TLDR
- Monero’s (XMR) performance has worsened as February draws to a close.
- The Graph (GRT) has risen to the $0.20 range as its bullishness continues.
- Investors accumulate over 200 million NUGX tokens amid its spectacular price increase.
Monero (XMR) continues to reel from Binance’s decision to delist its token. The Graph has recorded increased network activity, which has continued since Q4 2023.
NuggetRush’s (NUGX) gaming adventures have drawn attention to the P2E industry after selling 200 million tokens. Analysts say NuggetRush’s gold rewards could make it a standout project among other top altcoins. Yet, can NUGX become one of the best new ICOs? Let’s discuss.
Monero Struggles to Recover Amid Decline Caused by Binance Disappointment
Privacy tokens have faced resistance from large crypto firms and regulatory agencies in the past few months. That resistance has continued with Binance’s decision to cease support for Monero (XMR) tokens. Binance announced its decision on February 20, 2024, spreading anxiety among Monero investors.
The decision caused a massive drop in Monero’s (XMR) February performance. XMR traded at $156.82 on January 15. It jumped by 4.4% to $163.86 on January 31. XMR fell by 35.9% to an all-time low of $104.98 on February 6. Nearly three weeks later, XMR jumped by 23.0% to $129.17 on February 25.
Some analysts predict a recovery for Monero (XMR) due to growing demand for privacy altcoins. Litecoin has joined the privacy sector, launching its Mimble Wimble services and providing hidden transactions and addresses. Furthermore, Bitcoin’s recent jump to the $50,000 region could also boost Monero’s (XMR) performance. This could push Monero’s XMR token up by 8.4% to $140.04.
The Graph Records Strong Performance in Q4 2023
The Graph (GRT) has published its performance reports for the fourth quarter of 2023. The reports show a 65% QoQ growth in query volume on the network. Total QoQ queries on The Graph have reached 958 million. The reports indicate growing adoption of The Graph’s (GRT) on-chain data indexing services.
Furthermore, it could push GRT to the $3.00 range. GRT traded at $0.1616 on January 14. It fell by 5.7% to $0.1523 on February 5. GRT then jumped by 27.3% to $0.194 on February 16 before soaring by 48.9% to $0.289 on February 25.
The Graph (GRT) could rise due to excitement around its coming upgrades. On January 17, The Graph released details about its Horizon upgrades. The upgrade would help The Graph (GRT) become a more modular and permissionless protocol via an improved staking mechanism. This could improve its network activity due to the predicted influx of stakers. GRT’s price could rise by 36.6% to $0.395 as FOMO around the token keeps growing.
NuggetRush: Turning Digital Gaming into Real-World Value
NuggetRush’s (NUGX) gaming adventures promise gold rewards and NFT staking in return for up to 20% APY. This has made investors fall in love with NuggetRush (NUGX).
When playing on NuggetRush (NUGX), you can partner with others or play alone. Gaming partnerships could increase your reward size and eligibility as a beginner player. Furthermore, group challenges foster community participation, which helps keep the ecosystem vibrant.
Security concerns are no issue on NuggetRush (NUGX) as SolidProof has audited the network for bugs. Furthermore, trading on NuggetRush’s marketplace attracts no buy or sell tax, resulting in a cheaper gaming experience. NuggetRush (NUGX) offers voting rights to token holders, allowing them to participate in shaping its developments and future.
NuggetRush’s presale has raised the bar after selling 200 million NUGX tokens. It has also raised over $2.5 million, becoming one of the best performing top ICO projects. NUGX’s value is currently on an 80% surge since day one of its presale. It will pump by 11.1% to $0.020 and then get listed on decentralized exchanges.
