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TLDR
- Monero’s (XMR) recent wallet hack might have reduced its investor sentiment in November.
- Bitcoin Cash (BCH) falls following delisting from EDX markets.
- NuggetRush (NUGX) has sold over 60 million tokens despite being in the second round of its presale.
Bitcoin Cash supporters were disappointed after EDX markets delisted BCH in early November. Monero (XMR) has also struggled with declining investor sentiment after news of its recent community wallet hack.
Now, investors of both projects are considering NuggetRush (NUGX) as a haven where they can recoup their losses. NuggetRush is a mining adventure that promises high rewards and the opportunity to win gold.
However, does NUGX have what it takes to become a top ICO project? Let’s discuss.
Monero (XMR) Struggles to Reach $180 Amid News of Wallet Hack
Monero (XMR) has struggled to reach the $180 mark despite the ongoing bullishness in the crypto market. News around spot Bitcoin ETF applications has increased investor sentiment for many projects like Monero.
Yet, Monero’s performance has declined sharply. XMR was trading at $171.64 on November 1. By November 26, XMR had dropped by 1.8% to $168.40.
Some analysts pin Monero’s (XMR) slow market performance on one of its recent network hacks. On November 2, the Monero (XMR) team revealed that hackers attacked its community wallet, leading to the theft of funds.
Experts say the news could have reduced investor sentiment over fears of Monero’s (XMR) network vulnerability. This could drop XMR by 4.7% to $160.43.
NuggetRush: Gold, NFTs Among Rewards offered in Adventure-Packed Mining Experience
NuggetRush (NUGX) is not your typical play-to-earn game. It features a hyper realistic terrain full of mineral resources and skilled NFT characters. Its objective is to build a successful business out of finding and excavating mineral resources. The NFT characters in NuggetRush have mining and business management skills to aid players on their mining adventures.
One of the standout features of NuggetRush is its gameplay modes. Both solo and group challenges are on offer on NuggetRush. Players can either complete mining tasks alone or join mining groups. An advantage of joining groups is that it increases a player’s mining efficiency and reward-earning potential.
Furthermore, players can collaborate with skilled miners to further boost their mining efficiency further. NuggetRush (NUGX) comes with in-game currency, NFT characters, and mining equipment. Furthermore, NuggetRush offers an efficient marketplace where players can buy or sell in-game collectibles.
Players can upgrade their in-game collectibles before placing them on sale to get higher value from their NFTs. Finally, NuggetRush offers gold rewards to players who win RUSHGEM NFTs. Many play-to-earn enthusiasts are waiting for NuggetRush’s (NUGX) official launch to start participating in the rush for rewards.
However, NUGX’s blockchain ICO is still ongoing. NUGX is in round three of its presale and selling for $0.013. NUGX will also keep growing until it reaches its listing price of $0.02.
Bitcoin Cash (BCH) Delisted from EDX Markets
On November 2, 2023, EDX markets announced that it would no longer offer support for Bitcoin Cash. The news sent shockwaves through Bitcoin Cash’s ecosystem, thus reducing its investor sentiment.
Bitcoin’s Cash’s delisting coincides with the market’s bullishness in November. BCH traded at $235.52 on November 2 after EDX markets delisted it. By November 26, BCH’s value had fallen by 3.6% to $226.91.
Analysts pin BCH’s decline on disappointment around its delisting on EDX markets. Yet, some analysts expect Bitcoin Cash’s (BCH) investor sentiment to rise again due to its relationship with Bitcoin.
Experts have observed that proof-of-work networks like Bitcoin Cash and Stacks tend to rally whenever Bitcoin is rallying. Despite Bitcoin Cash’s (BCH) reduced investor sentiment, they say BCH will close at $312.45, falling by 37.6%.
If Bitcoin Cash (BCH) falls further, it might be a good crypto to buy now.
