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Top 3 Cryptocurrency Picks for January: Exploring the Potential of the Hottest Cryptos

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TLDR

  • Avalanche has dropped as the market witnessed a price correction in early January.
  • Daily NFT trading volume on Polygon (MATIC) surpassed Ethereum on January 7.
  • NuggetRush (NUGX) is a blockchain gaming adventure with multiple rewards.

Avalanche (AVAX) is eyeing a recovery amid the current market correction. Polygon (MATIC) has also surpassed Ethereum in daily NFT trading volume for the first time.

Yet, P2E enthusiasts are more excited about NuggetRush (NUGX), a superrealistic NFT gaming journey into a world of mineral resources. The game offers gold rewards and NFT staking avenues. Yet, can NUGX outperform other new ICOs? Let’s discuss.

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NuggetRush Creates Exciting Mining Adventure for P2E Lovers

NuggetRush (NUGX) is a novel gaming experience where players become artisanal miners in a world packed with mineral deposits. The game offers the opportunity to amass valuable financial rewards for participating in its exciting mining experience. NuggetRush (NUGX) requires players to become artisanal miners and establish business operations across its landscapes. 

It features vast lands and NFT mining characters. A player’s job is to establish mining sites using the skills of its mining workers. Players need strategic thinking while building their mining workforce. Furthermore, they need investments in mining infrastructure to boost their efficiency.

NuggetRush (NUGX) shares rewards depending on a gamer’s mining efficiency. However, all players in its mining game will receive rewards at multiple points. Both beginners and experts will also receive rewards after completing mining challenges. Gamers have various ways of earning money from their mining activities. They can sell game assets or stake them for rewards on NuggetRush (NUGX).

Analysts say NuggetRush (NUGX) is a very unique project in the gaming industry. Furthermore, they conclude that it possesses the potential to rival the most popular NFT projects. NuggetRush’s (NUGX) presale has advanced to its fourth round with a token value of $0.015. By round five of its presale, NUGX will jump by 20% to $0.018.

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Avalanche Bulls Eye Recovery to $40

Several Avalanche (AVAX) holders have been disappointed by its sudden dropoff in early January 2024. Avalanche (AVAX) led other top altcoins in a stunning rally towards the end of 2023. As calls for spot ETFs increased, trading activity on Avalanche (AVAX) soared. Avalanche’s market capitalization also increased significantly.

AVAX’s December 3 price was $21.97. A few weeks later, AVAX jumped by 120.0% to $48.35 by December 25. AVAX fell by 13.4% to $41.86 on January 1. It remained bearish, falling by 13.8% to $36.08 by December 8.

Avalanche (AVAX) could recover due to the expected uptick in DeFi activity of altcoins in the crypto market. Bitcoin has already soared to the $46,000 range in anticipation of spot crypto ETFs. Analysts say the increased bullishness in the crypto market would boost DeFi activity, thus triggering an Avalanche (AVAX) rally. If things go as expected, AVAX could jump by 21.9% to $46.58.

Polygon NFT Daily Trades Surpass Ethereum For the First Time

Polygon (MATIC) has recorded an impressive milestone in NFT activity. On January 7, Polygon’s daily NFT trading volume exceeded Ethereum’s. The news comes amid the rising NFT activity in the crypto market. 

Furthermore, it follows Polygon’s (MATIC) slow performance in early 2024. Polygon’s MATIC token traded at $0.8142 on December 3. MATIC jumped by 12.0% to $0.912 by December 25. However, MATIC dropped by 7.6% to $0.8426 by January 8.

Polygon (MATIC) could recover due to its rising NFT activity. Several NFT users have complained of high gas fees on Ethereum. Yet, this is the first time Polygon’s daily NFT trade volume surpassed Ethereum. Analysts say Polygon (MATIC) could become one of the top DeFi projects if its NFT activity remains high. They also conclude that MATIC could rise by 17.8% to $0.9926.

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Disclaimer

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