TLDR
- Utilization of Filecoin’s (FIL) storage services increased by 400% in 2023.
- Stacks(STX) has unveiled a new validator partnership on its network.
- NuggetRush (NUGX) could be an unexpected revelation in the gaming industry after its 80% increase.
Filecoin (FIL) could rise amid growing demand for its decentralized storage facilities. Stacks (STX) has partnered with a blockchain infrastructure provider.
NuggetRush (NUGX) could follow in the footsteps of The Sandbox, becoming one of the most popular NFT projects. Its gaming activities feature collecting and selling mineral resources. Yet, is FOMO around NUGX worth it? Let’s discuss.
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Filecoin Publishes Reports Showing Its Dominance in the Decentralized Storage Market
As demand for decentralized storage increases, user adoption of Filecoin has skyrocketed. Details from the “State of Filecoin” reports show that storage utilization on the network had risen by 400% in 2023. Active data deals on Filecoin (FIL) also increased by 230%. Filecoin also confirmed that it accounted for 99% of all data stored across protocols.
Amid talks of growing network activity, FIL has risen to the $7.00 range. FIL traded at $5.4689 on January 19. It dropped by 9.2% to $4.9604 on January 31 before rising by 10% to $5.4592 on February 12. FIL then soared by 41.6% to $7.7320 on February 20.
Filecoin (FIL) will get increased favor among other altcoins following its recent partnership with Solana. Thanks to Filecoin’s data storage technology, block history will be far more accessible on Solana. Analysts expect more partnerships in the Filecoin (FIL) ecosystem. This could push FIL up by 15.1% to $8.9009.
Stacks Announces Partnership with Luganodes
A popular blockchain infrastructure provider, Luganodes, has announced support for Stacks. Luganodes will join Stacks (STX) as a signer, validating nodes, processing transactions, and contributing to its security. Furthermore, it would promote sBTC, a new wrapped Bitcoin token coming to Stacks (STX).
The news could positively affect Stacks’ (STX) market performance. STX traded at $1.4845 on January 18. It rose by 11.9% to $1.6607 on February 7. STX jumped to $2.7067 by February 20 after a 62.9% leap.
sBTC will accompany Stacks’ (STX) Nakamoto upgrades. It would also support the next generation of DeFi services built on Stacks (STX). Analysts say Luganodes could play a pivotal role in sBTC’s adoption. This could spur a 12.9% STX pump to $3.0568.
NuggetRush: Ethereum’s GameFi Ecosystem Could Change with the Launch of NuggetRush
The GameFi industry has experienced a rapid boom in the last decade. Video gaming on Ethereum has grown significantly thanks to projects like Axie Infinity. Now, analysts predict a race among the top DeFi projects in Ethereum’s gaming ecosystem thanks to the launch of NuggetRush. Building a business out of mining natural resources is the central plot of NuggetRush (NUGX).
Yet, the combination of virtual reality, play-to-earn dynamics, and NFT technology makes it a standout network. The game also features a vibrant economy for trading natural resources. Everything from NFT workers to game funds can be sold on NuggetRush’s marketplace. Furthermore, participating in this vibrant economy also attracts rewards from the game.
The NUGX token contains governance benefits for community members. Furthermore, it is free of buy or sell taxes. There is a token claim for investors who buy NUGX in the current round of its presale. NuggetRush (NUGX) also contains real gold rewards. It offers direct swaps of RUSHGEMs for real-world gold. RUSHGEM winners can choose to have gold rewards delivered to their door.
NuggetRush (NUGX) will complete its blockchain ICO in a few days. So far, over 190 million tokens have been sold, while a revenue of $2.3 million has been generated. NUGX grew by 20% as it entered round five of its presale. Trading at $0.018, it prepares for a token launch, which is a few days away. NUGX’s value will grow by another 11.1% to $0.020 by its token launch.
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