- Demand for Ordinal Inscriptions rises sharply.
- Ordi holders also eye a recovery following its recent drop.
- NuggetRush (NUGX) has sold 162 million tokens as its popularity rises.
Ordi could recover from its recent decline following the rise in demand for Ordinal inscriptions. NuggetRush (NUGX) is also becoming a favorite among play-to-earn enthusiasts after unveiling valuable NFT staking rewards.
Its token value has been up by 80% since the launch of its blockchain ICO. Yet, can NUGX match ORDI’s recent growth? Let’s find out what analysts think.
ORDI Could Jump to $80 Amid Growing Demand for Inscriptions
Demand for Ordinal Inscriptions has soared impressively since mid-2023. Ordinals on Litecoin have soared to over 19 million. It has also soared on Dogecoin. The rise in demand for Ordinals coincides with Ordi’s market increase.
Since its Coinbase listing in late 2023, Ordi’s market capitalization soared to $1.12 billion, becoming one of the best altcoins. ORDI traded at $78.08 on January 1. It fell by 12.2% to $68.50 on January 12. ORDI then recovered by 5.3% to $72.14 on January 17. However, it fell by 13.2% to $62.61 by January 22.
Analysts say Ordi’s growth will continue due to an expected increase in demand for Ordinals. Furthermore, they say a rise in NFT activity will push ORDI to new heights. They conclude that ORDI could rise by 31.4% to $82.31 in late Q1 2024. Furthermore, analysts say Ordi will emerge as one of the top crypto coins.
NuggetRush 80% Increase Signals Growing Interest in Play-to-Earn Gaming
NuggetRush (NUGX) is another NFT gaming adventure quickly making its name in the crypto industry. The project offers an easy way to win gold by turning players into artisanal miners in its mining adventure game. NuggetRush (NUGX) packs multiple mining workers into a blockchain gaming environment.
You are tasked with becoming a successful miner by recruiting workers and establishing a viable operation. You choose from seasoned miners like Maxwell StoneForge to metallurgists who process mineral resources and extract valuable metals like gold. Careful selection of a mining workforce is one of the main challenges on NuggetRush (NUGX).
The size and efficiency of your mining team will affect how many rewards you get after completing challenges. Thankfully, you can upgrade your workers and equipment for a mining efficiency boost. You can also complete tasks as part of a mining group, thus earning efficiency boosts.
NuggetRush (NUGX) entered round five of its presale after jumping by 80% from its initial value. The coin now sells at $0.018.
Furthermore, NuggetRush (NUGX) has sold 162 million tokens since its presale launch. NUGX will still jump by another 11.1% to $0.020. Gamers are also looking forward to the launch of NuggetRush’s (NUGX) mining game. When the game goes live, it could become one of the top DeFi projects!
