TLDR
- Polkadot’s (DOT) bullishness has continued into 2024 amid its high network activity.
- Analysts predict a higher demand for Cosmos (ATOM) after its recent DeFi hub.
- NuggetRush (NUGX) could become a trendsetter in the play-to-earn industry after it unveiled high-value NFT rewards.
Polkadot’s (DOT) network activity has remained high since December despite its recent price correction. Cosmos (ATOM) could recover following excitement around its DeFi hub.
Still, NuggetRush’s (NUGX) 50% presale growth makes it one of the most in-demand blockchain networks. The project comprises a meme coin ecosystem and an adventurous P2E mining game. Yet, can NUGX outperform DOT and ATOM? Let’s discuss.
NuggetRush Could Dominate Play-to-Earn Industry in 2024
Play-to-earn NFT gaming adventures could become more popular with the upcoming launch of NuggetRush (NUGX). The project comprises a meme coin ecosystem that celebrates the love for artisanal mining through an adventurous P2E rush for gold.
NuggetRush (NUGX) features multiple challenges and tasks where players compete for mineral rewards by setting up mining operations. The game’s landscape is filled with mineral-rich sites and expert NFT miners with years of professional experience.
Part of the gaming experience involves assembling a team of expert mining workers and purchasing efficient machinery. After gathering mining resources, players can establish resource-digging sites.
Players will also collect mined resources and swap them for cash on NuggetRush’s (NUGX) marketplace. They also receive rewards for the successful completion of mining challenges. These rewards include mining equipment, workers, in-game funds, and NFT staking opportunities.
NuggetRush’s mining game will launch soon as the NUGX token nears its listing price of $0.020. Since NuggetRush’s (NUGX) blockchain ICO went live, the project has sold over 132 million tokens. NUGX now costs $0.015 by round four of its presale. It will grow by 20% to $0.018. NUGX will also list soon, kicking off the NFT gaming adventure.
Polkadot’s Network Activity Soared in December 2023
Data from The Block revealed a significant increase in Polkadot’s (DOT) network activity in the final month of 2023. The report showed that Polkadot’s daily new addresses soared to 7,120 on Christmas day, reaching a 12-month high. Daily new addresses on Polkadot had also grown by 258% from December 1 to December 26.
Growing network activity on Polkadot also coincided with DOT’s recent increase. DOT’s value as of December 1 stood at $5.4750. By December 25, DOT had soared by 68.5% to $9.2287. DOT lost some bullish momentum, declining by 8.8% to $8.4127 by January 2.
Polkadot’s (DOT) growth could increase due to the bullishness caused by the expectation of spot crypto ETFs. Top altcoins like Polkadot have recorded skyrocketing demand as investors expect a major bull run. If the market bullishness remains, DOT could jump by 34.4% to $11.3132.
Cosmos To Rally Amid Excitement of DeFi Hub
Plans to expand the Cosmos (ATOM) ecosystem have received a big boost from a recent partnership between Osmosis and Umee. The partnership would merge both networks by implementing Umee’s chain code onto the Osmosis chain. This would lead to the creation of a Cosmos DeFi hub.
The announcement came amid Cosmos’s (ATOM) late December increase. ATOM traded at $9.7460 on December 4 after announcing its upcoming DeFi hub. By December 16, ATOM had jumped by 23.6% to $12.05. ATOM then corrected by 7.0% to $11.20 by January 1.
Cosmos (ATOM) could rise further due to growing activity on its IBC bridge. Already, the IBC connects 46 blockchains with a total value of $13 billion. Analysts expect this figure to grow in 2024, especially after Cosmos released its 2024 roadmap on December 13.
An increase in network activity could push ATOM up by 15.8% to $12.98. Still, analysts say Cosmos (ATOM) might not be a good crypto to buy now due to its slow growth in late December.
