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1 year ago
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ARTICLE AD BOX
- Avalanche’s market capitalization has increased by over 100% since early November.
- AVAX has now soared to the $39 range.
- NuggetRush (NUGX) is garnering love in the P2E gaming industry as its presale has sold over 130 million tokens.
Avalanche’s (AVAX) market capitalization has increased by $10 billion in the past few months. Now, the network plans to bolster its growth by investing in meme coins.
Still, analysts say Avalanche (AVAX) will be overshadowed by NuggetRush (NUGX), a mining adventure game that offers vast P2E benefits. The project has sold over 130 million tokens. Yet, can NUGX emerge as one of the best new ICOs? Let’s discuss.
Avalanche Records $10 Billion Increase in Market Capitalization
Avalanche (AVAX) has become one of the best-performing cryptocurrency projects since the end of October. Reports from CoinMarketCap show that Avalanche’s market capitalization has increased from $3.7 billion at the start of November to $14.5 billion by December. Avalanche’s AVAX token has also recorded a spectacular increase.
AVAX traded at $12.11 on November 3. A month later, AVAX jumped by 81.4% to $21.97 by December 3. AVAX’s bullishness doubled, and it rose by 83.0% to $40.21 by December 29.
Avalanche’s growth momentum rose after increased demand for spot cryptocurrency ETFs. Increased investor sentiment boosted trading activity for top DeFi projects like Avalanche.
Still, analysts expect Avalanche to grow further due to a recent plan to increase its meme coin holdings. BONK’s popularity has increased demand for meme coins. Analysts say Avalanche’s plan to invest in meme coins could boost AVAX’s value by 32.3% to $48.21.
NuggetRush: Round Four Buyers Fixated on 20% Increase
NuggetRush (NUGX) is a mining adventure game that is immersive and rewarding. It comprises a 3D universe of artisanal miners spread throughout a mineral-rich landscape. A player’s job is to collect machinery while recruiting skilled miners to establish a booming business. At the start of the game, players can create personalized avatar characters. They will also get more NFT characters and a handful of mining equipment.
The goal is to explore NuggetRush’s (NUGX) landscapes, find mineral-rich locations, and set up mining sites. Resources from mining sites are sold on the game’s marketplace. To collect vast resources, players need multiple mining operations. Thankfully, NuggetRush’s (NUGX) marketplace comes fully equipped with everything gamers need.
Players can assemble large teams of efficient miners from its marketplace. Furthermore, gamers can collect better mining equipment, which increases their mining efficiency. The higher a player’s mining efficiency, the greater their reward eligibility. NuggetRush (NUGX) also allows team collaborations between players. This also boosts mining efficiency for individual gamers.
NuggetRush’s blockchain ICO is ongoing so players can become early participants in its mining ecosystem. Since its presale launch, interested patients have bought over 130 million tokens. Token sale revenue has also reached $1.45 million. Yet, NUGX’s presale is still in its fourth round. NUGX now trades at $0.015 but will jump by 20% to $0.018 by round five of its presale.
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