NFT activity on Blur might be affected by the recent discontinuation of NFT profile pictures on X. Arbitrum's (ARB) recent upgrade will bring it up to speed with the latest Ethereum technology.
Still, most investors are drawn to NuggetRush's (NUGX) 50% increase. The mining game has also unveiled special rewards which include gold and NFT staking avenues. Yet, can it become a top ICO project? Let's hear what NUGX supporters think.
Demand for Blur's NFT services could fall as X, a popular microblogging platform, has discontinued NFT profile pictures. Introduced in January 2022, NFT profile pictures have become very popular on social media. Furthermore, it contributed to the high demand for NFTs on platforms like Blur and OpenSea.
Analysts say X's move to discontinue NFT profile pictures could dampen BLUR's bullish momentum. BLUR traded at $0.5055 on November 1. It jumped by 8.4% to $0.4626 by December 31. BLUR's bullish momentum increased, and it rose by 29.8% to $0.6009 by January 13.
Blur already faces fierce competition from OKX. Analysts say a drop in NFT demand could severely affect Blur's growth prospects in 2024. However, others say the NFT sector will get increased trading activity as the crypto market enters a bull run.
This could push BLUR's value up by 11.9% to $0.6729. Blur's expected rise could cement its position as one of the most popular NFT projects.
On January 8, 2024, Arbitrum (ARB) community members passed a proposal called ArbOS Version 11. The proposal would add support for EVM Shanghai Upgrades and PUSH opcode. This would bring Arbitrum up to date with the latest versions of go-Ethereum. It could also enhance the bridging of Ethereum services to Arbitrum (ARB).
The news comes amid Arbitrum's recent rise to the $2 mark. ARB sold at $1.1103 on December 2. It jumped by 33.8% to $1.4857 by December 30. ARB then rose by 46.5% to $2.1775 by January 13, five days after passing its ArbOS 11 proposal.
Arbitrum (ARB) is one of the most popular blockchain layer-2 scaling solutions. However, it faced competition from rival altcoins in 2023, leading to calls for upgrades of its network services.
Analysts say the new ArbOS 11 upgrades would boost trading activity on Arbitrum (ARB). It could further push ARB's value up by 18.5% to $2.5805. If Arbitrum rises further, it could challenge top DeFi projects.
Artisanal mining is a favorite pastime for millions of people. Yet, despite its popularity, there has been no video game designed to capture the beauty and essence of artisanal mining. Thankfully, NuggetRush (NUGX) was launched to buck that trend.
NuggetRush (NUGX) is an NFT gaming adventure where players embark on solo or group missions looking for valuable rewards. The game tasks players with launching and managing mining operations on its landscape. The more digging operations a player owns, the higher their mineral resource collection. To effectively set up multiple mining operations, gamers need a skilled workforce.
The NFT characters have varying abilities ranging from mining to refining and selling mineral resources on the game's marketplace. Furthermore, NuggetRush (NUGX) also offers special characters well-versed in entrepreneurship to help players expand their business operations.
NuggetRush (NUGX) is already gaining widespread popularity. Investors have bought 148 million NUGX tokens, although its blockchain ICO is still in round four of its presale. NUGX's current value is $0.015. Its earliest investors enjoyed a 50% profit. Yet, round five of NUGX's presale holds a 20% increase to $0.018.
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