Cosmos' network activity is on the rise in 2024. Mina Protocol (MINA) is progressing towards a mainnet upgrade amid its successful Testworld 2.0 event.
Still, NuggetRush (NUGX) and the opportunity to win gold via its gaming adventures are the main topics on crypto news websites. Early supporters of NUGX are already in profit. Yet, can NuggetRush (NUGX) surpass expectations by joining the top DeFi projects? Let's discuss.
NuggetRush is leveraging the growing hype around the most popular NFT gaming networks to gain favor among play-to-earn connoisseurs. The project is about bringing mining adventures to the blockchain gaming space while offering high-value rewards to investors and gamers. NuggetRush (NUGX) offers a game built using hyperrealistic 3D technology and an understanding of the mining experience.
If you have an adventurous spirit, you will feel right at home with NuggetRush. From finding and excavating mineral resources to expanding your operations, each gaming challenge comes with NFT rewards. NuggetRush (NUGX) allows the expansion of your gaming operations, which translates to a boost in your reward eligibility.
It also allows you to purchase NFT assets from its gaming marketplace. It fosters peer-to-peer trading, which results in easy conversion of gaming assets to monetary value. NuggetRush (NUGX) also allows gamers to earn money while holding onto their gaming assets via NFT staking. Reward offers for staking go as high as 20% APY, depending on how long an individual locks their NFT assets.
NuggetRush (NUGX) is at the tail end of its blockchain ICO. Participators have purchased over 182 million NUGX tokens. NUGX's value has also been on an 80% increase since its presale started. It currently trades at $0.018. However, most investors can't wait for its pump to $0.020.
Cosmos (ATOM) has continued its network activity increase since the start of 2024. On February 6, 2024, Cosmos announced the introduction of Dymension to its interchain. This followed an announcement that Krafton, a popular South Korean game maker, was coming to the network.
Despite the excitement around these developments, Cosmos (ATOM) has struggled with volatility in early 2024. ATOM traded at $10.26 on January 4. It fell by 10.5% to $9.1814 on January 22. ATOM fell by another 2.3%, reaching $8.9622 on February 4. However, ATOM recovered by 8.6% to $9.7373 on February 11.
Another interesting conversation going on in the Cosmos (ATOM) community is a plan to decrease its inflation rate. Cosmos' (ATOM) current inflation rate stands at 7%-20%. However, the community will vote on a proposal to reduce this rate to zero.
Some analysts say it would discourage staking activity on Cosmos (ATOM). This could then slow Cosmos' expected growth. However, ATOM could rise by 3.1% to $10.0399.
There is growing excitement within Mina Protocol's (MINA) community over its advancement towards the completion of its mainnet upgrades. On February 9, 2024, Mina Protocol released updates on its Testworld Mission 2.0. One of the main features of Mina Protocol's Testworld was the release of the first Berkeley candidate Version RC1.
News around Mina Protocol's (MINA) upgrades could boost its recent market rally. MINA traded at $1.2193 on January 15. It fell by 12.8% to $1.0631 on January 28. MINA recovered impressively, rising by 30.3% to $1.3858 on February 11.
Mina Protocol's (MINA) mainnet upgrades could bring a significant shift in the network's performance. Analysts say the upgrades could boost Mina Protocol's DeFi activity. This would help Mina Protocol (MINA) attract developers from more expensive altcoins. It could further push MINA's price up by 21.2% to $1.6804.
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