TLDR:
- Celestia (TIA) and Terra Classic (LUNC) have been correcting from recent highs. Still, the long-term outlook for the cryptocurrency markets remains positive.
- NuggetRush (NUGX) is gaining momentum, raising over $1 million in the ongoing presale, primarily because of what the project seeks to present to the broader crypto and blockchain communities.
- Celestia is a modular data availability platform that can host decentralized applications. Terra Classic is soaring due to community dedication and burning.
Though the crypto uptrend has been slowing down in recent days, with Celestia (TIA) and Terra Classic (LUNC) retracing from recent highs, an emerging project, NuggetRush (NUGX) continues to garner even more investors in the ongoing presale, considering the best ICO in 2023.
Celestia and Terra Classic have been edging higher, floating at the back of favourable fundamentals, mostly revolving around partnerships and renewed interest from optimistic supporters.
On the other hand, NuggetRush is gaining momentum, raising over $1 million in the last few weeks of the ongoing presale, primarily because of what the project seeks to present to the broader crypto and blockchain communities.
Celestia and Terra Classic Corrections
Celestia has been commanding crypto forums due to its model. The platform is a modular data availability that can host decentralized applications (dapps).
The blockchain uses data availability chains, lightweight blockchains that store headers of blocks from other networks.
Accordingly, Celestia is more scalable and efficient. Thus far, the network powers various solutions, including the community-facing ZKFair layer-2 network that aims to put users, not venture capitalists (VCs), at the forefront while using USDC to pay network fees.
Thus far, TIA, Celestia’s native token, was changing hands at around $13.07 on December 20.
It is up by over 450% from late October 2023, when it was listed on Binance. However, despite the leg up, TIA is down around 13% from December highs, though the uptrend remains.
Terra Classic is also soaring when writing in December, emerging as one of the top crypto coins. Due to the community’s dedication to reviving the blockchain, LUNC has been one of the top performers.
The team has also embarked on aggressive burning, which has taken a significant portion of the LUNC supply out of circulation.
Additionally, the launching of USDT perpetual contract trading on Binance, the world’s largest crypto exchange by trading volume, and the effort by Mint Cash to repeg USTC also propped prices.
As of December 20, LUNC is up by over 180% from October 2023 lows.
However, since early December, the coin has dropped after prices peaked. It is now down by over 40% from December highs of around $0.00027920.
NuggetRush Presale Success: Over $1 Million Raised
Despite the broader market correction, the presale for NuggetRush, an Etheruem-based platform aiming to launch a play-to-earn (P2E) game that utilizes non-fungible tokens (NFTs), has continued to attract attention.
As of December 20, NuggetRush had raised over $1 million from the more than 94.86 million NUGX distributed to early adopters.
In round 3 of the presale, NUGX is changing hands at 0.013 USDT. Early supporters are also in profit when writing, adding over 15%. At launch, in round 1, NUGX was available for 0.01 USDT.
At the end of the presale, the ERC-20 token will be trading for 0.02 USDT.
Then, early adopters will receive 100% of their initial investment before NUGX lists on major exchanges.
This growth potential is why supporters say NUGX is the best crypto to invest in in 2023.
NuggetRush aims to build an ecosystem of rewards, riding on the security of Ethereum. Through the platform’s robust infrastructure, NuggetRush will seek to bring utility and change the rap of meme coins.
The platform will ride on the meme coin culture but add utility through its P2E game, where participants will have fun and receive in-game assets, available as some of the world’s top NFTs.
These NFTs can be staked for rewards of up to 20% APY, with rewards distributed as NUGX.
Some of the platform’s rarest but best NFTs can be redeemed for real gold, delivered directly to the player.
Conclusion
Despite the recent corrections, the long-term outlook for the cryptocurrency markets remains positive, buoying emerging but potent projects like NuggetRush that continue to garner attention across the board.
Once the stringent SEC approves the first batch of Bitcoin ETFs, top altcoins like LUNC, NUGX, and TIA will likely continue increasing for 2024.
