TLDR
- Polygon’s (MATIC) network activity keeps rising in February.
- Sui will boost on-chain NFT analysis via a collaboration with Hello Moon.
- NuggetRush’s (NUGX) sale of over 202 million tokens has stirred excitement within the gaming sector.
Polygon’s (MATIC) daily active address count has risen amid its brief return to the $1.00 region. Sui’s network activity will also rise following a new partnership.
Yet, NuggetRush (NUGX), the soon-to-launch mining game, has generated a lot of attention in the crypto industry. Its gaming adventures will soon go live after raising an 80% profit in its presale. Yet, can NUGX make a name among top crypto coins? Read on.
NuggetRush Continues its Market Ascent Selling Over 200 Million Tokens
NFT gaming is becoming more popular thanks to the rising adoption of projects like Axie Infinity and Ethermon. NuggetRush (NUGX) comes on to the play-to-earn scene with a unique approach, focusing on merging high-quality entertainment with the opportunity for gaming rewards.
Using virtual reality, NuggetRush offers a gaming experience that features all the aspects of artisanal mining. Some of its engaging tasks are collaborative, while others are competitive. However, they all center around building a mining business.
Like other web3 games, players earn money from trading NFTs on NuggetRush (NUGX). Its P2P marketplace is vibrant, catering to gamers who wish to trade collectibles. Furthermore, games can also stake other collectibles, as NuggetRush (NUGX) offers up to 20% APY for NFT staking.
NuggetRush (NUGX) caught nearly everyone by storm. No analyst expected the project to sell 202 million tokens by round five of its presale. NUGX has also raised 80% interest from investors. Now, NUGX will get listed on decentralized exchanges after recording a 100% value pump.
Polygon’s Daily Active Addresses Reaches 1 Million
Network activity on Polygon (MATIC) has continued to rise amid the market bullishness. On February 23, 2024, Polygon announced that its active on-chain addresses had exceeded 1 million, a new all-time high (ATH).
The news came amid excitement around Polygon’s brief return to the $1 mark. Polygon’s MATIC token traded at $0.8379 on January 14. It fell by 4.7% to $0.7983 on February 2. MATIC’s bullishness skyrocketed, and it rose by 28.5% to $1.0261 on February 20. MATIC then fell by 3.7% to $0.988 on February 23 after a slight decline.
Analysts predict a sharp boost in Polygon’s (MATIC) performance following the launch of its Aggregate layer. Experts say Polygon’s aggregate layer will optimize interoperability across DeFi altcoins.
This could boost the development of DeFi services in Polygon’s (MATIC) ecosystem. It could further push MATIC’s value up by 40.2% to $1.3858, making it one of the fastest-growing top altcoins.
Sui’s Bullish Momentum Could Rise After NFT Partnership
Sui has announced a partnership to power a new generation of NFT analytics tools. On February 23, 2024, Hello Moon announced that it will design novel utilities and experiences on Sui thanks to its latest partnership.
The news could push Sui to the $2.00 range. SUI traded at $1.2890 on January 13. Nearly a month later, SUI rose by 17.6% to $1.5170 on February 6. It remained bullish, hitting $1.9076 on February 14 after a 25.7% increase. However, SUI has fallen by 14.2% to $1.6350 as of February 24.
Experts predict an increase in demand for Sui’s services following its integration into THORWallet decentralized exchange. Sui would help to streamline staking services on THORwallet.
Rising network activity on Sui could push its price up by 28.4% to $2.0994. Furthermore, SUI could become one of the top DeFi projects to buy in early 2024 if it remains bullish.