TLDR
- Investors were impressed with Beam’s February recovery.
- Chiliz (CHZ) also jumped to the $0.10 level.
- NuggetRush (NUGX) has sold nearly 200 million tokens as its pre-sale glory continues.
Beam has launched a bridge to Ethereum. Paris Saint-Germain (PSG) has joined Chiliz as a validator.
Nugget Rush (NUGX) It’s also one step closer to launching a mining game after selling over 199 million tokens. Once the mining adventure begins, it will reward gamers with gold. But can NUGX join the best cryptocurrency investments of 2024? Let’s discuss.
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BeamPrivacy records February surge
Beam continued its upward trend into the end of 2023, with investor sentiment rising in mid-February. Like many of the top altcoins that rebounded in late 2023, Beam also recorded a price decline in January.
However, Beam has now recovered amid growing interest in privacy tokens. BEAM was trading at $0.09929 on January 15th. On February 9, it rose 3.9% to $0.1032. BEAM fell 5.4% to $0.09756 on February 12th and rose 14.5% to $0.1118 on February 23rd.
Analysts expect Beam’s services to surge following the launch of its bridge to the Ethereum ecosystem. Bridges enable seamless cross-chain transactions between two networks.
Additionally, demand for privacy coins is growing, as evidenced by Litecoin’s Mimblewimble launch. This demand could increase FOMO around BEAM, potentially pushing the price up 34.9% to $0.1509.
Chiliz signs partnership with PSG soccer team
Chiliz (CHZ) announced the addition of French soccer team Paris Saint-Germain (PSG). PSG will be the validator of the Chiliz chain. PSG also announced that it would use the profits earned from verifying Chiliz to purchase fan tokens. This move signals Chiliz’s (CHZ) network expansion plans.
Anticipation of the news could boost CHZ’s recent performance. CHZ was trading at $0.07759 on January 8th. Two weeks later, on January 25, CHZ rose 38.9% to $0.1078. CHZ fell 7.9% to $0.09923 on February 5, and has since risen 27.1% to $0.1262.
Chiliz (CHZ) could take a further leap forward due to its Tokenomics 2.0 model plans. The upgraded token economics model includes a gradual reduction in annual inflation rate and a permanent token burn mechanism.
An increase in token burns could increase demand for Chiliz, pushing the value of CHZ up 23.2% to $0.1555. Additionally, this price increase will increase its standing among other altcoins.
As NuggetRush presales reach new highs, experts are left baffled.
Nugget Rush (NUGX) A combination of valuable gaming rewards and challenging mining experiences will soon be available to cryptocurrency gamers. Once launched, gamers will be able to easily set up mining operations in the ecosystem to earn high-value rewards.
A key aspect of NuggetRush (NUGX) gameplay is being prepared to perform mining operations. This includes purchasing machines and workers from the game market. It requires skillful selection of game assets. Characters have varying levels of skill, luck, and rarity.
NuggetRush’s (NUGX) NFT assets are also part of the game’s valuable financial collectibles. You can make money from your gaming collectibles by selling your NFT avatars to other gamers. Players can earn up to 20% APY by staking NuggetRush (NUGX) NFTs for a fixed period.
NuggetRush (NUGX) could outperform many other gaming altcoins. The blockchain ICO sold nearly 200 million NUGX tokens despite the project’s official launch being less than two months away. The decentralized exchange plans to list NUGX after appreciating it to $0.020, up 5.2% from its current value of $0.019.
Visit the NuggetRush pre-sale website