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Cosmos (ATOM) has recorded high network adoption in 2023. Tron (TRX) is also on a bull run but it has lost momentum amid controversies surrounding the network.
NuggetRush (NUGX) is now drawing investors to its mining adventure game that promises gold and other NFT rewards. NUGX's presale value has recorded a significant 50% growth. Yet, can this make it a top ICO project? Let's hear expert opinions.
Cosmos (ATOM) has released a 2023 report on the growth within its ecosystem. The report showed a 102% increase in the adoption of Cosmos' InterBlockchain Communication Protocol. By December, Cosmos' Osmosis DEX was the biggest driver of IBC volume. The report follows Cosmos' (ATOM) bullish performance since early November.
ATOM traded at $7.93 on October 31. By December 1, ATOM jumped by 19.2% to $9.46. ATOM's growth continued, and it rose by 26.5% to $11.97 by December 27.
Cosmos (ATOM) could jump further due to the prevalent bullish sentiments triggered by demand for spot ETFs. Investors have increased calls for spot crypto ETFs, with many analysts believing such approvals would boost trust in the crypto market.
Several cryptocurrencies like Cosmos (ATOM) have risen as a response to the widespread bullishness. Analysts say Cosmos' ATOM token could jump by 30% to $15.57 if the bullish sentiments in the market remain.
NuggetRush (NUGX) invites all gamers to embark on a mining journey packed with mineral resources and valuable rewards. The game calls on all adventures to compete in a rush for gold, where players must flex their business management skills.
NuggetRush (NUGX) gives out NFT characters and mining equipment to players. It challenges them to turn a few mining resources into a valuable resource-digging operation. Players will get to sell valuable rewards earned from NuggetRush's (NUGX) landscapes.
To build wealth quickly, players must continually explore new lands while setting up new mining facilities. As players compete in mining challenges, they get continuous boosts in mining efficiency.
The game rewards players based on their mining efficiency. One way to ensure access to vast rewards is investing in quality machinery and skilled NFT characters. Players can also earn money from skillful trading of game assets.
NuggetRush (NUGX) has sold 121 million tokens despite being in round four of its presale. Analysts say these numbers could make NuggetRush (NUGX) one of the most popular NFT projects. NUGX has increased by 50% from its initial price to $0.015. By round five of its presale, NUGX's value will go up by 20% to $0.018.
Despite the widespread bullish sentiments in the crypto market, Tron (TRX) struggles to cross the $0.10 ceiling. The market entered a bull run that sent several top altcoins to the green zone. Yet, despite strong network activity on Tron in 2023, its December performance has been slow.
TRX traded at $0.1003 on November 1. Over a month later, TRX had jumped by 2.8% to $0.1032 on December 1. Despite the widespread bullishness in December, TRX's value has only increased slightly by 2.1% to $0.1054 by December 27.
Tron's (TRX) slow growth could be due to controversies around growing criminal activity on its network. On December 16, the Campaign for Accountability alarmed the U.S. Senate over USDC's entanglements with Tron.
The CFA's complaint bordered on Tether's banking support to the Tron network. Analysts say Tron's investor sentiment has reduced. Yet, they expect Tron to rebound due to its stablecoin activity in 2023. They expect TRX to jump by 37.7% to $0.1452 by February 2024.
Still, other analysts say Tron (TRX) might not be a good crypto to buy now due to negative sentiments around the network.
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
