The Upcoming P2E Sensation: Outperforming Avalanche and Terra Classic in December's Crypto Bull Run

Published: December 16, 2023 at 10:00 am Updated: December 16, 2023 at 8:27 am

In Brief

NuggetRush features an Ethereum-based gold rush. Yet, can NUGX become a top ICO by outperforming AVAX and LUNC?

TLDR

Avalanche (AVAX) has revealed a yearly spend of over $200 million on network validators.
Terra Classic has completed its long-anticipated network upgrade.
NuggetRush’s (NUGX) mining game could take over the play-to-earn landscape.

Avalanche (AVAX) has faced criticism over its recent spending on network validators. Terra Classic has also completed a major upgrade that resolves issues faced by its network validators.

Still, NuggetRush (NUGX) has attracted more investors than both projects. NuggetRush features an Ethereum-based gold rush. Yet, can NUGX become a top ICO by outperforming AVAX and LUNC? Let’s see what analysts think.

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NuggetRush: Mining Game’s Upcoming Launch Entices Investors

NuggetRush’s (NUGX) upcoming launch has dominated headlines in the crypto community. Its rising popularity follows the unveiling of an innovative mining game that offers a high-quality play-to-earn experience.

It features a gold rush that offers high rewards and an immersive gaming experience. Players will get to explore new territories and improve their mining operations while competing for the highest yield.

NuggetRush (NUGX) will require making strategic decisions and managing scarce resources as they build a profitable mining business. After finding resources, players will get a mining efficiency boost alongside high-value rewards. NuggetRush (NUGX) will give out NFTs and game funds after each successful mining challenge.

Like most play-to-earn games, NuggetRush (NUGX) allows the quick conversion of game rewards into financial value. Its marketplace offers easy sale of game collectibles and NFTs.

Players can improve their mining operations by purchasing better NFT characters and machinery. Furthermore, NuggetRush also offers gold rewards. Players might find special NFTs called RUSHGEM, which are directly swappable for gold on NuggetRush’s marketplace.

NUGX has surpassed many new ICOs by selling over 84 million tokens by round three of its ongoing presale. Its round one price was $0.01. But NUGX value has risen by 30%, reaching $0.013. NUGX will soar when it gets to its listing price of $0.02.

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Avalanche Reveals Premium Payment For Compensating Validators

Data from Token Terminal has shown that Avalanche paid over $275 million in AVAX tokens to compensate its validators. The report drew criticism from several quarters because Avalanche only generated $11.5 million in user fees over the same time frame.

The report comes amid AVAX’s meteoric rise since the start of November. AVAX traded at $12.21 on November 1. By November 30, AVAX had jumped by 75.1% to $21.39. AVAX soared by 73.3%, reaching $37.08 by December 10.

Some analysts say Avalanche’s (AVAX) high spending on staking might be unsustainable. However, Avalanche’s leadership has defended the spending, saying it was critical in maintaining network security.

Avalanche has grown by over 100% since the start of November, largely due to the bullishness in the crypto market. Demand for spot crypto exchange-traded-funds has jumped since November, leading to high trading activity for top altcoins like Avalanche. This could further push AVAX’s value up by 17.1% to $43.45.

Terra Classic Undergoes Major Upgrade

On December 8, Terra Classic (LUNC) validators successfully upgraded to v2.3.2. The upgrade would resolve the sequence mismatch issue that had affected validators on Terra Classic (LUNC) for a while. It would also introduce a Dyncomm module.

Terra Classic (LUNC) community members expect the upgrade to propel the token’s recent rally. LUNC was trading at $0.00006485 at the start of November. A month later, LUNC had risen by 80.5% to $0.0001171 by November 30. LUNC soared by 71.3% to $0.0002006 by December 10.

Terra Classic’s (LUNC) sharp rally since November signifies growing interest in the network. Furthermore, the recent bullishness over demand for spot crypto ETFs has also boosted Terra Classic’s performance.

Terra Classic (LUNC) network activity could jump further due to its recent upgrades. This could push LUNC’s value up by 24.9% to $0.0002506.

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About The Author

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.