Key Takeaways:
- Privacy coins keep their users completely anonymous, thus increasing the privacy of transactions.
- NuggetRush could become one of the top meme coin projects thanks to the upcoming launch of its mining game.
- Monero’s recent Bitmain miner has generated interest in its network. Elsewhere, ZCash has announced a partnership with Brave Browser.
Despite controversies about being delisted on Binance, demand for privacy coins has remained high. For instance, Monero’s recent Bitmain miner has generated renewed interest in its network and XMR.
Likewise, ZCash (ZEC) recently partnered with Brave Browser to improve its user privacy. Still, most analysts are more interested in NuggetRush (NUGX) and its plan to bring more rewards to play-to-earn gaming. Let’s see what that’s all about.
NuggetRush (NUGX): Changing the Narrative Around Memecoins
Built on Ethereum, NuggetRush (NUGX) is a gaming platform that provides an immersive mining experience. Its players start with a small piece of land and basic machinery. As they progress, the goal is to build a mining empire while finding valuable in-game collectibles.
NuggetRush’s (NUGX) gaming experiences include digging shafts, setting up tunnels, and operating machinery to extract valuable minerals and assets. The game allows collaborations between players and experienced miners.
It also offers multiple reward-earning opportunities, including tournaments, ranked play, battles, and quests. Furthermore, players earn rewards despite their level or in-game location. These rewards can be converted into valuable real-world assets.
For instance, RUSHGEM NFTs can be shipped to any location of the player’s choosing on NuggetRush (NUGX). Due to such unique benefits, NuggetRush’s blockchain ICO has become one of the most popular in the crypto community.
The project is yet to launch. However, investors are rushing to the presale to benefit from the bargain price. The NUGX token costs $0.010 in Stage 1 of its presale. By Stage 2, NUGX will have grown by 20% when it rises to $0.012.
Furthermore, all eyes are on NuggetRush’s upcoming launch, which will see NUGX’s value rise to $0.020, growing by 100% from its current valuation. Given its coming 100% increase, NUGX could be one of the top crypto coins in 2023.
Monero (XMR) Gets Boost From Bitmain Miner
Monero (XMR) got a mining boost on August 28, 2023, when Bitmain announced the launch of a new ASIC miner. The announcement sparked controversy as Monero (XMR) ‘faithfuls’ argued that ASIC miners would centralize mining activity in a few hands.
Monero’s new miner could also be behind XMR’s recent bullish run. XMR was trading at $145.25 on August 28 after the announcement. By October 22, XMR had risen by 9.4% to $158.96.
The new ASIC miner will boost the efficiency of Monero (XMR) mining. On the other hand, it could increase centralization concerns, reducing Monero’s network adoption. Still, analysts say XMR will rise by 4.0% to $165.32 as Monero’s mining activity increases. If XMR keeps rising, it could become one of the best cryptocurrency investments available.
Zcash (ZEC) Partners with Brave Browser
On September 22, 2023, Brave Browser partnered with Electric Coin Co and Filecoin to bring private transactions to its network. Brave Browser’s partnership with Zcash will allow the storage, sending, and receiving of ZEC and other cryptocurrencies.
Despite the recent partnership with Brave Browser, ZCash’s ZEC token has remained stagnant. ZEC was trading at $26.69 on September 22 after the announcement. By October 22, ZEC had fallen by 3.1% to $25.88.
Partnering with the Brave browser could boost ZCash’s publicity after Binance delisted ZEC briefly in June. For context, ZCash’s delisting was caused by controversy around privacy coins being used for criminal activity.
Binance has relisted ZEC, although the negative image around Zcash has remained. Some analysts say Zcash (ZEC) could be integrated into more private browsers in 2023. If that happens, ZEC could rise by 14.4% to $30.56.
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