Polygon

Avalanche

Rewards

<div class="coinjournal">
 <ul>
  <li>Avalanche will lay off 12% of its employees despite the ongoing rally of its AVAX token.</li>
  <li>Polygon is also suffering from declining NFT sales. Yet, Polygon’s MATIC token has maintained its bullish performance.</li>
  <li>NuggetRush (NUGX)&nbsp;offers the opportunity to win gold and other financial rewards via its play-to-earn mining adventure.</li>
 </ul>
 <p>NFT sales have slumped in the past few weeks. Yet <a rel="noopener noreferrer nofollow" title="Polygon" href="https://thebittimes.com/tag/polygon.html">Polygon</a> has remained bullish because of its zkEVM. In contrast, Avalanche has confirmed it would lay off 12% of its workforce, largely due to the effects of the bear market.</p>
 <p>Still, a project called&nbsp;NuggetRush (NUGX) is pulling investors from all market sectors. Analysts say&nbsp;NuggetRush’s&nbsp;unique offering to the&nbsp;play-to-earn sector&nbsp;could make&nbsp;NUGX&nbsp;a&nbsp;top ICO&nbsp;project. Will these analysts be proven right? Let us discuss.</p>
 <h2 id="nuggetrush-bridging-defi-and-gamefi-through-nft-staking">NuggetRush bridging DeFi and GameFi through NFT staking</h2>
 <p>Earning rewards for game activity and enjoying more control over game assets is the goal of GameFi. Yet, very few projects can capture that essence like&nbsp;NuggetRush. The game leverages Ethereum’s blockchain technology and&nbsp;high-end game mechanics&nbsp;to produce an adventurous experience with several rewards.</p>
 <p>NuggetRush (NUGX)&nbsp;captures the entire mining experience. Players will dig shafts, build tunnels, and use several soil sampling techniques. Using&nbsp;NuggetRush’s (NUGX)&nbsp;character NFTs, players must&nbsp;start and sustain&nbsp;a booming mining business.&nbsp;</p>
 <p>Furthermore, gamers will make wise investment decisions to ensure their mines stay profitable. Some of the character NFTs will have&nbsp;sharp business skills&nbsp;to aid players in their mining adventure.</p>
 <p>Players can enjoy the mining experience alone or in groups. They can also compete against other groups of players in&nbsp;battles,&nbsp;ranked plays, and&nbsp;quests.&nbsp;</p>
 <p>Group rewards are shared after players complete challenges. Rewards include&nbsp;in-game money,&nbsp;NFTs, and&nbsp;improved machinery. Players can trade these rewards for money on&nbsp;NuggetRush’s&nbsp;marketplace.</p>
 <p>NuggetRush&nbsp;plans to launch its mining game after its&nbsp;NUGX&nbsp;token is listed. Currently,&nbsp;NuggetRush&nbsp;is in Round 2 of its presale, costing $0.012. By Round 3,&nbsp;NUGX’s&nbsp;value would&nbsp;increase by 8.3%&nbsp;to $0.013.&nbsp;NUGX&nbsp;will then be listed when it reaches $0.020.</p>
 <h2 id="avalanche-confirms-staff-cuts">Avalanche confirms staff cuts</h2>
 <p>On November 7, 2023, Avalanche’s CEO and founder, Emin Gun Sirer, confirmed that the company would be&nbsp;laying off 12%&nbsp;of its staff. Avalanche’s CEO pinned the staff cuts on the&nbsp;need to reallocate resources&nbsp;and double down on the growth of its ecosystem.</p>
 <p>Avalanche’s staff cuts come amid AVAX’s&nbsp;recent price increase.&nbsp;AVAX was trading at $9.73 on October 1. However, AVAX had risen by 25.4% to $12.21 by November 1. It remained bullish,&nbsp;rising by 7.1%&nbsp;to $13.08 on November 6, a day after Avalanche’s CEO confirmed the employee cuts.</p>
 <p>Despite AVAX’s recent rally, Avalanche’s CEO admitted that recent bear markets had&nbsp;affected the network’s development. He further said that while bear markets were difficult to navigate, Avalanche would use available resources to&nbsp;advance its ecosystem.&nbsp;</p>
 <p>Some analysts say the recent employee cuts could dampen AVAX’s growth prospects. &nbsp;They further conclude that AVAX could&nbsp;fall by 22.8%&nbsp;to $10.09 due to disappointment around Avalanche’s workforce reduction. AVAX might not be a&nbsp;good <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> to buy&nbsp;now because of its expected market drop.</p>
 <h2 id="polygon-matic-shows-resilience-despite-slump-in-nft-sale">Polygon (MATIC) shows resilience despite slump in NFT sale</h2>
 <p>NFT sales on <a rel="noopener noreferrer nofollow" title="Polygon" href="https://thebittimes.com/tag/polygon.html">Polygon</a> (MATIC), one of the most popular NFT projects, have declined since January. Data from OpenSea showed that <a rel="noopener noreferrer nofollow" title="Polygon" href="https://thebittimes.com/tag/polygon.html">Polygon</a> NFT sales dropped from $109.12 million in January to $4.5 million in October. However, despite the falling NFT sales, <a rel="noopener noreferrer nofollow" title="Polygon" href="https://thebittimes.com/tag/polygon.html">Polygon</a>’s market performance increased.</p>
 <p>MATIC was trading at $0.524 on September 30. By October 31, MATIC had&nbsp;risen by 21.3%&nbsp;to $0.636. MATIC maintained its bullish momentum,&nbsp;increasing by 15.5%&nbsp;to $0.735 on November 6.</p>
 <p><a rel="noopener noreferrer nofollow" title="Polygon" href="https://thebittimes.com/tag/polygon.html">Polygon</a>’s (MATIC) increasing performance amidst its&nbsp;declining NFT sales&nbsp;could be due to the adoption of its zkEVM scaling solutions. On November 4, one of <a rel="noopener noreferrer nofollow" title="Polygon" href="https://thebittimes.com/tag/polygon.html">Polygon</a>’s co-founders revealed that its zkEVM had&nbsp;completed 7 million transactions.&nbsp;</p>
 <p>Furthermore, <a rel="noopener noreferrer nofollow" title="Polygon" href="https://thebittimes.com/tag/polygon.html">Polygon</a>’s (MATIC) team has planned big upgrades to its zkEVM. Analysts conclude that the growing popularity of <a rel="noopener noreferrer nofollow" title="Polygon" href="https://thebittimes.com/tag/polygon.html">Polygon</a>’s zkEVM could boost MATIC&nbsp;by 11.9%&nbsp;to $0.823.</p>
 <p>For more information about the NuggetRush presale, visit the NuggetRush Presale Website.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/forecasting-the-next-crypto-wave-insights-on-possible-investment-opportunities-nugx-avax-matic-tbt69830.html">https://thebittimes.com/forecasting-the-next-crypto-wave-insights-on-possible-investment-opportunities-nugx-avax-matic-tbt69830.html</a></p>

Forecasting the next crypto wave: insights on possible investment opportunities (NUGX, AVAX, MATIC)

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