What Draws Supporters of Cardano and Solana to This Fresh Cryptocurrency?
The post What Draws Supporters of Cardano and Solana to This Fresh Cryptocurrency? appeared first on Coinpedia Fintech News
TLDR
- Cardano (ADA) holders are expecting a continuation of its December rally.
- Solana (SOL) has jumped following increased meme coin activity on its network.
- NuggetRush’s (NUGX) mining adventure game will offer higher rewards than most P2E projects.
Cardano could soar above $7.00 due to its recent bullish momentum. Solana (SOL) has also jumped sharply due to the growing popularity of BONK.
Yet, NuggetRush’s (NUGX) mining adventure is winning hearts after unveiling NFT staking and gold-backed rewards. The project has also recorded a sharp 50% jump in its presale. Yet, can it outperform ADA and SOL? Let’s hear what expats have to say.
Cardano Eyes $7.50 Mark
Cardano (ADA) has become one of the top altcoins by market growth since the start of November. Talk of spot crypto ETFs had triggered a bull run, pushing Cardano to a yearly high. Now, several community members say Cardano (ADA) will go above $7.50 by early 2024.
ADA traded at $0.3842 by December 1 after a bull run in November. Following the market bullishness, ADA jumped by 50% to $0.5766 by December 19. ADA continued its sharp ascent, rising by 8.5% to $0.6257 by December 25.
Cardano’s (ADA) performance in 2023 was largely stagnant despite the partnership and new developments on the network. One of its latest partnerships includes a blockchain education program with the Brazilian government.
Analysts say the partnership would boost the adoption of Cardano, thus pushing ADA up by 19.2% to $0.7459. If Cardano (ADA) keeps rising, it could be one of the top DeFi projects.
NuggetRush: Mining Game Unveils Gold-Backed NFT Rewards
NuggetRush (NUGX) combines exciting adventures, meme coin benefits, and valuable rewards into an innovative mining experience. It features a trip to a super realistic world where players are tasked with becoming successful miners. NuggetRush (NUGX) thrusts players into its adventure, giving them a few mining characters and equipment.
Players must then find and excavate valuable mineral resources by exploring NuggetRush’s (NUGX) vast landscape. As players progress, they receive improved machinery, and the skills of their mining characters improve. However, NuggetRush (NUGX) offers a comprehensive marketplace stacked with skilled NFTs and improved mining equipment.
Players can expand their mining business by setting up multiple mining operations earning money from valuable mineral resources. NuggetRush (NUGX) will reward players with valuable NFTs and game funds for their mining activities.
To get higher rewards, players can boost the efficiency of their mining operation by upgrading their equipment. Players can also liquidate their game collectibles, earning money from their mining activities.
NuggetRush (NUGX) is holding a public presale that has already sold over 112 million tokens. Revenue from its blockchain ICO has exceeded $1.3 million. NuggetRush (NUGX) just crossed into the fourth round of its presale, trading at $0.015. Its first-round buyers have earned a 50% profit. By round five, NUGX’s value would jump again!
Solana Soars Amid Growing Popularity of BONK
Solana (SOL) has become one of the best-performing cryptocurrencies since November. It first jumped in response to the market’s bullishness. However, growing meme coin activity on Solana (SOL) in December boosted its market performance. Reports from CoinMarketCap also showed a nearly $40 billion increase in Solana’s (SOL) market capitalizations since mid-October.
SOL traded at $59.80 on December 1 after a bullish November. By December 14, SOL’s value jumped by 18.7% to $71.00. As meme coin activity on Solana increased, SOL jumped by 70.6% to $121.15 by December 25.
Solana-based meme coins like BONK and dogwifhat (WIF) have recorded meteoric increases in December. Market experts were shocked when Solana’s BONK displaced PEPE as the fourth-largest meme coin project by market capitalization. Analysts expect Solana to remain bullish, thus pushing SOL up by 11.9% to $135.67.
