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TLDR
- The new update of Ethereum Classic (ETC) will increase its compatibility with Ethereum.
- Polkadot (DOT) will modify its block space allocation method as part of its upcoming updates.
- The pre-sale of NuggetRush (NUGX) has increased by 30% since its launch.
Ethereum Classic (ETC) will enhance the capabilities of its network with a major upgrade in January 2024. Polkadot (DOT) has also experienced a surge due to plans for a more efficient block space allocation in its upcoming upgrade.
Despite this, NuggetRush (NUGX) has shown signs of becoming one of the best cryptocurrencies after its pre-sale raised over 1 million dollars. It has outperformed many new ICOs. But does this make NUGX one of the best investments? Let’s discuss.
>> Buy NuggetRush now <<
Ethereum Classic awaits a new EVM compatibility
Ethereum Classic (ETC) has always had to face criticism for the slow development of the network. Many members of the community believe that Ethereum Classic is far behind its competitors. This negative sentiment has stifled the growth of Ethereum Classic in 2023. However, the network has revealed plans for an update on the last day of January 2024.
The emotions caused by the news of the Ethereum Classic update could boost the recent performance of ETC. On October 30th, ETC had a value of $16.79. Following the rise in the market, ETC jumped 12.9% to $18.97 on December 1st. Despite the extensive business in December, the growth of ETC has been modest and reached $19.99 on December 13th.
The new updates of Ethereum Classic (ETC) will improve its compatibility with Ethereum thanks to the addition of EVM services. This will allow Ethereum Classic to connect its services to the Ethereum network. Furthermore, Ethereum Classic (ETC) will be able to rely on a greater number of partnerships and DeFi services. According to analysts, the excitement for the updates could increase the value of ETC by 21.1% to $22.99.
NuggetRush: the mining adventure astonishes experts with incredible pre-sale numbers
NuggetRush (NUGX) is the new big news in the play-to-earn community. The project provides an ecosystem where P2E adventure lovers can participate in a gold rush and other valuable mining resources. NuggetRush offers different challenges, game modes, and rewards.
Players start with a small plot of land and some equipment. They will then have to turn their modest mining activities into a fully-fledged business. Along the way, NuggetRush (NUGX) will give characters additional NFTs and mining equipment. However, in order to make significant progress in the game, players must assemble a team of skilled miners and business managers.
Players can easily purchase better machines and mining characters on the NuggetRush (NUGX) market. Players also earn by selling the extracted resources on its marketplace.
By investing in upgraded machinery, players become more efficient in resource extraction. This further increases their earning capabilities. Another way to earn with NuggetRush (NUGX) is through NFT staking. Players will receive a fixed APY for holding their tokens for a predetermined duration.
The NuggetRush (NUGX) blockchain ICO has raised nearly $1 million since the launch of the pre-sale. Investors have purchased almost 90 million tokens. NUGX now costs $0.013 in the third round of the pre-sale. The value of NUGX will increase by another 58.3% when it reaches the listing price of $0.02.
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Polkadot makes a leap forward while waiting for the network update
The market rally that started in early November has positively influenced several top altcoins such as Polkadot (DOT). Following rumors that the Securities and Exchange Commission will approve the first cryptocurrency ETFs in 2024, investors have increased their trading activity. Several cryptocurrencies, including Polkadot (DOT), have experienced a significant increase in trading activity.
This has led to a strong rise in Polkado at the end of November. On October 31st, DOT was quoted at $4.4512. One month later, DOT jumped by 23.0% to $5.4750. Considering the market surge, DOT jumped by 24.0% to $6.7922.
The growth of Polkadot (DOT) could increase thanks to the anticipation of its upcoming updates. The network has revealed that the Polkadot 2.0 update will allow for more efficient allocation of block space for developers. This could further boost the development of Dapps on Polkadot (DOT). According to analysts, this could increase the value of DOT by 29.5% to $8.7982.
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*This article has been paid for. Cryptonomist did not write the article nor test the platform.