- SUI’s late 2023 growth has continued into 2024.
- Analysts wonder if SUI will rise further as the year winds on.
- NuggetRush (NUGX) token presale has raised an 80% interest rate for round one buyers.
Sui has become one of the most popular blockchain networks following its January market increase. Analysts now wonder if SUI can maintain its bullish momentum until Q2 2024.
NuggetRush (NUGX) is attracting investors who want a simple play-to-earn experience that is highly enjoyable and rewarding. The project allows gamers to stake their NFTs for high-profit margins. Yet, can NUGX become one of the top crypto coins? Let’s hear from market analysts.
NuggetRush: 80% Increase Pushes Investors to Ethereum-based Gaming Ecosystem
NuggetRush (NUGX) is a new project quickly gaining fame in the play-to-earn industry. It is a meme coin ecosystem and a mining game where players amass rewards for completing challenging tasks. On NuggetRush (NUGX), the main tasks involve becoming an expert miner who earns gold and NFT rewards.
The gaming ecosystem caters to experts and beginner miners. Its mining challenges range from tunnel digging to selling excavated mineral resources. When mining, the efficiency of your operations will depend on the quality of your workforce and equipment. Having a higher operational efficiency leads to higher rewards on NuggetRush (NUGX).
These rewards generally include game funds, more NFT workers, and mining equipment. You might also receive gold-backed NFTs called RUSHGEMS. You can turn in RushGem NFTs for gold on the game’s marketplace.
NuggetRush (NUGX) will also ensure direct delivery of RUSHGEM rewards. Its marketplace also offers high liquidity for trading of game assets. Another lucrative income source on NuggetRush (NUGX) is NFT staking, which offers up to 20% APY.
NuggetRush (NUGX) is almost at the end of its blockchain ICO, selling nearly 170 million tokens. Its current value is $0.018, as it is in the fifth round of its presale. NUGX will rise to its listing price of $0.020 soon, which will kickstart the mining game’s launch.
Sui’s Bullishness Increases in Early February
Sui has continued its 2024 rally with a recent increase at the start of February. Altcoins performed spectacularly toward the end of December 2023. Sui’s market capitalization has grown by nearly $700 million since mid-January 2024.
SUI’s bullishness has now continued in early February. It sold at $0.8424 on January 1. SUI rose by 37.2% to $1.1561 on January 18. It fell by 31.4% to $1.5192 on January 31 before declining by 3.4% to $1.4663 on February 4.
SUI’s increase followed excitement around recent approvals of spot Bitcoin ETFs in mid-January 2024. Despite Bitcoin’s brief fall below the $40,000 mark, SUI remained bullish as investor sentiment in the project increased.
Still, some analysts say SUI could rise further if market bullishness picks up. They conclude that SUI could pump by 65.4% to $2.4255. If this happens, SUI could become one of the top altcoins.