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TLDR
- Cardano (ADA) faces criticism over dwindling network developments.
- dYdX growth has slowed despite the sharp market bull run.
- NuggetRush’s (NUGX) mining game could be the next challenger of top play-to-earn networks.
Cardano has faced criticism for having slow network development. dYdX has also grown slowly despite the widespread bullishness in the crypto market since early November.
NuggetRush (NUGX) has also grown by 30% since the start of its presale. Its mining adventure game has also stolen attention in the crypto market. Yet, can this make it one of the best cryptocurrency investments? Let’s hear expert opinions.
Cardano Rallies Despite Criticism Around Delayed Network Upgrades
Top altcoins have been on a rally since the start of November following increased bullishness in the crypto market. Cardano (ADA) has also rallied sharply despite criticism around its network developments in the past few months.
Despite the criticism, Cardano’s (ADA) trading activity remained high. ADA traded at $0.3231 on November 2. A month later, ADA’s value had jumped by 23.1% to $0.3978 on December 2. ADA rose by 45.8%, reaching $0.5803 by December 17.
Cardano (ADA) has come under criticism in the past few months. Several community members have grown tired of the repeated delays of network upgrades on Cardano (ADA). However, the head of Cardano’s foundation defended the network, saying its academic approach to development resulted in delays.
Despite the controversy, analysts expect Cardano’s (ADA) investor sentiment to remain high. This could further push ADA up by 17.2% to $0.6803.
NuggetRush: P2E Industry Welcomes Ethereum-based Mining Adventure
The crypto market is bubbling with excitement after NuggetRush (NUGX) unveiled a P2E adventure designed to appreciate the beauty of artisanal mining.
The game features an exciting universe of mining and entrepreneur NFT characters in a terrain filled with valuable natural resources. NuggetRush’s (NUGX) adventure challenges players to build a successful mining business by assembling a competent team of mining and business experts.
NuggetRush (NUGX) allows players to collaborate to win higher rewards. Players can form mining associations, complete group challenges, and increase their reward eligibility. The game features multiple gameplay modes, including battles, tournaments, and ranked play.
After excavating material resources, players earn money by selling mined resources. They can also trade other in-game collectibles like mining characters’ equipment. Finally, extra lucky players on NuggetRush (NUGX) will find RUSHGEM NFTs, which are directly swappable for real gold.
NuggetRush’s (NUGX) blockchain ICO has outperformed several investments in 2023. NUGX was trading at $0.01 at the start of its presale, but it has grown by 30% to its current price. Now, the project has sold over 97 million tokens, raising over $1 million since its launch. NUGX is trading at $0.013 by round three of its presale, and you can buy it right now!
dYdX records Modest Growth
The crypto market has recorded high bullishness over the past few weeks as demand for spot crypto ETFs has increased demand for digital assets. Yet, dYdX has recorded modest growth despite being one of the most active decentralized exchanges.
At the start of November, DYDX traded at $2.3745 on November 1. By December 1, DYDX jumped by 30.4% to $3.0975. Over two weeks later, DYDX had declined slightly by 0.9% to $3.0671.
dYdX’s network activity has risen in the past few weeks. Its daily trades hover around 200,000. dYdX’s trading volume has also soared to $1.8 billion. Furthermore, the exchange revealed that its average daily open interest had risen to $15 million.
Yet, DYDX’s price growth has been slow. Analysts blame its stagnation on a recent token unlock. On December 1, dYdX unlocked $500 million worth of tokens. Analysts say the increased token supply could have reduced demand for DYDX. Furthermore, they expect it to grow slightly by 13.0% to $3.4671 due to its reduced investor sentiment.
