Key Takeaways:
- Litecoin’s daily active addresses increased significantly in November.
- LTC's market performance has been underwhelming despite the market rally.
- NuggetRush (NUGX) has unveiled a mining project with valuable gaming rewards and NFT staking services.
Litecoin’s (LTC) market performance has been underwhelming despite its rising daily active addresses. LTC holders are turning to NuggetRush’s (NUGX) mining game after it raised more than $1 million in token sale revenue. The project is all about earning rewards from mining adventures. Yet, can NUGX outperform LTC to become one of the top crypto coins? Let’s discuss.
Litecoin Remains Stagnant Despite Increase in Network Activity
Network activity on Litecoin has risen since early November. The crypto market also entered a bull run in November. Yet, LTC’s market performance has remained stagnant.
Litecoin did rise in November before losing its bullish momentum. LTC traded at $68.95 on October 31. By December 1, LTC had jumped by 3.7% to $71.54. It rose by 7.8% to $77.14 by December 10. However, LTC fell by 8.2% to $70.80 as of December 18.
Litecoin’s active addresses soared to a six-month high of 1.4 million in mid-November. Some analysts pinned this increase on the growing adoption of the LTC-20 fungibility token.
Analysts expect Litecoin’s slow performance to reverse if the current market bullishness remains. They say Litecoin’s LTC token could jump by 10.9% to $78.55. Litecoin’s slow performance means it’s not a good crypto to buy now.
NuggetRush: P2E Enthusiasts Excited over NFT Staking Possibilities on Mining Adventure Game
NuggetRush (NUGX) is what the future of play-to-earn gaming looks like. It features a hyperrealistic world where players must conquer challenges, rise to the top of the artisanal mining leaderboard, and earn vast rewards.
NuggetRush (NUGX) is the perfect project for individuals who love the nitty-gritty of artisanal mining. It challenges players to get their hands dirty while searching for valuable mineral resources like gold. One of the standout features of NuggetRush (NUGX) is the ease of converting in-game assets to real-world financial value.
NuggetRush (NUGX) contains an NFT-packed adventure that rewards players at every step of the way, no matter their in-game position. Regular mining challenges range from simple to complex.
Players will participate in basic tasks like digging shafts and doing geophysical surveys. They will also rack their brains while assembling a competent team and investing in key mining infrastructure.
NuggetRush (NUGX) hands out game assets to players after completing challenges. Players can earn money from trading these assets among other gamers on its marketplace. Furthermore, they can stake their NFTs instead of selling, thus earning money while holding their game assets.
The popularity of NuggetRush’s blockchain ICO has soared, leading to a token sale revenue of nearly $1 million. NUGX’s value has also stunned investors after its spectacular 30% growth by round three of its presale!
