TLDR
- Chainlink (LINK) is facing a possible downturn after a recent price correction that has scared investors.
- Blockchain experts say Cardano’s (ADA) security and privacy could rise following the launch of a new sidechain.
- NuggetRush (NUGX) offers the opportunity to build a virtual mining enterprise with real-world rewards.
Chainlink’s trading activity has soared in early November. But LINK’s recent correction has experts wondering if a downturn is coming. In contrast, Cardano’s community is expecting the launch of Midnight, a sidechain that will increase network data protection.
Yet, some investors are picking NuggetRush (NUGX) as an investment of choice. NuggetRush is a mining game that offers a mineral-rich terrain full of valuable NFTs and even the opportunity to win gold. Will NUGX become a top ICO by outperforming LINK and ADA? Let’s discuss.
NuggetRush (NUGX): An Artisanal Miner’s Paradise
NuggetRush is the brainchild of Impact Gaming and a strong desire for a play-to-earn adventure. The game is a hyperrealistic mining universe where players must find and excavate mining treasures.
NuggetRush (NUGX) allows players to delve into the whole mining experience. It features basic tasks like soil sampling, geophysical surveys, digging tunnels, and setting up shafts. NuggetRush’s in-game characters comprise artisanal miners and business specialists.
These characters will help players succeed at establishing a successful mining empire. NuggetRush stands out in the play-to-earn community because it is the first blockchain game dedicated to mining enthusiasts.
Furthermore, many game lovers and crypto enthusiasts have fallen in love with NuggetRush because of its bountiful rewards.
Some of these rewards include Character NFTs, in-game currency, and other collectibles that players can sell on NuggetRush’s (NUGX) marketplace. Users can also stake their game NFTs in return for fixed interest.
NuggetRush (NUGX) has quickly become an investor favorite as its blockchain ICO has raised over $350,000. It just entered round two of its presale with a 20% increase. NUGX is valued at $0.012. Yet, by round three of its presale, its value would grow 8.3% to $0.013. NUGX’s value will keep rising. However, NUGX will be listed on major exchanges when its value hits $0.020.
Chainlink (LINK) Undergoes Market Correction Despite Soaring Trading Activity
Chainlink’s trading activity soared as the crypto market was filled with excitement over possible spot Bitcoin ETF approvals. The excitement caused a rise in demand for Chainlink’s services, causing LINK’s value to skyrocket.
However, a Chainlink price correction has happened over the past few days.
LINK was trading at $11.62 on November 1. By November 11, LINK soared by 41.3% to $16.42. However, LINK corrected slightly by 12.2% to $14.41 by November 13. Despite LINK’s recent decline, analysts say its bullish momentum will continue as Chainlink’s trading activity remains high.
Furthermore, Chainlink’s DeFi partnerships could boost its network activity as the market is bullish. If this happens, LINK could rise by 36.5% to $19.67. If Chainlink rises further, it might be one of the top DeFi projects in 2024.
Cardano (ADA) Sidechain Gets Major Upgrade
On November 13, 2023, Midnight, a Cardano-based data protection sidechain, launched its development network. This new network will allow developers to experiment and fix issues that affect digital assets or users. By adding a data protection sidechain, Cardano is looking to increase its real-world utility while keeping users safe.
Furthermore, it could boost Cardano’s (ADA) market performance, which has been bullish in the past few weeks. ADA was trading at $0.265 on October 1. A month later, ADA had risen by 15.8% to $0.307. ADA’s bullish momentum continued, rising by 14.6% to $0.352 by November 13.
Another development that could boost Cardano’s (ADA) performance is a potential partnership with Kraken to build its layer-2 network. Although there has been no official confirmation, Cardano supporters believe its blockchain technology would immensely benefit Kraken. ADA might rise by 25.8% to $0.443 if their partnership goes ahead.
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