ARB Sees a Spike in Trade Activity; XMR Gains Traction; NUGX Emerges as a Strong Presale Contender
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
- Arbitrum’s (ARB) network activity has surged over the past few weeks, indicating a possible rally.
- Monero’s (XMR) trading activity is on the rise despite its recent network attack.
- NuggetRush (NUGX) has revealed plans for a unique play-to-earn game that offers rewards through a hyper realistic mining experience.
Arbitrum’s (ARB) daily user count has risen alongside its trading activity. Similarly, Monero (XMR) has maintained high network activity despite its security breach in September. Now, analysts wonder if both tokens can capitalize on current market bullishness.
NuggetRush (NUGX) is also gaining traction as it entered round two of its presale. It has already appreciated by 20%, but will that make NUGX a top ICO? Let’s see what its backers say.
Arbitrum (ARB) dApps Record Improved Performance
Data from the Token Terminal released on November 6, 2023, showed a surge in Arbitrum’s daily active users and revenue. Arbitrum’s daily user count averaged 50,000 by mid-October.
However, it had risen significantly to an average of 100,000 users by November 5. Revenue generated on Arbitrum (ARB) had also grown by 6.9% during the same period. Arbitrum’s rising network activity coincides with ARB’s recent market growth. ARB was trading at $0.819 on October 9. However, ARB rose by 37.1% to $1.123 by November 6.
Arbitrum (ARB) has recently become one of the most popular layer-two networks. Analysts agree that Arbitrum’s rising network activity points to its growing popularity. Furthermore, they expect Arbitrum’s popularity to rise, potentially taking ARB up by 28.4% to $1.543. If ARB rises further, it could be one of the top DeFi projects to buy.
Monero (XMR) Suffers Network Attack
On November 2, 2023, Monero (XMR) revealed that it had suffered a network attack on September 1. The hackers drained Monero’s community wallet of 2,675.73 XMR, costing around $460,000. The drained wallet belongs to Monero’s community crowdfunding system.
However, the network clarified that no other wallet was affected.
Despite the September 1 hack, Monero maintained strong bullishness. XMR was trading at $149.16 on October 1, a month after its network hack. By November 2, XMR had risen by 14.6% to $171.01 after the network confirmed the hack.
Some analysts say the hack could affect Monero’s (XMR) reputation as a privacy network. This could reduce Monero’s network activity that had gone up following the launch of its Bitmain ASIC miner. If Monero suffers reduced network activity, XMR could fall by 6.7% to $159.43. If XMR drops further, it might not be a good crypto to buy.
NuggetRush: Ethereum-Based Mining Adventure Rivals Top Projects with 20% Growth
NuggetRush (NUGX) aims to capitalize on the rising demand for play-to-earn games in the past few years. Via its adventure-backed mining experience, NuggetRush (NUGX) invites the Web3 community to earn incredible rewards while testing their gaming skills. It offers a world of diverse NFT characters equipped with mining skills and business acumen.
Players earn rewards for running a smooth and efficient mining enterprise. NFT characters and machinery affect a player’s reward-earning potential. Players can earn more rewards by upgrading their character NFTs and machinery. Upgrades also increase the financial value of NFTs.
Gamers can also win RUSHGEM NFTs, which they can swap for gold. Better still, NuggetRush offers partnerships that will handle the delivery of gold rewards to investors. Furthermore, players can earn money from staking their NuggetRush NFTs.
However, players will have to wait until NuggetRush (NUGX) launches the mining game. That would occur when NUGX is listed on exchanges after its price reaches $0.020. NUGX currently costs $0.012 as it just entered Round 2 of its presale. NUGX will rise to $0.013 by Round 3 of its presale, growing by 8.3%.