Prospecting the Crypto Boom: Three Currencies Ready to Soar in 2024

TLDR

• Arbitrum's (ARB) market capitalization has increased by over half a billion dollars.

• Cosmos (ATOM) has maintained its bullish momentum since November.

• NuggetRush's (NUGX) presale has offered a 50% ROI to its earliest buyers.

Arbitrum's (ARB) market capitalization has increased significantly despite competition from rivals in 2023. Cosmos (ATOM) has also maintained its November bullishness despite rumors of a network split.

However, NuggetRush (NUGX) is on every headline after selling over 119 million tokens in its ongoing presale. NUGX's value is on a 50% increase. Yet, can it become one of the best new ICOs? Let's hear what experts have to say.

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NuggetRush: Mining Game Excites Community with Game Rewards

NuggetRush (NUGX) is a gaming adventure where players earn rewards depending on their mining prowess. The game features several artisanal miners and mineral-rich landscapes. Gamers are supposed to leverage the abilities of these artisanal miners in setting up valuable resource-digging operations.

NuggetRush (NUGX) offers an opportunity to participate in the most basic mining tasks – from soil sampling and geophysical surveys to excavating resources. The game features a comprehensive marketplace where players can get the money value of their mining operations. Players will sell mined resources on NuggetRush's marketplace. 

Revenue raised from such sales could be invested in upgrading mining machinery and recruiting better workers.

By boosting mining efficiency, players become eligible for higher rewards. Players can also earn money by trading their in-game collectibles. With extra luck, you might find RUSHGEM NFTs, which can be swapped for gold. Finally, NuggetRush (NUGX) offers valuable rewards to gamers who stake their NFTs.

NuggetRush (NUGX) could become one of the best DeFi projects in the blockchain gaming industry. Its public presale has sold over 119 million tokens. NUGX has also recorded a sharp 50% increase from its first price of $0.01. It is now in round four of its presale, trading at $0.015. 

However, its token listing will come when NUGX rises by 33.3% to $0.02.

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Arbitrum Records $600 Million Increase in Market Capitalization

Arbitrum (ARB) has risen alongside several top altcoins due to the widespread bull run triggered in early November. Data from CoinMarketCap shows that Arbitrum's (ARB) market capitalization has risen by over $600 million since mid-October.

Arbitrum's ARB token traded at $0.9909 on November 2. A month later, it had grown by 4.3% to $1.0337 as of December 1. ARB remained bullish, jumping by 34.6% to $1.3918 by December 25.

Arbitrum's (ARB) performance could get a boost from its recent partnership with Uniswap. On November 9, Gitcoin introduced a Uniswap-Arbitrum Grant Program that will last till May 9, 2024.

The Programme would provide grants ranging from $50,000 to $250,000 to developers within the Uniswap-Arbitrum ecosystem. Experts say Arbitrum's (ARB) network activity will rise following excitement around the grant program. It could further push ARB up by 13.0% to $1.5728.

Cosmos Rises Amid Controversy Around Proposed Chain Split

The Cosmos (ATOM) community faced controversies over a proposed network split in November. Yet, Cosmos has maintained a bullish stance. After passing a proposal to cut down inflation on the network, Cosmos' founder suggested a network split. Analysts expected the news to reduce Cosmos' bullish momentum.

ATOM traded at $7.88 at the start of November. Four weeks later, ATOM jumped by 22.3% to $9.64 by December 2. ATOM's bullishness increased, and it rose by 20.5% to $11.62 by December 26.

Cosmos' (ATOM) plan to cut down inflation involved a reduction of staking yield from 19% to 13.4%. The proposal aimed at making Cosmos more attractive to more consumer chains. Yet, the proposal sparked controversy as validators argued whether the new inflation limit would allow them to stay profitable.

Despite the controversy, analysts say Cosmos (ATOM) will keep rising due to the current market bull run. They expect ATOM to rise by 16.3% to $13.52.

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