TLDR
- Tezos (XTZ) has unveiled plans to boost its DeFi services.
- Algorand (ALGO) will support the efforts of developers with its new accelerator program.
- NuggetRush’s (NUGX) 80% growth is boosting demand for its gaming services as its official launch approaches.
Tezos (XTZ) will scale its DeFi services following the launch of TezFin. Algorand (ALGO) has also unveiled a new accelerator program via a partnership with Blockchain Founders Group.
Still, NuggetRush (NUGX) is a gaming experience that has stunned investors with its reward offers and the opportunity to stake NFTs. Its services make it a contender for top crypto coins in the gaming industry. Yet, can it outperform top altcoins like XTZ and ALGO? Let’s discuss.
NuggetRush: Earning Financial Fortunes for 3D Mining Adventures
NuggetRush (NUGX) is a pioneer mining game native to the Ethereum blockchain. It contains many opportunities to gather rewards from completing mining challenges on its play-to-earn adventure game. The project was built to allow people all over the world to enjoy the challenges that come with artisanal mining.
NuggetRush (NUGX) is at the center of a meme coin ecosystem merged with innovative gaming technology. Its adventures include digging shafts and setting up tunnels. You will use its NFT characters to explore mineral-rich areas. Furthermore, these NFT characters will also aid in the processing and selling of mineral resources.
There are straightforward ways to earn money from NuggetRush (NUGX). Aside from trading, investors can stake their NFT assets, earning a fixed APY, depending on their lockup duration. Rewards for NFT staking on NuggetRush goes as high as 20% APY. Finally, the game offers the opportunity to collect gold via RushGem NFTs.
NuggetRush is in the fifth round of its presale, stunning investors with its 170 million NUGX token sale count. NUGX’s value has also increased by 80% from its round-one price of $0.010. Now trading at $0.018, NUGX is getting ready for an 11.1% increase to its project launch price of $0.020.
Experts say NUGX could pump significantly when its mining game goes live. The HODL sentiment around NuggetRush (NUGX) is skyrocketing as investors expect a token price leap after the mining game’s launch.
Tezos Eyes DeFi Expansion with Launch of TezFin
On January 12, 2024, Tezos (XTZ) announced the full production launch of Tezfin, the network’s DeFi lending protocol. Tezfin will start off with 3 lending pools. Furthermore, users can earn interest based on a floating rate determined by supply and demand. The announcement increased excitement within Tezos’ (XTZ) community.
However, Tezos still struggles to maintain the $1.00 price range. XTZ traded at $1.1018 on January 1. It fell by 19.2% to $0.8894 on January 9. XTZ recovered by 14.6% to $1.0197 on January 21 before falling by 5.9% to $0.9587 by February 4.
Tezos (XTZ) is aiming to increase DeFi activity on its network. Tezfin will also add more lending pools to the initial three at its launch. Furthermore, Tezos’ (XTZ) floating interest rate concept is becoming more popular in the asset lending industry. This could boost demand for Tezos’s financial services, pushing XTZ up by 39.6% to $1.3388, further making it one of the top DeFi projects.
Algorand Announces New Accelerator Program
Algorand (ALGO) network activity could rise following the launch of its Accelerator program in partnership with Blockchain Founders Group. The accelerator program will provide funding of up to €120,000 for selected teams of developers. In return, Algorand (ALGO) will get 3-10% equity.
The accelerator program could help overturn Algorand’s bearish slide. ALGO traded at $0.2390 on January 1. It jumped by 21.3% to $0.1883 on January 15. ALGO fell by 15.4%, reaching $0.1589 on February 4.
Another factor that can contribute to Algorand’s (ALGO) recovery is excitement around its Dynamic Lambda upgrade.
Algorand’s block creation times have been reduced by 20%. Average block times on Algorand now average less than three seconds. This could boost network activity on Algorand, thus pushing ALGO up by 32.7% to $0.2109. Some analysts say ALGO is still a great investment choice among altcoins.
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