TLDR
- Polygon (MATIC) upgraded its zkEVM network without network delay or congestion.
- The recent departure of Binance’s CEO has significantly reduced positive investor sentiment towards the exchange.
- NuggetRush (NUGX) could become one of the hottest cryptocurrency investments after a recent 30% increase.
Despite excitement over the recent zkEVM upgrade, Polygon (MATIC)’s bullish momentum has slowed significantly. BNB also experienced a decline in investor sentiment due to former CEO Changpeng Zhao’s money laundering controversy.
Investors are now trying to make up for their losses. Nugget Rush (NUGX) After revealing the high rewards for participating in the virtual mining adventure game. The value of NUGX has already increased by 30%. But would NUGX be a better investment than most new ICOs?
Let’s discuss!
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Polygon declines despite excitement over latest zkEVM upgrade
The cryptocurrency market is going strong. However, some top altcoins, such as Polygon (MATIC), have lost significant market momentum. Polygon (MATIC) started November with a strong rally. By November 23, Polygon (MATIC) completed a seamless upgrade to its zkEVM network.
MATIC was trading at $0.668 on November 1. Almost two weeks later, on November 14, MATIC rose 36.9% to $0.915. Polygon’s zkEVM upgrade on November 23 caused MATIC to fall 18.2% to $0.748.
Polygon’s zkEVM surges in popularity in 2023. Since launching in late March, it has processed more than 8 million transactions. Analysts say Polygon’s increased zkEVM usage will help reverse MATIC’s slow momentum. They concluded that MATIC could end the year trading at $0.893, up 19.3%.
BNB may fall to September low due to Binance CEO’s departure
On November 28, 2023, the BNB community received news that Changpeng Zhao had resigned from Binance. The former CEO left the company after appealing for the exchange’s violation of anti-money laundering laws to be overlooked.
This news further weakened the momentum of BNB, which had been falling for several days. BNB was trading at $231.72 on November 2nd. A week later, on November 9, BNB rose 8.5% to $251.51. However, on November 28, BNB fell a further 8.6% to $229.69.
Some analysts are predicting that Binance’s trading activity will decline further due to the current controversy. Now Binance’s current CEO faces the task of convincing investors that the company is operating within the law. If trading activity on Binance declines further, BNB could fall 6.5% to $214.54.
NuggetRush: Come join the virtual gold rush
NuggetRush (NUGX) is a virtual mining adventure where players can earn several valuable rewards, including gold.
The game will be released on Ethereum. It features a world of artisanal mining experts, entrepreneurs, and mineral-rich lands. NuggetRush (NUGX) tests players’ decision-making and resource management skills while offering big monetary rewards to players.
NuggetRush offers challenges, battles, ranked play, and even tournaments. The core goal of the game is to establish a profitable mining venture. Players use NFT characters to complete mining tasks.
After each task, NuggetRush rewards players with collectibles and in-game currency. One of the great features of NuggetRush (NUGX) is that it offers a hyper-realistic mining experience. Additionally, players can easily work together to complete mining tasks to receive higher rewards.
P2E and embedded revenue
Players can stake NuggetRush NFTs to increase profits without having to sell off in-game collectibles. Analysts say adding these features could make NuggetRush one of the best DeFi projects. Other benefits of holding NUGX tokens include governance rights and access to restricted areas within the game.
NUGX entered its third pre-sale, up 30% from its original price of $0.01. By round 4, the value of NUGX will increase by 15.3% from the current price of $0.013 to $0.015. Analysts say this growth makes NUGX one of the best cryptocurrencies to buy in November 2023.
Visit the NuggetRush pre-sale website