NuggetRush, NEAR or Arbitrum for better investment choice?

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TLDR

• Near Protocol is collaborating with Polygon to build a zk proof of its Web Assembly upgrades.
• Arbitrum will also collaborate with Celestia, allowing the latter to use its Orbit System.
• NuggetRush (NUGX) has revealed its plans to create new utilities for NFTs in the play-to-earn community.

Near Protocol is partnering with Polygon to introduce WASM blockchains to Ethereum. Elsewhere, Arbitrum will offer its Orbit services to Celestia as the latter plans to boost its network activity. Analysts say the partnership could be positive for ARB.

Yet, NuggetRush (NUGX) is generating more interest due to its high potential for wealth and exciting mining adventures. NUGX’s value has risen sharply, but does it have what it takes to be a top ICO project? Let’s discuss.

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NuggetRush (NUGX): Changing the Narrative of Play-to-Earn Games

The video gaming industry’s revenue is estimated to reach $249.60 billion. It is also expected to grow annually at 9.83%, reaching $363.20 billion by 2027. The recent rise of blockchain gaming means gamers will spend their time in a decentralized gaming universe.

NuggetRush (NUGX) is a project aimed at capitalizing on the expected growth of the gaming industry. It involves a mining experience where players aim to reap financial rewards. NuggetRush allows players to immerse themselves in the world of artisanal mining. 

Players must use regular mining techniques to find and excavate resources from mineral-rich lands.

NuggetRush (NUGX) offers bountiful rewards to players as they complete tasks and challenges. These rewards include valuable NFTs that improve a player’s winning chances in the game. 

NuggetRush also allows players to stake their NFTs and receive a fixed interest. NFT staking allows players to earn money from their NFTs without selling them. NuggetRush (NUGX) ensures its mining adventure is open to all by leveraging Ethereum’s technology.

Analysts agree that NuggetRush’s (NUGX) services are so unique that it could become one of the most popular NFT projects. The project’s ongoing blockchain ICO has sold nearly 50 million tokens. Its value has already been appreciated, giving a 20% return to first-time buyers. 

Now, NuggetRush is in round two of its presale, costing $0.012. NUGX’s value would increase by 8.3% to $0.013 by round three. The game will then be launched after NUGX rises to $0.020.

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Celestia Integrates with Arbitrum Orbit

Arbitrum (ARB) will increase its blockchain services via a partnership with Celestia. The partnership would allow Celestia to leverage Arbitrum’s (ARB) scaling technology for faster transaction processing. 

Celestia empowers developers to deploy blockchain technology without the hassles of traditional decentralized networks. 

Despite Arbitrum’s new partnership, ARB’s price has suffered from high volatility in November. ARB was trading at $1.036 on November 1. By November 9, ARB rose by 16.4% to $1.206. However, ARB lost momentum and fell by 14.4% to $1.032 on November 18.

Arbitrum (ARB) has faced intense competition from other layer-2 scaling solutions in 2023. Optimism and Base Network have rivaled Arbitrum’s (ARB) performance, taking a significant part of its user base. 

Still, analysts are confident that Arbitrum’s partnership with Celestia could significantly improve its network services. They further conclude that ARB could rise by 31.1% to $1.353 by early 2024.

Near Protocol Reveals Partnership with Polygon Amid Positive Market Performance

On November 8, 2023, Near Protocol announced a partnership with Polygon to create zero-knowledge (ZK) provers for Web Assembly (WASM) blockchains. Polygon aims to connect WASM blockchains to the Ethereum ecosystem via its partnership with Near Protocol.

News of the partnership coincides with NEAR’s recent market rally.NEAR was trading at $1.528 on November 1. By November 18, NEAR had risen by 15.8% to $1.770.

Near Protocol’s performance could also increase following the network’s partnership with Nym Technologies on November 1. The partnership would boost data privacy and encryption services on Near Protocol. This could boost Near Protocol’s trading activity, thus pushing NEAR up by 9.8% to $1.945 by early 2024.

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*This article was paid for Cryptonomist did not write the article or test the platform.