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TLDR
- Polkadot’s (DOT) bullishness has continued into 2024 amid its excessive community exercise.
- Analysts predict a larger demand for Cosmos (ATOM) after its latest DeFi hub.
- NuggetRush (NUGX) might turn out to be a trendsetter within the play-to-earn business after it unveiled high-value NFT rewards.
Polkadot’s (DOT) community exercise has remained excessive since December regardless of its latest worth correction. Cosmos (ATOM) might recuperate following pleasure round its DeFi hub.
Nonetheless, NuggetRush’s (NUGX) 50% presale progress makes it some of the in-demand blockchain networks. The venture includes a meme coin ecosystem and an adventurous P2E mining recreation. But, can NUGX outperform DOT and ATOM? Let’s talk about.
NuggetRush May Dominate Play-to-Earn Business in 2024
Play-to-earn NFT gaming adventures might turn out to be extra standard with the upcoming launch of NuggetRush (NUGX). The venture includes a meme coin ecosystem that celebrates the love for artisanal mining by means of an adventurous P2E rush for gold.
NuggetRush (NUGX) options a number of challenges and duties the place gamers compete for mineral rewards by establishing mining operations. The sport’s panorama is crammed with mineral-rich websites and skilled NFT miners with years {of professional} expertise.
A part of the gaming expertise entails assembling a workforce of skilled mining staff and buying environment friendly equipment. After gathering mining sources, gamers can set up resource-digging websites.
Gamers will even acquire mined sources and swap them for money on NuggetRush’s (NUGX) market. They additionally obtain rewards for the profitable completion of mining challenges. These rewards embody mining gear, staff, in-game funds, and NFT staking alternatives.
NuggetRush’s mining recreation will launch quickly because the NUGX token nears its itemizing worth of $0.020. Since NuggetRush’s (NUGX) blockchain ICO went stay, the venture has offered over 132 million tokens. NUGX now prices $0.015 by spherical 4 of its presale. It is going to develop by 20% to $0.018. NUGX will even checklist quickly, kicking off the NFT gaming journey.
Polkadot’s Community Exercise Soared in December 2023
Knowledge from The Block revealed a vital enhance in Polkadot’s (DOT) community exercise within the last month of 2023. The report confirmed that Polkadot’s day by day new addresses soared to 7,120 on Christmas day, reaching a 12-month excessive. Each day new addresses on Polkadot had additionally grown by 258% from December 1 to December 26.
Rising community exercise on Polkadot additionally coincided with DOT’s latest enhance. DOT’s worth as of December 1 stood at $5.4750. By December 25, DOT had soared by 68.5% to $9.2287. DOT misplaced some bullish momentum, declining by 8.8% to $8.4127 by January 2.
Polkadot’s (DOT) progress might enhance due to the bullishness brought on by the expectation of spot crypto ETFs. High altcoins like Polkadot have recorded skyrocketing demand as traders anticipate a main bull run. If the market bullishness stays, DOT might soar by 34.4% to $11.3132.
Cosmos To Rally Amid Pleasure of DeFi Hub
Plans to broaden the Cosmos (ATOM) ecosystem have acquired a large increase from a latest partnership between Osmosis and Umee. The partnership would merge each networks by implementing Umee’s chain code onto the Osmosis chain. This could lead to the creation of a Cosmos DeFi hub.
The announcement got here amid Cosmos’s (ATOM) late December enhance. ATOM traded at $9.7460 on December 4 after asserting its upcoming DeFi hub. By December 16, ATOM had jumped by 23.6% to $12.05. ATOM then corrected by 7.0% to $11.20 by January 1.
Cosmos (ATOM) might rise additional due to rising exercise on its IBC bridge. Already, the IBC connects 46 blockchains with a complete worth of $13 billion. Analysts anticipate this determine to develop in 2024, particularly after Cosmos launched its 2024 roadmap on December 13.
A rise in community exercise might push ATOM up by 15.8% to $12.98. Nonetheless, analysts say Cosmos (ATOM) won’t be a good crypto to purchase now due to its sluggish progress in late December.