NuggetRush Gains Traction Among Stellar (XLM) and Blur Communities Amidst Market Fluctuations

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TLDR

• Stellar has rescheduled its protocol 20 upgrades.
• Blur has remained firm in the face of declining NFT trade volumes in January.
• NuggetRush (NUGX) could become a major blue-chip project in play-to-earn gaming.

Stellar’s (XLM) community is disappointed over its decision to postpone its protocol 20 upgrades. Blur is also facing reduced NFT trading volume.

All eyes are now on NuggetRush (NUGX) as it continues to soar after selling 168 million tokens in its presale. Its coin value now stands at $0.018 after a spectacular 80% increase. Yet, can NUGX join the top crypto coins of 2024? Let’s hear from NUGX supporters.

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NuggetRush: Earning Money from Gaming Activities Made Easy

The coming of NuggetRush marks a new milestone in the NFT gaming industry with the first-ever blockchain mineral mining game. The game’s launch comes when interest and investments in the P2E blockchain gaming industry are at an all-time high. 

With NUGX’s mega performance by round five of its presale, investors and analysts expect NuggetRush to become one of the top DeFi projects. 

A player begins NuggetRush’s (NUGX) mineral mining adventure with a few NFT characters (miners) and machinery. Players are tasked with assembling efficient workers and equipment to increase their mining efficiency for increased rewards. On their journey, players will find themselves utilizing real-world mining skills alongside decision-making and management skills.

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The gameplay gets more exciting as NuggetRush enables collaborations on mining quests, allowing for increased efficiency and group rewards. Players can take these rewards to the NuggetRush P2P NFT marketplace and trade them for real cash. Investment-minded players may stake their NFTs for up to 20% APY rewards.

NuggetRush (NUGX) is in the fifth round of its presale, with over 168 million tokens acquired by early investors. Since round one, NUGX’s price has jumped by 80%, going from $0.010 to $0.018. However, careful investors can still buy NUGX, as the token price will hit $0.020, increasing by 11.1%. NUGX’s blockchain ICO will offer a 100% increase to its earliest buyers.

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Stellar Set to Delay Network Upgrades

Stellar Foundation has announced a delay of its long-anticipated network upgrades. The foundation had scheduled Stellar’s Protocol 20 upgrade on January 30. However, the upgrades were moved following the discovery of a bug in Stellar Core v20.0.1.0. 

The announcement could worsen Stellar’s (XLM) market prospects. XLM traded at $0.129 on December 31 after the market-wide bullishness. By January 18, XLM fell by 11.4% to $0.1142. Following the announcement of the postponed network upgrades, XLM fell by 1.3% to $0.1127 on January 30.

Market analysts say Stellar (XLM) holders have nothing to fear as the network is working to announce a new date after fixing the bug issue. Furthermore, they expect DeFi activity to rise on Stellar (XLM) following the launch of its protocol 20 upgrades. This could push XLM’s value up by 21.2% to $0.1367. Still, analysts say other altcoins might be better investment alternatives than XLM.

Blur Maintains $0.60 Range Amid Fall in NFT Sales Volumes

The NFT market recorded a significant decrease in weekly sales from January 21 – January 28. Trading activity on networks like Blur declined following the reduction in NFT trading volume. The news caused massive disappointment within the NFT community amid BLUR’s struggles to hold the $0.70 mark.

BLUR traded at $0.4898 on January 1. It jumped by 44.6% to $0.7086 on January 16. BLUR then fell by 16.0% to $0.5951 on January 25 before recovering by 6.4% to $0.6333 by January 30. 

Analysts fear that Blur could fall further if NFT trading volumes keep declining. Since the first week of 2024, NFT trading volumes have reduced consistently. Some analysts have pinned Blur’s fall from the $0.70 mark on reduced NFT activity. These analysts conclude that BLUR will fall by 8.5% to $0.5790 if things stay the same. Analysts now conclude that BLUR is a bad blockchain investment in January 2024.

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