TLDR
- Dogecoin holders are expecting a recovery of the meme coin industry.
- Demand for Polygon’s (MATIC) zkEVM services could increase in 2024.
- NuggetRush (NUGX) has shown a clear pathway to wealth via its mining game.
Polygon (MATIC) holders hope its zkEVM services will become more popular. Dogecoin has risen as investors speculate over a possible meme coin industry recovery.
Still, NuggetRush (NUGX) is drawing more attention following the sale of 161 million tokens in its presale. NUGX’s value has also jumped by 80%. Yet, can it outperform altcoins like MATIC and DOGE? Let’s hear what analysts think.
NuggetRush: Come, join the Future of Play-to-Earn Gaming
NuggetRush (NUGX) is the chance to become a mining expert and win valuable rewards. The game contains a super realistic 3D arena where gamers hone their mining skills in pursuit of high-value rewards. On NuggetRush (NUGX), gamers set up mining facilities, earning money from selling mineral resources.
You can build a fortune on NuggetRush (NUGX) when you expand your mining operations to contain several digging sites. The game supplements your mining experience by giving you valuable NFT characters who have spent years in the mining industry. Characters like Maxwell Stoneforge will help any beginner reach the top of the mining pile in NuggetRush (NUGX).
The more mining characters and machinery a player can collect, the higher their mining efficiency. Furthermore, having more mining assets helps players set up multiple business operations in the game. Finally, players can earn more from selling NFT gaming assets.
The size and style of NuggetRush’s (NUGX) rewards could make it one of the most popular NFT projects. Over 161 million tokens have been sold in its blockchain ICO. NUGX is in round five of its presale, selling at $0.018. The next major jump will take NUGX up by 11.1% to its listing price of $0.020.
Dogecoin Jumps Amid Expected Rebound of Meme Coin Industry
Dogecoin (DOGE) has recovered from its slight decline in early January, leading to speculations about a possible meme coin recovery. Community-driven meme coins were on the up since late 2023 as investor sentiment for that segment of the crypto industry increased. However, Dogecoin (DOGE) has fallen despite reaching the $0.10 mark in early December.
DOGE traded at $0.09202 on January 1. As of January 9, DOGE had fallen by 13.8% to $0.07926. DOGE’s bullish momentum increased slightly, and it jumped by 10.8% to $0.08789.
Dogecoin’s slight recovery could be due to excitement around the launch of payments on X. Some Dogecoin (DOGE) community members speculate that X could add the coin when it decides to offer crypto payments.
Although, there has been no news about such plans from X’s leadership. Still, excitement is building within Dogecoin’s community, leading to a recent DOGE jump. This trend could continue, pushing DOGE up by 8.1% to $0.09509. If Dogecoin (DOGE) rises to $0.10, it could be among the best cryptocurrency investments.
Polygon Team Expects Huge Growth of zkEVM Adoption
Colin Butler, head of Institutional Capital at Polygon Labs, says 2024 will be a mega year in the institutional adoption of tokenization. He further concluded that zkEVM technology could bring billions of dollars from traditional institutions interested in asset tokenization. His comments follow the high popularity of Polygon’s (MATIC) zkEVM services in 2024.
Polygon started 2024 trading at $1.00 amid high interest in its zkEVM network. MATIC’s January 1 price was $1.0157. It fell by 17.0% to $0.8426 on January 8. MATIC recovered by 10.0% to $0.9273 on January 11. However, it fell by 15.3% to $0.7851 as of January 20.
Analysts expect Polygon (MATIC) to rise in 2024. Polygon (MATIC) partnered with Chainlink to integrate the latter’s real-time price feeds onto its zkEVM network. This would boost demand for Polygon (MATIC), further cementing its position as one of the top blockchain networks. Furthermore, it could push MATIC’s value up by 32.2% to $1.0381.