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Arbitrum (ARB) has jumped slightly despite the overwhelming bullish sentiments in the crypto market. NEO's positive momentum could continue following a new partnership with HashKey Cloud.
Yet, NuggetRush's (NUGX) mining adventure and its wonderful presale numbers have caught widespread attention in the crypto market. The project's presale value has grown by 50%. Yet, can it become one of the top crypto coins? Let's talk about this.
The play-to-earn gaming ecosystem was valued at $347 billion in 2023, according to a report by Statista. Analysts say this growth will continue due to the rise of innovative gaming projects. One such project is NuggetRush (NUGX), a P2E game that offers high rewards for participating in its realistic mining expeditions.
NuggetRush (NUGX) takes players through the ups and downs of being an artisanal miner. Players will get the full mining experience, from soil sampling and digging shafts to selling off excavated mineral resources.
NuggetRush (NUGX) demands strategic thinking for success. Gamers must carefully build a team of mining characters while gathering the best equipment. A players' team and their mining equipment affect the efficiency of their mining activities.
The game offers a marketplace where players can upgrade their mining team and equipment. NuggetRush (NUGX) features quests, battles, tournaments, and ranked play. Furthermore, it allows group participation in mining activities.
This means that players can compete as part of a mining group, thus earning high rewards. One of the standout features of NuggetRush (NUGX) is revolutionary NFT staking. Unlike the most popular NFT projects, NuggetRush offers NFT staking.
NuggetRush's (NUGX) rising popularity has been perfectly mirrored in the incredible performance of its blockchain ICO. Over 112 million tokens have been sold so far. NUGX's value currently stands at $0.015, and it's in the fourth round of its presale. By the next round, NUGX's value would jump to $0.018.
NEO has recorded a sharp growth since the end of October. Data from CoinMarketCap also shows that NEO's market capitalization has grown by over $500 million since mid-October.
Increased trading activity helped Neo capitalize on the current bull run. NEO traded at $9.45 on October 31. By December 5, NEO jumped by 28.9% to $12.19. NEO's momentum increased, and it rose by 19.5% to $14.57 by December 25.
Analysts say Neo's growth will continue after its recent partnership with HashKey Cloud. On December 19, HashKey Cloud joined the Neo Council, becoming its latest member. The news brought excitement to Neo's community due to HashKey's membership, followed by a vote by token holders. Furthermore, analysts conclude the excitement would help NEO jump by 14.82% to $16.73.
Arbitrum (ARB) has recorded a slow increase since early November despite the prevalent bull run. The market entered a bull run following increased demand for spot crypto ETFs. Investor sentiment for several top crypto coins has increased.
Yet, Arbitrum's growth has been slow. ARB traded at $1.0369 on November 1. Four weeks later, ARB had only fallen by 2.8% to $1.0069. December's bullishness pushed ARB up by 38.2% to $1.3918 by December 25.
Arbitrum's (ARB) slow growth could be due to intense competition from rival networks like Optimism. Yet, analysts expect this trend to change due to Arbitrum's increased funding for grant applications.
On December 3, Arbitrum (ARB) increased its grant program budget by $23 million. Analysts say this development would increase Arbitrum's (ARB) network activity. It could further push ARB's value up by 35.2% to $1.8823.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
