- Crypto analyst Michael van de Poppe has predicted that Arbitrum will rise to $3.
- Daily new addresses on the Ethereum network will be increased in 2024.
- NuggetRush is at the last stage of its token presale, and investors are currently looking forward to its launch.
Top crypto analyst Michael van de Poppe has made a bullish prediction for Arbitrum, projecting a rise of 120% to $3.00. In other news, the Ethereum network has seen a notable uptick in daily new addresses in 2024.
Meanwhile, NuggetRush has entered the final stage of its crypto ICO presale, with investors awaiting its official launch.
NuggetRush (NUGX) at the last presale phase
NuggetRush (NUGX) is making waves in its blockchain ICO stage, standing out as a fun meme coin that introduces users to play-to-earn gaming. On this platform, players get to enjoy a thrilling mining game where they can make money while having fun.
The game is packed with different challenges, with the coolest NFT rewards up for grabs. Also, players get to run their own mining gigs in NuggetRush, making smart moves and learning more about business management.
Those players who have top-notch equipment have higher chances to win bigger prizes. So, players are advised to upgrade their equipment as they play. NuggetRush also allows players to team up. So, you can join forces with others to search for minerals and carry out other mining challenges.
Meanwhile, the current price of NuggetRush’s NUGX is $0.018, a 20% pump from the previous round. This is the last round of this presale. Smart investors are already getting in and doubling down on their investment before the presale ends.
Analysts are already projecting 50x returns for investors who join now. So, jumping into the NuggetRush presale now is a smart move if you want to grow your assets as this DeFi project expands.
Arbitrum (ARB) likely to rise to $3
Renowned cryptocurrency analyst Michael van de Poppe is confident that Arbitrum (ARB) could soon attain his earlier forecast of a 120% increase, reaching the $3.00 level. This optimism follows a downturn in the Arbitrum price after an initial 55% surge to its ATH of $2.39 last month.
In a post on X, Poppe pointed out that the recent 35% decrease in Arbitrum’s price might signify the end of bearish trends. With the altcoin price now steady, he believes a rebound in Ethereum’s price could greatly increase Arbitrum’s worth.
Meanwhile, the Arbitrum price chart indicates that the coin is now trading in accordance with analyst expectations. Arbitrum’s price has risen 11.3% and 9.4% over the last 14 and 7 days, respectively, according to CoinMarketCap.
Ethereum (ETH) new addresses continue to grow
Ethereum (ETH) has steadily increased its usage in 2024, establishing itself as the second-largest cryptocurrency by market capitalization. Interestingly, the number of new Ethereum addresses has increased during 2024.
Etherscan data shows that the network generated around 3.54 million new addresses in 2024. The daily growth rate of unique Ethereum addresses in 2024 averaged 95,570, with a significant increase of 96,145 addresses on February 6th alone.
The increased number of new addresses could be attributed to a variety of things, including the prospective spot Ethereum ETF and the Decun update. The Decun update promises to lower network transaction expenses by 90%.
Meanwhile, the ETH price has ranged between $2,264.19 and $2,442.97, with a 7.0% weekly price pump.
Final Thoughts
Several altcoins are again trading in the green, following a dismal phase in January. FOMO has increased in the market as investors look for promising cryptocurrencies.
One altcoin on their list is NuggetRush’s NUGX token, which has soared over 80% in recent weeks. Analysts expect NuggetRush to climb like Arbitrum after its inception.