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TLDR:
- Polygon has lost its bid to get the ApeCoin DAO to launch a Layer 2 chain on its network.
- Meanwhile, Market analyst Ali Martinez expects Cardano (ADA) to experience a breakout rally earlier than expected.
- As demand continues to increase, NuggetRush (NUGX) is expected to see a 25x price surge in the first quarter.
Polygon Labs has failed to secure the bid that would have seen the ApeCoin DAO launch an Ethereum Layer 2 chain using the Polygon CDK, a major snag in its plans of becoming the preferred Layer 2 tech stack.
However, a top crypto analyst has predicted that the Cardano (ADA) breakout would happen earlier than expected. Also, with the rising demand, NuggetRush (NUGX), one of the hottest new DeFi projects, has been primed for a massive 25x price pump in Q1. Read on to find out more.
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NuggetRush (NUGX) Demand Peak, Massive Price Rally Expected
NuggetRush (NUGX) is a new DeFi coin that has caught the attention of many savvy investors. Over the past few weeks, investors have stacked over 184 million NUGX tokens, as the top ICO thrills the crypto community. NuggetRush has become one of the best altcoins to buy because of its huge potential for growth.
What really makes NuggetRush a stand-out DeFi project is its unique concept, which blends P2E (play-to-earn), GameFi, memes, and NFTs.This combination of features has made NuggetRush very appealing across the crypto landscape, with many gamers swarming to the cryptocurrency ICO.
The upcoming P2E game will feature gold mining, which is a novel concept that is sure to take the crypto gaming world by storm. By forming alliances with other players or selecting NFT characters from the game to support their activities, users can assemble a mining squad.
You may gather and exchange in-game items for real money, gold, and ERC20 coins on the market. In the fifth round of the crypto ICO, the token is currently valued at only $0.018, making NUGX a great buy.
After launch, its value is predicted to rise by 2,500%, making it one of the best new crypto to buy. You can participate in the ongoing NUGX presale and position yourself for potential gains through the link below.
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Ali Martinez Predicts Imminent Cardano (ADA) Price Breakout
Cardano (ADA), albeit one of the best altcoins, has struggled in the past few years. However, with the recent price rally that has moved the Cardano coin above the $0.60 resistance, veteran crypto analyst Ali Martinez has predicted an imminent breakout for ADA.
According to Martinez, Cardano could rally to $0.80 in the short term. However, he expects the altcoin price to retrace back to the $0.60 support before a major breakout mirroring Solana.
If the prediction of Martinez holds true, then Cardano could rally towards $8.00 for a new all-time high (ATH) by January 2025.
Polygon (MATIC) Loses ApeCoin Bid
Polygon Labs, the team behind the Polygon (MATIC) crypto, has been on a campaign to become the dominant Ethereum scaling tech stack provider. However, this campaign has recently hit a road bump as it lost the bid to build the ApeCoin DAO layer 2.
Polygon Labs attempted to persuade the ApeCoin DAO to introduce an Ethereum Layer 2 chain using the Polygon CDK, including a $3 million development fund.
However, Arbitrum has been chosen as the preferred layer 2 network. The loss has not affected the MATIC price, which is currently up by 10% on the weekly chart, attempting to crack the $1.00 resistance.
Closing Thoughts
Although the lost bid hasn’t caused a price dip for Polygon, it has slowed down its expansion plans. On the flip side, Cardano and NuggetRush now look like the best cryptos to buy, as they enter their breakout phases.
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*This article was paid for. Cryptonomist did not write the article or test the platform.