TLDR
- Investors are impressed with Beam’s February recovery.
- Chiliz (CHZ) has also jumped to the $0.10 range.
- NuggetRush (NUGX) has sold nearly 200 million tokens as its presale glory continues.
Beam has launched its bridge to Ethereum. Paris Saint Germain (PSG) has joined Chiliz as a validator.
NuggetRush (NUGX) has also gone a step closer towards launching its mining game after selling over 199 million tokens. Its mining adventures will offer gold rewards to gamers once it goes live. Yet, can NUGX join the best cryptocurrency investments of 2024? Let’s discuss.
BeamPrivacy Records February Surge
Beam has enjoyed increased investor sentiment in mid-February, continuing its late 2023 surge. Like many top altcoins that rallied at the end of 2023, Beam recorded a price decline in January.
However, Beam has now recovered amid increased interest in its privacy tokens. BEAM traded at $0.09929 on January 15. It jumped by 3.9% to $0.1032 on February 9. BEAM fell by 5.4% to $0.09756 on February 12 before jumping by 14.5% to $0.1118 on February 23.
Analysts expect a jump in Beam’s services following the launch of its bridge to the Ethereum ecosystem. The bridge would enable smooth cross-chain transactions between both networks.
Furthermore, demand for privacy coins is rising, as evidenced by Litecoin’s launch of Mimblewimble. Such demand could increase FOMO around BEAM, potentially pushing its price up by 34.9% to $0.1509.
Chiliz Partners with PSG Soccer Team
Chiliz (CHZ) has announced that Paris Saint-Germain (PSG), a French soccer club, would join its network. PSG would become a validator on the Chiliz chain. Furthermore, PSG announced that it would spend its revenue from validating Chiliz on buying fan tokens. The move represents Chiliz’s (CHZ) plans for network expansion.
The excitement around the news could boost CHZ’s recent performance. CHZ traded at $0.07759 on January 8. Over two weeks later, CHZ jumped by 38.9% to $0.1078 on January 25. CHZ fell by 7.9% to $0.09923 on February 5 before a 27.1% increase to $0.1262.
Chiliz (CHZ) could jump further due to plans for its Tokenomics 2.0 model. The upgraded tokenomics model would include a gradual decline in its annual inflation rate and a perpetual token burn mechanism.
Increased token burns could boost demand for Chiliz, thus pushing CHZ’s value up by 23.2% to $0.1555. Furthermore, such price increase would boost its standing among other altcoins.
Experts Reveal Bewilderment as NuggetRush’s Presale Reaches New Highs
NuggetRush’s (NUGX) combination of valuable gaming rewards and challenging mining experiences will soon be available for crypto gamers. When it launches, gamers will easily set up mining gigs in its ecosystem, earning high-value rewards.
A key aspect of the gameplay on NuggetRush (NUGX) is equipping yourself to have a mining operation. This involves the purchase of machinery and workers from the game’s marketplace. Skillful selection of game assets is necessary. Characters possess different levels of skill, luck, and rarity.
NuggetRush’s (NUGX) NFT assets are also part of the valuable financial collectibles in the game. You can sell your NFT avatars to other gamers, earning money for your game collectibles. Players can also reap up to 20% APY if they stake their NuggetRush (NUGX) NFTs for a fixed period.
NuggetRush (NUGX) could be about to eclipse many other gaming altcoins. Its blockchain ICO has sold nearly 200 million NUGX tokens despite being less than two months away from the project’s official launch. Decentralized exchanges will list NUGX after a value pump to $0.020, a 5.2% increase from its current value of $0.019.