- XRP’s market capitalization soared by nearly $9 billion in early November.
- NuggetRush offers a hyper realistic mining experience with rewards like gold and other valuable NFTs.
Despite controversies around XRP’s legal status, its market capitalization has risen sharply in the past few days. Now, analysts wonder whether XRP will witness a rally before the conclusion of its legal battles.
Elsewhere, NuggetRush is combining hyper realistic game engines with a mining adventure to produce a play-to-earn experience filled with financial rewards. Some analysts expect NUGX’s blockchain ICO to be a better investment than XRP.
Would these analysts be proven right? Let’s discuss.
XRP Market Capitalization Soars
Data from CoinmarketCap showed that XRP’s market capitalization soared in early November. XRP’s market capitalization stood at $29.62 billion on October 29. By November 8, XRP’s market capitalization rose to $37.36 billion.
XRP’s rising market capitalization is due to its growing popularity following its summary victory over the SEC on July 13. Many exchanges have since listed XRP, thus boosting its trading volume.
The jump in XRP’s market capitalization likely contributed to its rising market performance in November. XRP was trading at $0.522 on October 22.
By November 7, XRP had risen by 31.4% to $0.686. XRP’s trading activity could rise further if the company reaches a favorable settlement with the SEC on November 9. This could push XRP up by 15.0% to $0.789.
NuggetRush (NUGX): Building Wealth Through Mining
NuggetRush (NUGX) is a mining experience that feels like the real deal while offering an opportunity to build wealth. The game provides a mining ecosystem where players must run a successful mining operation while earning financial rewards. NuggetRush (NUGX) comprises NFTs that contain artisanal miners, business managers, and mining equipment.
Players will then use geophysical surveys, soil sampling, and traditional prospecting techniques to find promising locations rich with mineral resources. The abilities of each NFT character will determine a player’s mining efficiency. The higher the mining efficiency, the higher the earnable rewards.
NuggetRush (NUGX) also allows players to collaborate on mining tasks. Players can join mining guilds and get extra rewards for participating in group challenges. NuggetRush rewards players with more NFTs, better machinery, and in-game money.
It also offers RUSHGEM rewards, allowing players to swap them for real-world gold. Players can sell other rewards on NuggetRush’s marketplace. However, players can hold their NFTs and stake them instead, directly earning a fixed interest.
Analysts say NuggetRush’s (NUGX) unique combination of gameplay adventure and high rewards could make it one of the most popular NFT projects. They further say it could become one of the top DeFi projects because it offers NFT staking.
Already, NuggetRush has sold 30 million NUGX tokens despite being in Round 2 of its presale. By Round 3, NUGX would be valued at $0.013, rising by 8.3% from its current price. When NUGX appreciates to $0.020, major token exchanges will list it.