TLDR
- Blur accounted for 80% of NFT trading volume in December 2023.
- ORDI fell below $70 as the market witnessed a price correction.
- NuggetRush’s (NUGX) blockchain gaming rewards could make it one of the most sought-after networks in the play-to-earn sector.
Blur could rise to $0.70 amid increased NFT trading volume on its marketplace. ORDI has fallen slightly despite the high demand for inscriptions.
Still, NuggetRush’s offering of gold, NFTs, and community participation is swaying market sentiment in its favor. NUGX has jumped by 80% since its presale launch. Yet, can NUGX outperform top crypto coins like BLUR and ORDI? Join us as we discuss.
NuggetRush Combines Blockchain Gaming with Gold Prizes
NuggetRush (NUGX) is one of the latest P2E adventures to hit the NFT gaming industry. The project is about becoming a miner in a virtual world with mineral resources. Membership in NuggetRush (NUGX) allows you to build a mega mining operation where you earn value from selling mined natural resources.
NuggetRush (NUGX) is a geological blockchain adventure where gamers participate in many activities akin to real-world mining. It takes its gameplay further by allowing competitions between gamers on its landscape. Players can also form larger teams and participate in group challenges. As a player on NuggetRush, you can earn NFTs and the opportunity to win gold.
The project has set a goal of reaching $100 million in market capitalization. However, NuggetRush (NUGX) has multiple real-world utilities to help achieve its market growth ambition. Furthermore, its NFT staking benefits will attract more users as its 20% APY is among the highest in the crypto market.
NuggetRush (NUGX) is now becoming one of the most attractive projects in the gaming industry. Its mega-successful blockchain ICO has sold 162 million tokens. NUGX remains in high demand after its 80% market jump. Its current value is $0.018. Soon, NUGX will jump to $0.020, its exchange listing price.
Blur Jumps to $0.60 After Dominating NFT Market Volume in December 2023
Data from The Block showed that Blur held 80% of NFT trading volume at the end of 2023. Ethereum NFT volume on Blur rose to $605 million in December, growing by nearly 100% since the previous month.
Blur’s domination of NFT trading volumes came amid fierce competition from the OKX exchange. Furthermore, it preceded Blur’s rally in early 2024. BLUR sold at $0.4626 on December 31. It jumped by 18.5% to $0.5483 by January 14. BLUR then soared by 21.3% to $0.6680 as of January 19.
NFT activity on Blur could jump again due to growing interest in the market. Since the approval of spot Bitcoin ETFs, analysts have predicted a rebound in the NFT industry. They say network activity on Blur will increase significantly in Q2 2024. This could push BLUR up by 17.2% to $0.7834.
ORDI Falls Below $70 As Demand for Inscriptions Remain High
Ordi’s bullishness has fallen by the third week of January, although user interest in Ordinal inscriptions remains high. Following its listing on Coinbase in late 2023, Ordi soared, becoming one of the most popular altcoins. Its market capitalization climbed from $409 million in late November to $1.34 billion by January 21.
ORDI cost $20.59 on November 30. By January 2, ORDI had jumped by 304.5% to $83.29. It then dropped by 14.9% to $70.83 on January 14. Ordi declined further by 6.3% to $66.33 by January 21.
Ordi’s decline followed Bitcoin’s slip below $46,000. Despite widespread excitement around spot Bitcoin ETFs, Bitcoin fell amid expectations that it would reach $50,000. Still, ORDI could jump further as interest in Ordinals remains high.
Avalanche Inscriptions have surpassed 100 million since their launch in 2023. Analysts expect similar growth for Ordinals, pushing ORDI up by 22.7% to $81.43. Furthermore, they expect it to become one of the best cryptocurrency investments.
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Keywords: blockchain ICO, top crypto coins, best cryptocurrency, NFT gaming, altcoins, blockchain
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