- Avalanche (AVAX) has recorded a sharp market increase since early November.
- THORChain (RUNE) is also on a bullish rally.
- NuggetRush (NUGX) has sold over 92 million tokens, showing a growing interest in its mining adventure game.
Avalanche (AVAX) has jumped sharply since November as market bullishness has soared. THORChain (RUNE) has also recorded a 100% increase.
Yet, NuggetRush (NUGX) has stolen the spotlight after its presale has grown by 30%. The project is a mining adventure game set in a mineral rich terrain. Yet, can NUGX’s market performance make it a top ICO? Let’s discuss.
Avalanche Capitalizes on Growing Market Bullishness
Avalanche (AVAX) has risen sharply since the end of October following bullishness that has filled the market. Rumors of possible spot crypto ETF approvals hit the market in November, decreasing Avalanche’s investor sentiment. Following the growing bullishness, Avalanche’s (AVAX) market capitalization jumped significantly.
Avalanche’s AVAX token has also soared significantly. At the end of October, AVAX traded at $11.45. It jumped by 86.8% to $21.39 on November 30. AVAX rose further by 86.1%, reaching $39.81 on December 15.
Avalanche’s (AVAX) growth could continue due to its growing gaming services. Several play-to-earn networks have moved to Avalanche following an upgrade to its subnets on October 31. The upgrade could also make Avalanche (AVAX) one of the top DeFi projects in the gaming industry. This could further boost its rally, taking AVAX up by 12.5% to $44.81.
NuggetRush: Mining Adventure Unveils NFT Staking Services
NuggetRush (NUGX) is a mining adventure that offers the opportunity to earn valuable rewards by becoming a professional artisanal miner. The game is set in a vast terrain full of mineral rewards. Players must then use the skills of professional miners and entrepreneurs to establish a booming business. NuggetRush (NUGX) features several challenges, competitions, battles, and ranked play.
It offers players different opportunities to earn wealth from its play-to-earn adventure game. Players can either complete individual missions or group challenges. NuggetRush (NUGX) rewards players with extra NFTs, improved machinery, and higher mining efficiency. The game also features a high-quality marketplace where players can purchase improved NFTs and more skilled NFT characters.
Players primarily earn money from selling mined resources and in-game collectibles on NuggetRush (NUGX). The game also offers gold rewards in the form of RUSHGEMS. Players can turn in their RUSHGEM NFTs for gold over on NuggetRush’s marketplace. Finally, NuggetRush (NUGX) will pay out attractive APYs to gamers who stake their NFTs. Players with a higher staking duration will likely receive higher rewards.
NuggetRush’s (NUGX) ongoing blockchain ICO has returned a 30% profit to its first buyers. Its initial value stood at $0.01. By round three of NuggetRush’s presale, its value has jumped by 30% to $0.013. When it gets listed, NUGX’s value will jump to $0.02!
THORChain Records 100% Increase
THORChain (RUNE) has become one of the fastest-growing projects since November. Network activity on THORChain soared in November, making it the third-largest decentralized exchange by daily trading volume. Data from DeFiLlama also showed a modest increase in THORChain’s (RUNE) Total Value Locked (TVL), taking it to $343.13 million in November.
Rising network activity on THORChain boosted RUNE’s November performance. RUNE was trading at $2.93. A month later, RUNE jumped by 120.0% to $6.46 by November 30. However, RUNE’s bullish momentum decreased, and it fell slightly by 11.7% to $5.70 as of December 13.
Despite THORChain’s (RUNE) slight decline in December, analysts are confident its growth will continue following the high investor sentiment in the crypto market. Several traders are expecting spot crypto ETF approvals in early 2024. This has boosted demand for several top altcoins.
Analysts hope THORChain can capitalize on the bullishness with a RUNE 26.3% price increase to $7.20.
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