TLDR
- Ethereum Classic’s (ETC) recent bullish momentum has fallen.
- Solana’s (SOL) stablecoin transaction volume surpassed $303 billion in January.
- NuggetRush’s (NUGX) upcoming launch has created a mega buzz in the crypto community.
Ethereum Classic (ETC) has fallen below the $29 region. Solana (SOL) has recorded a sharp increase in stablecoin transaction volume.
Yet, NuggetRush (NUGX) could become a top player in the P2E industry following the upcoming launch of its mining game. Players will win NFTs and gold on NuggetRush. Yet, can NUGX join the best cryptocurrency investments of Q1 2024? Let’s hear from market experts.
NuggetRush’s Growth Potential Could Skyrocket After Exchange Listing
NuggetRush (NUGX) is winning hearts in the crypto industry as excitement around its NFT gaming adventure grows. The project features a community of like-minded individuals with a knack for artisanal mining. It contains several mining challenges with varying complexity. Your duty as a gamer is to establish a mining enterprise that helps you stack gold and other NFT rewards.
NuggetRush (NUGX) is the perfect bridge between video gaming and decentralized finance. Completing challenges on NuggetRush will earn you collectibles, which you can trade for cash. Players should head to the game’s marketplace to recruit workers and acquire machinery. These assets can be purchased from NuggetRush (NUGX) or other players.
Purchasing upgraded machinery and workers from other players will boost your mining efficiency. One of the sure ways to earn a fortune from NuggetRush (NUGX) is by owning multiple mining operations across the game’s landscape. The more mining sites a player controls, the higher their earning potential from selling mineral resources.
NuggetRush’s (NUGX) features have caught the attention of investors, many of whom have bought 161 million tokens in its presale. NUGX is now in round five of its presale with a value of $0.018. It increased by 20% from its round four price of $0.015. When NUGX gets listed, its value will jump by 11.1% to $0.020.
Ethereum Classic Records Pullback in Mid-January
Ethereum Classic (ETC) recorded a market correction in the third week of January despite nearing the $30 range. Following the approval of spot Bitcoin ETFs, several top altcoins rallied impressively. Ethereum Classic (ETC) jumped as its trading activity increased. Analysts expected the run to continue till the end of January.
However, Ethereum Classic’s (ETC) bullish momentum has dropped. ETC cost $22.50 as of January 1. It jumped by 28.9% to $29.02 on January 12, two days after the approval of spot Bitcoin ETFs. ETC dropped by 9.8% to $26.16 on January 17. It then fell by 6.8% to $24.48 by January 21.
Ethereum Classic (ETC) holders expect the market to recover soon. Furthermore, they say Ethereum Classic’s Spiral Upgrades, scheduled for January 31, would add bullish momentum to the ETC’s rally.
The Spiral Upgrade aims to bring greater parity between Ethereum And Ethereum Classic (ETC). Analysts say the Spiral Upgrade would significantly boost DeFi activities on the network. This could push ETC’s value up by 31.0% to $32.09, making it one of the top crypto coins.
Stablecoin Activity on Solana Hits Record Monthly High
DeFi activity on Solana (SOL) has soared as its stablecoin transfer volume reached $303 billion on January 20. Solana’s (SOL) stablecoin transfer volume has risen by $6 billion since December 2023. The news excited Solana’s (SOL) community, as it indicated growing interest in the blockchain.
Furthermore, it comes amid Solana’s (SOL) struggle to reclaim the $100 mark. SOL traded at $109.51 on January 1. It fell by 18.4% to $89.28 on January 7 before recovering by 14.3% to $102.06 by January 17. SOL then fell by 10.9% to $90.85 as of January 21.
Growing memecoin activity fueled Solana’s (SOL) jump above $100 in late 2023. Bonk, a Solana-native project, became one of the most in-demand community-driven meme coins. Analysts say Solana could jump if its stablecoin activity keeps growing, thus pushing SOL up by 12.7% to $102.47.
