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Avalanche (AVAX) is still reeling from one of its most popular hacks in recent times.
Arbitrum has launched its Orbit protocol which would make development of apps easier.
Elsewhere, NuggetRush (NUGX) is set to release a mining game that offers tons of easy paths to earning rewards.
Avalanche (AVAX) is struggling to recover from the hack of Stars Arena that led to the theft of $3 million. Still, analysts say AVAX will maintain its current bullish rally. Elsewhere, Arbitrum launched the Orbit protocol to its main net, a development that could boost ARB’s market performance.
However, the upcoming launch of NuggetRush’s gaming protocol seems to be on the lips of every investor. Which of the above projects will join the top crypto coins of 2023? Let’s discuss.
Summary
Avalanche’s Social App Suffers Network Hack Costing $3 Million AVAX
On October 7, 2023, hackers attacked Avalanche’s (AVAX) social media app, Stars Arena, less than a week after its launch. The hackers withdrew nearly all the locked funds on the app, carting away $3 million in Avalanche tokens. The launch of Avalanche’s Stars Arena generated excitement that even pushed AVAX’s value up.
Despite the Avalanche breach, AVAX has risen slightly in the past few weeks. AVAX was trading at $10.36 on October 7 after the famous hack. Yet, AVAX had grown by 10.5% to $11.45 on October 30.
Avalanche has become more popular in recent times due to its high scalability, low fees, and security. Some analysts say the hack of Avalanche’s Stars Arena wouldn’t reduce its network patronage. They further expect AVAX to rise by 18.2% to $13.54 by year’s end.
Arbitrum (ARB) Launches Orbit Mainnet
On October 26, 2023, Arbitrum (ARB) announced the mainnet launch of its Orbit protocol. Arbitrum Orbit would allow developers to create self-managed Arbitrum Rollups and AnyTrust Chains. It would allow developers to create dedicated chains for settling transactions on one of Arbitrum’s (ARB) layer-two networks.
The launch of Arbitrum Orbit coincides with ARB’s recovery in the past few weeks. ARB was trading at $0.804 on October 14. ARB jumped by 16.5% to $0.937 on October 26, following the launch of Arbitrum Orbit.
Analysts say the latest upgrade could boost development activity on Arbitrum (ARB). It would also increase demand for its network services, while increasing ARB’s trading activity. This could see ARB rise by 10.3% to $1.034.
NuggetRush (NUGX) to Offer High-End Mining Game With Multiple Rewards
The trend of investors joining the game-fi world because of its fun-promoting adventures and bountiful financial rewards will keep rising. To capitalize on this trend, NuggetRush (NUGX) will launch a mining game that soothes the yearnings of gamers and investors.
NuggetRush offers a world of NFT miner characters, skilled business managers, and mineral-rich terrains.
The game challenges players’ ability to make quick decisions and manage resources. It involves using NFT characters to start, manage, and scale a booming mining business. As players become more efficient at mining rewards, their earning potential rises.
One of NuggetRush’s (NUGX) most attractive features is its multiple reward-earning avenues. When players complete tasks and mine assets, they receive in-game money and NFTs. These in-game NFT collectibles feature miners and machinery.
The abilities of these miners and other machinery received at the start of NuggetRush (NUGX) are limited. However, as players progress, they receive better machinery and more skilled NFTs. As expected, players can sell these in-game rewards on NuggetRush’s (NUGX) marketplace.
NuggetRush (NUGX) seems to be one of the most exciting new ICOs. Despite still being in its blockchain ICO phase, demand for the NUGX is rising daily. NUGX currently costs $0.012, and by the end of the presale, it will sell for $0.020!
Visit NuggetRush Presale Website
*This article was paid for Cryptonomist did not write the article or test the platform.
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