The content and materials featured on this page are for educational purposes only. Amid a fluctuating market, Arbitrum reveals a new defi partnership, Dogwifhat struggles with market conditions, while NuggetRush captures investor interest with its presale. Arbitrum (ARB) has unveiled a new defi partnership. Dogwifhat (WIF) could drop further if the current downturn continues.
Its recently completed presale raised considerable interest. The market bullishness of March 2024 made Arbitrum one of the most in-demand cryptocurrencies. Onchain reports show that Arbitrum’s market capitalization jumped to $4.6 billion in mid-March. Analysts expected Arbitrum’s rally to continue.
However, Bitcoin’s sharp drop in April changed those expectations. ARB traded at $2.1178 on March 13. Two weeks later, ARB fell by 21.84% to $1.6552 on March 27. It fell by 37.56%, reaching $1.0334 on April 13 before recovering by 17.57% to $1.2150 on April 20.
Arbitrum could rise due to growing defi activity on its network. On April 18, Swaap Finance announced a partnership with Arbitrum. Users will enjoy supercharged defi opportunities on Arbitrum via the launch of Swaap Earn. Analysts say rising defi activity could push ARB’s value up by 25.02% to $1.5190.
Bullish memecoins like Dogwifhat and BONK topped investor wishlists in March. Dogwifhat’s market capitalization also jumped to $4.69 billion in March. However, a sharp WIF fall followed the crypto crash triggered by Bitcoin’s price drop. WIF traded at $2.6393 on March 13.
Two weeks later, WIF surged by 41.74% to $3.7412 on March 28. It remained bullish, jumping by 12.26% to $4.2000 on April 8 before falling by 27.80% to $3.0322 on April 20. Dogwifhat could surge due to the expected increase in demand for cryptocurrencies that followed the recent BTC halving. Many analysts predict a resurgence of the memecoin boom.
Furthermore, recent listings of Dogwifhat show its increased popularity. Analysts expect these factors to push Dogwifhat’s WIF token up by 20.73% to $3.6609. This could make WIF one of the top crypto coins. Many investors and gaming enthusiasts know NuggetRush (NUGX) as a standout crypto gaming project that focuses on providing thrilling artisanal mining adventures.
NuggetRush offers the opportunity to become a professional artisanal miner in its 3D ecosystem. Mining on NuggetRush will offer the chance to build viable businesses with high returns. The game offers all the needed assets for players to establish their mining operations. NuggetRush also offers solo and collaboration opportunities in its mining game.
Players can complete tasks alone or as part of mining groups that split rewards from shared tasks. NuggetRush’s gameplay is about taking mining assets like workers and machinery and building a business from excavating resources. The game’s marketplace offers smooth conversion of mining assets to cash, allowing players to profit from their business operations. NuggetRush also offers extra profit opportunities to gamers in its ecosystem.
The game rewards players with NFT prizes and funds for completing mining challenges. These NFT assets could be machinery, mining workers, or rare gems. The game allows players to also stake NFT assets in return for APY rewards. NuggetRush’s NFT staking mechanism pays up to 20% APY, depending on the selected staking duration.
As mentioned earlier, NuggetRush’s presale is now over. The project sold over 271 million tokens and raised over $3.8 million in revenue. ROI from its blockchain ICO also reached 100%, indicating its strong growth potential. Now, NUGX is live on Uniswap.
However, analysts expect NUGX’s surge to double as its gaming adventures begin. Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
