- Stacks has announced a 5 second transaction processing time limit.
- Wrapped Bitcoin (WBTC) has risen in response to excitement around spot BTC ETFs.
- NuggetRush (NUGX) is surging, rapidly gaining fame for its innovative play-to-earn approach.
Stacks has just announced faster transaction processing. Analysts say this could be the kick needed to push STX as it has already started rising. Likewise, Wrapped Bitcoin is mirroring the performance of Bitcoin which is generating excitement around Spot ETFs.
However, NuggetRush (NUGX) seems poised to become a challenger to both tokens. NUGX already offers a 100% increase. However, can that make it a top ICO? Let’s see what analysts say on Stacks, Wrapped Bitcoin, and NuggetRush.
Stacks (STX) Announces 5-second Transaction Time
Popular Bitcoin layer-2 network, Stacks (STX) has announced changes to improve network quality. Stacks (STX) announced a 5-second transaction completion on its network. Stacks also announced that Bitcoin Finality is now securing its L2 smart contracts.
Finally, the Stacks (STX) ecosystem has added BTC following the sBTCand Nakamoto release.
Stacks upgrades could be behind the recent rally of its STX tokens. STX was trading at $0.511 on October 1, following a bearish September. Yet, STX had risen by 43.6% to $0.734 on October 23 following the announcement of Stacks’ latest upgrades.
Stacks’ (STX) upgrades come as many Bitcoin forks and layer-2 networks are benefitting from a recent jump in the BTC value. Analysts say Stacks’s latest upgrades could boost its network adoption. This could push the STX value up by 7.4% to $0.789. If STX rises further, it could become one of the top crypto coins.
Wrapped Bitcoin (WBTC) Jumps As Excitement Around BTC Spot ETFs Builds
Wrapped Bitcoin (WBTC) has grown sharply as the market fills with excitement over possible approvals of Bitcoin Spot ETFs. Wrapped Bitcoin (WBTC) has always mirrored the performance of Bitcoin with only a slight price difference. And this time was no exception.
The market’s excitement rose in anticipation that Spot Bitcoin ETFs could be approved before 2023 runs out – this increased demand for Wrapped Bitcoin (WBTC). Furthermore, the trading volume of Wrapped Bitcoin (WBTC) has also risen sharply.
WBTC was trading at $27,946 on October 1. Yet, Wrapped Bitcoin’s (WBTC) trading activity also mirrored that of Bitcoin. This caused WBTC to jump by 21.2% to $33,881 on October 24.
Wrapped Bitcoin’s investor sentiment has turned bullish in the past few days, causing analysts to speculate over a possible rally. However, analysts agree that if Wrapped Bitcoin’s trading volume remains high, WBTC could rise by 7.5% to $36,450.
Investors Excited over NuggetRush’s (NUGX) Gaming Ecosystem
NuggetRush (NUGX) is one of the latest additions to the landscape of play-to-earn gaming. The game stands out for offering a different experience to what’s commonly available. NuggetRush is the perfect way to test a player’s ability to manage resources and make critical decisions while building a mining operation.
NuggetRush (NUGX) takes a community-based approach, so collaboration between players is encouraged. Furthermore, it offers multiple opportunities to earn rewards. For instance, the game rewards players for completing mining quests and operations.
As they progress, they receive better machinery and character NFTs. This machinery increases the efficiency of their mining operations. Likewise, the character NFTs improve their earning potential and their mining abilities.
Players can trade NuggetRush’s (NUGX) machinery and character NFTs for money on its marketplace. Furthermore, they can trade RUSHGEM NFTs for real-world gold. Even better, NuggetRush will arrange delivery of the rewards from RUSHGEM NFTs to a user’s preferred location.
Finally, NuggetRush (NUGX) allows players to stake their NFTs, thus allowing them to earn income for holding their in-game assets. The benefits of NuggetRush (NUGX) will soon be available to the public as the project is yet to launch. Its blockchain ICO just entered Stage 1 of its presale, costing $ 0.010.
By Stage 2, NUGX will trade at $0.012, growing by 20%. Moreover, NUGX will have risen by 100% from its current price to $0.020 when the game launches.
