- Cardano (ADA) could fall below $5 as its bullish momentum has declined significantly.
- Staking activity on Celestia increased in early January.
- NuggetRush (NUGX) has unveiled high-value rewards and NFT staking opportunities in its play-to-earn universe.
Cardano (ADA) has lost bullish momentum despite excitement around Spot ETF approvals. Staking of Celestia’s token has boosted its growth momentum, taking TIA to the $18.00 range.
NuggetRush (NUGX) could outperform both projects after investors acquired 153 million tokens by round four of its presale. Analysts say NuggetRush’s mining game could become a world-beater. Yet, will NUGX be among the best new ICOs in 2024? Let’s talk about it.
NuggetRush Becomes Most Exciting Project in Play-to–Earn Landscape
The play-to-earn NFT gaming industry is about to change forever with the upcoming launch of NuggetRush. The project is an Ethereum-based meme ecosystem designed to celebrate the love for artisanal mining. NuggetRush (NUGX) allows players to become artisanal miners who earn money from excavating natural resource deposits.
On NuggetRush (NUGX), gamers need NFT characters and high-quality machinery to accumulate valuable financial rewards. These characters are well-versed in mining and running a business operation. Gamers are supposed to build viable resource digging sites, and earn money from selling resources like gold.
One of the key aspects of NuggetRush’s (NUGX) gameplay is selecting a mining workforce. Players are supposed to build an efficient mining workforce and empower them with adequate machinery. The larger your mining workforce, the more resource-digging sites you can operate. Thankfully, the game gives machinery and NFT characters as rewards for completing its mining challenges.
NuggetRush’s (NUGX) blockchain ecosystem offers community participation benefits. This could explain the massive flock of investors to its network. Since NuggetRush launched a presale, investors have acquired over 153 million tokens.
Now, its presale has entered round four, with NUGX trading at $0.015. NUGX has jumped by 50% from its presale launch price. Yet, more investors are eager for its exchange listing, which will happen when its value rises to $0.020. By its exchange listing, NUGX’s value would have grown by 33.3% from its current price.
Celestia Eyes $20 As Its Staking Activity Soars
Celestia (TIA) has soared since late October 2023. Yet, its recent performance in early January has stunned investors. Despite trading at $2.50 on the first day of November, Celestia’s market value has increased to nearly $19.00. Its market capitalization has also risen to $3 billion, growing by $2.7 billion since early November.
Celestia‘s TIA token traded at $7.0976 as of December 1. By December 31, TIA had jumped by 67.2% to $11.86. It remained bullish, rising by 55.7% to $18.47 by January 13.
Celestia’s (TIA) growth coincided with the rising market bullishness since late November. Yet, it got a major boost from increased TIA staking. Several new crypto networks have offered token airdrops to Celestia (TIA) stakers.
Furthermore, Celestia’s recent partnership with Polkadot could boost TIA’s performance, pushing it up by 15.5% to $21.34. Analysts agree that Celestia (TIA) is a good crypto to buy now due to its current bullish trajectory.
Cardano Struggles to Hold the $0.60 Mark in Early January
Despite the widespread market bullishness of December 2023, Cardano’s (ADA) growth has slowed considerably since early January. Cardano, like other top altcoins, rallied in the wake of renewed calls for spot crypto ETFs. Trading activity on Cardano shot up, pushing ADA’s value to the $0.60 range.
Cardano’s ADA token traded at $0.3842 on December 1. By December 27, ADA had jumped by 64.8% to $0.6335. ADA fell by 21.9% to $0.4942 by January 7. By January 13, ADA recovered by 11.1% to $0.5493.
Cardano (ADA) could rise further due to high development activity on its network. Already, Cardano has the highest GitHub commits among most altcoins. Furthermore, the SEC has approved spot crypto ETFs, which could boost demand for top 10 blockchain projects like Cardano. If this happens, ADA could jump by 29.1% to $0.7093.
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Disclaimer: This is a paid post and should not be treated as news/advice.
