Monero’s (XMR) market performance has stagnated due to high volatility. Ethereum Classic (ETC) could also rally following a planned upgrade on January 31, 2024.

8 views 4:53 am 0 Comments December 31, 2023

Emerging Trends in Digital Currency: Monero and Ethereum Classic Enthusiasts Eye a New Cryptocurrency – Crypto Daily

Table of Contents

  • Monero (XMR) has recorded a slow market performance since early November.
  • Ethereum Classic’s (ETC) growth could jump following its planned network upgrades.
  • NuggetRush’s (NUGX) mining game could become the next top play-to-earn project.

Monero’s (XMR) market performance has stagnated due to high volatility. Ethereum Classic (ETC) could also rally following a planned upgrade on January 31, 2024.

However,NuggetRush will likely outperform both projects after its blockchain ICO has sold over 85 million tokens. NUGX has already grown by 30% since its presale.

Yet, can this make it a top ICO project? Let’s hear expert opinions.

Monero Faces High Volatility Despite Market Bullishness

Monero’s (XMR) market performance has faced high volatility despite growing bullishness around spot Bitcoin ETFs. Several cryptocurrencies have experienced a  sharp market rise due to increased trading activity in the crypto market. Yet, Monero’s (XMR) performance has been hit with volatility.

XMR  traded at $171.64 on November 1. It fell by 6.3% to $160.79 by November 16. XMR then jumped by 8.8% to $174.99. However, XMR’s volatility remained, and it fell by 61.0%to $168.24.

Monero’s (XMR) volatility is likely due to negative sentiments around privacy coins in 2023. The EU has moved to ban privacy coins, reducing investor sentiment for coins like Monero (XMR).

Binance had earlier delisted Monero before undoing its decision. Analysts conclude that Monero’s reduced investor sentiment could continue till Q1 2024. This could further drop XMR’s value by 14.5% to $58.34.

NuggetRush: Mining Adventure Sells Over 85 Million Tokens in its Ongoing Presale

NuggetRush (NUGX) is a mining adventure game that could become the next big thing in the play-to-earn industry. It features a mining experience that is comparable to real-world artisanal mining. NuggetRush (NUGX) offers players the opportunity to win vast financial rewards by completing challenges in its mining adventure.

Players can complete mining challenges alone or as part of a mining group. NuggetRush(NUGX) offers various gameplay modes, including competitions, ranked play, and battles. One of the standout aspects of NuggetRush is its high reward potential.

Each player is entitled to various rewards across the gameplay, notwithstanding their level or skill in the game. Furthermore, NuggetRush (NUGX) allows users to earn money from staking NFTs.

Players can stake their character and equipment NFTs, a feature only available on the top DeFi projects. NuggetRush (NUGX) also offers gold rewards to its players. It allows players to swap special NFTs called RUSHGEMS for real gold. The platform will also ensure delivery of gold rewards to users.

NuggetRush (NUGX) is in the third round of its presale. It has raised over $950,000 since its launch. Its current value stands at $0.013. NUGX has already grown by 30% since its presale launch. Now, it is gearing up for a big increase to $0.018 by round four of its presale. NUGX investors can expect its token listing when its prices rise to $0.02.

Ethereum Classic Could Capitalize on Excitement Around Network Upgrades

Ethereum Classic’s (ETC) performance since the end of October has been modest despite the rising bullishness in the crypto market. Demand for spot crypto ETFs has increased trading activity for several networks. Yet, Ethereum Classic’s (ETC) market increase was decent.

ETC traded at $17.78 on November 1. A month later, ETC jumped by 6.6% to $18.97. ETC rose by 15.8% to $21.97 on December 7 before falling by 9.3% to $19.92 on December 15.

Ethereum Classic’s (ETC) market performance could rise further due to excitement around its coming upgrades on January 31, 2024. Several analysts and community members have criticized Ethereum Classic for slow network development.

This reduced investor sentiment for Ethereum Classic in 2023. Ethereum Classic (ETC) hopes to undo that trend via its new upgrades. This could push ETC up by 23.0% to $24.52.

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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