TLDR
- Axie Infinity (AXS) is gearing up for increased network activity in February 2024.
- Decentraland (MANA) records significant stagnation in early January.
- NuggetRush (NUGX) is now becoming a haven for crypto investors.
Axie Infinity (AXS) has completed a round of maintenance fixes amid high network activity. Elsewhere, Decentraland’s (MANA) market performance slowed in January 2024.
Now, analysts say NuggetRush (NUGX) is a good option for individuals looking to recoup their losses from Axie Infinity and Decentraland. NUGX has raised over $2 million in its presale. Yet, can NUGX become one of the top DeFi projects? Join the discussion.
NuggetRush: Matching Play-to-Earn Fantasies to Real World Gaming
NuggetRush (NUGX) is the kind of blockchain project that play-to-earn admirers have long dreamed of. It features an exciting NFT gaming adventure where the potential of building wealth depends on the player’s ambition.
NuggetRush (NUGX) introduces a virtual 3D world where gamers complete easy and challenging mining tasks while enjoying opportunities to collect financial rewards. It packages the mining experience in a new and refreshing way, thus ensuring a very enjoyable experience.
NuggetRush’s (NUGX) adventure will involve tasks like soil survey and shaft digging. It will also gradually become more complex, involving activities like collecting mining workers and purchasing machinery. As you collect mineral resources, you can refine them into a usable product, thus earning more money for your gaming activity.
NuggetRush is now in the closing stages of a popular blockchain ICO that has sold over 167 million NUGX tokens. NUGX has returned 80% interest to its earliest buyers following its price growth to $0.018. It is now in round five of its presale. NUGX’s price will grow by another 11.1%, rising to its listing price of $0.020.
Axie Infinity Completes Bug Fixes Amid Growing Network Activity
Axie Infinity (AXS) has completed bug fixes and scheduled maintenance to keep the network running at full efficiency. On January 25, 2024, Axie Infinity (AXS) completed improvements and bug fixes to its Mavis NFT marketplace. A few days later, Axie Infinity (AXS) completed network maintenance on Homeland, fixing bug issues that caused significant network delays.
The news comes amid Axie Infinity’s market downturn. AXS sold at $9.2406 on January 1. It fell by 19.1% to $7.4737 on January 9. AXS jumped by 7.9% to $8.0713 by January 17. However, it fell by 9.7% to $7.2852 on January 28.
Axie Infinity (AXS) could fall further due to growing competition in the play-to-earn space. It is also fighting for user count among big players like The Sandbox. Furthermore, many new and exciting play-to-earn projects are being launched.
Some analysts believe AXS will succumb to increased market competition, falling by 14.7% to $6.2086. Furthermore, they conclude that AXS is a bad buy among the current gaming altcoins in the market.
Decentraland’s Remains Stagnant Amid January Bullishness
Decentraland (MANA) has maintained its stagnation since late December 2023. Despite the widespread bullishness that has since dominated the market, it has fallen sharply from its December 2023 highs. Bullishness in the crypto market increased following the SEC’s approval of spot Bitcoin ETFs on January 10, 2024. Yet, Decentraland (MANA) has fallen below the $0.50 range.
MANA started the year trading at $0.5398 on January 1. It dropped by 13.9% to $0.4645 on December 10, the same day the SEC approved Bitcoin ETFs. MANA fell by 8.5% to $0.4247 on January 23 before rising by 4.9% to $0.4456 on January 28.
Decentraland (MANA) might recover in February 2024 due to the expected increase in NFT activity in the crypto sector. Furthermore, Decentraland’s (MANA) cross-chain NFT shopping feature could also boost its network activity. It could make Decentraland (MANA) one of the most popular NFT networks for traders, possibly pushing MANA up by 30.2% to $0.5806.
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