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