Avalanche could soon become one of the fastest blockchain networks following the launch of Vryx. Manta has continued its market leap amid growing network activity.
Still, NuggetRush's (NUGX) mining game is challenging long-held beliefs about play-to-earn networks. It has sold over 168 million NUGX tokens. Yet, can NUGX become one of the top DeFi projects? Let's discuss.
The P2E NFT gaming industry's unprecedented growth is dominating conversations among key stakeholders. Investors watch closely as profitable projects rise within the space. Meanwhile, gamers seek the thrill of a challenging game that offers financial rewards. One of such projects is NuggetRush (NUGX), the first-ever P2E mineral mining game.
NuggetRush (NUGX) is all about building a mining business. Players must learn basic mining skills while running a successful resource excavation business. The best-performing players who reach the top of the game's leaderboard will receive better NFT assets and financial rewards.
The game also features collaborations that allow players to join mining partnerships. This translates to a more enjoyable experience that provides additional means of earning through group rewards. NuggetRush (NUGX) is perfect for gamers who enjoy realistic strategy-based games.
On the money-making side of things, NuggetRush (NUGX) offers NFT trading and staking. NFT rewards players collect in the game can be traded on NuggetRush's marketplace. Alternatively, players can keep their NFT rewards and stake them for a 20% APY.
For traders, NuggetRush presents another means of wealth generation. NUGX has seen an impressive 80% rise in value since its presale launch. The price rose from $0.010 in the first round to $0.018 by the fifth round. As for its token listing, that will happen when NUGX's value rises to $0.020. Analysts agree that such value increases make NUGX one of the top crypto coins.
Avalanche (AVAX) is preparing for growing demand for its services via a plan to scale its transaction speeds to 100,000 per second. In late January 2024, Avalanche (AVAX) unveiled Vryx, a scaling solution that would boost its transaction speeds to unprecedented levels.
Avalanche's (AVAX) plan to launch Vryx comes amid its recent market decline. AVAX traded at $40.65 on January 2. It fell by 11.7% to $35.87 on January 12. AVAX then fell by 17.8% to $29.48 on January 22 before recovering by 22.3% to $36.07 on January 29.
Market analysts say Avalanche's (AVAX) upgrades are in preparation for the expected boom in DeFi activity in subsequent quarters of 2024. Furthermore, Avalanche (AVAX) faces high demand due to rising gaming activity on its network.
Analysts expect this trend to continue in February, increasing Avalanche's (AVAX) trading activity. This could push AVAX's value up by 38.3% to $50.07.
Manta, a new smart contract deployment network, has stunned investors with its sharp growth. Shortly after its mainnet launch, Manta became one of the most in-demand altcoins. Its layer-2 network, Manta Pacific, also became one of the most in-demand projects, leading to a TVL increase to $1.7 billion.
MANTA token has also soared in the short time since its official launch. As of January 18, MANTA traded at $2.1529. It jumped by 50% to $3.2308 on January 24 before another 14.6% increase to $3.7032 by January 30.
Manta's soaring popularity has taken the market by storm. Several DeFi projects have announced support for Manta. The latest of its kind is OKX's DEX, which has added support for the Manta network. Analysts say the project's bullishness will continue, pushing the token's value up by 35.3% to $5.0300.
Furthermore, MANTA could become one of the top altcoins.
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