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TLDR
- Polygon (MATIC) upgraded its zkEVM on November 2023.
- Tron (TRX) has emerged as one of the preferred networks for crime-related activity by terrorist groups.
- NuggetRush (NUGX) has raised over $700,000 since the start of its presale.
Polygon just upgraded its zkEVM network. Now, analysts say a MATIC rally could be coming soon. Elsewhere, Tron’s (TRX) positive investor sentiment nosedived following its growing adoption by criminal groups.
Analysts have now turned to NuggetRush (NUGX), an innovative mining adventure game that also supports the growth of global artisanal miners. NUGX has risen by 20%. Yet, can NUGX become one of the top ICO projects? Let’s discuss.
NuggetRush’s Presale Exceeds 60 Million Tokens Sold
Although there are always promising new ICOs, few show signs of living up to their market potential. Yet, NuggetRush is sharply changing that trend. The project is a mining adventure set in a hyper-realistic world. NuggetRush (NUGX) contains special character NFTs that players will use while building their mining successes.
Each player’s central goal on NuggetRush is building a successful mining business. The NFT characters possess skills to help players complete mining challenges. These players are either miners or business experts from diverse regions of the world.
NuggetRush (NUGX) allows players to upgrade the effectiveness of their mining machinery. This increases the market value of their character NFTs while making them eligible for more rewards.
Some of the rewards NuggetRush (NUGX) offers include better machinery and in-game funds. Players can also stake their NFTs, which gives them higher profits without requiring them to sell off their in-game collectibles.
NuggetRush also offers exclusive benefits to token holders in its community. These benefits include voting rights and access to restricted areas within the game. To enjoy the benefits of NuggetRush, players can participate in its blockchain ICO while it is still early. NUGX is in the third round of its public presale, costing $0.013.
Polygon Hopes to Capitalize on Current Bullishness Via its zkEVM Upgrades
On November 23, 2023, Polygon (MATIC) upgraded its zkEVM network. The upgrade was seamless, resulting in zero disruptions. Polygon’s zkEVM services have become very popular in 2023 as several networks search for new ways to scale their blockchain activity.
News of Polygon’s zkEVM upgrades could boost its growth in November. MATIC was trading at $0.6681 on November 1. After Polygon upgraded its zkEVM network on November 23, MATIC had risen by 15.6% to $0.7729.
MATIC’s November increase is due to the current bullishness in the crypto market. Analysts say demand for Polygon’s services will rise following its recent upgrades. On November 8, Near Protocol announced a partnership with Polygon (MATIC) to build a ZK solution.
Experts say such partnerships will increase, thus boosting trading activity on Polygon (MATIC). This could then push MATIC up by 5.5% to $0.8158.
Tron Faces Backlash Over Growing Links to Terrorism
A report by Reuters has revealed that Tron is now the preferred network for transactions by terrorist groups in the Middle East.
Following the report, there was a backlash within Tron’s community as some members questioned the network’s security policies. The negative backlash comes amid excitement around Tron’s (TRX) recent partnerships in the DeFi industry.
Furthermore, it follows TRX’s rise in November. TRX was trading at $0.1003 on November 1. By November 26, TRX had risen by 7.5% to $0.1079. Following the Reuters’ reports on November 27, TRX dropped by 5.3% to $0.1021.
Tron’s investor sentiment was already high following its partnership with ChainGPT in early November. Yet, its reported ties to criminal organizations could reduce trading activity due to the rising backlash within Tron’s community.
Analysts say Tron (TRX) must update their security policies to decrease their negative publicity. Otherwise, Tron’s investor sentiment may drop, causing TRX to fall by 2.2% to $0.0998.
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