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TLDR
- Polygon (MATIC) has announced a major partnership with Fuse Network.
- Shiba Inu’s founder has hinted at extreme token burns in 2024.
- NuggetRush’s (NUGX) presale numbers have impressed experts in the P2E industry.
Polygon (MATIC) will partner with Fuse Network to build a Zk-powered layer-2 network. Shiba Inu’s (SHIB) founder has hinted at burning 99.9% of its token supply.
Yet, NuggetRush’s (NUGX) stunning presale growth is all investors are keen to discuss. The project has also raised $1.3 million token sale revenue, despite being in round three of its presale. Yet, can NuggetRush become one of the top DeFi projects to buy? Let’s talk about it.
NuggetRush: Ongoing Presale Dominates Headlines After Selling Over 100 Million Tokens
NuggetRush (NUGX) is looking to redesign the narrative of meme coins. The project includes the community participation and benefits of meme coins while offering a high-value play-to-earn game with gold rewards.
On NuggetRush (NUGX), players step into the daily lives of artisanal miners. They will use expert mining characters to set up a valuable mining operation. Players will get to sell mined resources for cash. They can also set up several mining operations, thus boosting their wealth-building potential.
NuggetRush (NUGX) players can also stake their NFT tokens for a fixed period. Staking rewards will depend on the duration of the token lock-up. Players with long staking duration will get higher rewards. Finally, NuggetRush also comes with gold-winning opportunities: players can swap special RUSHGEM NFTs for gold.
NuggetRush (NUGX) has raised over $1.3 million in its blockchain ICO. Its token sale has also surpassed 113 million tokens. NUGX’s first round price was $0.01. By round four of its presale, NUGX has jumped to 0.015, growing by 50% since the start of its presale.
When NUGX jumps to $0.02, it will get listed. NuggetRush’s continued increase could make it one of the top gaming projects in the play-to-earn industry.
Polygon Unveils Partnership with Fuse Network
On December 18, 2023, Fuse Network announced a partnership with Polygon (MATIC). Fuse will use Polygon’s Chain Development Kit (CDK) to build a ZK-powered Layer-2 network. The partnership represents the growing popularity of Polygon’s zk EVM scaling solutions.
Furthermore, it could help Polygon’s MATIC token cross the $0.80 barrier. MATIC traded at $0.6681 at the end of October. By November 14, MATIC had jumped by 37.0% to $0.9156. But it fell by 12.6% to $0.7995 at the start of December. MATIC jumped by 7.4% to $0.8592 by December 23.
Polygon’s (MATIC) network activity has grown in 2023 due to the increased adoption of its zk-EVM solutions. Fuse Network aims to revolutionize Web 3.0 payments. Via Polygon’s zkEVM, Fuse’s users and developers will get access to Ethereum’s large cryptocurrency ecosystem.
This would further increase Fuse’s interconnectivity to the blockchain industry while boosting Polygon’s network activity. It could further push MATIC up by 8.1% to $0.9292.
Shiba Inu Founder Talks of Extreme Token Burn Involving 99.9% of SHIB Supply
Since Shiba Inu launched the Shibarium layer-2 network in August 2023, the network has increasingly burned SHIB tokens. Shiba Inu had earlier informed its community of plans to increase its token burns. Now, Shiba Inu’s Founder has hinted at cutting SHIB’s supply by 99.9%. The news was greeted with excitement by many in the Shiba Inu community.
Yet analysts debate the effects of the token burns on SHIB’s recent performance. SHIB traded at $0.000007788 on October 31. It remained bullish, rising by 7.4% to $0.000008367 by December 1. SHIB then shattered expectations, rising by 32.4% to $0.00001108 by December 23.
Shiba Inu’s (SHIB) rally follows growing demand for spot cryptocurrency ETFs. Analysts say investors will increase their investment positions on top crypto coins like Shiba Inu. This could boost Shiba Inu’s trading activity, pushing SHIB up by 19.8% to $0.00001328.
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