As NuggetRush gears up for launch, SOL and BNB investors take notice amid retracements

As NuggetRush gears up for launch, SOL and BNB investors take notice amid retracements

By News Team - min read
Updated 22 April 2024
  • Growing demand for Solana meme coins could boost its performance.
  • BNB could return to $600 amid an expected network activity increase.
  • NuggetRush (NUGX) will let users stake gaming NFTs in its artisanal mining landscape.

Solana’s (SOL) network activity is on the rise, while BNB’s ongoing meme coin competition could boost its investor sentiment.

At the same time, NuggetRush (NUGX) has positioned itself as one of the stellar gaming tokens in the crypto industry. Its presale sold over 270 million coins. NUGX’s value also returned 100% interest to its earliest investors. Yet, can NUGX emerge as one of the top altcoins? Keep reading for more.

NuggetRush’s NFT staking offer raises its popularity in GameFi

NuggetRush (NUGX) is expanding the wealth-building capabilities of the Ethereum gaming ecosystem. The project combines unique artisanal mining challenges with blockchain technology, resulting in a vibrant GameFi ecosystem. It invites gamers, investors, and P2E enthusiasts to join its ecosystem. NuggetRush (NUGX) will demand skillful solving of mining challenges that offer players high-value GameFi benefits.

The game’s landscape contains various NFT characters – each possessing multiple skills that range from artisanal mining to entrepreneurship. Leveraging the expertise of these NFT characters will help players build businesses out of their mining activities. You can sell each excavated resource for cash on NuggetRush’s (NUGX) marketplace. The game also gives out special rewards to players each time they complete mining tasks.

How many rewards you earn per gaming activity is influenced by the efficiency of your workers and machinery. However, you can upgrade your mining assets, boosting their efficiency and market value. You can also earn attractive rewards for choosing to stake your NuggetRush NFTs. The payout from NFT staking on NuggetRush (NUGX) goes as high as 20% APY. This allows investors to earn money from their NFT assets without selling them.

NuggetRush’s (NUGX) official listing is the next important development in its ecosystem. The project has sold over 270 million presale tokens. NUGX’s value surged to $0.020, marking a 100% value jump from its intitial price of $0.010 when the presale started.

For more information and upfdates about NuggetRush, Visit NuggetRush Website.

Solana’s network activity soars in Q1 2024

Solana (SOL) has become one of the top crypto coins in the digital asset industry. On-chain reports show a huge increase in active wallets on Solana (SOL) in Q1 2024. Solana announced that its active wallets had grown to 1.4 million in Q2 2024, rising by 900,000 from the previous quarter.

Despite its rising network activity, Solana (SOL) price struggles to return to $200. SOL traded at $129.70 on March 3. It surged by 55.8% to $202.12 on March 17. SOL fell by 4.8% to $192.23 on March 29 before dropping by 3.6% to $185.25 on April 3.

Solana (SOL) could rise due to its growing meme coin activity. Investor sentiment for Solana meme coins like BONK and Dogwifhat surged considerably in Q1 2024. Analysts expect Solana (SOL) to recover due to its high network activity. This could push SOL’s value up by 10.8%  to $205.44.

BNB launches its meme coin competition

BNB has unveiled a new meme coin competition in its ecosystem. Like many top DeFi projects, BNB hopes to capitalize on the current meme coin rush by offering $1 million in rewards. The competition will significantly increase meme coin activity in BNB’s ecosystem.

It could also boost BNB’s market performance. BNB price on March 2 was $410.99. It surged by 53.9% to $632.80 on March 15. BNB fell slightly to $612.66 on March 29 before falling by 8.2% to $562.02 on April 3.

BNB will undergo upgrades by mid-April. The upgrades will improve staking services on the network. Furthermore, BNB’s Beacon Chain will also undergo upgrades, boosting its overall network performance. This could push BNB’s value up by 7.9% to $606.72, making it one of the best performing bullish altcoins.