NUGX, Polkadot, and NEAR: A Trio of Cryptos Experiencing Notable Price Rallies This Week

TLDR

• Polkadot has announced a partnership with Cardano, which has increased DOT’s investor sentiment.
• Near Protocol (NEAR) hopes to boost its recent market gains during the upcoming NEARCON developer conference.
• Still, NuggetRush (NUGX) could emerge as a fierce competitor due to its fast-rising fame in the play-to-earn community.

The crypto market is showing bullish signs, leading investors to pay special attention to three projects: NuggetRush, Polkadot, and Near Protocol. Polkadot (DOT) is partnering with Cardano to help the latter increase its network services. 

Likewise, Near Protocol’s (NEAR) network performance has improved in the past few weeks. Despite Near Protocol’s rising Total Value Locked (TVL), investors prefer NuggetRush due to its NFT staking features. Which of the projects above will become the best cryptocurrency investment? Let’s hear expert opinions.

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NuggetRush (NUGX): Investors Stunned by 20% Increase

The crypto market is bubbling with news of NuggetRush’s (NUGX) blockchain ICO, which has just grown by 20%. Firstly, NuggetRush is a Play-to-earn mining adventure that thrills users with the possibility of winning financial rewards. The game features a world of artisanal miners in a mineral-rich terrain.

To win rewards on NuggetRush (NUGX), players must find mineral-rich areas and excavate natural resources. Players get in-game money, better machinery, and even more NFT characters for completing mining challenges. The NuggetRush adventure is open to all. It is native to Ethereum and provides access to as many gamers as possible.

NuggetRush (NUGX) prioritizes community building. It allows collaborations between gamers, thus leading to higher efficiency and better rewards. Special NFT rewards include RUSHGEMS, which are tradeable for gold. Better still, gamers can earn money from staking their NFTs.

NuggetRush’s reward potential has made it one of the most popular NFT projects. NUGX’s earliest supporters enjoyed a 20% ROI as it moved into Round 2 of its presale. By Round 3, NUGX would rise by 8.3% to $0.013. Following NUGX’s listing on major exchanges, the game will go live. 

Polkadot (DOT) Announces Partnership with Cardano

On November 6, 2023, Polkadot (DOT) announced a partnership with Cardano to allow the latter to use Substrate to build its “partner chain” project. Substrate is the foundation of Polkadot’s Software Development Kit (SDK). By partnering with Cardano, Polkadot is expanding across Web3 systems and becoming easily usable for other chains.

The announcement of Polkadot’s partnership with Cardano coincides with DOT’s ongoing market rally. DOT was trading at $3.673 on October 12. However, DOT had risen by 35.2% to $4.968 by November 6 after announcing its partnership with Cardano.

The clamor for spot Bitcoin ETFs influenced DOT’s rally in the past few weeks. Some analysts believe the Securities and Exchange Commission (SEC) is close to approving spot BTC ETF applications. 

This could increase investor sentiment for several cryptocurrencies and further boost DOT’s gains in light of Polkadot’s recent partnerships. Analysts say DOT might end the year trading at $5.673, rising by 14.1%.

Near Protocol (NEAR) Gains Massively Ahead of its Developer Conference

Ahead of its upcoming developer conference, Near Protocol’s (NEAR) network activity has surged. Near Protocol’s (NEAR) daily trading volume had also surged since the final week of October. 

On October 22, its daily trading volume stood at $40.96 million. Yet, it had grown to $253 million on November 1. Near Protocol’s total value locked (TVL) had also risen from $76 million to $111 million, growing by 54%.

As expected, Near Protocol’s increasing network activity has also boosted NEAR’s price in the past few weeks. NEAR was trading at $1.053 on October 22. Yet, NEAR had risen by 50.4% to $1.584 by November 6. NEAR’s price increase by early November represented a five-month high.

Near Protocol could get a boost from its upcoming NEARCON developer conference. Analysts expect Near Protoocol’s team to unveil new changes that could boost the network’s investor sentiment. If that happens, NEAR could rise by 34.7% to $2.135 by the end of the year.

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