Navigating the Onset of a Crypto Bull Market: Indicators and Prime Investment Choices
In Brief
While DOT and NEAR enjoy significant growth, NuggetRush (NUGX) unveils an innovative meme coin ecosystem with an engaging play-to-earn mining game.
TLDR
- Polkadot’s (DOT) network activity has jumped due to increased demand for Inscriptions.
- Near Protocol (NEAR) has recorded a significant increase in November.
- NuggetRush (NUGX) has unveiled a meme coin ecosystem with an exciting play-to-earn mining adventure.
Polkadot’s (DOT) “Inscriptions” have increased its transaction fees significantly. Near Protocol (NEAR) has also recorded a spectacular increase in its market capitalization.
Yet, NuggetRush (NUGX) is dominating crypto conversations after unveiling easy ways to win NFT and gold rewards. Since its presale launch, NUGX’s value has increased by 50%. Yet, can this make it one of the best DeFi projects in the gaming industry? Let’s discuss.
NuggetRush Tops Investor Wishlist After 50% Increase
NuggetRush (NUGX) is what many play-to-earn enthusiasts have long yearned for. It features a meme coin ecosystem with a vibrant community of adventurers and mining lovers. At the heart of NuggetRush (NUGX) is a play-to-earn mining thrill. Gamers will overcome various obstacles, collecting machinery and setting up mining establishments.
Resources from their mining operations are turned into cash via NuggetRush’s (NUGX) marketplace. For success, gamers need luck, critical thinking, and resource management skills. To build as much wealth, players need skilled miners with efficient machinery. To invest in such would require sharp thinking from players.
Thankfully, NuggetRush’s (NUGX) game rewards are available to beginners and experts. Players can also collaborate with expert artisanal miners, leveraging their experience to earn higher rewards on NuggetRush. They can also earn money from selling their game holdings on NuggetRush’s marketplace.
NuggetRush is now in the fourth round of its presale after recording astounding numbers in its blockchain ICO. Over 128 million tokens have been sold. NUGX has also recorded a stellar 50% increase since the start of its presale. NUGX now sells at $0.015. However, it will grow by another 20% to $0.018 by the next round of its presale.
Analysts Expect Big 2024 for Near Protocol After Spectacular Market Capitalization Increase
Reports from CoinMarketCap have shown a remarkable increase on Near Protocol (NEAR) since early November. Near Protocol alongside the rest of the crypto market entered a bull run in November following excitement around spot ETFs.
On-chain data showed a $2.2 billion increase in Near Protocol’s (NEAR) market capitalization from November to December. NEAR’s value as of November 1 stood at $1.5283. It rose by 23.9% to $1.8937 by December 1 following the widespread market bullishness. NEAR soared further, rising by 115.9% to $4.0895 by December 7.
Near Protocol’s increase could continue as analysts expect Spot crypto ETF approvals in Q1 2024. Investors have increased their crypto holdings, leading to high trading activity for several top altcoins.
Near Protocol (NEAR) could also get a boost from its recent partnership with a metaverse firm in South Korea. Analysts say the partnership could boost Near Protocol’s popularity in Asia. This could further push NEAR up by 44.0% to $5.8895. If Near Protocol (NEAR) remains bullish, it could be one of the top crypto coins in 2024.
“Inscriptions” Push Polkadot’s Network Fees to An All-Time High
Data from Token Terminal has revealed a sharp increase in transaction fees on Polkadot (DOT). Between December 18 and December 25, Polkadot’s transaction fees soared to an all-time high of $2.6 million. The report showed a 1218% increase in Polkadot (DOT) transaction fees from the previous week.
Polkadot’s increased network activity coincides with DOT’s rally in December. DOT traded at $4.7309 on November 1. A month later, DOT had risen by 15.7% to $5.4750. DOT soared by 68.5% to its 2023 high of $9.2287 on December 25 before dropping by 10.1% to $8.2926 by December 29.
Demand for Polkadot’s Inscriptions has jumped since early November. Similar to Ordinals, Inscriptions allow direct embedding of images and other data on the chain. This allows the creation of Dapps and even NFTs.
On December 21, Polkadot’s relay chain processed one million transactions, reaching an all-time high. If network activity soars further on Polkadot (DOT), it could jump by 24.1% to $10.2926.
Visit NuggetRush Presale Website
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articles
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
