Friday, 8 December 2023

Crypto News

insights on possible investment opportunities (NUGX, AVAX, MATIC)

insights on possible investment opportunities (NUGX, AVAX, MATIC)

  • Avalanche will lay off 12% of its employees despite the ongoing rally of its AVAX token.
  • Polygon is also suffering from declining NFT sales. Yet, Polygon’s MATIC token has maintained its bullish performance.
  • NuggetRush (NUGX) offers the opportunity to win gold and other financial rewards via its play-to-earn mining adventure.

NFT sales have slumped in the past few weeks. Yet Polygon has remained bullish because of its zkEVM. In contrast, Avalanche has confirmed it would lay off 12% of its workforce, largely due to the effects of the bear market.

Still, a project called NuggetRush (NUGX) is pulling investors from all market sectors. Analysts say NuggetRush’s unique offering to the play-to-earn sector could make NUGX a top ICO project. Will these analysts be proven right? Let us discuss.

NuggetRush bridging DeFi and GameFi through NFT staking

Earning rewards for game activity and enjoying more control over game assets is the goal of GameFi. Yet, very few projects can capture that essence like NuggetRush. The game leverages Ethereum’s blockchain technology and high-end game mechanics to produce an adventurous experience with several rewards.

NuggetRush (NUGX) captures the entire mining experience. Players will dig shafts, build tunnels, and use several soil sampling techniques. Using NuggetRush’s (NUGX) character NFTs, players must start and sustain a booming mining business. 

Furthermore, gamers will make wise investment decisions to ensure their mines stay profitable. Some of the character NFTs will have sharp business skills to aid players in their mining adventure.

Players can enjoy the mining experience alone or in groups. They can also compete against other groups of players in battles, ranked plays, and quests. 

Group rewards are shared after players complete challenges. Rewards include in-game money, NFTs, and improved machinery. Players can trade these rewards for money on NuggetRush’s marketplace.

NuggetRush plans to launch its mining game after its NUGX token is listed. Currently, NuggetRush is in Round 2 of its presale, costing $0.012. By Round 3, NUGX’s value would increase by 8.3% to $0.013. NUGX will then be listed when it reaches $0.020.

Avalanche confirms staff cuts

On November 7, 2023, Avalanche’s CEO and founder, Emin Gun Sirer, confirmed that the company would…

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