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Dogecoin's (DOGE) network activity has increased amid talks of a possible DOGE rally. The Sandbox (SAND)has unveiled plans to launch over 50 new collections in 2024.
Yet, NuggetRush (NUGX) continues to find favor among investors after its presale sold 161 million tokens. The project's NFT rewards also include gold prizes. Yet, can NUGX challenge top altcoins in 2024? Let's hear what its supporters think.
NuggetRush (NUGX) is an NFT gaming adventure whose presale has outperformed expert predictions. The project features a community that celebrates artisanal mining via competitive adventure where players can stack valuable gold rewards. On NuggetRush (NUGX), you will go around collecting NFT assets, which help in the smooth running of your mining operations.
These NFTs include skilled workers and mining equipment. Gamers on NuggetRush (NUGX) can still rise to the top of the game with little real-life mining experience. The NFT workers possess mining skills which help players earn the highest value from excavated resources. Once players excavate resources, they head to the game's marketplace where they can trade these resources for money.
Gamers can purchase better mining equipment and expand their workforce using money earned from selling mineral resources. Making such investments is also a key part of NuggetRush's (NUGX) gameplay.
Furthermore, the game will also reward players with more NFT assets, which possess value both in the game and outside. Players who don't sell their game collectibles can earn money from staking their NFTs. The ROI of NFT staking on NuggetRush (NUGX) goes as high as 20% APY.
The time to join NuggetRush's blockchain ICO is running out, as the project just entered round five of its presale. It has sold 161 million tokens since its presale kicked off. After jumping by 80% from its first price, NUGX now sells at $0.018. NUGX will get listed after its 11.1% increase to $0.020.
Data from Santiment has shown growing on-chain network activity on Dogecoin ((DOGE). The report showed that Dogecoin's trading volume has soared since the start of January 2024. Dogecoin's social dominance has risen from 1.14% to 3.45% since early January.
The news comes amid Dogecoin's mixed performance in 2024. DOGE's January 1 value was $0.09202. Two weeks later, DOGE had fallen by 13.0% to $0.07998 as of January 14. DOGE then jumped by 9.8% to $0.08789 by January 20.
Dogecoin (DOGE) is still the largest meme coin in the crypto industry. Some analysts say its recent on-chain metrics increase could signify a potential recovery for the meme coin industry. Despite competition from other community-driven meme coins, analysts expect Dogecoin to keep growing, especially if its network activity remains high. This could push DOGE up by 10.4% to $0.09709.
After a spectacular increase in 2023, The Sandbox (SAND) has shown a glimpse of expected milestone growths in 2024. Sebastien Borget, The Sandbox's COO, revealed that the network will launch over 50 new collections. It would also offer a new tool to help creators launch their NFT collections.
Finally, he revealed that The Sandbox's (SAND) blockchain would launch eight new metaverse neighborhoods. The news preceded The Sandbox's (SAND) slight January decline. SAND traded at $0.5775 on December 30. A week later, SAND fell by 18.7% to $0.4691 by January 7. It recovered by 10.6% to $0.5192 on January 16. However, SAND fell again, dropping by 6.2% to $0.4870 as of January 20.
The Sandbox's (SAND) plans for expansion in 2023 followed significant network upgrades in 2023. Over five million user wallets joined The Sandbox in 2023. Furthermore, daily gaming play-time on the network recorded a 20% year-on-year increase.
Analysts say network upgrades on The Sandbox could push SAND up by 25.4% to $0.6107, further cementing its position as one of the top DeFi projects.
