TLDR
- A United Nations report has linked USDT to criminal activity, worsening negative sentiments around Tron (TRX).
- Neo’s community members are celebrating its Mamba upgrade.
- NuggetRush’s (NUGX) official launch will come soon as its presale nears a close.
Tron’s (TRX) fortunes could worsen after a UN report linking TRC-20 USDT to illegal transactions. Neo expects smart contract upgrades following the release of the Mamba upgrade.
Yet, both projects can’t match the buzz around NuggetRush (NUGX), a mining game where players explore their wealth-building side. The game enriches players with its NFTs and gold prizes. Yet, are these enough to make NUGX one of the best DeFi projects? Let’s talk about it.
NuggetRush’s Mining Game Prepares For Official Launch Amid Successful Presale
NuggetRush (NUGX) is a stack of mining adventures where players rise from novice to professional miners with multiple digging operations. The game is an opportunity to earn money from gaming activity.
NuggetRush (NUGX) features a deep expedition of a mineral-covered landscape. Players will use skilled NFT gaming characters to set up business operations out of mining activities.
NuggetRush (NUGX) players will also need quality machinery to maintain high efficiency in their digging activities. Thankfully, NuggetRush offers a high-quality marketplace where players can purchase the most efficient mining equipment. Gamers who collect several mining workers and machinery can easily build wealth faster than other players.
Speaking of building wealth, NuggetRush (NUGX) offers peer-to-peer trading of valuable NFT assets. Mining characters with high efficiency will fetch a higher sale value on NuggetRush (NUGX). Gamers can also stake their NFT assets for high value. The game’s NFT staking rewards offer up to 20% APY, depending on how long a player holds their NFT assets.
NuggetRush’s blockchain ICO will round up soon. The project is now in round five of its presale. NUGX’s token trades at $0.018 after a sharp 20% increase from its first price. NUGX will jump by another 11.1% to $0.020, thus kickstarting its listing process.
UN Links USDT to Illegal Transactions in East Asia Amid Growing Circulation on Tron
The United Nations has become the latest organization to link USDT to money laundering and fraud activities in Southeast Asia. The organization also pinned the growing use of USDT for criminal activity to a possible lack of relevant regulation. The news came as a shock to Tron’s (TRX) community due to the large USDT activity on its network. Tron’s USDT circulation has surpassed $50 billion.
Furthermore, the news could push Tron (TRX) below the $0.1 mark. TRX’s December 31 value was $0.1077. It fell by 4.5% to $0.1028 as of January 9. TRX then recovered by 7.3% to $0.1104 as of January 19.
Analysts worry that the UN’s report will increase negative sentiment around Tron (TRX). In late 2023, several groups alleged that criminal activity was growing on Tron (TRX). A U.S. watchdog had also written to the American government, citing Tether’s increased relationship with Tron (TRX).
Analysts say TRX could fall by 10.8% to $0.0984 if its negative sentiment rises. If Tron keeps falling, it could be one of the worst-performing altcoins.
Neo Expects Improved Functionality After Mamba Update
On January 16, 2024, COZ unveiled the Mamba upgrade, which features updates to a Python SDK for Neo blockchain. One key feature of the Mamba upgrades is extra functionality to Neo’s smart contracts. Furthermore, the upgrade would affect NFT development and deployment.
The news follows NEO’s January decline. NEO traded at $14.24 on January 1. As of January 16, NEO dropped by 14.7% to $12.14 after the Mamba upgrade was unveiled. NEO fell by 3.7% to $11.69 on January 20 as its decline continued.
NEO’s decline stunned analysts as it had rallied in December following excitement around spot Bitcoin ETFs.
The excitement pushed NEO close to the $15 range. Yet, its January decline has been steep, although the Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs in early January. Some analysts say NEO’s network upgrades would trigger a 52.2% jump to $17.80. This could make NEO one of the top crypto coins.
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