Cardano Active Addresses Hit New Peak As Toncoin and NuggetRush Lead the Altcoin Market Rally

TLDR 

• Cardano’s number of active addresses has hit a new ATH of 596,915.

• Toncoin price has increased 34.1% in the past week.

• NuggetRush’s price has rallied 90% to its current price of $0.019.

Three altcoins – Cardano, Toncoin, and NuggetRush, have caught the attention of investors with bullish indicators. 

New data has revealed that the total number of active addresses for Cardano has reached a new all-time high level of 596,915.

Toncoin, meanwhile, had climbed by 34.1% by the end of last week, while the price of NuggetRush had risen by 90% and currently stands at $0.019.

NuggetRush (NUGX): Early Investors Pack Up 90% ROI 

NuggetRush (NUGX) is being billed by some investors as the best ICO in the market right now, given its latest achievements. Now in the last round of its presale, the token has rallied by 90% from its starting value of $0.010 to its current value of $0.019. Investors who joined early have seen their investments grow by 90%. 

FOMO has attracted investors to NuggetRush as some analysts anticipate a further 100% increase once NuggetRush debuts in the coming weeks. NuggetRush will make NUGX, its native token, available on top exchanges. It will then introduce a play-to-earn mining game, allowing users to earn NUGX.

NuggetRush participants are provided with plots of land that are rich in hidden minerals and gems. Using a number of in-game tools, they mine their field for these precious resources, which in turn, earn them prizes that help them progress through the stages.

A buzz of discovery occurs here at this gaming platform, and players are able to blend the virtual and real worlds by converting in-game items to gold or free tokens. 

Furthermore, the game offers NFT staking, which allows investors to generate passive income with annual returns of up to 20%, which is why some altcoin investors argue NuggetRush could be one of the best coins to invest in. 

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Toncoin (TON) Price Analysis 

Toncoin (TON), the utility token of the TON blockchain, has recorded a 34.1% price pump on the weekly chart. This price increase comes after TON blockchain sealed a partnership with DWF Labs and Fireblocks.

In terms of value movement, Toncoin has been trading between $2.74 and $4.45 in the past week. Bulls are currently gearing to hit the coin’s ATH of $5.29 but have to overcome resistances at the $4.64 and $4.92 price levels.

The general sentiment surrounding Toncoin price prediction is bullish, with 26 technical analysis indicators signaling bullish signals, and 6 signaling bearish signals. However, if market sentiment changes, the price of Toncoin could drop to support levels at  $3.82 and $3.54, with the strongest at $ 3.27. 

Cardano (ADA) Metrics Skyrockets 

According to on-chain data, the number of active addresses on the Cardano network is growing, and the monthly active address count has crossed last year’s peak. Cardano’s monthly active address count signifies huge network activity and bullish sentiment.

According to Danogo data, the number of active addresses in the last 30 days peaked on March 11th at 596,915, the highest since May 2023. Also, IntoTheBlock data shows more activity among Cardano whales. 

Its large transaction metric, which measures transactions over $100,000, places the number of whale transactions at $73.86 billion in the past seven days. Meanwhile, Cardano coin is trading under bearish momentum as it dropped from a weekly high of $0.801 to $0.6918.

In Summary

Altogether, Cardano, NuggetRush, and Toncoin have all been highly adopted by investors, demonstrating market confidence in their potential. Some analysts view them as some of the best altcoins in the next bull market.

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