TLDR
- Network activity on Litecoin (LTC) pushes its mining difficulty to a record high.
- LTC could return to the $70 region amid Litecoin’s high network activity.
- NuggetRush’s (NUGX) gaming adventures will set new trends in the crypto industry after unveiling gold rewards and NFT staking opportunities.
Litecoin records increased mining difficulty amid LTC’s exit from the $70.00 region. Now, analysts wonder if increased network activity will trigger an LTC recovery.
NuggetRush (NUGX) is also gaining fame after it unveiled NFT staking opportunities and gold rewards. Yet, will these make NUGX one of the top crypto coins? Let’s hear from market experts.
NuggetRush: Melding Gaming and Finance to Create a Superior Play-to-Earn Experience
NuggetRush (NUGX) offers a superior play-to-earn experience where gamers win gold and NFT rewards for participating in mining challenges. The game features multiple landscapes covered in resources like gold. It allows players to mine and earn such rewards for themselves.
However, gamers must compete in challenging mining expeditions. On NuggetRush (NUGX), players will compete against one another while trying to build the largest mining operation. The game is littered with NFT characters who assist players on their mining journey. Gamers must then recruit NFT workers, striving to build the most efficient mining team.
NuggetRush (NUGX) offers multiple avenues to earn wealth. Players sell mined resources on its marketplace, earning cash and NFT gaming rewards. These game collectibles can be swapped for real money. Furthermore, gamers can stake their NFT assets for a fixed period. NFT staking on NuggetRush (NUGX) offers up to 20% APY, depending on the lockup duration.
Token sale count in NuggetRush’s (NUGX) blockchain ICO has now crossed 160 million. Analysts say it shows signs of becoming one of the most popular NFT projects. NUGX token sale revenue has also crossed $1.8 million. Yet, the project is in round five of its presale and going strong.
Mining Difficulty on Litecoin Reaches All-time High
Network activity on Litecoin has grown to unprecedented highs. On January 16, Litecoin revealed that its mining difficulty has soared to 31.68 million. Litecoin’s hash rate had also reached 941.1 TH/s.
News of Litecoin’s increased network activity coincided with LTC’s recent fall from the $70 range. LTC traded at $71.54 on December 1. It jumped by 7.2% to $76.72 by December 28. Over two weeks later, LTC’s bullish momentum fell and it dropped by 9.5% to $69.39 by January 17.
Litecoin’s (LTC) network growth coincided with reduced blockchain activity on XRP, a major rival in the payment space. Analysts say Litecoin’s (LTC) growth will continue due to increased bullishness after the approval of spot Bitcoin ETFs. If Litecoin’s network activity rises further, LTC could jump by 15.7% to $80.35. LTC’s expected rise could make it one of the most popular altcoins.
