The post The Investor Exodus: Exploring the Shift from Polygon and BNB to NuggetRush appeared first on Coinpedia Fintech News
TLDR
- Polygon (MATIC) just upgraded its zkEVM network without any network delays or congestion.
- The recent exit of Binance’s CEO has significantly reduced positive investor sentiment around the exchange.
- NuggetRush (NUGX) could become one of the most popular crypto investments following its recent 30% increase.
Polygon’s (MATIC) bullish momentum has slowed considerably despite the excitement around its recent zkEVM upgrades. BNB has also experienced reduced investor sentiment due to the money laundering controversy around its former CEO, Changpeng Zhao.
To recoup their losses, investors now turn to NuggetRush (NUGX) after it unveiled high rewards for participating in its virtual mining adventure game. NUGX’s value has already appreciated by 30%. Yet, will NUGX be a better investment than most new ICOs?
Let’s discuss!
Polygon Declines Despite Excitement Around its Latest zkEVM Upgrades
The crypto market is in a bullish run. Yet, some top altcoins like Polygon (MATIC) lost significant market momentum. Polygon (MATIC) had started the month of November with a strong rally. By November 23, Polygon (MATIC) had completed a seamless upgrade to its zkEVM network.
MATIC was trading at $0.668 on November 1. Nearly two weeks later, MATIC had soared by 36.9% to $0.915 on November 14. By Polygon’s zkEVM upgrade on November 23, MATIC had fallen by 18.2% to $0.748.
Polygon’s zkEVM has soared in popularity in 2023. It has processed over 8 million transactions since its launch in late March. Analysts say Polygon’s rising zkEVM usage would help overturn MATIC’s slow momentum. They conclude that MATIC could end the year trading at $0.893, rising by 19.3%.
BNB Could Drop to September Lows Following Binance CEO Exit
On November 28, 2023, BNB’s community woke up to the news that Changpeng Zhao had resigned from Binance. The ex-CEO left the company after pleading to overlook anti-money laundering violations on the exchange.
The news further reduced BNB’s momentum, which had been declining the days before. BNB traded at $231.72 on November 2. A week later, BNB had risen by 8.5% to $251.51 on November 9. Yet, BNB fell by another 8.6% to $229.69 on November 28.
Some analysts predict a further decline in Binance’s trading activity due to its current controversy. Now, Binance’s current CEO faces a challenge to reassure investors that the company is operating within the confines of the law. If Binance’s trading activity declines further, BNB could fall by 6.5% to $214.54.
NuggetRush: Come and Join the Virtual Gold Rush
NuggetRush (NUGX) is a virtual mining adventure where players can win several valuable rewards, including gold.
The game will launch on Ethereum. It features a world of artisanal mining experts, entrepreneurs, and mineral-rich lands. NuggetRush (NUGX) offers large financial rewards to players while testing their decision-making and resource-management skills.
NuggetRush features challenges, battles, ranked play, and even tournaments. The central aim of the game is to set up a profitable mining venture. Players will use NFT characters to complete mining tasks.
After each task, NuggetRush rewards players with collectibles and in-game currency. One of NuggetRush’s (NUGX) standout features is the offer of a hyperrealistic mining experience. Furthermore, players can easily collaborate on completing mining tasks, giving higher rewards in return.
P2E and Built In Earnings
Players can stake their NuggetRush NFTs, thus increasing their earnings without selling off in-game collectibles. Analysts say adding such features could make NuggetRush one of the best DeFi projects. Other benefits of holding NUGX tokens include governance rights and access to restricted areas within the game.
NUGX just entered the third round of its presale, rising by 30% from its original price of $0.01. By round four, NUGX’s value would increase from its current price of $0.013 to $0.015, rising by 15.3%. Analysts say such growth makes NUGX one of the top crypto coins to buy in November 2023.
Visit NuggetRush Presale Website
#PressRelease [Source: Coinpedia]