TLDR 

Polygon (MATIC) has hinted at a possible partnership with a banking firm.
Ordi has recorded a sharp price correction despite its recent market leap.
NuggetRush (NUGX) has added great excitement to the play-to-earn community with its NFT-filled mining game.

Polygon’s (MATIC) network is abuzz over an expected partnership with a significant player in the banking industry. Ordi has declined despite being on a sharp rally since November 2023.

However, NuggetRush’s (NUGX) mining adventure game could become an investor favorite after unveiling NFT staking and gold-backed rewards. Its token price has jumped by 50%. Yet, can it become one of the best cryptocurrency investments? Let’s hear from NUGX backers.

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Polygon Hints at Major Banking Partnership

On January 3, 2024, Polygon’s (MATIC) Head of Institutional Capital, Colin Butler, teased a banking partnership to be announced on January 10. The news increased excitement within Polygon’s community.

Furthermore, it comes amid Polygon’s (MATIC) recent drop in January. MATIC traded at $0.7995 on December 1. Its trading activity soared, causing a 30.0% increase to $1.0396 by December 27. MATIC lost bullish momentum, falling by 17.9% to $0.8525 by December 5.

Polygon (MATIC) was one of the top altcoins in 2023 as its zkEVM scaling solutions became more popular. Analysts say a banking partnership could further boost demand for Polygon’s (MATIC) blockchain services. Furthermore, if DeFi activity picks up in Q1 2024, Polygon’s (MATIC) trading activity could jump significantly. This could push MATIC’s value up by 44.9% to $1.2353.

NuggetRush Set to Upend Dominant Players in the Gaming Industry

NuggetRush (NUGX) features a play-to-earn NFT gaming expedition designed with challenging mining adventures that offer NFT rewards. The game is an opportunity to become a professional artisanal miner in a virtual landscape packed with natural resources. Like traditional mining, NuggetRush (NUGX) players aim to earn money from trading resources on its marketplace.

Players must comb its terrains, setting up mining gigs and employing workers for efficient excavation of resources. The game’s challenges and quests test the critical decision-making and resource-management skills of players. Users will collect mining machinery while employing skilled workers. Examples of these workers include experienced miners like Maxwell StoneForge and Amelia Mia.

NuggetRush (NUGX) allows players to enjoy its mining adventures alone or as part of a group. The game offers solo quests where players must compete against other players in competitions and ranked plays. 

Gamers can also leverage community participation by engaging in group tasks. This would boost their mining efficiency and reward size. Many gamers are now understanding the size of NuggetRush’s (NUGX) potential.

Its blockchain ICO has sold over 140 million tokens after raising $1.6 million. Yet, NuggetRush’s (NUGX) presale is only in its fourth round. NUGX’s current value is $0.015 after a 50% increase since the launch of its presale. However, NUGX will increase by 20% to $0.018 in round five of its presale.

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Ordi Drops to the $60 Range in Early 2024

Ordi ended 2023 as one of the best-performing cryptocurrencies. Since November 2023, its trading activity has shot up. Ordi was then listed on Binance, thus triggering a sharper bull run.

However, Ordi’s momentum dropped in the first week of 2024. ORDI traded at $21.83 on December 1. By December 31, ORDI had jumped by 258.5% to $78.27. ORDI rose by 6.4% to $83.29 on January 2 before falling by 19.2% to $67.26 by January 6.

Ordi’s fall was part of a wider market dropoff that affected the crypto market. Bitcoin had also dropped to the $41,000 range. However, Bitcoin has recovered while ORDI remains in the $67.00 range.

Analysts say Ordi will rise when NFT activity increases in Q1 2024. Bitcoin Ordinal NFTs had become massively popular in 2023. Analysts expect such popularity to continue, increasing ORDI’s value by 33.7% to $89.97.

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The post Polygon and ORDI Show Downtrends, While NuggetRush’s Presale Sees Remarkable Success appeared first on Cryptonews.