Polygon (MATIC) vs. NuggetRush (NUGX) vs. Chainlink (LINK)

Amid market turmoil caused by an erroneous Bitcoin ETF report, Polygon’s (MATIC) market has regained stability. On the other hand, NuggetRush revives the meme coin sector with NUGX staking, offering up to 20% APY. Yet, Certain Chainlink investors hold large amounts of LINK unseen in six years. Will Polygon and Chainlink keep rising to catch up with NuggetRush? Let’s explore here.

TLDR

• Google Cloud becomes a validator on Polygon’s network and helps push MATIC’s price slightly higher.
• NuggetRush revives the turbulent meme coin sector with multiple NUGX utilities.
• Chainlink holders keep accumulating as LINK keeps rising.

Polygon Sees Developments on its Network, MATIC Unmoved

On September 30, 2023, a major development happened as Google Cloud became a validator on Polygon’s (MATIC) network. This move is in harmony with Polygon’s (MATIC) mission to broaden Ethereum’s influence and underscores the growing engagement of tech industry leaders in propelling blockchain into the mainstream.

Polygon’s (MATIC) team recently launched the latest version of their STARK-based solution, Miden VM (v0.7). This update features an enhanced assembly language, an improved development library, and optimized data logistics. Miden founder Bobbin Threadbare shared the details of this Polygon (MATIC) milestone in his X thread.

Following wild market fluctuations prompted by erroneous reports of a spot Bitcoin ETF approval on October 15, 2023, Polygon’s (MATIC) market has regained its composure. Notably, several altcoins have rebounded from the uncertainty. Presently, on-chain data indicates positive momentum in Polygon’s (MATIC) price.

On October 17, 2023, Polygon (MATIC) was trading at $0.5194. Analysts expect MATIC to maintain its upside momentum to trade at $0.5775 by the end of 2023, supported by developments on its network. Hence, Polygon (MATIC) is a good crypto to buy today.

NuggetRush (NUGX) Stable In A Turbulent Market

In the current bear market, NuggetRush aims to inject new life into the turbulent meme coin sector. It offers features like NUGX staking, providing rewards of up to 20% APY to revive the industry.

NuggetRush (NUGX) is introducing a play-to-earn (P2E) game and implementing tokenomics, with its governance token designed to have deflationary characteristics.

The rapid growth of an active community and increased demand for NuggetRush (NUGX) in its presale can be credited to several factors and components. 

They include innovative technology, community-driven development, and a vision that enables NFT, decentralized finance (DeFi), and gaming enthusiasts to discover and derive value from what NuggetRush’s (NUGX) team describes as an “ecosystem of rewards.”

Also, NuggetRush’s future seems promising with an action-packed roadmap positioning NUGX as a top memecoin. Scheduled developments include the launch of NuggetRush’s marketplace and the enactment of a NUGX staking mechanism.

NuggetRush’s crypto ICO is in Stage 1 of its presale, selling NUGX tokens at $0.010 each. Analysts say now is the best entry point into the market since NUGX’s value will explode in the coming month, reaching its listing value of $0.020, a 100% profit.

NuggetRush (NUGX) investors can customize and sell their avatar NFTs, ranking them as the best NFTs to invest in.

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Chainlink Holders Increase, LINK Slightly Bullish

A subset of large Chainlink investors owns a substantial quantity of LINK tokens, maintaining these holdings at levels unseen for the past six years.

As per Santiment’s on-chain data posted on October 17, 2023, Chainlink (LINK) has recorded a 30% gain over the last five weeks. The report also reveals aggressive accumulation by Chainlink whale wallets holding 100,000 to 1 million LINK tokens, adding a significant $38.5 million worth in the past week.

Interestingly, Chainlink (LINK) has seen a 20% increase in the past month. Nevertheless, when observing the yearly chart, there has been considerable price fluctuation within the $6 to $8 range.

Chainlink (LINK) shared its most recent adoption update on October 16, revealing nine new integrations involving five Chainlink services deployed on multiple chains. Also, Chainlink (LINK) partnered with SWIFT and the Australian bank ANZ to explore cross-chain functionalities related to real-world assets.

All these developments keep pushing Chainlink (LINK) higher. On October 17, LINK was trading at $7.32. Analysts expect LINK to keep rising to $8.12 by the end of 2023, supported by increased demand from crypto whales.

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