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- Cryptocurrencies
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- Industry
- Geography
Avalanche (AVAX) has emerged as a resilient force with a stable network, substantial staking ecosystem, and heightened development activity. Meanwhile, Cardano (ADA) is capturing attention with a remarkable surge in trading volume, underlining growing investor interest.
In the gaming realm, NuggetRush (NUGX) is disrupting traditional industries by combining adventure with community growth. Can NuggetRush keep thriving to compete with Avalanche and Cardano? Let's find out here.
Avalanche (AVAX) has been making significant strides in the crypto space, supported by a surge in its price. Interestingly, Avalanche's (AVAX) network activity has remained stable, imitating its performance at the end of October. This performance includes a high transaction speed of 210 and a total gas usage of 6.98 trillion last week.
Moreover, Avalanche's (AVAX) daily active addresses and value capture in terms of revenue and fees have increased significantly.
The staking ecosystem of Avalanche (AVAX) is solid, with a staking ratio of nearly 60% and staking rewards at 7.84%. Also, Avalanche has more than 85,000 staking wallets and at least 248 million AVAX tokens staked.
Elsewhere, Avalanche's (AVAX) development activity has increased recently, proving developers' efforts to improve the network. AVAX's price volatility and social volume remained strong because of the price increase.
On November 10, 2023, Avalanche (AVAX) was trading at $14.48. Analysts expect Avalanche (AVAX) to rise to $15.75 by the end of 2023, powered by developments on its network. Hence, it is among the best coins to invest in currently.
NuggetRush (NUGX) fuses adventure with a way to reward and grow a community of like-minded users. The platform is developing an ecosystem focusing on adventurous play-to-earn (P2E) games.
Gamers are required to discover and extract mineral resources, earning rewards of financial value. Furthermore, NuggetRush (NUGX) offers gamers unique non-fungible token (NFT) characters, catering to a diverse audience that features skilled miners and business professionals.
The NFT characters and machinery offered to the gamers on NuggetRush (NUGX) support the exploration of unexplored areas and assist in extracting valuable mineral assets.
NuggetRush (NUGX) strives to provide an immersive gaming environment with realistic mechanics, guaranteeing active engagement from users. Thus, the project ranks among the top GameFi coins in the market.
On that note, NuggetRush (NUGX) surpasses the boundaries of a simple game. Its other objective is to launch a fully functional NFT marketplace, empowering gamers to customize and trade their avatars. The initiative positions NuggetRush (NUGX) as a transmitter and producer of the best NFTs to buy now.
NuggetRush (NUGX) also partners with gold providers, sending RUSHGEM winnings directly to a player's preferred destination, creating a tangible connection to physical world assets. Interestingly, NuggetRush (NUGX) aims to create massive P2E gaming ecosystems and P2E gaming networks.
Currently, in Round 2 of its presale, NUGX trades at $0.012, a 20% profit for round 1 investors who acquired the coin at $0.010.
Cardano (ADA) seems to be turning heads in all excitement in the crypto space. Notably, the coin's trading volume increased by over 100% in three days, a sign of intensifying investor interest.
Cardano (ADA) is surviving through the ups and downs of market prices as it enhances its tech capabilities. The team is introducing new features, including Partner Chains and Midnight, and improving the existing ones. This strategy could help Cardano (ADA) survive in the dynamic crypto market.
Elsewhere, Cardano's (ADA) total value locked in DeFi applications increased by over 50% to reach $250 million. This increase proves that people are getting behind Cardano (ADA), with most of them engaging in staking.
Cardano (ADA) is considering cutting its treasury tax considerably, from 20% to only 5%. While this could mean more rewards for Cardano (ADA) holders and increase network engagement, it might reduce available funds for expansion and new developments.
With all these developments, Cardano (ADA) was trading at $0.3815 on November 10, 2023. Analysts expect ADA to rise to $0.4545 by the end of 2023, supported by increased demand and developments on its network.
