Investing.com | Editor Hari G
Revealed Nov 07, 2023 03:22
Regardless of a major drop in Non-Fungible Token (NFT) gross sales on the OpenSea platform, Ethereum (ETH) and Polygon (MATIC) have proven resilience out there, pushed by anticipation of Bitcoin Spot ETF approval, new partnerships, elevated Ethereum staking, and zkEVM adoption.
NFT gross sales for Ethereum plummeted from $659 million in January 2023 to $74 million by September, whereas Polygon’s gross sales dropped from $109.12 million to $4.5 million throughout the identical interval. Regardless of this downturn, each cryptocurrencies demonstrated improved market efficiency in October. ETH elevated by 8.7%, whereas MATIC rose by 14.3%. If community exercise continues to rise, analysts predict that ETH may improve by 17.1% to $2,120 and MATIC by 42.2% to $0.923.
In distinction to the decline in OpenSea’s NFT gross sales, NuggetRush (NUGX) is getting ready to launch a play-to-earn mining recreation with excessive incomes potential. The sport incorporates a richly detailed digital panorama with NFT characters resembling expert miners and enterprise professionals. Gamers will mine mineral assets and obtain real-world rewards by way of NFT to gold conversion utilizing the NUGX token, which is at present in its Preliminary Coin Providing (ICO) presale stage. Given its development prospects, analysts consider that NUGX is without doubt one of the most promising new ICOs available on the market in the present day.
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Written By: Investing.com