TLDR

• Avalanche (AVAX) plans to invest in meme tokens in 2024.
• USDT activity on Tron (TRX) has skyrocketed with a new token circulation milestone.
• NuggetRush (NUGX) will offer gold rewards, community participation perks and NFT staking benefits on its mining game.

Avalanche’s meme coin investment plans could add to AVAX’s recent bullish momentum. USDT circulation on Tron (TRX) has surpassed $50 billion.

Yet, NuggetRush’s (NUGX) mining game is more popular after its presale sold nearly 159 million tokens by its fifth round. NUGX’s value has also grown by 50%. Yet, can that make it one of the top crypto coins in 2024? Let’s hear from market experts.

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NuggetRush: Leading the Next Generation of Play-to-Earn Networks

NuggetRush (NUGX) is undoubtedly one of the most exciting revelations in the gaming industry. It comprises a mining experience packed with NFT characters, mineral-rich lands, and gold rewards. NuggetRush (NUGX) takes the notion of earning money from NFT gaming to another level.

Completing mining challenges on NuggetRush (NUGX) will earn you valuable rewards. However, you need a competent team of miners and quality machinery. The game’s marketplace features mining resources ranging from workers to machinery and other game collectibles. A good way to stack rewards easily is to set up multiple mining operations.

You can collaborate with other gamers to earn more rewards. This is especially helpful for new players and gamers without any mining experience. You also enjoy mining efficiency boosts when you complete group challenges. Another standout reward on NuggetRush (NUGX) is RUSHGEM NFTs. Gamers who find RUSHGEMS can swap them for real gold on the game’s marketplace.

After selling 159 million NUGX tokens, NuggetRush looks set to become one of the most popular NFT projects. Token sale revenue from its blockchain ICO has exceeded $1.8 million despite NuggetRush being in round five of its presale. NUGX token trades at $0.018 after growing by 80% from its first value!

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Avalanche Holders Excited Over Network’s Plan To Invest In Meme Tokens

On December 29, 2023, Avalanche  (AVAX) announced that it would be investing in community-driven meme coins. Avalanche’s announcement followed the growth of meme coin assets in the final months of 2023. BONK skyrocketed, triggering demand for meme coins. Furthermore, Avalanche’s plan to invest in meme coins could boost AVAX’s current performance.

AVAX traded at $22.24 on December 2. Following Avalanche’s announcement on meme coin investments on December 29, AVAX jumped by 80.8% to $40.21. AVAX then lost bullish momentum, falling by 11.4% to $35.59 as of January 16.

Avalanche (AVAX) became one of the most popular blockchain networks in early 2024 after Inscription activity on its network skyrocketed. Analysts say Avalanche’s (AVAX) popularity will rise if its meme coin investments are profitable. This could boost trading activity on Avalanche, pushing AVAX up by 35.1% to $48.09.

Tron Community Jubilates as USDT Circulation on Tron Reaches $50 Billion

Data from TronScan shows that the total USDT circulation on Tron (TRX) has surpassed $50 billion. The figures are consistent with growing stablecoin activity on Tron. Furthermore, the news triggered excitement within Tron’s (TRX) community amidst the negative sentiment the network has faced since late 2023.

Tron faced negative investment sentiment after a report that showed that criminal group activity on Tron had increased. TRX sold at $0.1033 on December 2. Four weeks later, TRX had jumped by 4.9% to $0.1084 by January 2. TRX jumped by 2.5% to $0.1112 by January 14 before falling by 2.7% to $0.1081 as of January 18.

Analysts say rising USDT activity on Tron (TRX) indicates growing DeFi activity. Furthermore, they expect this trend to continue as the market enters a bull run after the recent approvals of spot crypto ETFs. If DeFi activity rises further, demand for USDT will jump, leading to a corresponding increase in Tron’s (TRX) blockchain activity. This could increase TRX’s value by 17.0% to $0.1265.

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