Decentraland (MANA) will face extra competition after The Sandbox’s new partnership. Whale activity on Dogecoin (DOGE) is also rising.
Still, NuggetRush (NUGX) could outperform both tokens after its presale value jumped by 80% since its launch. The project has also sold 162 million tokens. Yet, can NUGX rise above other new ICOs? Let’s hear from NUGX holders.
NuggetRush (NUGX) is a soon-to-launch mining game that follows the increased interest in the play–to-earn sector. The project contains a unique set of real-world utilities stacked on an interesting mining adventure. Gamers on NuggetRush (NUGX) get to explore a mineral-filled ecosystem.
The essence of NuggetRush (NUGX) is to make money from mining. It is designed for gamers with a knack for adventure and high reward probability. Completing NuggetRush’s challenges will involve using skilled miners and entrepreneurial NFT characters. Each character has varying abilities and luck. The kind of characters you select will affect your mining efficiency.
Gamers with higher efficiency are eligible for higher rewards. However, NuggetRush (NUGX) allows players to boost their mining efficiency. Players upgrade their mining efficiency by recruiting better workers and buying more efficient machinery. Joining mining partnerships and completing group tasks will boost a player’s mining efficiency.
NuggetRush’s (NUGX) presale is now in round five after a spectacular 80% jump from its round one value. It trades at $0.018 after selling over 162 million tokens. When NUGX jumps to $0.020, it will get listed by decentralized exchanges.
Dogecoin’s (DOGE) whale activity has risen sharply since December 2023. Data from CoinMarketCap shows that Dogecoin whales have moved over $100 million worth of DOGE tokens since mid-December. The rising whale activity follows Dogecoin’s (DOGE) rally at the end of 2023. Dogecoin soared to $0.10 as interest in community-driven meme coins increased.
However, DOGE’s growth momentum has slowed considerably in 2024. DOGE sold at $0.09202 on January 1. It fell by 13.8% to $0.07926 on January 9. DOGE fell slightly by 1.6% to $0.07799 on January 18 before recovering by 3.0% to $0.08034 on January 22.
Analysts say Dogecoin could rise to $0.10 again if its whale activity remains high. However, there are doubts about the ease of Dogecoin’s (DOGE) recovery. Some experts say the decline in demand for community-driven meme coins will prevent Dogecoin from returning to the $0.1 mark in Q1 2024. Whatever the case, DOGE holders expect a 12.4% rise to $0.09032.
Decentraland (MANA) is back to the $0.40 range after its decline in January. Like other top altcoins in the gaming industry, Decentraland rallied in late 2023. Capitalizing on late 2023’s bullishness, Decentraland (MANA) rose to the $0.50 range.
Analysts expected a continuation of Decentraland’s (MANA) growth but were disappointed by its performance in January. MANA crossed into 2024, trading at $0.5398 on January 1. It fell by 20.9% to $0.4267 on January 7. MANA jumped by 13.7% to $0.4855 on January 11 before falling by 9.0% to $0.4418.
Decentraland (MANA) could fall due to excitement around a new partnership signed by The Sandbox, one of its largest rivals. The partnership would offer a new competition where players can win NFTs usable throughout The Sandbox’s NFT gaming ecosystem.
As the partnership becomes more popular, users could leave Decentraland (MANA) for The Sandbox. This could push MANA down by 36.2% to $0.6018. Furthermore, it could threaten Decentraland’s position as one of the top DeFi projects in the blockchain gaming industry.
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