TLDR
- After an 850% price surge, will the price of ORDI experience another surge?
- The trading volume of NFT increased to $1 billion as the market turned bullish.
- NuggetRush has also entered its third presale stage, exciting users.
Excitement in the crypto market has returned, with NFT trading volume surging to $1 billion. Amidst the bull run, ORDI saw an 850% price surge. In other exciting news, NuggetRush (NUGX) has entered its third cryptocurrency ICO stage. Let’s find out why these developments have raised excitement in the crypto space.
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Excitement As NuggetRush Enters Third Presale Stage
NuggetRush has emerged as one of the most exciting new ICOs because of its real-world use case. NuggetRush is a GameFi project where players enter as virtual mining characters. The in-game rewards they earn can be exchanged for real-world assets like Gold and NUGX, the ERC20 coins of the platform.
NuggetRush pulls ahead of other GameFi projects by including impact gaming. A portion of the rewards will be sent to help deserving communities like artisanal miners in underdeveloped countries. This utility makes NuggetRush one of the best DeFi projects and that is why the crypto community is excited about the process of its presale.
In addition, the project’s smart contract will be renounced just after its launch, giving the community control over the project. In its third presale round, the platform’s utility token, NUGX, now trades at $0.013 per token. However, analysts have predicted that it could be the best new crypto to invest in for the bull market. NUGX has been projected to increase by up to 100x in the bull market.
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NFT Trading Volume Surges To $1 Billion
The excitement in the cryptocurrency market has also benefited the non-fungible token (NFT) sector. DappRadar reported that trading volumes of NFT have surged to $1 billion in November, higher than every other month in 2023.
In addition, the average value of NFT transactions increased to $270, up from $126. Some of the trending NFTs of November include Van Gogh’s painting, BOOGLE, Uniswap V3 positions, and Tribul collection.
Will ORDI (ORDI) Rise Again?
Ordinals are similar to ERC20 coins on Ethereum as they brought NFTs to the Bitcoin blockchain. ORDI was launched as a token to represent Ordinals on the Bitcoin blockchain. As the Bitcoin price increased in November, Ordi experienced an 850% price surge.
As a result, ORDI became the first BRC-20 coin to hit a market cap of $1 billion. However, it has dropped from $68.00 to $51.00 in December. Despite this drop, analysts have remained bullish about ORDI because the price of Bitcoin could continue to increase deep into 2024.
Final Thoughts
The bullish sentiment in the cryptocurrency has been good for NFTs, ORDI, and NuggetRush. However, given its more practical use, NuggetRush is quickly becoming a favorite of crypto investors. The growing excitement about the project has made NUGX one of the top altcoins to watch for in the bull market.
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