- Ethereum Classic (ETC) has fallen sharply since early January 2024.
- Injective’s (INJ) daily attractive addresses have increased considerably.
- NuggetRush (NUGX) has sold over 170 million tokens, and its presale has reached the final stages.
Injective’s (INJ) recently published network reports showed that its daily active addresses had increased. Ethereum Classic (ETC) has also faced reduced bullishness in early February.
Now, investors say NuggetRush (NUGX) might be the option to help them recover gains while preventing losses. NuggetRush (NUGX) has sold 170 million tokens. Yet, can NUGX emerge as one of the best new ICOs? Let’s discuss.
NuggetRush: Offering the Opportunity to Support Mining Communities
NuggetRush (NUGX) is a play-to-earn gaming experience that rewards players and members of artisanal mining communities around the planet. The game offers the opportunity to join the passion for digging and excavating mineral resources. NuggetRush (NUGX) offers a feel of a day in the life of a professional miner who earns money from selling resources.
On NuggetRush (NUGX), you reach the top by assembling the most efficient mining team and equipping them with the best machinery. To do this, you will head to its high-quality NFT gaming marketplace. All the characters and machinery you need will be available for sale. You can also purchase such assets from fellow players.
Furthermore, you can upgrade your NFT characters and machinery for higher efficiency when completing tasks. In return, you get more gaming rewards. Upgraded NFT assets cost more money on the game’s marketplace, resulting in higher profits when you trade them. Finally, NFT staking benefits are on offer to all players.
NuggetRush (NUGX) is now in the last stage of its blockchain ICO, selling over 170 million tokens. Investors have watched with excitement as NUGX’s price increased by 80% since its presale started. By round five of its presale, NUGX’s price has risen to $0.018. When it rises to $0.020, the project will launch officially. NUGX is now poised to become one of the top crypto coins.
Injective Records High Network Activity
Injective’s (INJ) sharp January fall was in contrast to its rising network activity. On February 2, 2024, Injective (INJ) revealed that its total active addresses had grown to 375,000. Injective’s unique delegates count stood at 178,000, while the total number of INJ coins staked had reached 50% of its supply.
The news could spur an Injective pump. INJ crossed into 2024, trading at $39.65 on January 1. It jumped by 3.4% to $41.03 on January 15 before falling by 8.7% to $37.44 on January 29. By February 3, INJ had jumped by 11.8% to $33.02.
Injective (INJ) was upgraded on January 10, causing an increase in its network activity. Its upgrade coincided with the formal launch of spot Bitcoin ETFs. This further increased excitement around Injective (INJ). Yet, its price decline has been steep.
Analysts say this situation, thus increasing FOMO around Injective. Furthermore, it could push INJ’s price up by 13.9% to $37.64.
Ethereum Classic Wobbles in Early February
Ethereum Classic (ETC) continued its bearish momentum in February 2024. Like many altcoins, Ethereum Classic recorded a significant decrease in its market momentum. Ethereum Classic’s (ETC) woes were compounded after Bitcoin’s slight fall from the $40,000 mark.
Ethereum Classic’s ETC token traded at $22.00 on January 2. It jumped by 31.9% to $29.02 on January 12. Analysts expected this growth to continue, but ETC soon fell by 20.4% to $23.08 on January 23. However, ETC made an 8.7% recovery to $25.09 on February 3.
Ethereum Classic (ETC) could recover following its recent Spiral upgrades. Slated for January 31, the spiral upgrade would help boost Ethereum Classic’s (ETC) functionality by bringing it up to date with the latest EVM technology. This could thus push ETC’s price by 13.5% to $28.49. If ETC rises, it could be one of the most in-demand altcoins.