TLDR
- TonCoin (TON) falls further into the red zone, continuing its 2024 decline.
- Shiba Inu (SHIB) holders are also hopeful of a token value increase.
- NuggetRush (NUGX) has shown immense market value despite being in round five of its presale.
TonCoin’s 2024 decline worsened at the tail end of January. Shiba Inu’s (SHIB) whale activity is rising despite the recent downturn in the meme coin sector.
All eyes are now shifting to the play-to-earn industry as NuggetRush (NUGX) is taking an innovative approach to blockchain gaming. It offers a one-of-a-kind opportunity to mine rewards from a virtual ecosystem. Yet, how does NUGX stand among top crypto coins? Let’s discuss.
NuggetRush: 80% Increase Causes Skyrocketing FOMO for Mining Project
NuggetRush (NUGX) is leveraging gaming technology to provide a mining adventure filled with gold rewards and natural resources. The game leverages the Ethereum network, providing access to as many crypto users as possible. NuggetRush has unveiled various dynamics of its play-to-earn game that make it stand out among top DeFi networks in the gaming industry.
Firstly, NuggetRush (NUGX) has a captivating gameplay that boils down to building and running mining operations. This seems pretty straightforward. However, the more complex parts include finding the right machinery and workers for your mining business. Having better players and improved machinery translates to more efficient mining and higher rewards.
Another feature of NuggetRush (NUGX) is the freedom to join collaborations. Many play-to-earn games are yet to offer the opportunity to compete and collaborate with players. NuggetRush players who join mining groups are eligible for higher rewards. Joining mining groups is also a great way for beginners to move up the game by leveraging the experience of other gamers.
NuggetRush is in round five of its presale. Its blockchain ICO kicked off with one NUGX token trading at $0.010. After selling 179 million tokens, NUGX now trades at $0.018. It will get listed after jumping to $0.020, another 11.1% increase for round five buyers of the NUGX token.
TonCoin Drops Further in February
TonCoin (TON) has recorded a sharp price decline in February. It crossed into $2024 on a bull run at the back of market-wide bullishness. However, TonCoin has failed to maintain its bullish momentum. Data from CoinMarketCap has shown that TonCoin’s (TON) market capitalization has fallen by $1 billion since January 17.
TON traded at $2.3368 on January 1. It rose by 3.2% to $2.4134 on January 16. TON fell by12.4% to $2.1137 on January 29. Its decline continued, and TON fell by 1.6% to $2.0780 on February 10.
TonCoin (TON) had capitalized on excitement around spot Bitcoin ETFs. Several altcoins had recorded increased trading activity. TonCoin followed amid the increased bullishness. Analysts say TonCoin’s recent decline has cast doubts about whether TON could reach its all-time high (ATH) again. If TonCoin’s (TON) market prospects remain the same, it could fall by 10.5% to $1.8585.
Shiba Inu Records Surge in Large-holder Inflow
Shiba Inu’s (SHIB) whale activity has risen sharply in the second week of February. Reports from IntoTheBlock show that large holder inflows from Shiba Inu grew from 275.2 billion on February 7 to 2.31 trillion on February 9. The reports indicated growing whale activity on Shiba Inu (SHIB).
Furthermore, excitement around the news could spur a Shiba Inu (SHIB) rally. SHIB traded at $0.00000956 on January 15. It fell by 6.4% to $0.000008946 on January 31. SHIB fell further by 0.3% to $0.000008864 on February 6 before recovering by 6.2% to $0.000009417 on February 10.
Shiba Inu (SHIB) holders expect a boost in its performance. They cite an expected increase in meme coin activity. Furthermore, they believe Shiba Inu will draw users from Solana meme coins like BONK. However, other investors say Shiba Inu (SHIB) will face increased competition from Dogecoin. Yet, they conclude that SHIB could rise by 5.9% to $0.000009982.
