● Optimism (OP) could jump following excitement around recently approved spot Bitcoin ETFs. ● Ethereum Classic’s Spiral upgrades could trigger its rally to $40. ● NuggetRush’s (NUGX) NFT staking could make it a top challenger in the play-to-earn sector.
Optimism (OP) holders expect a rally after the SEC approved spot Bitcoin ETFs on January 10. Ethereum Classic (ETC) will get its long-awaited upgrade at the end of January 2024.
Still,NuggetRush’s (NUGX)presale growth has generated more excitement. The project features an NFT gaming adventure where players can win gold and stake NFTs. Yet, can NuggetRush (NUGX) join the top DeFi projects of 2024? Let’s discuss.
NuggetRush: Sense of Adventure Meets NFT and Gold Rewards
NuggetRush (NUGX) is where you can fulfill your wealth-building ambitions while supporting communities of artisanal miners around the globe. The project features a mining game and a meme coin ecosystem. NuggetRush’s blockchain adventures is dedicated to lovers of artisanal mining and play-to-earn enthusiasts with high-reward appetites.
On NuggetRush (NUGX), the main challenge is building a mega mining enterprise. Players will get a chance to establish multiple mining operations across the game’s landscape.
They will get help from NFT mining characters and entrepreneurs. Players will need a mining team responsible for operations like digging of shafts and selling excavated mineral resources.
The more efficient your team is, the higher your reward-earning potential. NuggetRush(NUGX) will give out some mining workers and machinery at the start of the game. The rest will come as prizes for completing mining challenges.
Players can also purchase such assets from the game’s high-quality marketplace. Aside from making money from selling game assets, you can also stake NFTs. NuggetRush (NUGX)gives up to 20% APY to gamers who stake their NFT assets.
NuggetRush (NUGX) is an opportunity that many investors have jumped on. Its presale started with a value of $0.010. By round four, NuggetRush has sold 156 million tokens. NUGX’s value has also jumped by 50% to $0.015. The next round will bring a 20% increase to $0.018. NUGX’s current trajectory will make it one of the best cryptocurrency investments.
Optimism Could Rally Amid Excitement Around Spot Bitcoin ETFs
On January 10, 2024, the Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs. The move came after months of bullishness triggered by increased calls for such products by crypto investors.
Optimism (OP), like many altcoins, increased in the past two months. Data from CoinMarketCap showed that Optimism’s (OP) market capitalization increased by $1.3 billion since mid-December.
Optimism’s OP token sold at $1.7126 on December 6. By January 1, OP had increased by 132.9% to $3.9887. However, its momentum dropped, and OP fell by 12.8% to $3.4781 by January 14.
Yet, analysts say Optimism could rise following the SEC’s recent approval of spot Bitcoin ETFs. Furthermore, they expect Optimism’s network activity to rise following a major upgrade on January 11.
Several community members say the upgrades would boost transaction speeds on Optimism (OP) while lowering gas fees. Analysts say excitement around the upgrades would contribute to Optimism’s expected growth. This could increase OP’s value by 29.5% to $4.5069.
Ethereum Classic Holders say Spiral Upgrade would Push ETC to $40
Ethereum Classic’s (ETC) community is getting more excited as its scheduled Spiral upgrade approaches. Scheduled for January 31, 2024, the Spiral upgrade would bring improved smart contract functionalities to Ethereum Classic. Furthermore, it would streamline Ethereum Classic (ETC) with the Shanghai upgrades on Ethereum.
It could also boost Ethereum Classic’s current rally. ETC traded at $18.97 on December 1. A month later, ETC jumped by 15.9% to $22.00 by January 2. ETC then grew by 20.2% to $26.45 by January 14.
Ethereum Classic (ETC) has long faced criticism for slow network development. Such criticism reduced Ethereum Classic’s market performance in late 2023 despite the widespread bullishness.
Now, analysts expect a boost in DeFi services on Ethereum Classic. This could push ETC’s value up by 56.7% to $41.45 by Q2 2024. Ethereum Classic could also become one of the top crypto coins if its upgrades trigger a major rally.
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