Investors turning to NuggetRush, Avalanche, and Cardano
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- NuggetRush (NUGX), an Ethereum-powered mining game, is gaining traction among investors.
- On Dec. 2, 2023, Avalanche (AVAX) fell in Google searches before recovering. Despite institutional interest and positive announcements, a slight price pullback was deemed normal.
- On Dec. 3, 2023, pseudonymous Cardano influencer “ADA Whale” shared ten personal crypto beliefs on X. Meanwhile, a positive development report from IOG reveals advancements in Cardano’s blockchain, with the Site Reliability Engineering team enhancing network capabilities.
This edition examines NuggetRush (NUGX), an Ethereum-based mining game known for its rewards and NFT features. Avalanche (AVAX) prices remain volatile amid growing institutional interest. Furthermore, we delve into an analyst’s observations on Cardano.
NuggetRush rising
NuggetRush is a new Ethereum-based blockchain game focused on simulated mining operations.
In the game, players complete repetitive tasks related to collecting resources and expanding a virtual mining company.
The game rewards players with non-fungible tokens (NFTs) and in-game currency for hitting milestones.
Players can upgrade their NFTs to increase their value. There is also an in-game NFT marketplace.
NUGX is the main currency and governance token enabling essential functions. Demand for the token during its ongoing presale has rapidly increased.
The presale is in the third round, with NUGX available for $0.013.
In the upcoming fourth round, prices will rise to $0.015 before listing at $0.02.
Exploring Avalanche
On Dec. 2, 2023, Google searches for Avalanche declined to levels last seen on Nov. 8 before gradually recovering.
Despite the heightened interest stemming from announcements by JP Morgan and other institutional investors, there was a minor pullback in the AVAX price.
While daily active addresses for Avalanche reached August highs on Nov. 23, they dropped to the average levels observed in October and November. Interestingly, the recovery in addresses holding Avalanche balances greater than zero presents a positive outlook.
The recovery of active addresses by 30% played a role in supporting prices.
When Binance announced maintenance for BNB smart chain wallets, AVAX whales moved funds. Some aimed to capitalize on potential price declines for profit-taking.
As of Dec. 3, 2023, AVAX was trading at $21.77. Analysts expect AVAX to reach $24.15 by the end of 2023.
The Cardano report
On Dec. 3, an influential Cardano advocate posting under the username “ADA Whale” shared a lengthy post detailing his views across ten key points.
According to ADA Whale, the assessments represent logical interpretations of recent events and developments related to Cardano.
In other news, Input Output Global (IOG), the lead developer of Cardano, released its latest report showing extensive progress across the blockchain’s development and community engagement.
Highlights include network reliability and efficiency improvements, upgraded peer-to-peer connectivity, and node enhancements. These ongoing development efforts have impacted ADA prices to some degree.
On Dec. 3, ADA was trading at $0.3918. Based on developments across the Cardano ecosystem, analysts forecast ADA to reach $0.4255 by the end of 2023.
Visit the NuggetRush presale website
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