Exploring Alternatives as Near Protocol and Polkadot Momentum Wanes: New Investment Avenues

TLDR

• Near Protocol will leverage Arbitrum’s Data Availability (DA) services.
• The excitement around Polkadot 2.0 could boost DOT’s performance in 2024.
• NuggetRush (NUGX) presale earnings have surpassed $1.5 million after selling over 130 million tokens.

Near Protocol (NEAR) has unveiled a recent partnership with Arbitrum. Polkadot (DOT) has jumped to the $8.00 range as excitement around its new upgrades builds.

Still, NuggetRush remains the crypto of choice for most investors, leading to the sale of 130 million NUGX tokens. The NFT gaming adventure offers numerous ways to earn from its mining adventures. Yet, can this make it one of the top DeFi projects? Let’s hear what NUGX supporters say.

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Near Protocol Eyes $4 Amid Growing Partnership with Arbitrum

On December 21, 2023, Near Protocol (NEAR) revealed that Arbitrum would integrate its data availability layer. The partnership would allow Ethereum rollup builders on Arbitrum to simplify network usage and reduce costs. It would also allow them to scale like the NEAR Protocol.

News of the partnership comes amid Near Protocol’s immense growth in the final months of December. NEAR traded at $1.4765 on November 3. A month later, NEAR jumped by 36.1% to $2.0106 by December 2. NEAR soared by 88.9% to $3.7992 on January 1 due to skyrocketing bullish sentiments in the crypto market.

Near Protocol’s (NEAR) November rally was influenced by the bullishness caused by spot crypto ETFs. The expectation of spot crypto ETF approvals has risen since the end of 2023, thus increasing trading activity for several altcoins. 

Near Protocol’s (NEAR) market capitalization has increased significantly since October due to increased demand. Analysts say Near Protocol will rally further due to its recent partnership with Arbitrum. This could push NEAR’s value up by 14.4% to $4.3492. If Near Protocol (NEAR) rises further, it could be one of the best DeFi projects.

NuggetRush: Come, Challenge other Artisanal Miners for Gold Rewards

NuggetRush (NUGX) is a dynamic blockchain community where members celebrate the intrigues of artisanal mining. It comprises a realistic exploration of a mineral-rich world. Players aim to establish mining operations on NuggetRush’s landscape. The game involves various mining challenges where players must assemble a workforce with efficient machinery.

The more mineral-digging sites a player can set up, the higher their reward-earning ratio. Players then trade these resources for cash on the game’s NFT store. NuggetRush will reward players for completing missions. These rewards include mining equipment and NFT characters.

NuggetRush (NUGX) stands out for restoring decision and data control to users. Furthermore, gamers can win real gold when they find RUSHGEM NFTs. Finally, another income source on NuggetRush is NFT staking. 

Players can earn money by locking their NFTs for a fixed period. The longer a user holds their NFTs, the higher their gaming rewards. NuggetRush has a goal of reaching a market capitalization of $100 million. Yet, analysts say its stack of services holds the potential to achieve that goal.

NuggetRush is becoming a top choice crypto as its presale has sold over 130 million NUGX tokens. Early NUGX supporters are already in profit as it has jumped by 50% from its first price. NUGX is now in round four of its presale, with a market value of $0.015. 

By round five, NUGX will rise to $0.018, growing by 20%. NUGX will also get listed when its value climbs to $0.028.

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Polkadot Fails to Hold the $9 Mark Despite Recent Bullish Momentum

Polkadot (DOT) has become one of the top crypto coins since November as its market performance impressed investors. After capitalizing on the widespread bullish sentiment in the crypto market, Polkadot climbed to the $9.00 region. Yet, Polkadot (DOT) dropped back to the $8.00 region despite high trading activity.

DOT traded at $4.6155 on November 3. As demand for cryptocurrencies increased, DOT jumped by 21.9% to $5.6263 by December 4. DOT then skyrocketed by 64.0% to $9.2287 on December 25, but it lost momentum, falling by 6.8% to $8.5989 by January 1.

Polkadot (DOT) could rise further as developers are excited over its planned upgrades in 2024. Market experts say features from Polkadot’s 2.0 upgrades will be unveiled this year. Already, network activity on Polkadot (DOT) has risen since Q4 2023. 

Analysts say this trend could increase following the gradual launch of Polkadot 2.0. This could push DOT’s value up by 15.5% to $9.9389.

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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.