- Avalanche (AVAX) has unveiled plans to invest in meme coins.
- Polygon’s (MATIC) zkEVM records an increase in network activity after a partnership with Chainlink.
- NuggetRush’s (NUGX) unexpected 50% growth is dominating headlines in the digital asset industry.
Avalanche (AVAX) will jump on the meme coin craze following the significant increase of Solana’s BONK token. Polygon (MATIC) has also rallied amid growing activity on its zkEVM network.
Another project with a spectacular rise is NuggetRush (NUGX), a meme coin ecosystem that allows community participation for gold and NFT rewards. NUGX’s value has jumped by 50%. Yet, can it become one of the top crypto coins in 2024? Let’s discuss.
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NuggetRush: 50% Growth Sparks Debate About Mining Project Becoming the Next Blue-Chip
NuggetRush (NUGX) is an Ethereum-based meme coin project with a thrilling mining adventure game. It allows players to indulge their adventurous sides while stacking up valuable NFT rewards. NuggetRush is also a community of individuals with a passion for artisanal mining.
The game offers a thrilling mining experience with hyper-realistic imagery. Players will get the look and feel of a mining landscape composed of vast mineral-rich lands. The objective is to set up various mining operations, starting small and expanding into a booming business.
NuggetRush (NUGX) features NFT characters with adequate mining skills. Players must then obtain machinery for their operations. This machinery could be purchased on the platform’s marketplace.
Players earn money from selling resources on the game’s marketplace. With smart investing of game resources, players can expand their mining operations, thus boosting their earning capacity. Another way to make money from NuggetRush (NUGX) is staking game NFTs and earning APYs, depending on the lockup duration.
NuggetRush’s (NUGX) presale numbers have grown to over 128 million tokens sold and $1.45 million in revenue generated. At the start of NUGX’s presale, it was $0.01. Now, in round four of its presale, NUGX’s value has jumped by 50% to $0.015.
NUGX will get listed soon after rising by 33.3% to $0.02. Analysts conclude that NuggetRush could become one of the top DeFi projects in the P2E industry when its game launches.
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Avalanche Hints at Investing in Meme Coins
On December 29, 2023, Avalanche (AVAX) announced it would invest in meme coins via its Culture Catalyst Programme. Avalanche’s plan for meme coin investing follows BONK meme coin’s sharp increase since early November. Furthermore, the news could increase Avalanche’s bullish momentum.
AVAX traded at $12.21 on November 1. Four weeks later, AVAX increased by 75.1% to $21.39 on November 30. AVAX then soared by 126.0% to its 2023-high of $48.35 on December 23. However, AVAX dropped by 16.8% to $40.21 as of December 29.
Analysts say Avalanche’s (AVAX) drive for meme coins is a positive one. Skyrocketing demand for BONK increased Solana’s market capitalization to $44 billion, growing by over $30 billion since October 22.
Avalanche (AVAX) is looking for a similar rise in network activity via its plan for increased support for meme coins. Analysts say AVAX’s value could thus rise by 30.1% to $52.32. If Avalanche keeps rising, it could become one of the best DeFi projects to buy.
Polygon crosses $1 as ZkEVM Network Records Uptick
Data from Artemis has revealed a sharp uptick in network activity on Polgyon’s (MATIC) zkEVM. The report showed that decentralized exchange volumes on Polygon zkEVM have jumped by 200% since November. Furthermore, the news comes two weeks after Chainlink integrated its data feeds on Polygon’s (MATIC) zkEVM.
Polygon’s market performance could increase following excitement around the news. MATIC traded at $0.6611 on November 2. Following Chainlink’s partnership with Polygon’s zkEVM on December 18, MATIC jumped by 21.0% to $0.8003. MATIC remained bullish, jumping by 25.3% to $1.0034 by December 28.
The user count on Polygon’s (MATIC) zkEVM services has increased since early November. Analysts expect this trend to continue as Polygon’s (MATIC) zkEVM becomes more popular. Furthermore, they expect a significant increase in Polygon’s trading activity, thus pushing MATIC up by 29.8% to $1.3034.
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