Ethereum (ETH) has maintained its December Bullishness amid increased competition from Solana. MicroStrategy has also increased its Bitcoin (BTC) holdings in anticipation of a bull run.
Yet, NuggetRush’s (NUGX) presale has drawn interest from all over the crypto market. Early NUGX investors have earned a 50% increase. Yet, can the mining game become one of the best DeFi projects of 2024? Let’s hear expert opinions.
Ethereum Remains Bullish Amid Competition from Solana
The battle between top altcoins has heated up in December following Solana’s spectacular increase. Ethereum (ETH) has also recorded a bullish performance since November following increased calls for Spot cryptocurrency ETFs.
ETH traded at $1,816 on October 31. A month later, ETH jumped by 14.9% to $2,087 by December 1. As market bullishness soared, ETH recorded a 13.9% increase to $2,378 by December 27.
Ethereum’s (ETH) growth could continue in 2024 due to the popularity of real-world asset (RWA) tokenization. The market valuation of asset tokenization surpassed $2 billion in 2023. Ethereum is already a major player in the tokenization industry.
Yet, analysts say Ethereum’s (ETH) asset tokenization drive would get a significant boost in 2024. This will help Ethereum withstand competition from Solana. It could further push ETH’s value up by 13.2% to $2,692. If Ethereum (ETH) keeps rising, it could become one of the top crypto coins to buy now.
NuggetRush: Changing the Narrative Around Crypto Gaming
Since the launch of projects like The Sandbox and Decentraland, crypto gaming has become more popular. Yet, many P2E enthusiasts claim that most crypto games are limited in their fun and reward-earning potential. NuggetRush (NUGX) is a mining game designed to change that narrative.
NuggetRush (NUGX) features a journey into a 3D mining universe brimming with NFT characters and mineral-rich lands. Players will receive NFT characters with mining and entrepreneurship skills. NuggetRush (NUGX) challenges players to build a booming mining business by capitalizing on the abilities of its NFT characters.
The game offers valuable rewards to players after completing mining challenges. The size of these rewards would depend on your mining efficiency. To earn as much as possible from NuggetRush (NUGX), players need to strategically build their mining workforce. They also need to invest in quality machinery to get maximum efficiency.
NuggetRush’s (NUGX) presale has sold over 121 million tokens, making it one of the most popular NFT projects in December 2023. Early NUGX backers are already in a jubilant mood as its value has jumped by 50% since the start of its presale. NUGX is now in the fourth round of its presale, selling at $0.015. It will get listed soon when its value jumps by 33.3% to $0.02.
MicroStrategy Buys $615.7 Million in Bitcoin
On December 27, 2023, MicroStrategy Software firm purchased a large chunk of Bitcoin (BTC) following rumors of a possible surge. The large BTC transaction comes amid rumors that the Securities and Exchange Commission is gearing up to approve spot crypto ETFs in Q1 2024.
Rumors of spot crypto ETFs had already triggered a Bitcoin (BTC) bull run in November. BTC traded at $35,437 on November 1. Four weeks later, BTC jumped by 9.1% to $38,688 by December 1. BTC crossed into the $40,000 range, rising by 12.2% to $43,442 by December 27.
Several Bitcoin Spot ETF applications have been filed before the Securities and Exchange Commission. Analysts say approval of Spot Bitcoin ETF applications would boost confidence in the crypto market.
It would also increase crypto adoption by large institutions. This would significantly boost demand for Bitcoin, thus pushing BTC up by 17.9% to $51,254. If Bitcoin (BTC) keeps rising, it will be one of the best cryptocurrency investments in 2024.
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Disclaimer: This is a paid post and should not be treated as news/advice.
