- Celestia (TIA) has lost momentum despite its high staking activity in January.
- Chainlink (LINK) has also fallen sharply amid the market-wide price correction.
- NuggetRush’s (NUGX) presale sells nearly 167 million tokens.
Celestia has lost bullish steam despite rising to an all-time high of $19.00 in January. The recent market-wide dropoff has also affected Chainlink (LINK).
Investors are now turning to NuggetRush (NUGX) after its presale raised over $2 million. The mining adventure game packs several ways to earn real money. Yet, can NuggetRush (NUGX) join the top crypto coins in the gaming industry? Let’s find out.
NuggetRush crosses established P2E boundaries with rising presale
NuggetRush (NUGX) is the latest blockchain game to pique the interest of P2E gamers and cryptocurrency investors across the globe. The project will launch the first-ever blockchain game that promises an immersive mining experience and real-world financial rewards.
NuggetRush (NUGX) centres around a realistic mining adventure where players employ skilled miners and efficient machinery to earn valuable financial rewards. The gameplay involves building a mining team, recruiting better workers, surveying lands, buying machinery, and completing mining missions.
Players can collaborate to enjoy a multiplayer experience, earning extra NFT gaming rewards by joining mining partnerships and completing group tasks.
Besides NuggetRush’s (NUGX) enjoyable gaming experience, the project provides an exciting financial opportunity for players and investors. On one hand, players can trade their NFTs for real gold in the game’s marketplace. On the other hand, players can stake their NuggetRush NFTs to receive a 20% APY.
In addition, the NUGX token presents a high-value asset for careful investors. NUGX’s value has risen by 80% from $0.010 in round one to $0.018 by round five of its presale. It has already sold nearly 167 million NUGX tokens. The project’s blockchain ICO is ending soon, and NUGX will be listed shortly after. However, many investors are more excited about its 11.1% price jump to $0.020.
For more information about NUGX, visit the NuggetRush Presale Website.
Celestia losses grow amid high staking activity
Celestia’s (TIA) bullish momentum has dropped slightly despite being one of the top altcoins in the market since November 2023. After launching its mainnet services on October 31, 2023, Celestia (TIA) entered a bull run that lasted till the end of January 2024.
However, Celestia’s price momentum has fallen in the past week. TIA traded at $13.98 on January 1. Two weeks later, TIA rose by 36.1% to $19.03 on January 15. TIA then fell to $16.82 on January 21 before recovering by 10.4% to $17.05 by January 27.
Celestia’s (TIA) fall stunned investors as its network activity and coin staking remained high in January. Several investors increased the staking of Celestia tokens as new networks offered airdrops to TIA stakers.
Despite the fall, analysts say Celestia (TIA) will recover due to its recent partnership with Polkadot and Arbitrum. These partnerships could increase Celestia’s network activity, thus pushing TIA up by 13.4% to $19.35.
Chainlink falls amid market-wide drop-off
December 2023 was a very bullish month for altcoins like Chainlink (LINK). Interest in spot Bitcoin ETFs was very high, causing an increase in Chainlink’s trading activity. Data from CoinMarketCap showed that Chainlink’s market capitalization had grown from $4 billion to $9 billion between October to December 2023.
However, Chainlink’s (LINK) bullish momentum trailed off significantly in January. LINK sold at $15.54 on January 1. It fell by 11.7% to $13.71 on January 9. LINK recovered by 14.7% to $15.73 on January 17 before falling by 8.8% to $14.34 on January 27.
Chainlink’s (LINK) drop-off coincided with the recent market downturn. Bitcoin had fallen below $40,000 in the third week of January, causing a fall in trading activity for many altcoins. As a result, Chainlink’s market capitalization has fallen by $1.3 billion in January 2024. If Chainlink remains on its bearish trajectory, LINK could fall by 16.0% to $12.04.