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TLDR
- Litecoin (LTC) has dipped below the $70 mark despite its bullishness in late December.
- Polygon is dealing with reduced investor sentiment despite the popularity of its zkEVM services.
- NuggetRush (NUGX) has unveiled gold and NFT staking as part of the reward opportunities on its mining adventure game.
Litecoin’s bullishness has slowed down in early 2024. Polygon has also recorded a similar price correction despite rising above $1.00 in December.
However, NuggetRush (NUGX) seems to be the most in-demand cryptocurrency after its blockchain ICO sold over 140 million tokens. It has also recorded a 50% token value increase. Yet, can NUGX outperform LTC and MATIC? Let’s hear what market analysts think.
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Litecoin Falls Below $70 Amid Continued Market Bullishness
The crypto market entered a bull run in the final months of 2023 following increased demand for spot crypto ETFs. Litecoin (LTC) and several top altcoins had rallied impressively. However, the sustained market bullishness has failed to stop Litecoin’s drop. Despite rising to the $70.00 range in November, Litecoin’s (LTC) bullishness has dropped significantly.
Litecoin’s LTC token traded at $69.99 on November 29. By December 8, LTC had jumped by 12.0% to $78.40. Despite the widespread bullish momentum, LTC dropped sharply, falling by 16.2% to $65.68 by January 6.
Litecoin (LTC) could soar further if the Securities and Exchange Commission (SEC) approves spot crypto ETFs. The next window for such approvals is between January 8-10. Analysts say investors would boost their crypto holdings if the SEC gives the go-ahead on spot ETFs.
Litecoin (LTC) is already one of the most popular altcoins in the crypto payments industry. Increased bullishness could boost Litecoin’s trading activity, thus pushing LTC up by 20.7% to $79.32.
NuggetRush: P2E Lovers Excited over Gold-Earning Potential of Mining Game
NuggetRush (NUGX) offers a mining adventure game that combines play-to-earn gaming, virtual reality, and crypto-based asset ownership. Gamers are thrown into a surrealistic landscape where they must build a mining workforce and excavate mineral resources. Players will earn money from trading natural resources.
Thankfully, NuggetRush (NUGX) requires no prior mining experience. Gamers receive various NFT characters that possess mining and business expertise. These characters will help players set up mining operations all over NuggetRush’s landscapes. The more resources a gamer can mine, the higher their profits from mining activities.
To rise to the top of leaderboards on NuggetRush, gamers need multiple mining operations with efficient workers. Gamers must make crucial investments like purchasing extra workers and more efficient machinery. NuggetRush (NUGX) rewards players with NFTs after they complete mining activities. Gamers can also liquidate their game holdings efficiently, thus leading to a smooth P2E experience.
NuggetRush (NUGX) could become one of the most popular NFT projects after selling over 140 million tokens to crypto community members. Its presale value has also recorded a mega 50% jump since its launch. NUGX’s round-one price was $0.010. By round four, NUGX has jumped by 50% to $0.015. By round five, NUGX will continue its upward trajectory with a 20% rise to $0.018.
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Polygon Records Sharp Correction in Early January
Polygon’s (MATIC) increased bullishness in the final months of 2023 had pushed MATIC above $1.00. Yet, Polygon was unable to maintain that momentum in early January. Many investors were surprised as Polygon’s (MATIC) January drop followed the teasing of a major banking partnership on its network.
MATIC’s value stood at $0.7625 on November 30. By December 25, MATIC had jumped by 19.6% to $0.912. It rose by 11.3%, reaching $1.0157 on January 1. Yet, MATIC fell by 18.4% to $0.8282 by January 6.
Polygon (MATIC) could rise further due to the expected boost in DeFi activity in the crypto market. Network activity on Ethereum has grown following the current market bullishness.
Analysts say this would boost demand for scaling networks like Polygon (MATIC). Already, Polygon’s zkEVM was one of the most popular blockchain networks in 2023. Analysts expect its popularity to rise further, thus pushing MATIC up by 35.7% to $1.1247.
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Source: https://finbold.com/investors-flock-from-litecoin-and-polygon-to-a-trending-new-digital-currency/