TLDR
-
Litecoin’s (LTC) network activity has risen due to the declining patronage of its main rival, XRP.
-
Crypto users are intensifying their calls for Ethereum (ETH) spot ETFs.
-
NuggetRush’s (NUGX) fame has grown considerably after its presale growth of 30%.
Litecoin’s (LTC) network activity has grown due to the reduced network activity of XRP, one of its fiercest rivals. Ethereum’s (ETH) network activity has also soared following calls for Spot crypto ETFs.
Yet, analysts say NuggetRush (NUGX) could be a better investment after its presale has risen by 30%. NuggetRush (NUGX) is a meme coin adventure with spectacular gameplay and excellent rewards.
Yet, can it become one of the best DeFi projects? Let’s hear what NUGX’s supporters say.
Litecoin Rises Amid XRP’s Continued Lawsuit
Litecoin’s (LTC) network activity has risen sharply since mid-October, partly due to reduced network activity on XRP due to its ongoing legal battles. Data from CoinMarketCap also showed that Litecoin’s market capitalization has grown by $800 million since mid-October.
As expected, Litecoins’ rising network activity comes amid LTC’s recent volatile performance. LTC was trading at $69.94 on November 1. By November 15, LTC had grown by 5.9% to $74.08. However, LTC’s price fell by 6.2% to $69.45 by November 30.
XRP’s recent legal troubles looks to have pushed many users to Litecoin (LTC). This has resulted in record-breaking transaction count levels for Litecoin in 2023. Analysts expect this trend to continue as XRP’s lawsuit will continue well into 2024. Furthermore, analysts say Litecoin’s trading activity will keep rising, thus pushing LTC up by 12.2% to $77.98.
NuggetRush Turns Heads with 30% Presale Growth
NuggetRush (NUGX) is a mining game that offers a challenging and fun-filled experience while offering players high rewards and the opportunity to win gold. The project features a mineral-filled ecosystem where players must become successful mining entrepreneurs by leveraging the skills of artisanal miners.
At the start of NuggetRush (NUGX), players get a few artisanal mining characters. Players also receive mining machinery. NuggetRush will then give players several tasks along the way, ranging from mundane activities to high-level activities. Players will get to dig shafts, set up tunnels, and use other soil sampling techniques.
Players will also locate mineral-rich terrains and excavate mineral resources before receiving rewards. With each completed mining task, players will get a boost in mining efficiency.
NuggetRush (NUGX) will also reward players with more NFTs, improved equipment, and currency that’s only usable in the game. These NFTs can be traded on NuggetRush’s marketplace. Players can also stake their NFTs, thus earning rewards without selling their in-game collectibles.
NuggetRush’s blockchain ICO just entered round three of its presale after jumping by 8.3% from its round two price of $0.012. NUGX’s current value is $0.013. However, its price has risen by an overall 30% since the start of its presale.
Furthermore, round four of NUGX’s presale will bring a 15.3% price increase to $0.018. NUGX’s value is programmed to rise until it gets to its listing price of $0.020.
Ethereum Could Jump Due to Growing Calls for Spot ETFs
On November 16, 2023, BlackRock officially filed for a spot Ethereum (ETH) ETF. The move follows several applications for Spot Bitcoin ETFs. Furthermore, BlackRock’s Ethereum ETF application comes amid market bullishness caused by growing calls for Spot ETFs.
ETH was trading at $1,847 on November 1. Following BlackRock’s application for Spot Ethereum ETFs on November 16, ETH rose by 6.1% to $1,960. ETH remained bullish, rising by 4.6% to $2,052 on November 30.
There is widespread demand for spot Crypto ETFs. Analysts say approving spot ETFs for Ethereum (ETH) and Bitcoin would boost institutional adoption.
Furthermore, they believe it will bring greater scrutiny to crypto trading, further increasing transparency and growth of the ecosystem. This could boost Ethereum’s trading activity significantly, thus pushing ETH up by 15.3% to $2,367. Furthermore, it could make Ethereum (ETH) one of the top DeFi projects.
Visit NuggetRush Presale Website
The post Litecoin (LTC) and Ethereum (ETH) Gain Momentum: NuggetRush’s Unique Position on the Market appeared first on CoinJournal.
