TLDR
- Monero recent bullishness has nosedived as excitement around its recent ASIC-miner wanes.
- Solana’s (SOL) market performance declines after days of soaring trade volumes.
- NuggetRush (NUGX) is gearing up to release an Ethereum-based mining adventure that holds high growth potential.
Monero’s performance has dipped considerably despite the ongoing bullishness in the crypto market. Some analysts say excitement around its Bitmain miner has worn off. Solana has also declined despite its skyrocketing trade volume in early November.
Investors are now drawn to NuggetRush after its blockchain ICO generated a 20% profit so far. NuggetRush promises to be an exciting mining ecosystem with bountiful rewards. Yet, can it live up to expectations? Let’s discuss.
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NuggetRush (NUGX): Creating Wealth Via Artisanal Mining
Artisanal mining is loved by millions around the world. Yet, mining lovers have never had a video game that recreates the authentic mining experience while offering valuable rewards. NuggetRush (NUGX) is here to change that narrative.
Built on Ethereum, NuggetRush (NUGX) is an ecosystem of gamers, artisanal miners, crypto enthusiasts, and investors. At the heart of NuggetRush is an immersive, hyper realistic mining experience where players use skilled miners to find and extract mineral resources.
NuggetRush opens up a world of possibilities where players can become wealthier by making strategic decisions while running a successful mining operation. The characters assist players in their mining adventures.
The skills of these characters affect your overall mining efficiency, which in turn affects how much rewards you can win. Furthermore, these character NFTs have high financial value, which players can realize on NuggetRush’s (NUGX) marketplace.
NuggetRush (NUGX) could become one of the top 5 cryptocurrencies of 2023 due to its soaring popularity. The project is still in round two of its presale. Yet, investors have purchased around 47 million NUGX tokens.
Furthermore, round one buyers are in 20% profit as NUGX’s value jumped to $0.012 by round two. The next round of its presale offers an 8.3% increase, taking NUGX to $0.013. Finally, NuggetRush’s team will officially launch the game once NUGX reaches $0.020.
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Monero (XMR) Nosedives Despite Bullish November
Popular privacy network, Monero (XMR), has witnessed a bearish fall since the start of November. Monero’s (XMR) declining performance sharply contrasts the current bull market.
Experts were shocked because Monero’s (XMR) recent network upgrades were expected to boost its investor demand. XMR traded at $171.64 on November 1. By November 18, XMR had fallen by 6.3% to $160.80.
Monero (XMR) has battled with negative investor sentiment in 2023 due to concerns around privacy. Yet a recent Bitmain ASIC miner boosted interest in Monero. XMR’s performance then improved in October as Monero’s trading activity rose sharply.
Despite XMR’s recent fall, analysts say Monero’s performance will improve due to excitement around growing demand for Spot Bitcoin ETFs. This could push XMR’s value up by 13.3% to $182.32.
Solana (SOL) Records Slight Decline
Solana’s (SOL) value has dipped slightly in the past few days despite its skyrocketing trade volume. Data from Santiment showed that Solana had become one of the most popular networks after its daily trading volume skyrocketed to around $4 billion in early November.
Despite Solana’s popularity, SOL’s value dropped alongside the slight market correction in the past few days. SOL was trading at $41.46 on November 1. It then jumped by 58.0% to $65.53 on November 15. Yet, SOL had declined by 10.7% to $58.51 by November 18.
Solana’s (SOL) decline comes amid Binance’s plans to delist several crypto trading pairs linked to the Russian Ruble. Solana was one of the affected top altcoins.
Yet, analysts say Binance’s decision will do little to harm SOL’s popularity. They expect Solana’s (SOL) trading activity to rise further alongside market bullishness. These analysts conclude that SOL could rise by 21.04% to $79.32 by the end of the year.
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