- Chainlink (LINK) is experiencing a surge in whale activity, with $216 million withdrawn from Binance on February 17 by 83 wallets, indicating coordinated accumulation. Additional data on February 18 shows another $129 million in LINK stacked up by Chainlink whales.
- SpotOnChain analysis reveals a transfer of 3 million Polygon (MATIC) coins from a Hermez Network-associated wallet to Kraken, suggesting a potential sale as the wallet holds 16 million tokens. Polygon (MATIC) recently implemented its zkEVM upgrade, the Etrog Upgrade.
- NuggetRush (NUGX), the top NFT crypto in the metaverse, is revolutionizing GameFi by integrating impact gaming and supporting artisanal miners in developing nations. The project offers a unique gaming experience with NFTs doubling as game characters.
In the dynamic cryptocurrency landscape, three prominent projects have recently captured the attention of investors and enthusiasts alike: Chainlink (LINK), Polygon (MATIC), and NuggetRush (NUGX). Each project offers a unique proposition and has witnessed significant developments that warrant a closer look. Here is why NuggetRush dominates the crypto market, while Chainlink and Polygon are surging.
Chainlink (LINK): Riding the Whale Wave
Chainlink (LINK) is making waves with a recent surge in whale activity. On February 17, 2024, Crypto news and data showed that Chainlink (LINK) tokens worth $216 million were withdrawn from the Binance exchange by 83 wallets. This incident set the fundamentals for the token to surge on a parabolic trajectory.
Lookonchain analytics platform highlighted that the ongoing accumulation is a coordinated effort, with different wallets withdrawing huge amounts of Chainlink (LINK). While it is unclear whether one entity operates all these LINK wallets, the huge volume of tokens amassed suggests a massive shift in institutional participation within Chainlink’s network.
Elsewhere, IntoTheBlock data showed an extra $129 million worth of LINK stacked up by Chainlink whales on February 18. This increased buying pressure will push Chainlink (LINK) high soon. With all these developments, Chainlink (LINK) is back in the spotlight in the altcoins space. Despite these developments, the token is struggling to rise.
On February 18, Chainlink (LINK) was valued at $19.91, down 1.58% in the past week. Analysts say LINK will rebound to $23.15 by the end of the month, powered by increased whale adoption.
Polygon (MATIC): Scaling New Heights
According to SpotOnChain analysis, 3 million Polygon (MATIC) coins were transferred from a wallet linked to Hermez Network, highlighting a crucial signal as the wallet already holds 16 million tokens. The transfer of these Polygon (MATIC) tokens to the Kraken exchange points to a possible sale.
In 2023, Hermez Network, an open-source Zero Knowledge Rollup, merged with Polygon (MATIC), pushing Hermez to become Polygon Hermez.
Elsewhere, after a 10-day time lock in February 2024, Polygon (MATIC) highlighted that its latest zkEVM upgrade went live on the mainnet. Based on Polygon’s (MATIC) team, the Etrog Upgrade will support four extra precompiled smart contracts.
Polygon (MATIC) investors were excited about the on-chain upgrade, and the token’s price surge reflected the sentiment. According to investors, Polygon (MATIC) may emerge as one of the best crypto investments in 2024 because of its rapid ecosystem development.
On February 18, Polygon (MATIC) was trading at $0.972, up 14.76% in the past week. Experts say MATIC will rise to $0.985 in March, supported by developments on its network.
NuggetRush (NUGX): Pioneering Impact Gaming
NuggetRush (NUGX), the best NFT crypto in the metaverse, is transforming GameFi by incorporating impact gaming into its revolutionary model. Perfectly designed with cool NFTs that double as game characters, the project supports artisanal miners based in developing nations.
Mining is enhanced within NuggetRush’s (NUGX) ecosystem, as players who embark on mining adventures with minimal resources need to explore the mines seeking treasures, rewards, and physical world value.
NuggetRush (NUGX) exceeds the delivery of an impressive gaming adventure. Participants engaging in NuggetRush’s (NUGX) staking protocol, unlock a range of rewards. On that note, they can stake assets and earn an impressive annual percentage yield (APY) of up to 20%. Hence, its tokenomics is attracting a large group of investors.
Another benefit offered by the platform is the Rush Guild. It offers member governance rights and exclusive access to bonuses, discounts, and rewards. NuggetRush (NUGX) will surge to the top of the decentralized cryptocurrency list, outperforming Elon memecoins with its advanced model that assures winnings on the platform can be converted into physical assets.
The blockchain ICO has been impressive with its presale recording milestones. NuggetRush (NUGX) presale is selling out fast, nearing the end of round 5, currently valued at $0.018. The token will list on mainstream exchanges at $0.020, an 11.11% ROI for current investors. These profits make NuggetRush (NUGX) the best crypto investment in 2024.
NuggetRush (NUGX) has raised over $2.3 million, selling over 186 million tokens. With the rate at which investors are rushing to buy the tokens, NUGX might achieve its 215 million hard-cap target for this presale.
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